.Reddit's MOON token has surged 170% in the last few days. The rally comes days after a Reddit post speculated that changes in the social media giants' terms of service would make community token trading easier. By godbole17.
in the r/CryptoCurrency subreddit said Reddit's terms of service have changed, allowing the trading of verified virtual goods like avatars and Reddit's community points.
Per Coingecko's co-founder and COO, Booby Ong, the speculation about impending changes to Reddit has driven the two tokens higher. "Reddit's Terms of Service recently changed where it now explicitly allows for trading Reddit's tokenized Community Points. The change also goes alongside the removal of Reddit's non-tokenized Coins and Awards. No firm changes have been announced for Reddit's Community Points yet, but the community is speculating that Reddit will give more attention to the Community Points.
Note that community points have always been tradable, but it's troublesome to trade those through the Reddit app, per ONG."It's easy to send CPs to other Reddit users from the app, but to trade them, one has to export the private key from the Reddit wallet and import it into a crypto wallet. Then trade the CPs on an Arbitrum Nova DEX," ONG said in a
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Burns 915 Million SHIB Tokens in Epic Week, Here's ImpactShiba Inu: 915 million SHIB tokens burned within week ShibArmy $SHIB SHIBCommunity
Read more »
Reddit search is a little broken right nowYou may not be seeing as many results as you expect.
Read more »
Reddit Just Deleted Every Message You Sent Before 2023Reddit did inform users that they'd be deleting chats prior to 2023 on June 30, but buried the messaging at the bottom of a post on the platform's subreddit.
Read more »
Shiba Inu Burn Rate up 6,546%, What Will Impact Be on Price?Total of 82 million SHIB tokens burnt at massive 6,546% burn rate
Read more »
Science news this week: Civil War haul and the moon’s hot blobJuly 16, 2023: Our weekly roundup of the latest science in the news, as well as a few fascinating articles to keep you entertained over the weekend.
Read more »