U/icy_trip7568 and I were discussing usecases for moons and my reply ballooned up so much I decided to make it a thread. He speculated that $100 per moon wasn't out-of-the-question, given that it was a $10B market cap and that tokens like pepe, shib, etc. went to extraordinary valuations with little-to-no usecases. He's correct, I think but I also think it will be important to develop more and better usecases for moons than to hope for some kind of bubble. As a community, maybe there are enough of us who can contribute something to the effort to make moons something special!
So, here's the picture I see, re: moons and what they are worth:
1) Limited supply - 100M is already a low number (roughly equivalent to ETH and is half of BNB) which means there's definitely potential for it to hit double digits (and triple digits isn't pie-in-the-sky, necessarily, but is kind of a stretch given how few coins have ever hit $10B market cap)
2) Limited supply 2 - along with 100M, it has a ton of locked supply in accounts that either don't want to a) sell any until the peak bull run, and b) sell more than 25% so that they keep getting 1:1 rewards. Plus, there are more than a few accounts that don't know how to do it and are too scared to ask (lol).
3) Subscribers - millions of r/cryptocurrency subs but how many buyers of the coin? The pump was big but with such limited supply, it probably should have gotten higher than it did. Is it just a midpoint on the climb? Maybe... hopefully...but if it's not, then it's a clear sign of weakness... and why is it weak? Well,
4) Usecases - from coingecko: "they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls." I'll admit that I've considered getting the upgrade just so I can use gifs but no one should look at that list and say that it rivals any of the $1B+ cryptos (I know some people will say that it's better than Tron and/or Vet and/or however many other coins that are up there but it really isn't... yet...) Then, there's the banner, which is great for burning some moons, but the marketing offer is underwhelming versus what it could be (for instance, the sides of the web page could be offered as a separate ad space, there could be targeted ads that get stickied to the top or are promoted at various points in the thread list, and/or maybe even offer an e-newsletter to anyone who wants to sign up and do the "this email brought to you by" thing or simply let advertisers push their product(s) to the community). Other than that, there aren't any usecases that exist today -- I would have loved to be able to buy gen4 for some moons, for instance, as one example of something that seems like a no-brainer.
What Moons need to go big is either a huge speculative bubble or proper development beyond the current state of things. U/geolinear brought up a great idea which was a prediction market where moons were the currency of choice. I figure that would probably be a no-go on Reddit, due to the nature of prediction markets (I.e., gambling) but if a separate website were created, similar to Polymarket only instead of on Polygon it was on Nova, then it could be a huge driver for moons to reach another level of adoption! This and other ideas I haven't thought of are what moons need to go big. (That or speculative mania that leads to a massive depression in prices.)
What are some usecases (from this list or from somewhere else) that you think would help make our beloved moons a major success?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments