What are Reddit Moons?
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$101,141.00
5.16%$2,070.20
15.39%$2.25
6.25%$617.93
2.98%$160.09
9.56%$0.999974
0.00%$0.190337
11.76%$0.736632
11.63%$0.254623
2.85%$2,070.29
15.25%$3.91
20.49%$100,993.00
5.03%$15.38
13.23%$21.27
10.84%$0.284046
9.79%$2,481.79
14.75%$417.50
17.24%$0.000014
10.49%$8.81
1.38%$0.19095
9.55%$0.999906
-0.00%$3.17
6.02%$21.89
4.14%$92.69
5.59%$4.31
10.53%$2,075.12
15.31%$292.67
4.23%$4.44
5.33%$0.999952
-0.05%$2,208.67
15.10%$1.00
-0.06%$101,162.00
5.00%$0.637059
10.04%$0.00001049
28.36%$30.03
5.14%$414.65
15.16%$5.54
15.48%$5.28
11.67%$1.051
0.01%$2.62
16.93%$52.62
3.91%$0.95145
10.98%$195.35
15.57%$1.00
0.00%$0.096932
7.02%$17.90
12.36%$5.04
11.39%$21.76
3.43%$32.97
10.89%$0.097103
7.24%$0.744566
5.19%$12.38
15.18%$4.62
12.49%$0.02728135
11.48%$0.252702
16.52%$0.999829
-0.10%$101,097.00
5.38%$1.17
-0.01%$4.44
7.62%$0.761353
14.58%$2.84
11.39%$0.218215
11.12%$4.35
0.37%$0.315925
19.31%$0.555613
10.73%$2.69
12.47%$0.351335
16.04%$4.33
5.71%$0.997766
-0.04%$0.00001924
16.37%$0.969798
14.27%$1.031
12.62%$1,653.39
12.49%$94.63
6.63%$11.00
2.52%$0.463951
10.77%$167.78
9.35%$0.844526
8.55%$0.01943158
1.63%$1.26
1.60%$2,076.41
15.47%$0.075513
4.43%$2,162.92
15.27%$1.80
33.61%$1.17
21.34%$0.22368
13.33%$101,056.00
4.84%$0.664239
11.30%$4.06
7.72%$0.601492
14.14%$1.001
0.01%$10.84
15.86%$202,676.00
111.30%$0.740641
12.90%$2,348.27
15.04%$0.100234
12.06%$1.00
-0.08%$0.01427845
33.41%$618.31
2.98%$0.00009006
20.19%$0.999409
-0.08%$206.98
10.13%$14.62
1.61%$0.01715708
12.07%$177.19
9.59%$0.816191
15.48%$0.906912
18.83%$3,303.61
-2.06%$101,250.00
5.28%$1.00
-0.01%$39.68
10.74%$2.71
12.96%$0.628115
17.06%$3,309.31
-2.18%$102,099.00
6.51%$2,205.84
15.26%$100,809.00
5.04%$0.222834
8.36%$0.0171035
14.16%$0.308714
14.70%$0.735586
4.17%$0.07406
43.45%$0.00000073
5.48%$3.94
5.90%$2.19
8.66%$0.119142
9.91%$20.74
18.59%$0.671878
23.61%$41.27
2.89%$2,165.05
14.91%$0.997881
-0.01%$0.399098
9.39%$1.001
0.19%$0.01844205
10.78%$0.581735
9.39%$0.322669
10.18%$1.11
0.92%$3.67
16.43%$0.721344
19.48%$1.78
11.83%$2,155.53
14.50%$0.609533
25.64%$0.0094539
15.64%$0.148138
11.56%$0.00570808
10.21%$0.446561
17.98%$101,231.00
5.13%$0.462444
7.37%$110.97
0.01%$0.199138
24.94%$1.002
0.30%$0.190454
11.58%$7.39
9.32%$101,145.00
5.68%$0.999991
-0.01%$0.613864
10.76%$1.35
9.61%$16.60
9.34%$0.065435
-0.41%$0.477368
13.76%$2,072.66
15.12%$0.999999
0.01%$97,165.00
3.21%$0.00002265
8.66%$2,208.18
15.24%$0.14266
12.54%$2,080.94
15.75%$0.546858
13.62%$6.12
10.28%$1.56
6.53%$0.00822673
14.78%$0.00000043
2.20%$2,062.35
15.14%$2,105.32
12.45%$3.52
21.76%$2.60
12.86%$1.69
4.89%$0.252364
16.29%$0.04292344
11.32%$0.164071
4.63%$0.156154
3.25%$1.012
1.25%$1.086
0.05%$0.00587961
11.29%$0.080099
11.45%$0.087447
13.57%$2,075.46
15.34%$1.47
17.65%$42.25
10.48%$0.00000096
26.39%$0.569502
16.93%$0.392323
8.61%$32.80
2.18%$0.03607471
5.74%$0.01850522
4.35%$0.00420589
5.72%$21.60
1.20%$1.001
-0.03%$0.365903
1.25%$0.176193
3.61%$1.00
-0.02%$0.813867
