Bought MOONs on CDC a few days ago, here was my experience

Hello MOON enthusiasts!

2 days ago I decided to risk it all and buy $100 worth of MOONs on crypto.com. While doing so, I realized a few key points;

• $100 got me 258 MOONs. Yes, that’s around a 22% premium that I paid for the privilege of buying on CDC. (Liquidity is extremely low, that’s a rough premium)

• my current sell price, on my $100 purchase price is roughly $84. This has fluctuated since I first bought them, since my sell price immediately after purchase was $79.

Let’s just say, the spread for MOONs on CDC is unbelievably high and it’s a serious risk trying to purchase MOONs on there. This will likely be the same on any centralized exchange that lists it.

This was my science experiment, and it was worth the instant 40% haircut (current 30% 2 days and 1 bitsmart listing later), if I had just bought via SushiSwap. Ya know, for science.

posted a similar post to this a few days ago but it was removed due to the amount of posts in the top 50 about MOONs