In this age of cryptocurrency, we are seeing a lot of new names that can compete with Bitcoin and other similar stalworth coins. So, on this note, Reddit Moon has emerged and has gained wonderful reception from people. The developers launched this last year in 2020 June. R/Cryptocurrency has now seen Moons or Moon which is part of a new community points model in Reddit. So, we know that Reddit is a website or a platform where users can post on various topics.
In fact, it’s a public forum where we can see a lot of forums on various topics. Moreover, in Reddit, there are a lot of subreddits and one of the subreddit is r/Cryptocurrency whose Moon token has become a lot popular.
The specific subreddits of the Reddit website can be used to explore various topics. Moreover, you can call people who use Reddit as Redditors. So, we can see that this website is one of the best sites if you want to build a community and hang out. More than hangout you can also talk about issues and get solutions as well. Currency, the Reddit Moon worth stands at $0.24 per token with a supply of around 245-250 million. Moreover, it also has a market cap which is around 60 million dollars.
So, in this article, we shall talk about the Reddit Moon token and how it has attained such a wide reception from its users.
Moon Token: A Short General Observation
So, we know that Reddit Moon is the official cryptocurrency of the subreddit that’s name is r/cryptocurrency. Like any other Reddit community points token, this one too has ERC 20 token that is available in the Ethereum network. So, in this way any person can easily verify the Moon token ownership on the blockchain on Ethereum.
Moreover, it’s also worth adding that it is Smart contracts that handle Moon token functions and reduce the possibility of dangerous actions. So, how does it even benefit you? Well, Redditors can easily trade the Moon tokens and then use them for specific purposes in the community.
If you still can’t understand, then let’s explore the Reddit Moon worth in a nutshell.
- With these tokens, Redditors can purchase a special membership to the r/cryptocurrency subreddit if they spend about 1k moon per month. So, this membership will allow you to use a username with colors. In addition, you will also get a loyalty badge that you can flex. Furthermore, you will also be able to post comments in the subreddit using GIFs and Emojis.
- Users of Reddit can also use these Moon tokens to buy stylish badges and awards. We know that if you like a post on Reddit then you can give an ‘award’ to that specific thread as a way of reaction.
- If you have Reddit Moon Tokens then you can also participate and give a vote for the governance on the subreddit. In addition, you can also get the authority to vote on how you want the subreddit to improve. The voters will carry weight depending on the number of tokens they have.
- If you have Moons as tokens then you can also use them as gifts. In other words, you can give those tokens as tips and send them to the other Redditors for their content on the subreddit.
Ways to Get Moons
So, do you want to get Reddit Moon tokens and avail of exciting deals? Well, there are a lot of benefits to having these crypto coins and you can also use them however you like. So, now that we know Reddit Moon worth, it’s time to see how you can easily acquire them.
- First of all, you need to make a Reddit account and submit an application in order to get the moons.
- If you are an existing user then you must know about Karma points that a Redditor gets through upvotes and original posts. So, did you know that you could even use these karma points to good effect?
- Apart from Karma and submitting an application to get tokens, you can also get them for free. So, once every four weeks, based on how many karmas a Redditor has earned, the cryptocurrency subreddit can distribute Moon tokens.
A Few Rules on MOONs
So, if you wish to get Reddit Moon coins, then there are a few things that you need to know. If you are a new user then you should not comment or submit threads once you join in the R/cryptocurrency because it will be spam. So, you should stay in the subreddit for a period of time before you can actually make a new post or comment.
A new Redditor must contribute to other subreddits as well for a period of time before they can meet the requirements in the subreddit. Currently, you need to have at least 50 comment karma and your account should be around 30 days or more if you wish to comment in the subreddit.
How It Has Surpassed Dogecoin
So, this may actually come as a surprise to many but it’s the truth. As per the reports, Moon tokens have managed to surpass the price of Dogecoin. So, we can see that this token of r/Cryptocurrency has met tremendous growth over the years.
It’s because of such growth and development that Reddit Moon is worth more than the Memecoins. It has seen exponential growth after the announcement of a new scaling network by project devs.
About a month ago we saw the price of the Moon coins at around $0.06 while the price of the Doge coin remained at around $0.25. However, it lost momentum soon after, and then Moon coins came to the fore.
In other words, Dogecoin lost about 60% and despite the recoveries along the way, the price of r/cryptocurrency Moon tokens surged even further. As the crypto market saw a decrease in prices, Doge wasn’t left out from this either. However, on this same note, Moons continued to grow and toppled Doge.
Predictions & How It Will Do In Future
While it’s a great cryptocurrency indeed, there’s not a great value to them as they contain no purpose other than to be used as a reward. Despite that, Reddit Moon tokens have attained a great market and a lot of people are thinking about investing in them.
Conclusion
At the end of the day, we managed to learn a lot about the new Reddit Moon coins and how it has surpassed one of the top dogs for sure. Moreover, we could also provide you with answers on how you can get the tokens and make use of them. In this age of cryptocurrency, it’s always great if you have the potential to take some risk. If you invest in a token as a Moon, then you will surely go to the Moon.
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