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#SAFE MOON CRYPTO SOFTWARE#

Take part in polls to improve the subreddit, weighted by the amount of tokens users have earned in their Reddit account’s lifetime.Benefits include special loyalty badges and receiving the ability to reply using gifs and animated emojis, among other things. Buy a special membership to the r/Cryptocurrency subreddit, which costs 1,000 MOON per month.Once Redditors receive MOON tokens, they may use them to: Like many other cryptocurrencies, the supply of MOON is limited, meaning that according to the software’s rules, there will only ever be 250 million MOONs.

Over time, the amount of monthly tokens released will decrease until 250 million MOONs have been distributed. Reddit will then go on to distribute an additional 50 million tokens in the first year, distributed monthly. On the day of the launch, users will want to have their Vault set up to receive a portion of the 50 million distributed tokens. RCP tokens are designed to align the interests of users, advertisers and the platform itself. Of note, Reddit has access to the ledger balances of RCP tokens, meaning that they can use a Redditor’s public address to check their balance and send them rewards. Similar to any cryptocurrency wallet, Vaults generate a public address, where the MOONs are stored, and private key, which lets users access and utilize them. Vaults are only accessible through Reddit’s mobile applications. The Vault is a way for Redditors to view their MOON balance and spend them on various offerings. Reddit also set aside a certain number of MOON to distribute to the community moderators who manage the subreddit and to Reddit itself.

#SAFE MOON CRYPTO SOFTWARE#

Reddit will initially release 50 million MOON tokens to the community, with each Redditor receiving some based on the amount of karma earned in the subreddit to date.Īccording to the software rules, there will be a set number of tokens distributed monthly using the same method. If you are an active user, you can earn MOONs from the protocol itself, based on the amount of karma points you generate, or via tips from other Redditors. This could be anything from original posts to commenting on other people's content. Redditors earn MOON tokens based on the content they produce on the r/Cryptocurrency subreddit. The subreddit is supported by various developers, and Redditors communicate by mostly sharing trading tips, humorous content and general news associated with cryptocurrencies.

Pseudonymous (nothing connects an RCP token to the identity of a Redditor).Īccording to r/Cryptocurrency guidelines, all posts in the subreddit need to be cryptocurrency related, or associated to the culture in some way.

Interoperable with all other Ethereum applications and assets.

MOON is the official cryptocurrency of the r/Cryptocurrency subreddit, dedicated to the news, discussions and analysis of cryptocurrency. RCP tokens run on Ethereum, making Reddit cryptocurrencies real cryptocurrencies. The r/Cryptocurrency subreddit has announced MOON, detailed below, and the r/FortNiteBR subreddit has announced BRICK, detailed here. To date, there are two subreddits that have launched their own Reddit cryptocurrency. So, if a subreddit you follow supports RCPs, this means you can begin to earn cryptocurrency by engaging with its content and community. The difference between RCPs and karma points is that RCPs are crypto assets that have a monetary value that’s decided by the market. While a newer feature, RCP tokens are similar to other incentives the company has offered in the past that enable users to earn rewards for their reputation and contributions.įor instance, you might have earned “karma credits” in response to comments or commentary. If you’re already a Reddit user, you likely know the website is composed of thousands of custom forums called subreddits, which allow users to discuss topics via moderated message boards. In fact, the social media giant will launch a new feature called Reddit Community Points (RCPs) in 2020 as a way to reward its millions of content creators.