- You’ll be an upstanding Redditor and earn crypto rewards.
- How a lot you earn will depend on your karma ranking.
- In addition to money, r/CryptoCurrency’s MOON tokens can also be redeemed for account options and a say at some point of the subreddit.
Jokes, quips and pointers can earn you a snappy dollar on Reddit’s cryptocurrency discussion board. As of this month, every 33.22 Reddit karma earned at the r/CryptoCurrency subreddit makes you a buck, in step with a desk and chart posted these days.
On Reddit, karma is earned when different customers upvote posts and feedback. The crypto enthusiasts over on r/CryptoCurrency have discovered a solution to tokenize that gadget, and in Might 2020 introduced MOON, an token this is awarded in share to the karma earned every month.
At this time, you wish to have 10.95 MOON tokens to earn a buck, in step with CoinGecko. Which means, when you’ve been an upstanding redditor, your 33.22 karma ranking is lately value virtually 11 MOONs, however that quantity isn’t mounted. In October 2020, customers handiest wanted 1.71 karma to earn a buck’s value. Closing month, keen crypto redditors wanted 69.01 karma to get that buck.
You’ve been ready to transform MOONs to money for approximately a 12 months, however you’ll have to transport them from their present local blockchain—the Rinkeby testnet—onto the sidechain xDai. It’s now not simple.
That’s in large part for the reason that r/CryptoCurrency tokens are nonetheless being examined, and are designed to be used inside the subreddit. Redditors are inspired to make use of their hard-earned MOONs to buy particular memberships to the subreddit.
With the club, customers can upload GIFs to feedback, purchase particular badges and awards, tip different customers and participate in polls to fortify the subreddit, the place a member’s clout is weighted via what number of MOONs they’ve earned.
The availability of MOON is capped at 250 million tokens. In October, the subreddit to start with allotted 50 million moons—the prime quantity factored karma earned as much as that time. Every other Five million had been launched subsequent month, and every month the distribution decreases via 2.5%.
MOONs aren’t the one ERC-20 tokens you’ll earn thru Reddit. Guests to r/Fortnite, a subreddit devoted to the Struggle Royale recreation, can earn BRICK tokens every month with their karma.