 | If you think this is just "another Moon post", you couldn't be further from the truth. Lets do a Deep Dive on why I'm bullish on the future of Moons. 1. Reddit Changing Terms of ServiceIf you weren't living under a rock you probably already know that Reddit updated their TOS to say that Moons and other Community Points have value and can be sold. This was discovered shortly after Reddit announced they were going to kill the existing Award system for something "More Valuable for Users". It seems like Reddit may be on the verge of embracing the existing Community Point system and finding other ways to incorporate it into it's business. An obvious way that could be done is through the Reddit Avatar MarketPlace that is being built, Reddit could allow sellers to list their Avatars for Community Points like Moons. Even More importantly the signal by Reddit gives users more confidence in Moons as a token and that Reddit plans on continuing to build as a Web3 company. 2. Current and Future Potential CEX Listings.Moons on Arbitrum Nova are a bit tricky for a Crypto Noob to Buy Especially when the primary way to buy is to use a DEX. CEX Exchanges handle all the challenges and make it easy for Increased Token Adoption. You likely already know that Crypto.com listed Moons, and although the system is not fully developed (limited purchases, no deposits, no withdrawals) CDC has told people they plan on expanding and fully fleshing out their Moon Listings. Now lets talk Kraken. As you likely know it was discovered Kraken was working on Marketing Material for a Moon listing, later it was also discovered that the page was over a year old and simply meant to be an unpublished draft. Seems simple enough, Kraken had considered listing Moons and created potential material for it - in case they do, but they never did. But there is actually more to the story, that hasn't been talked about. The Website was last updated on March 31st. 2023. https://twitter.com/unofficalMoons/status/1682688052018257920 That date might seems irrelevant, but Kraken rented the CryptoCurrency Banner from March 20th to March 26th. It was also widely expected by this sub that they would announce something regarding a listing at that time. Unfortunately the date came and went without any listing news, but by working on their listing page in the background five days later it suggests Kraken has been strongly considering it, not just a year ago when the page was published but also recently after they advertised with our Banner. It's not guaranteed that Kraken will do anything with moons, but with everything we know - I think an eventual listing is likely. We just don't know when that will be. 3. High Daily Trading Volume, and Increase Public AwarenessHigh Daily Trading Volume: Between August 2022, and July 14th 2022. There was only one two day streak where Moons had over $100K Volume on SushiSwap and seven total days of over $100K daily volume. We are now at a nine day streak of over $100K daily volume on SushiSwap. (MEXC and Gate Volume raises number significantly higher.) One of the biggest things people will tell you is Moons need Volume before an exchange would ever consider listing them, and right now we have that volume Increased Public Awareness: Ever since Reddit updated their TOS to say that Moons were tradable we've seen a barrage of media attention and a ton of media mentions. We used to get excited when we'd see media mentions once a month for Moons. Now we're getting multiple a day for days on end. Increased public Awareness is huge for Moons. It can lead to:
This list of three items isn't even comprehensive for all the reasons I'm Bullish on Moons. Banner Burns are huge, A governance token for the biggest CryptoCurrency Community is a huge usecase, the easiness for users to join the moon Community is huge, the decrease in Moons of every future distribution is huge. If you're new or if you've been here for awhile sit back, relax, and enjoy the view. [link] [comments] |
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