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
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
Peer to Peer
A communication protocol that does not require a central hub
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
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