The Moons token, associated with Reddit crypto community, recently experienced a significant 130% increase following an announcement by moderators.
Specifically, the latter unveiled a “plan forward” for Moons, which includes the implementation of a hard limit on bidding.
In addition, Reddit administrators declared a “renunciation of the Moons contract,” thus proceeding to fully decentralize the token and burn a portion of its offering.
See below for all the details.
Moons’ “plan ahead”: new prospects for Reddit’s crypto
As anticipated, the Moons token associated with Reddit’s crypto community marked a remarkable 130% increase following an announcement by community administrators about a “plan forward” for the token.
Specifically, this plan includes imposing a hard limit on supply. Currently, MOON’s price is just below $0.13, up 133% on the day, as reported by CoinGecko.
In detailing the update, the moderating team reported that “Reddit admins will give up on
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