6.81%$0.339046
15.89%$0.00006217
6.70%$0.306408
23.02%$0.572642
27.21%$0.738517
15.09%$2,061.53
15.40%$1.35
4.61%$0.999248
-0.28%$0.718173
8.64%$101,117.00
5.07%$0.999845
0.04%$1.001
0.01%$120.33
11.39%$103,238.00
7.48%$0.00301853
9.87%$0.00000147
0.87%$2,198.51
15.29%$1.099
0.00%$2.63
9.72%$0.237329
9.64%$0.210533
12.88%$21.24
10.42%$0.03434584
9.80%$21.89
3.97%$1.00
0.01%$2,283.85
15.61%$3,334.14
-1.08%$0.00313784
19.10%$22.66
6.36%$0.550273
7.09%$0.996307
30.70%$2,260.13
15.32%$3.33
9.45%$3.36
21.46%$0.268734
6.82%$16.17
11.65%$0.00354771
16.76%$2,076.64
15.42%$2,030.51
5.26%$2.77
3.37%$0.03744659
7.83%$1.05
5.28%$2,241.04
15.62%$1.57
2.92%$0.0130512
9.69%$100,939.00
5.42%Reading
Moons, the crypto token of Reddit's r/cryptocurrency community, is up by double-digits on the day after Reddit "officially renounced" the Moons contract.
The social media platform burned its remaining 98,000 Moons tokens as part of the process, which also imposes a hard cap on the supply of approximately 83 million Moons.
The r/cryptocurrency subreddit's mod team hailed the move as a "significant milestone" for the community in a statement, noting that it "now has assurance that there will be no further changes to Moons' contract in the future." With no requirement for a new token to be deployed, Moons can "easily retain existing exchange listings," the mod team said.
The price of Moons currently stands at $0.158456, up 11% on the day, per CoinGecko data. Over the past month, the token has surged over 150%, following community moderators' announcement that they were preparing a "plan forward" for the token.
The r/cryptocurrency mod team announced yesterday that it would work on restoring features including memberships, governance and tipping, as well as potentially restarting distribution of Moons, "though exactly how that will work remains to be seen."
Moons, the crypto token of Reddit's r/cryptocurrency community, has surged by over 130% following an update by community moderators pointing to a "plan forward" for the token that will impose a hard cap on the supply. The price of MOON currently stands at just under $0.13, up 133% on the day, according to CoinGecko. In the update, r/cryptocurrency's mod team reported that, "The Reddit admins will be renouncing the Moons contract," a process that's expected to be completed by the end of the month...
Reddit Moons, or Community Points, are ERC-20 tokens that were initially minted on the Ethereum network and subsequently moved to scaling network Arbitrum Nova.
In October, the social media platform announced that it would be winding down its crypto-powered rewards program, which saw users earn points for posting in certain communities. The points could be redeemed for Reddit perks including badges, emotes and GIFs.
Reddit cited the high cost of resourcing and the "regulatory environment" in its decision to sunset its Community Points program.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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