Reward points, not crypto
Moons are loyalty-style points, not a coin or token. There's nothing to list, bridge, or trade on an exchange.
Moons
Reward points you redeem.
Not crypto.
Moons are Credible’s reward points, earned as you use the stack. They aren’t a cryptocurrency or a token, and they hold no monetary or dollar value. What they are is redeemable, once Creddy is live, you’ll spend your Moons across Credible’s merchant network.
01. What they are
Points, not crypto.
Moons are simple, reward points for using Credible. They aren’t a coin, a token, or an investment, and they hold no monetary or dollar value on their own. Think loyalty points, not currency. You earn them through real activity on the platform, and they live as points on your account, nothing to trade, bridge, or speculate on.
No monetary value
Moons aren't priced in dollars and can't be cashed out. Their worth is in what you redeem them for, not a market price.
Earned through activity
You accrue Moons by actually using Credible, not by claiming a drop or buying in. They add up as you transact.
Redeemable, not tradeable
Moons are made to be spent on the merchant network, not flipped, staked, or speculated on.
02. The pivot
Why Moons won’t become $CRED.
First, an apology. The earlier expectation was that Moons would convert into $CRED, and that isn’t how it’s going to play out. Moon holders deserve a straight explanation, and a better outcome than an airdrop.
$CRED is an ownership token, not a utility token. Handing ownership out as an airdrop would damage the token’s economics and the interests of the long-term investors backing Credible, the very capital that lets us keep building. So Moons will not translate into $CRED.
Instead, we’re honoring Moon holders through Creddy. Rather than a one-time drop, we intend to compensate Moon holders by making Moons spendable, reward points you can redeem to buy real items across the merchant network once Creddy is live.
This pivot was extremely necessary. We evaluated every alternative we could, and this was the one that holds up for the long-term success of Credible and the benefit of everyone, holders, investors, and the network alike.
Moon holders are still invited to $CRED.
The $CRED ownership-token raise is live on MetaDAO. If you want a stake in what Credible is building, you’re welcome to take part in the launch.
03. Redeem
Or redeem instantly to gift cards.
Don’t want to spend across Creddy’s merchant ecosystem? Moons redeem instantly to gift cards, too. Once Creddy is live, turn your Moons straight into a card from brands you already use, no crypto, no cash-out, no listing, for example, an Amazon, Netflix, or Spotify gift card, redeemed on Creddy in a tap.
AmazonGift card
NetflixGift card
SpotifyGift card
AppleGift card
UberGift card
AirbnbGift card
SteamGift card
StarbucksGift card
Illustrative examples. The live gift-card catalogue will be shown in Creddy at launch.