How to trade Reddit's $Moon tokens
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📣 We just enabled $Moon trading on SushiSwap! 📣
💡 What are Moons?!
Moons are an ERC-20 token on Arbitrum Nova launched by Reddit admins in May 2020 as a part of the Community Points project. They are a means for users to be rewarded for their contributions in r/CryptoCurrency with a unit of ownership in the subreddit. Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from users. Moons are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships.
🌕 How to trade $MOON on Sushi
Get the Metamask wallet browser extension at https://metamask.io/.
Buy ETH at any fiat-token gateway, and send ETH to your Metamask.
Head over to https://bridge.arbitrum.io/?l2ChainId=4217 to bridge your ETH from Mainnet to Arbitrum Nova.
Head over to app.sushi.com/swap to swap from ETH to MOON.
Confirm your swap.
Add $MOON token to Metamask.
Copy your vault address from Reddit app account settings.
Open your Metamask and send tokens to your vault.
You should see your tokens in the vault now!
💡 Bonus 2: Buy r/CryptoCurrency Special Membership with $MOON Simply go to https://www.reddit.com/web/special-membership/CryptoCurrency and use your new $MOON tokens to enable your Membership!
🤝 How to sell your $MOON to ETH or Stablecoins
- Install Metamask - https://metamask.io/.
- Transfer your $MOON from the Reddit vault to your wallet, by copying your seed phrase into Metamask.
- DO NOT share this phrase with anyone! These words can be used to steal all your accounts. You can't edit or change your secret recovery phrase.
Search for Arbitrum Nova on http://chainlist.xyz/ and add it to your list of Metamask networks.
Head over to app.sushi.com/swap to trade your tokens.
Confirm your swap - that’s it!
ℹ️ What is SushiSwap?
Sushi is a decentralized exchange, we aim to be a one-stop shop for all your decentralized finance (DeFi) needs. Sushi allows users to trade cryptocurrencies without the need for a central operator administrator. We use a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.
💬 Still got questions?
Sushi is building a comprehensive DeFi ecosystem with AMM, leverage & margin trading platform, token launchpad and NFT artist platform. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!