Not sure of the requirements to give rep, was mentioned that it's the same as Seven Forums.
Just rep'ed someone, it was grey so no points added, they had a couple of other grey reps, and total of 10 points.
I think everyone starts off with 10 points.
Seven Forums rep

Information
Post Count Factor
For every X number of posts, users gain 1 point of reputation-altering power. 25
Reputation Point Factor
For every X points of reputation, users gain 1 point of reputation-altering power. 100
Minimum Post Count
How many posts must a user have before his reputation hits count on others? 1
Minimum Reputation Count
How much reputation must a user have before his reputation hits count on others? 10
Daily Reputation Clicks Limit
How many reputation clicks can a user give over each 24 hour period? Administrators are exempt from this limit. 10
Reputation User Spread
How many different users must you give reputation to before you can hit the same person again? Administrators are exempt from this limit. 10
According to this I should be able to give rep. It must be slightly different here.
No problem, it will come around soon enough.