Ever heard of Reddit MOON tokens? They're like a unique form of digital currency you can earn while hanging out on the internet. Think of them as a reward for being an active and cool member of a specific online community.
There's a massive online subreddit called r/Cryptocurrency where people discuss all things related to crypto. Within this community, they hand out special coins called MOONs to those who contribute by posting interesting stuff and leaving helpful comments.
Moon was launched in May 2020 and are an ERC-20 token on the Arbitum Nova. They are a means for users to be rewarded for contributions in r/Cryptocurrency. Moons are independent of Reddit and once earned, neither thee admins or the subreddit moderators cand remove them from users. They are distributed every month, and only in the r/Cryptocurrency subreddit.
Moon Storage
Since Moon is an ERC-20 token, they can be stored in any Web3/hardware wallet. To setup the vault, the user has to have the Reddit app installed onto their mobile phone and create the vault from within there. From the app, you will be able to generate a 12 word seed which can be used in your Web3/hardware wallet.
How to 'Farm' Moons?
- Moon distribution occurs every 28 days, and is based on the share of the subreddit's total karm a user has earned during this timeframe.
- Moons can be tipped between users using the send arrow within the vault.
- Moons can also be won in competitions such as Community Trivia, Cointest and Prediction Tournaments.
- To earn 'Karma'(upvotes) you have to be active and participate in discussions about cryptocurrency. This is the only way to farm moons. The r/Cryptocurrency subreddit currently has over 6.8 million members and is growing daily.
If you are a profilic redditer and hang out in the r/Cryptocurrency subreddit, it's an easy and semi-passive way to generate crytpo for free!
For more detailed information on the inner workings of how Moons are distributed, check out the Moons wiki page.
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