A Reddit user made over $24,000 worth of bitcoin this way
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Answer A Reddit user made over $24,000 worth of bitcoin this way
A Reddit user told his story of converting his moon coins to Bitcoin and how he was able to earn rewards for posting funny pictures and posts on Reddit.
A 31-year-old Reddit user called “Cryptorich13” previously told that he owns more than $150,000 worth of Bitcoin.
Recently Spread How he converted the cryptocurrency “moon” he received as a reward from “reddit” in exchange for bitcoin and received the amount of 24 thousand dollars.
It is worth noting that Reddit’s “moon” cryptocurrency was launched earlier this year, an ERC-20 cryptocurrency given to those who contribute to the r/CryptoCurrency division.
When a user writes a post that others like, endorse, and the more posts are voted on, the more Moon rewards will be.
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Cryptocurrencies “moon” can be used to add a vote and opinion poll on the platform.
User “Cryptorich13” tells user that his posts are very popular, he has earned more than 80,000 Moons since 2017.
His posts include many things such as investment tips, funny pictures…
Moon was only usable in the beta version of Ethereum until July, when developer Austin Griffiths devised a way to transfer cryptocurrencies from one blockchain to another.
By using the “MetaMask” wallet, the digital currency “Moon” can be sent to the “xMoon” platform created by Griffith and operating on the “xDai” blockchain, which is a different version from the “DAI” blockchain.
Moon coins can then be exchanged through the decentralized exchange Honeyswap for DAI or MKR, and then it becomes easy to convert them to Tether or Bitcoin.
User Cryptorich13 said in his post that he sold and used the money he earned to reinvest in Bitcoin, writing:
I got 80,000 Reddit coins earlier this year which I sold on Rinkeby using xDai and Honeyswap and instantly bought BTC with 0.92 BTC to be exact.
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Now that the bitcoin has gone up, I have literally earned $24,000.
The Reddit community reacted differently to what Cryptorich13 posted.
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