{"id":143566,"date":"2020-12-29T19:43:41","date_gmt":"2020-12-29T16:43:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/redditor-memes-his-way-to-25k-in-bitcoin-profits\/"},"modified":"2020-12-29T19:43:41","modified_gmt":"2020-12-29T16:43:41","slug":"redditor-memes-his-way-to-25k-in-bitcoin-profits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/redditor-memes-his-way-to-25k-in-bitcoin-profits\/","title":{"rendered":"# Redditor memes his way to $25K in Bitcoin profits"},"content":{"rendered":"

“# Reddit<\/a>or memes his way to $25K in Bitcoin profits <\/strong>”
\n<\/p>\n

A Reddit user by the name of Cryptorich13 has capitalized on the social media platform\u2019s crypto reward system by converting his stash of free coins into Bitcoin (BTC).\u00a0<\/p>\n

In a Sunday post<\/a>, Cryptorich13 explained how he converted his 80,000 MOON reward for Bitcoin\u00a0earlier this year. The value of his holdings has ballooned following the latest Bitcoin price pump. He said:<\/p>\n

\u201cI shitposted a lot in 2017. 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).\u201d<\/p><\/blockquote>\n

Cryptorich13 claims to have unloaded his 80,000 MOON for DAI at an average price of $0.08 to $0.13 a token over a 24-hour period in late September. From there, he converted DAI into Bitcoin. The entire process was documented<\/a> on the Warosu image board. <\/p>\n

At the time he published the original Reddit post, his Bitcoin stash was worth $23,736 based on a BTC price of $25,800. In a later edit, his 0.92 BTC was worth $25,576. <\/p>\n

At the time of writing, MOON was worth around $0.01, down 15% on the day, according to Coingecko. It should be noted that the Coingecko data feed tracks MOON values from late-October onwards.\u00a0<\/p>\n

Reddit MOON is the official cryptocurrency of the r\/Cryptocurrency subreddit, a platform dedicated to news<\/a>, discussion and analysis of all things related to digital assets. The token rewards active users for their contributions to the subreddit. According to community guidelines, all posts in the subreddit need to be crypto-related or associated with the culture in some form or manner. <\/p>\n

MOON is part of Reddit Community Points, or RCP, a rewards program that was introduced earlier this year to incentivize content creation on the social network. RCPs are Ethereum (ETH) tokens that are interoperable with all other ETH app<\/a>lications.\u00a0<\/p>\n

To date, only one other subreddit has launched<\/a> a cryptocurrency via the RCP program. The r\/FortNiteBR subreddit introduced the BRICK token earlier this year to reward users for their contributions to the community.\u00a0<\/p>\n