Just bought MOONs on CDC, here is my experience

Hello my fellow Cryptocurrians,

Today 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 $79. This is basically in line with the 22% premium I paid, so I am not too shocked at that sell price.

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, if I had just bought via SushiSwap. Ya know, for science.