POWER

FairCry49

https://bloxmove.ng/about-us-3/ "bloxmoveNG is a subsidiary of: POWER AND MOBILITY LTD 71 Baggot Street Dublin 2 DO2P593 Ireland Bloxmove Germany GMBH Rheinwerkallee 6 53227 Bonn, Germany" Either you are are being dishonest or don't have the cognitive capabilities to understand reality.

Bobby_Juk

It is always about POWER and CONTROL

EcstaticAssumption80

The more important question is, will the BUYING POWER of Bitcoin rise over time? Back in Roman times, an ounce of gold would buy you a VERY nice rig of formal garments. In 2023, an ounce of gold will buy you a VERY nice rig of formal garments.

Bandit_Quick

If this were Star Wars, Gary would be a Sith. "POWER unlimited Power!"

IllustriousAd1579

And you are not understanding basic concepts like how they do not have the manpower to keep track of everyone and make sure they are in control so they have to use CBDC and AI together so they can automate it and make it easier. NOBODY SAID THEY DIDNT HAVE THIS POWER BEFORE BUT ITS WORSE NOW.

AloofJuice

Just to put it into perspective: The top 0.1% of the wealth and power class have horded the world's resources and done absolutely nothing of significance to bring people out of poverty and advance humanity in a noble direction. Poverty being the breeding ground of most of the world's problems, if we solved that alone we would take a giant leap forward, far beyond the laughably lop-sided imbalance we deal with today. **YET THAT SAME WEALTH AND POWER CLASS STILL INSIST THAT WHAT TRULY PLAGUES OUR SOCIETIES IS POOR PEOPLE HAVING TOO MANY RIGHTS** And people fall for it, over and over and over again...

fuzzyduck88

We need a young priest and an old priest… The power of Christ compels you… THE POWER OF CHRIST COMPELS YOU! 

Jaysystems

Then the American government throws a huge 12 year old tantrum cause they HAVE to hold ALL the POWER and won't like being 2nd, which they'll then abuse their power and everyone but the rich will suffer.

Aftershoq2

*stand infront of screen with arms up* TAKE MY POWER

Paddyc97

Fuck yeah, thats the POWER OF PINESOL BABAYYYY!

wrkswonders

Especially considering that the people who were complicit in the murder of his uncle and father ARE STILL IN POWER. 1963 was a coup, an overthrow of a democratically elected president (via assassination). They and their protegés are responsible for the obscenely corrupt circus in D.C. right now, aka 'swamp.'

moonkingdome

I GOT THE POWER quote "he man"

potificate

Numbers are just numbers. \*\*BUYING POWER\*\* is the thing that counts. Even if BTC goes to a million, it won't mean much if it can't get me more than a dinner out.

WasThe99

Haha silly. Just Haters, no snitching here. I have empathy for you. 🙄 ANYONE CAN LIVE HERE. Stop complaining and make a change in your life. FREE POWER IS NOT A SECRET HERE😂 It’s LEGAL, not illegal. 🤭🤭🤫🤫🤫 I guess everyone here with a refrigerator and a Tesla and charging an iPhone and heaters in their house are also scum of the Earth too… think before typing

WasThe99

Nothing is free I agree. How else do I make a good title tho?? Just Haters here🙄 ANYONE CAN LIVE HERE. FREE POWER IS NOT A SECRET HERE😂 🤭🤭🤫🤫🤫

WasThe99

Haters 🙄 ANYONE CAN LIVE HERE. FREE POWER IS NOT A SECRET HERE😂 🤭🤭🤫🤫🤫

WasThe99

Haters 🙄 ANYONE CAN LIVE HERE. FREE POWER IS NOT A SECRET HERE😂

Sumo_Bro

I HAVE THE POWER!!!

