USE

Tallfuck

How to buy moons: A not so perfect beginners guide I have been looking around for a clearly written down and concise way to buy moons for the average Joe. I have a crypto past and have gotten back into it during the bear market but a lot of things have changed since then and found myself lost. Because I didn’t have any success finding instructions beyond a couple of bullet points, I thought I would lay out the steps you can do to buy them. **note** This could not be the best way, or the most efficient way. I hear using mexc works great, but it’s not available in my region so I’ll never know. If someone has a more efficient way, definitely lay it out in the comments so people can reference it in the future. How to buy MOONS: 1) Buy ETH from any L1 that sells it. An easy answer is Coinbase but there are a lot of L1’s where you can get it. 2) if you don’t have a Metamask wallet, set one up and send your ETH to it. 3) Connect your Metamask to either bridge.Arbitrum.io or orbiter.finance. These are L2’s that work. I am too new to get the benefits of either, but orbiter does the transfer way faster 4) Transfer (bridge) the ETH from the Etherium Mainnet to the Arbitrum NOVA network DO NOT USE TO ARBITRUM ONE 5) Connect your Metamask account to the Arbitrum NOVA network. At this point your balance will show on the Arbitrum Network, you have to click the drop down menu that says mainnet to change screens to it. You should be able to do this from either Arbitrum or Orbiter 6) at this point you are ready to go to sushi.com. Go there, connect to the app, and again, connect your metamask wallet to the site. 7) At this point in the upper right you have the option to connect your Arbitrum NOVA network with the ETH you transfered 8) Click xSwap there are drop downs that default to Etherium Mainnet. Make those Arbitrum NOVA. Once this happens MOON will be an option 9) Make the swap from ETH to MOONS 10) You need to add the token to your Metamask manually, the ability to do that should be at the bottom of the page when you click the app on the Arbitrum Nova network. 11) enter contract number 0x0057ac2d777797d31cd3f8f13bf5e927571d6ad0 Add token symbol MOON 12) If you don’t have a vault open one. Once you have one copy your vault address from the account settings, and send your MOONS to your vault That’s it! Like I said it took me a while to figure out so hopefully this saves someone some time Good Luck!

vanlifecrypto

That's not how bitcoin works. Bitcoin doesn't stop working just because some part of the world doesn't have internet 24/7. And like I don't even understand the "suddenly we don't have access to internet" idea. Where is that coming from? Since when does banks failing mean the internet in the whole country goes down? Banks don't control the internet, tech companies don't control the internet either. They USE the internet, the AREN'T the internet. The internet would keep working. But if for some reason you are trying to say the entire internet would somehow go offline....America would have a hell of a lot more problems than Americans not being able to interact with Bitcoin for while (besides Bitcoin is global so it would keep on working just fine). NOTHING in America would work. The vast majority of society and the economy relies on the internet. That's why I never understand the big conceptual attacks on Bitcoin that are like well if this major thing that society needs to run fails then Bitcoin will be down, yeah and society in general will be down so it doesn't matter lol.

TechnoRanter

Algo holder here, and I agree. I'm holding the coin long term and love the tech behind it (speed is unparalleled), but the Foundation's treatment and current relay node situation doesn't inspire too much confidence. I think there are a lot of shillers in the comments who, while they love the chain, will defend it wholeheartedly. No, it has faults, it's important to point those out and work towards resolving them in order to grow Algorand and crypto as a whole. Also, regarding the MyAlgo hack, this is unfortunate as hell but an important wake up call for investors: USE A COLD WALLET. If you can't sustain the $70 cost of a Ledger to secure your coins, you shouldn't invest. Nonetheless, it's sad to see. Not the fault of the Foundation (feels weird to say that), but it's important that we find the EXACT cause of the hack and how to prevent anything like it in the future, for the better of crypto. Final note (not related to anything, just feel like pointing it out for any scared bagholders), it's concerning to see Foundation and Inc holding so many coins to begin with, but the upside to the coin dumping is this: More supply is being pushed out onto the market. The less there is to inflate, the more there is to acquire and the more that will eventually be lost, deflating the supply.

maurinet79

I don't trust Microsoft with anything to do with privacy, less even their crappy browser, WHY ON EARTH WOULD I USE IT FOR MY CRYPTO!?!?!?!?!?!?!?!?!?!?!?????????????? Nuts!

Maxx3141

>DO NOT USE YOUR HARDWARE WALLET TO INTERACT WITH SMART CONTRACTS I mean it doesn't really matter if you use a hw-wallet or not for smart contract interactions. This should say "Do not use your holding wallet to interact with smart contracts." Best practice is to send whatever amount you want to use for your interaction to a different address, do your interaction, and then send your newly acquired funds back to your "holding wallet".

jonfoxsaid

I think the real idea is that we no longer USE fiat. You don't need to convert because it is accepted anywhere just like a credit card would be. Right now that is not the case but I would like to think its the end goal or at least the goal most projects are working to get to. A world where crypto is just an alternative to cash and has no need of conversion, even better ... a world where cash is an alternative to crypto.

robeewankenobee

>The EU parliament also expects developers to create upgradeable contracts so their functionality can be changed on the whim. They can expect it , but the user base will dictate USE and having a kill switch on a dapp SC is not inherently bad ... Curve.fi has it for example, in case of exploits detection everything gets blocked, and only withdrawals are possible. The direction is Somewhat logical for the Governments because open de-fi is like the Jungle for a Urban Area which in this case is Trad Fi. There are simply Endless ways to make passive profit on open de-fi without any worries that any tax agency can retrace the source ... just the fact that 1 User can make 10 wallets with 10 different PK's and split the portofolio for open De-Fi use to be under a certain lvl of scrutiny is all we need. No tax agency will be able to efficiently follow through or control this , just as they couldn't control Internet content to most extent ... i still use Torrent trackers and free hacked content like a motherfucker and i will never stop (for example), because we have 0 saying in Price action of any products, we have 100% saying in where to concentrate that use. I say ignore the panic and fud, do your thing, get rich -> live life with ease and respect other people's rights. Ignore fucking Government fud against everything that was invented Not by the government or by governmental funding ... like crypto is.

