Even though Reddit has announced it would be winding down its crypto reward scheme, if you still have some r/CryptoCurrency Moons (MOON) sitting around and want to turn them into crypto or cash you can—but you only have this week to do so.
Launched back in 2020, MOON is a cryptocurrency running on Ethereum’s blockchain. The tokens were awarded to those who contribute to the cryptocurrency section of the social media site.
But Reddit said it was scrapping the idea last month and as a result, the price of the asset has plunged: it’s down nearly 70% in the past 30 days, CoinGecko data shows.
As as of this week, users won’t be able to send the tokens within the app.
Though it’s not all bad news. Users still have a few days to back up their seed wallet and put their MOON in another wallet (MetaMask is the best bet) where the asset could be converted into something more valuable.
Here’s how to do it.
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Author: Mathew Di Salvo
Tip BTC Newswire with Cryptocurrency