Abysskitten

That's not cringe you're feeling, it's **POWER**

skyHIGH-1

Even if ledger was open source, I would never know how to read the code and begin to understand it. I would still have to put my faith TRUST on the community/white hat subject matter experts for guidance. Remember “ WE THE PEOPLE “. have the absolute POWER to always do by what is right.

coredweller1785

I am a bitcoiner. He is so close. It's called capitalism. Capitalism without central banks and the Fed existed and it was just as ruthless. Read Smedley Butlers book War is a Racket. Capitalism leads to imperialism abroad or fascism at home. Central banks are just one of the many tools for capitalists to help fleece the workers. Powell said it many times out in the open, they are increasing rates to REIGN IN WORKER POWER. It's not a mystery or even hidden anymore

Educational_Speech58

We are the united stats we can print money when ever. The Federal Reserve is not federal or a reserve. it's a scam more POWER to # BTC

climbinout

[FIGHT THE POWER!](https://www.youtube.com/watch?v=mmo3HFa2vjg)

MindTheMindForMind

That’s why keeping these type of regulation solely on the hand of governments, is no bueno. In the history we saw what every F country is pursuing, POWER and MONEY.

FattestLion

BTC and ETH to the Fed: YOU HAVE NO POWER HERE

Harmz1229

I'm more looking forward to Revenge of the 5ith. If only you knew the POWER of the dark side.....

Risk_E_Biscuits

The true power of any currency is NOT held by the minters. The VALUE is affected by minters and the POWER of any currency is held by those who buy/sell with it. Representation is NOT ownership.

genjitenji

Where can I invest in $POWER?

ChrisWaves

POWER

SilasX

For 3.5 seconds sure. Talk to me again when it shows ACTUAL STAYING POWER.

CatBoy191114

You overestimate my POWER!!! ... Wait. Was it underestimate? Fuck it. Time to jump.

rogpar23

They loose POWER over PEOPLE.

iconoclast63

There has been a battle for control of this nations currency since it's inception. From Jefferson and Hamilton battling over the 1st Bank of the U.S. to Andrew Jackson's epic war against the 2nd Bank of the U.S. all the way to the creation of the Federal Reserve in 1913. There is NO POWER more important than the power to create money. That power has resided in the hands of the FED and a small group of private banks since the turn of the last century. It's an issue that more people need to be educated about and soon. It directly impacts everyone's lives.

PopDukesBruh

WhT avatar did you get? Did you go w TURTLE POWER!?!!!

PopDukesBruh

Jerome Powell would be a lot cooler if he had TURTLE POWER AMIRITE?

scottonfire

QUantiative easing is a bullshit euphemism. Call it what it is- COUNTERFEITING, MONEY PRINTING, DEVALUING CURRENCY, FUCKING YOU OVER, REDUCING SPENDING POWER, FUCKING YOU OVER

gokou1708

> he right question is "Why should SO MUCH DAMN POWER be concentrated in the hands of a few unelected bankers and bureaucrats?" good edit. i wish I could see his face when asked it

RonPaulWasR1ght

The Senator follows it up with the wrong question - "What is your plan to stop people moving from small to big banks?" WRONG QUESTION. The right question is "Why should SO MUCH DAMN POWER be concentrated in the hands of a few unelected bankers and bureaucrats?"

set-271

Mr. Scott, I need more power! MORE POWER!!!

SoNotYou

We need some collective positive thoughts folks. Some copy paste for positivity >WE ARE ALL IN THIS TOGETHER. DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT! THIS SHIT IS GOING TO REACH $6969.420 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING! VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE! EVERYTHING IS ENERGY AND VIBRATION. ATTUNE YOUR VIBRATIONS TO MATCH THAT OF MONEY AND IT WILL FLOW TO YOU

Dick-Laurent-Is-Dead

Safest bet: ATOM Cosmos Riskier bet: POWER Kingmaker Its the only two I sill hold in addition of BTC and ETH

diadlep

HELPFUL TIP: youtube has this thing where you can move back and forth in the video without having to watch every second, or even fast forward and rewind! KNOWLEDGE IS POWER!!

Killertimme

*WITH GREAT POWER COMES GREAT RESPONSIBILITY* This is something that the government does not follow.

beefrog

Live to Earn! Click this ad daily for free tokens, bigger the streak, bigger the earn! Got referrals? You earn when they earn! Stake earnings for LP and stake LP to POWER EARN! SO MANY EARNS! *Please note power earn is a green project run with negative carbon foot print! You're saving the planet while you earn!

