The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Social Giant Reddit Launches New Cryptocurrency on Ethereum

by Daily Hodl Staff
May 14, 2020
in Ethereum
[the_ad id="93550"]

Reddit is launching a new cryptocurrency called Moon that can be used to reward contributions in the r/CryptoCurrency subreddit.

Moons are ERC-20 tokens issued on the Ethereum blockchain. They can be transferred, tipped and spent in the subreddit through Reddit’s iOS or Android app.

Reddit says Moons are decentralized and not controlled by Reddit or community moderators, so users can have true ownership of their assets.

“Initially, 50 million Moons will be distributed based on karma earned in the subreddit to date. The amount distributed each following month will start at 5 million and decrease by 2.5% every cycle, so that the total number of Moons distributed over time will approach a maximum cap of 250 million.”

The social user-generated content network says the first Moons will be distributed to active contributors who have amassed at least 100 karma in the r/CryptoCurrency community. Karma is earned by creating popular posts and comments.

Moons will be gradually rolled out over the next two days and the feature will remain in beta testing throughout the summer.

[the_ad id="95413"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
  • TAC Token Debuts in TVL As TAC Mainnet Goes Live With Leading DeFi Protocols
    July 15, 2025
  • Playnance Launches G Coin – A Next-Gen Crypto Asset With Real Daily Utility and On-Chain Scarcity
    July 14, 2025
  • BSGM Engages CXG To Acquire FINRA/SEC-Registered Broker-Dealer To Expand Publicly Traded RWA Tokenization Operations
    July 14, 2025
  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$116,555.23
$116,555.23
3.09%
Ethereum
$3,049.56
$3,049.56
1.37%
BNB
$685.73
$685.73
0.79%
Solana
$160.95
$160.95
1.42%
XRP
$2.88
$2.88
1.47%

Spotlight

  • $100,000,000 Stolen From Central Bank of Brazil in Single Night After Alleged Insider Sold Credentials to Hackers: Report
    July 8, 2025
  • Alleged Mastermind Behind $30,000,000 Scam That Targeted Elderly Americans Arrested: Report
    July 8, 2025
  • Analyst Predicts Imminent All-Time Highs for Bitcoin, Sees One Memecoin Igniting BONK-Style Explosion
    July 8, 2025
  • $26,501,817,432 in Bitcoin Gobbled Up by Public Companies and Exchange-Traded Funds in Q2 of 2025, According to Analyst
    July 8, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl