We’re thrilled to announce that the @Grok_API Kickstarter has concluded and #GROKAPI will be listed on #MEXC!
🔹Deposit: Opened
🔹GROKAPI/USDT Trading: Dec 19, 09:00 (UTC)
Details: https://t.co/V1xJ78z8jw
JUST IN: REDDIT TO BURN 34% OF $MOON SUPPLY
- The @Reddit associated $MOON token surged more than 200% in just a few hours, following an update released by mods on the Reddit platform itself.
- The update, which includes a “plan forward” for $MOON, is set against a backdrop of community outrage at the company’s recent abandonment of its #cryptocurrency initiatives.
Key Tenets of the Update…
- Reddit admins will renounce control of the $MOON token contract - something which will occur by the end of November. But what does this mean…?
◽ No new $MOON can be created, effectively hard-capping its supply.
◽ Contract becomes un-editable, making it thereafter fully decentralized.
◽ @Reddit will burn all $MOON in the ‘Community Tank’, permanently reducing the token’s supply by 34%, to just ~83.2M tokens.
◽ This will mean that $MOON ceases to be an inflationary asset, and becomes deflationary/static.
The New Plan for $MOON…
- The post also clarifies Reddit’s intention to “work with the community to develop a plan forward for Moons”.
- This will involve the proposed distribution of $MOON tokens in the “community wallet”.
- There are also plans to re-introduce $MOON holdings displayed next to usernames, as well as $MOON tipping functionality.
- The mod team will also be working to expand and redevelop the wider utility of the $MOON token.
#CryptoNews #Ethereum #ETH #Reddit #MOON #Memecoin
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