Reddit r/CryptoCurrency Moon
By CoinGecko | Updated on May 14, 2020
Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency, and they represent ownership in the subreddit. Moons are ERC-20 tokens on the Ethereum blockchain (on testnet during beta stage). Users have full ownership and control of Moons which can be freely spent/tipped within the r/CryptoCurrency subreddit. Moons are distributed monthly using Reddit Karma as a basis for contributions.
Related Terms
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
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