 | I'm not saying invest all your time into getting Moons but having some may be a good ideafor the future
In the past years, currently, Reddit has more than 1.5 billion registered users, 430 million users are active monthly and another 52 million of them use the site daily. More and more people are joining reddit as it's anonymous and Reddit IPO is also coming in the future and it will put reddit in spotlight.
Idea of getting something in return for contributions is fundamentally different from any other model that big companies have
It is clear from this quote what Reddit goal is ultimately. People generating wealth on reddit Moons have so much room to grow, dogecoin went from 300m to 90b, a 300x during the last bullrun. I am not saying Moons will reach that mcap but if Moons were to do 300x it would put them at much lower mcap. Which is much easier than what Doge pulled. In next bullrun with future market growth, baseline for any serious crypto project will be well above 100m. If Moons had SHIB ATH mcap 1 Moon would be worth $400, if Moons had current shib mcap they would be worth $60. Moons are now listed only on MEXC and Gate io. Binance, Crypto. com, Coinbase, Kucoin have yet to list them and Kraken already a page on moon
Moons have a use case, same as with the reddit NFTs, it's tied to reddit but it's unique in a way it can change the way we see and use social apps. It's a governance token of the biggest crypto community on the internet that's been growing rapidly. Renting banner, getting reddit NFTs and whole future ecosystem developing around moons and reddit community points will be interesting to watch it form
I saw many people raise concerns that there will be many tokens like this, well not all subs will adopt crypto and those who come in first are the most recognizable. Surely many subs tokens won't take off, and there will be only several highly successful, but moons are the frontrunners just like reddit is frontrunning web3.
We saw reddit subs go vital many times, r/wsb and whole GME happening was CRAZY, subreddits can be very powerful when united behind a common goal. Imagine when People hear that some put down payment on their house, bought a car, a bike etc. Waves of people would join and try to fight to earn Moons, which would make the ratio go down significantly along, and Moons will be scare and much harder to earn. We already saw Moons help people help their families in 3rd world counties, buy lap tops for school, take kids for birthday trips, buy gifts and even help people in 1st world countries going through rough patch. Moons decay rate is 2.5% until it reach a steady inflation of %1. That inflation is small and we will probably only reach it in 10 years. Since many Moons went unclaimed we won't reach the original 250m hard cap in another decade. We are still very early for Moons [link] [comments] |
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