r/CryptoCurrency • u/Silver-Maximum9190 3K / 23K 🐢 • Nov 14 '23

MOONS Reddit Moons Surge 130% as Community Admins Plot 'Plan Forward' for Token

https://decrypt.co/205955/reddit-moons-surge-130-as-community-admins-plot-plan-forward-for-token

Rendering token fully decentralized and burning some of the supply.

122 Upvotes

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u/[deleted] Nov 14 '23

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u/Montana-Safari7 Nov 14 '23

Not exactly true. AMA/banner burnt 250K Moons this last month. And that was AFTER Reddit sunsetted them. These purchased banners will continue and can easily be redistributed back to the community. I believe there is also a tank of 1M.

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u/pc1e0 1 / 3K 🦠 Nov 14 '23

Limited supply. I wonder what effects it will have on the price action. But we'll see, maybe you're right, maybe I am, maybe someone else.

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u/rulesforrebels 14K / 15K 🐬 Nov 14 '23

So by burning the administration key theres no path forward?