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.
$120,666.00
1.70%$3,667.12
8.64%$3.61
14.98%$748.21
4.94%$183.65
6.65%$0.999897
-0.00%$0.243839
14.90%$3,657.56
8.45%$0.878415
14.11%$0.33158
6.89%$47.16
1.96%$0.504019
5.87%$120,516.00
1.66%$4,419.47
8.65%$4.18
5.37%$19.06
13.82%$0.28451
17.32%$534.24
7.83%$24.94
10.67%$3,920.29
8.41%$0.00001566
7.87%$3,660.02
8.43%$109.07
11.44%$8.98
1.98%$3.34
6.05%$4.61
10.21%$0.999773
-0.01%$1.001
0.13%$46.07
1.90%$10.43
18.11%$337.08
-0.15%$120,794.00
1.86%$0.00001419
5.08%$5.10
9.88%$1.002
0.02%$334.52
4.09%$0.127717
19.38%$436.89
2.05%$3.02
10.27%$5.56
7.56%$23.23
18.30%$0.458261
3.68%$1.084
13.12%$1.18
0.09%$6.15
10.01%$223.46
6.74%$48.77
2.79%$0.00003675
-6.38%$0.836471
12.17%$1.00
0.00%$0.319512
7.91%$0.098973
6.61%$0.403703
9.23%$0.0290587
13.50%$0.478748
8.80%$5.13
8.03%$0.253131
9.71%$4.38
8.83%$3,673.39
8.87%$0.99989
-0.01%$0.823041
6.78%$0.368789
5.68%$10.63
7.90%$1.20
8.25%$2.90
8.78%$16.44
1.13%$0.03119057
3.88%$4.51
0.17%$0.00517057
-1.88%$1.059
-0.04%$0.084888
8.22%$195.59
7.30%$3,839.06
8.35%$1.85
4.18%$4,173.88
8.43%$0.573322
6.56%$120,690.00
1.96%$118.02
3.42%$5.03
3.12%$1.55
9.79%$12.05
2.55%$2.10
8.12%$0.998126
-0.09%$0.02094838
14.29%$0.999963
0.00%$1.047
8.82%$14.70
8.95%$0.897399
8.28%$0.086342
8.10%$0.786441
12.49%$4.66
6.77%$1.002
0.15%$3,907.19
8.17%$1.35
3.37%$0.00013711
3.02%$0.408774
8.02%$3,965.67
8.66%$3,607.77
1.53%$1.91
9.73%$3,862.16
8.59%$0.615581
13.57%$1.001
0.02%$120,302.00
1.52%$1.13
4.48%$0.113719
9.31%$1.14
23.50%$0.171907
12.49%$1.00
0.08%$206.55
6.84%$0.251706
7.82%$29.52
10.40%$748.75
5.08%$120,389.00
1.63%$2.76
9.66%$122,502.00
2.27%$0.939811
10.67%$3,336.36
-0.29%$0.593245
7.18%$0.02034354
11.66%$240.49
6.76%$1.11
0.03%$0.0183479
7.99%$0.999803
0.06%$10.91
63.76%$0.346101
9.67%$3,330.49
-0.20%$3.06
3.73%$0.952254
4.02%$0.141315
12.64%$3,669.97
8.76%$3,907.29
8.20%$3,822.26
7.79%$47.03
5.56%$0.719323
9.45%$4.42
6.06%$2.04
8.12%$0.00000073
4.48%$2.24
7.03%$111.83
0.01%$0.264374
-2.55%$3.74
14.06%$0.432653
7.66%$0.353078
10.81%$0.998877
0.04%$120,498.00
1.77%$0.474004
4.34%$0.00000167
2.28%$0.999863
-0.03%$0.065889
7.87%$0.01889048
-0.63%$3,669.89
8.70%$1.092
1.43%$0.24506
15.65%$0.00683839
8.64%$1.73
6.25%$0.00886231
0.52%$0.593322
9.43%$119,141.00
0.64%$29.88
3.38%$0.357655
3.23%$1.40
7.08%$0.00995469
13.34%$0.997756
0.01%$0.113021
13.71%$0.717891
7.91%$47.21
2.06%$3,898.82
8.44%$120,871.00
1.91%$3,661.42
8.50%$0.15489
8.75%$1.001
0.03%$4,044.43
8.58%$0.214029
11.36%$0.073916
3.22%$0.693076
5.91%$1.00
0.00%$7.89
5.83%$7.27
10.13%$0.432385
6.98%$1.16
0.06%$1.62
11.46%$54.30
9.78%$0.505821
0.23%$17.75
8.63%$3,635.31
7.71%$0.464587
0.50%$1.004
0.30%$4,003.23
8.35%$0.449077
3.06%$0.337917
3.93%$0.00000047
4.62%$2.81
7.81%$47.12
1.99%$0.064053
7.29%$0.00002323
5.00%$0.219633
0.71%$8.02
-2.84%$0.095974
10.49%$3,648.83
8.16%$0.04501007
7.67%$3,667.98
8.63%$10.75
0.01%$1.77
0.87%$0.00424091
3.66%$0.163138
6.22%$0.420221
2.78%$4,411.82
8.55%$0.00796482
8.33%$0.908396
5.27%$1.093
-0.05%$0.999835
-0.01%$1.005
0.36%$0.590606
6.76%$120,002.00
1.75%$0.00582274
2.28%$200.88
6.55%$1.001
-0.18%$148.74
6.06%$1.43
3.09%$0.390359
6.81%$30.39
10.92%$0.590777
6.35%$0.03918229
4.54%$0.999809
-0.02%$12.84
5.06%$0.01972961
4.36%$4.55
-11.36%$0.00006691
4.68%$24.96
10.76%$0.25266
9.45%$0.03410124
2.75%$120,623.00
1.71%$0.791226
13.79%$0.860012
5.19%$3,840.80
8.48%$0.771526
3.32%$0.0041929
7.68%$0.999981
0.02%$1.18
3.15%$20.79
-2.04%$0.336486
9.11%$0.00378158
-4.86%$4,132.57
8.80%$0.32568
-6.44%$7.62
9.30%$0.79138
10.43%$0.99903
-0.02%$1.001
0.13%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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