You can’t spend crypto? Redditor sells Moon tokens for rent

A Reddit user has sold his Moons to pay his rent.

A Reddit user named “satoshinakamoto7” claims he used his free MOON tokens to pay his rent for this month. It’s another sign that cryptocurrencies are starting to offer people real value.

In a post on Tuesday, satoshinakamoto7 said he used up all his cash savings and gold during the pandemic because he had no job for ten months. He then recalled that he had over 14,000 moons left.

The user explained:

“I have been wondering what to do about the rent for a week now. And just now I remembered I had over 14,000 moons here in r/cryptocurrency. Sold them and paid my rent. It was like a load off my mind. I can hardly find the right words for that feeling.”
At press time, the post had over 600 comments and 96 per cent upvotes.

The user did not specify how he sold the moons or for how much. But as we reported in one of our Reddit articles, it is very likely that these were sold on one of the secondary markets, possibly via the xDai blockchain. Although a Moon is currently worth around US$0.012 on Coingecko, the user may have fetched a higher price on secondary markets.

“I am grateful to this sub who tolerated my posts,” satoshinakamoto7 said. “You all put a roof over my head for a month! I am so THANKFUL!”

Moon is the official token of the r/Cryptocurrency subreddit, where everything related to crypto and blockchain is discussed. The token rewards users who are active in the community with posts and other contributions.

The r/CryptoCurrency community was founded on 11 March 2013 and has more than 1.2 million users. To date, over 48 million moons have been awarded as rewards.