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MOONs are boosting crypto learning curve that leads to mass adoption!

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by COINS NEWS 120 Views

Hi there fellow moonshiners!

I have some news for you if you didn't know already. MOON distribution among us folks here who post all day is getting us closer to mass crypto adoption and here's how and why, even if it may seem Aerospace Engineering stuff for some.

The newb & CEX'es

First of all, i was a complete newb in regards to whatever it was outside an Centralised Exchange! I had no notions and knowledge on how to actually move my funds elsewhere except buy and sell them on the same exchange. Let me tell you that thing is lvl 1 stuff.

This year i evolved and learned how to use a hardware wallet after multiple centralised exchanges dropping like flies. I learned how to move cryptos & tokens to the correct adresses and how to manage "gas fees". Most importantly i've secured myself from mostly all risks involved with a CEX. I am my own bank so i strongly suggest you do the same.

My own bank

If Hardware wallet was lvl 2 crypto science, here i went to fell the tip of the iceberg, the what i call for me, level 3, connecting metamask to different chains that share the same adress and bridging funds between layers and also swapping stuff.

Aerospace Engineering lessons

It took me no less than 1 day of full research when i found out i had a few dozen of MOONS in my vault. I learned quickly i can make a good buck by selling them BUT here is where the fun started. Your Reddit Vault is basically a kind of wallet based on Arbitrum Nova layer 2 of Ethereum which holds MOON token issued by /r Cryptocurrency. I had no clue about this until i figured i couldn't send MOONS to a normal ETH adress without having some ETH for "gas fees". So, having no "button" to add eth for gas fees i found out that you need to connect your Reddit Vault Wallet to metamask by using your 12 word seedphrase. After that i had to find and add both Arbitrum One and Nova chains to the Ethereum Mainet adress of Reddit Vault that i just connected. After doing that stuff i needed to send some ETH from an Exchange or Hardware wallet to the ETH mainnet. Then i just found out about the huge ETH fees for a 20$ transaction. Took me about 3$ after setting the lowest GWEI. Then i found out that you can check GWEI oportunities on Txstreet.com and minimise the fees of sending ethereum. Soon after that i found out that to be able to send the ETH arrived in my ETH Mainnet (metamask) i coudn't just send it between chains without a "bridge" so i went to bridge to arbitrum website and tried to swap ETH from Mainet to Arbitrum Nova, where i need the ETH for gas fees. When i reached that point i just found that i needed another 8$ worth of ETH to be able to send the rest. After playing abit with GWEI price, my TX was pending forever, i accelerated it, didnt work, so i canceled. That cancel alone took another 2$. I was left with around 7-8$ out of 20$ with all the fees that ETH took away from me just to send ETH for GAS FEES! ... At that point i felt like giving up. I waited 15 min for ETH gas fees to arrive from ETH Mainnet to Arbitrum Nova next to "MOON" Token. Oh yea.. i also had to import MOON token to show up in metamask.

After every piece of this puzzle was set i could finally send MOON tokens to Gate.io (exchange) to sell for USDT and send it to my main exchange tied to the bank. But first i had to wait another hour for them to arrive and 15 minutes for the moons to be able to sell on limit order.

The Relief

A tideous, rocket science task that will not be for many but surely this thought me the first most important steps of level 3 crypto science. This is the dark web of things in crypto, you either get it and try to pay attention to every little detail or your money gone 4 ever. This might have been a tutorial aswell for some of you that don't know what is the procedure. Feel free to ask, i can help you in the comments section.

Last, MOONs are the best incentive you can get by just simply making posting good stuff that people love. It's the monetization of crypto, sort of like Youtube but ad-free. Those hard to learn procedures will toughen you and make you live and breathe crypto in it's fullest. You will love it.

TL;DR: Reddit Vault's MOON tokens are the best sort of incetives to make people learn the deepest parts of crypto and introduce them to the actual utility of crypto: blockchain transactions and many more. You get paid by just posting stuff here, but to be able to get your hands on the gold you need to pass a pretty difficult test.

submitted by /u/HiddenknifeX
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