Contrary to Reddit’s obvious desires, cryptocurrency traders have developed a method for exchanging the platform’s paper social point tokens, resulting in a somewhat unexpected market value.

In May, Reddit announced that it would begin distributing ERC-20 bonus tokens on the Rinkeby Test Network to cryptocurrency users and Fortnite subgroups in the form of LUNs and BRICKS. Tokens are distributed according to the user’s contribution to the relevant subreddits. …

XMOON pairs appeared on the xDai Honeyswap exchange network last week after Reddit introduced a feature to convert satellites into “coins”.

MOON holders can now trade tokens by converting them to xMOON via, then swapping xMOON for xDAI, which can be converted to DAI 1: 1 stablecoin via Honeyswap.

Crypto Community Reddit Token is currently moving to Honeyswap for $ 0.088 xDAI. Over the past 24 hours, xMOON pairs have raised $ 174,000.

According to Etherscan, more than 30,000,000,000,000,000,000,000,000,000,000 (30 septillion) MOONs have been distributed to nearly 7,800 titles, which means that the token has a market value of around $ 2.66 sb.

On the other hand, the value of the entire global economy was about $ 133 trillion in 2019, indicating that the establishment of the Petroleum Development Oman increased the value of the global economy by about 2 trillion percent. Who Said that cryptocurrency is harmful to the economy?

After trading around $ 0.015 in the first two days of trading, XMOON rose to a record high of $ 0.35 on September 26, before returning to $ 0.055 by September 30th.

xMOON / xDAI: honey exchange
Reddit is currently running a competition for developers working on scaling solutions that could facilitate the launch of platform tokens on the Ethereum (ETH) mainline network, ideally by 2021.

Source: CoinTelegraph