Reddit IPO affecting MOON

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Reddit IPO affecting MOON

Does anyone have insight into how a potential IPO of Reddit will affect moons? With the growing attention and multitude of possible use cases for a crypto that is a part of the platform, it’ll be unlike any other major IPO.

I’d feel quite bullish on a public Reddit stock, but I also see how there could be potential problems with a public offering given the recent cases trying to designate many crypto currencies as securities themselves.

Meta could be an example of a company that hasn’t hit major roadblocks concerning the crypto part of their platform, but it is different in that they are more of a host for various projects and do not have a central crypto currency like moons. Meta was also already a public company when they started their crypto capacities.

All this being said, I’m excited for the future of the MOONs project inside and outside of the Reddit platform, but I would like to hear any potential downsides or encumbrances that may appear as a result of being a publicly traded company.

submitted by /u/shine–
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