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regarding shitcoins... the birth place of dogecoin, Reddit, has been doing some interesting things during this bear market.
1) shitcoin intended for specific subreddit. The most trade and track token is the /cryptocurrency MOON token. You get rewards these token by contributing to the subreddit. Supply is capped and is currently trading at 0.09 cent. As of now you can trade these token for coins to reward other redditor, buy awards etc. But Reddit has drop hints they plan implement ways for token holder to directly influence the subreddit they belong to. The most obvious one being ad space that can ONLY be purchase said subreddit's token. Why is this significant?
/Crypocurrency is one of the biggest gathering place for crypto heads. Even more so during a bull run. Imagine holding a token that will be REQUIRE to advertise on this subreddit.
2)NFT intergration into the platform. Okay I know most people still don't understand NFT/ dont care/think it is a scam. Reddit secretly drop their customizable avatar collection as NFT (note they did not use any crypto lanuage in their marketing, its simply collectible avatar). The demands has been crazy for the collection, generation 1 took 2 months to sell out and the new generation 2 sold out in 24 hours. Why is this significant?
/Crytocurrency was the biggest critic of NFT, that subreddit HATED NFT. They are now in love with the avatar collection and has kind of spark a mini craze. The same usage case the communtiy use to laugh at (profile pic utility lol) is now finally being seen as mainstream adoption. Some people rocking these avatar have no idea they are NFT
All very interesting to say the least. Reddit seems to understand the dynamic of Crypto and NFT and its is very encourgaing to see them take their time on everything
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