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

stormdelta

> NOT WHEN THAT MINING ECONOMICALLY INCENTIVIZES THE DEVELOPMENT AND DEPLOYMENT OF ADDITIONAL POWER GENERATION THAT CAN THEN BE REPURPOSED WHEN NEEDED. This is a different argument, and I'm going to again ask you to show me a single ounce of evidence that this has _actually_ happened in a way that created net positive gain in renewable power production that would not otherwise have been built. > You said there is zero evidence that this has happened in public, I posted two articles with three examples where it already has and if you spent 10 seconds doing research you could verify those instances and other press surrounding them for yourself. Your articles don't say what you claim, and I've already explained why. They aren't evidence of miners turning off power _before_ it competes with other grid demand. Any usage that competes with other grid demands means that more total power production was required beyond background grid stability. This isn't that complicated, I'm not the one being deliberately obtuse here. > they can be economically incentivized to do so by paying just one cent over their earning rate Again, show me a single place where this is actually happening. Free market forces will not naturally create this scenario. It is _not_ happening in Texas and your articles do not say that it is either.

conv3rsion

NOT WHEN THAT MINING ECONOMICALLY INCENTIVIZES THE DEVELOPMENT AND DEPLOYMENT OF ADDITIONAL POWER GENERATION THAT CAN THEN BE REPURPOSED WHEN NEEDED. You said there is zero evidence that this has happened in public, I posted two articles with three examples where it already has and if you spent 10 seconds doing research you could verify those instances and other press surrounding them for yourself. Miners can either be required to shut off during demand spikes / emergencies, or they can be economically incentivized to do so by paying just one cent over their earning rate. Either way, you have more power generation, and an economically useful variable load response, which is how you get a stable grid. I feel like you are being intentionally obtuse and I'm done engaging with you.

maynardstaint

Some random wallet holds 5% of total supply. That’s around US $25 billion. That person could u lock that wallet and dump the entire amount on the industry. And you don’t find that concerning? You have NO idea who holds the keys to this wallet. You have no idea if it was created by Russia, China, the US government, or worse. Someone like George Soros, who has made a career out of ruining fiat currencies when he slots a weakness What if he owns that wallet? Honest question here. How can the entire world base a monetary system in a commodity that has this many unknowns? What government would agree to that? There would be full scale global war before these governments give up their own currencies and their POWER to print money. Bitcoin as a global currency is the biggest joke in crypto. Global currencies are built on TRUST. The entire world DISLIKES the US. But ultimately trusts their money. You could NEVER get the worlds leaders to agree to use Btc as a global current. You Already KNOW all this. You’re ignoring all the things because you WANT Btc to be a currency. But it IS NOT.

Goatcheese1230

GIVING BACK POWER TO THE PEOPLE... ​ Or maybe... ​ Wait, not yet, let's wait for Web4.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1151l7p/daily_general_discussion_february_18_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/110u63u\/daily_general_discussion_february_13_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/110u63u\/daily_general_discussion_february_13_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/110u63u\/daily_general_discussion_february_13_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1101teu\/daily_general_discussion_february_12_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10z6vqg/daily_general_discussion_february_11_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10yakql/daily_general_discussion_february_10_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10vmhhb/daily_general_discussion_february_7_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10urrwr/daily_general_discussion_february_6_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10qprda/monthly_optimists_discussion_february_2023/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

seambizzle

where in the writing does it say he now has 140,000 in his bank account? ​ it doesn't, he still has the million dollars ​ it says the PURCHASE POWER is now 140,000 when it used to be 1,000,000. Which is 100 percent correct ​ do you not understand the difference?

seambizzle

your common sense skills are failing you ​ you know damn well what this post is about. Inflation is not good and everyone has been tricked into thinking it is. ​ It literally says that the PURCHASE POWER of 1,000,000 back then would now be 140,000. He doesnt say thats how much he has now in his bank account. ​ PURCHASE POWER...understand what this word means

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ntjbo/daily_general_discussion_january_29_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ntjbo/daily_general_discussion_january_29_2023_gmt0/).

CointestMod

#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.

CointestMod

#Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ntjbo/daily_general_discussion_january_29_2023_gmt0/).