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One Redditor disclosure how he turned all his Moon token into over $24,000-worth of Bitcoin price from memes and shitposting

An experienced investor said on Reddit that he turned his Moon tokens into Bitcoin to reap rewards – all from “meme and shitposting”. That Bitcoin price is now worth over $24.000.

One Redditor disclosure how he turned all his Moon token into over $24,000-worth of Bitcoin price

31-year-old Reddit user Cryptorich13, claiming to hold more than $ 150,000 in Bitcoin, said in a post yesterday that he sold the Moon token earned for Bitcoin. Thanks to the skyrocketing Bitcoin price, his earnings from posting on Reddit now reach over $ 24,000.

Moon, launched earlier this year, is an ERC-20 token awarded to contributors to the r / CryptoCurrency portion of this social media site. The token runs on a test version of Ethereum called Rinkeby When a user writes a post that others like, they upvote it. The more posts that are supported, the more Moon a user gets. Redditor could use Moon to add weight to votes in platform polls or tipping other users.

Cryptorich13 insists his posts are very popular and have earned over 80,000 Moon since 2017. Those posts include anything from ruthless investment advice (“Family, friends, loved ones should be put on the backburner this year”) to funny Bitcoin memes.

Moon was only usable in the beta version of Ethereum until July, after developer Austin Griffith created a way to move tokens from one blockchain to another.

one-redditor-disclosure-how-he-turned-all-his-moon-token-into-over-24000-worth-of-bitcoin-price

Some of the tools he used to trade crypto | Source: Reddit

According to the instructional video, although a bit complicated, the gist is this: using the MetaMask wallet, you can send Moon to an exchange created by Griffith – the xMoon exchange. From there, Moon will be on the xDai blockchain, another version of the DAI stablecoin blockchain.

When Moon switches to the xDai blockchain, they become xMoon. Once users have them, they can swap out the decentralized exchange Honeyswap for other tokens – such as DAI or MKR – and then sell for cash through another exchange.

Cryptorich13 stated in his post that he sold them and used the cash he earned to reinvest in Bitcoin:

“I was awarded 80k Reddit moons earlier this year which I sold on the Rinkeby testnet using xDai and Honeyswap and immediately bought BTC with it (0.92 BTC to be exact). I have literally made $24k from memes and shitposting.”

Cryptorich13 added that Bitcoin’s price increased since he wrote the post. At the time of writing, 0.92 Bitcoin is worth $ 24,561.

His post drew a lot of comments, of which user salil19 wrote:

“0.9 BTC is crazy to get for shitposting.”

Another person named HashMoose commented:

“As a moon holder it almost hurts me to upvote this.”

You can see the BTC price here.

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