Who said you can't spend crypto? Redditor sells free Moon tokens to pay rent
Who said you tin't spend crypto? Redditor sells gratuitous Moon tokens to pay rent
This Reddit user has found a unique mode to make ends meet during the pandemic.
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A Reddit user by the proper noun of "satoshinakamoto7" claims to take used their free MOON tokens to pay this month's rent, offering some other sign that cryptocurrencies are beginning to add real value to people's lives.
In a post that appeared on Tuesday, satoshinakamoto7 said they had burned through all of their cash savings and gold during the pandemic after being without a chore for 10 months. That'south when they remembered that they had over fourteen,000 Moons in their possession.
The user explained:
"I was wondering what to do for the rent, for a week at present. And just remembered I had over 14000 Moons here in r/Cryptocurrency. Sold them and made my rent. It was like a stone lifted out of my chest. Non able to find the right give-and-take for this feeling."
At the time of writing, the post had over 600 comments and an upvote rate of 96%.
The user didn't specify how the Moons were liquidated or the sale price, but if our previous Reddit story is any indication, there'south a good chance they unloaded them onto secondary markets, possibly using the xDai blockchain. Although the value of i Moon is currently pegged at around $0.012 on Coingecko, the user may accept been able to sell their handbag at a higher price on secondary markets.
"I am grateful to this sub, who have tolerated my posts," satoshinakamoto7 said. "You all have put a roof over my head for a month! Grateful!"
Moon is the official token of the r/Cryptocurrency subreddit, which is dedicated to discussing all things crypto and blockchain. The token rewards active users who contribute to the community through posts and other forms of engagement.
The r/CryptoCurrency community was created on Mar. 11, 2013 and has more than one.2 million users. Over 48 one thousand thousand Moons accept been rewarded to-date.
Source: https://cointelegraph.com/news/who-said-you-can-t-spend-crypto-redditor-sells-free-moon-tokens-to-pay-rent
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