Leading cryptocurrency platform Reddit is holding a contest to rebrand the logo of its native token MOON.
The MOON was previously available for distribution, redemption, and use as part of Reddit's blockchain-based community points program, but the platform officially ended its participation in the project last November. However, it didn't disappear completely, and moderators were given permission to operate without Reddit's involvement.
According to thread moderator GabeSter, when Reddit stopped participating in MOON, it didn't specify exactly what rights were behind the use of the logo. They explain that they
"encourage users to reconsider their relationship with the MOON logo so as not to have unforeseen intellectual property restrictions (now or in the future)
.
GabeStar also notes that Reddit allows them to use the logo in accordance with their brand guidelines, so they can partner with third parties to sell MOON-inspired products.
One of the examples given to illustrate Moon's rebranding of the #cryptocurrency .
One of the examples given to illustrate Moon's rebranding of the cryptocurrency.
However, the contest requires the new logo to be
"friendly, so a grand reimagining is unlikely to happen. An example for applicants was published on r/CryptoCurrency on July 12, but the changes are barely noticeable.
On Tuesday, Gabe Steer announced that potential designers have just six days left to submit their work. Moderators are reportedly rejecting designs that use images generated by artificial intelligence.
Read us at: Compass Investments