Reddit r/CryptoCurrency Moon
By CoinGecko | Updated on May 14, 2020
Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency, and they represent ownership in the subreddit. Moons are ERC-20 tokens on the Ethereum blockchain (on testnet during beta stage). Users have full ownership and control of Moons which can be freely spent/tipped within the r/CryptoCurrency subreddit. Moons are distributed monthly using Reddit Karma as a basis for contributions.
Related Terms
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
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