HealthyMaintenance49

It's too expensive of a lesson if you make a mistake with your seeds. ALWAYS USE PROTECTION!

saucedonkey

Bitcoin is the only real money. Banks are shit. Buy local with bitcoin. USE Bitcoin. Buy and USE it, Hold some…but USE it too.

DReamEAterMS

you literally have to click accept on multiple page wide warning popups to do this >Warning This token isn't traded on leading U.S. centralized exchanges or frequently swapped on Uniswap. Always conduct your own research before trading. Learn more pops up when you select the crv3 token >Expert mode turns off the confirm transaction prompt and allows high slippage trades that often result in bad rates and lost funds. ONLY USE THIS MODE IF YOU KNOW WHAT YOU ARE DOING. when you go to advanced settings and try to switch to expert mode

heyheoy

Yes, i got a lot from DYDX, ENS, OP, and a few more. I mean life changing money for me (im not in a first world country). The best ones comes without those protocols announcing COME USE AND WIN AN AIRDROP!!

OutTop

DO NOT EVER USE LEVERAGE unless you know what your doing.

Towryaalai

You had me at DON'T USE Binance.

TipToeTurrency

DON’T USE Gemini’s Vida card, they are crooks

Available-Top-1160

DON'T USE Binance ~~ Visa's card, they don't protect you.~~

Alternative_Yak_1475

I'm surprised he EVEN GETS TO USE A PHONE??

Elean0rZ

So in all of this you have to separate "what it is" from "how it's used". To your points: Re: gambling and marketing. There is no central marketing agency for crypto. There are a bunch of idealistic, anti-establishment dreamers who either (1) genuinely want crypto to succeed and "overthrow The Man" and therefore talk it up, or else (2) see an opportunity to take advantage of *other* idealistic dreamers and therefore look for opportunities to take advantage of all the hype and FOMO. Meanwhile, crypto itself--like, the actual technology--just kind of exists. It doesn't care if people consider it a lottery ticket or the saviour of the universe. To put it another way: It's unfortunate that certain moonboi-ish voices are as loud as they are, and it's doubly unfortunate that critics seem to have latched onto such voices to such a degree that they've convinced themselves that those voices define crypto to the exclusion of all others. Again: Crypto is just a tool, which can be used for good or for bad. The fact that it has sketchy projects that amount to gambling doesn't mean that all of crypto is therefore always sketchy. Re: "greater fool", by your definition, all kinds of things would be "greater fool" games--real estate, or basically any precious metal, or memorabilia and collectables. And for many speculators, that's exactly what they are--a real estate speculator is looking to flip properties for more; a baseball card speculator card is looking to flip cards for more; etc. They are valuing these things purely for their ability to be sold for more than was paid. But that doesn't describe everyone, and it completely ignores the value that's provided in other ways. That is, a home provides value over and above its sale price (shelter, pleasure, security, comfort); a baseball card provides pleasure of ownership; something like gold, until recently, was probably closest to being a true greater fool game, but in recent years it's developed actually utility in the technological sector that drives some additional valuation beyond pure speculation. In all of these cases, the fact that speculation isn't the ONLY value being provided, and speculators aren't the ONLY people purchasing, means that the overall systems aren't actually greater fool games. While they do hold speculative value, they create additional value in other ways. Re: Use case and utility. I'm not suggesting that crypto is necessarily the silver bullet, as you put it. It most certainly has flaws, and it remains to be seen whether, in aggregate, the court of public opinion will determine that its benefits outweigh its flaws. But once again, the key point is that this is not a black and white issue: It's not a binary choice between "silver bullet" and "scammy pointless crap". Further, volatility isn't an intrinsic property of crypto; it's a property of crypto as it exists today having small, immature, mostly unregulated markets. Those markets have grown exponentially in a short time, and are likely to continue to evolve. As for realized utility, the core value proposition of something like Bitcoin is that it can be used to very, very reliably and very, very securely send value directly from one person to another without recourse to intermediaries, and without regard for borders. This value proposition is backed by the largest, most expensive (and therefore most secure) network, not unlike how the value of a Fiat currency is backed by the military and economic might of the issuing state--the promise that the "IOU" is good. Is Bitcoin, or any other crypto, the best way of doing this? Maybe, maybe not, but the material point is that people DO use it for this. People send remittance funds across borders much more easily and cheaply than with the traditional system. People send hundreds of millions of dollars directly to the Ukraine government (say) much more readily than with alternatives. I'm not a heavy crypto user, but I have to admit that in most cases the experience of sending crypto is no harder than, and in many cases quite a bit faster and easier than, sending Fiat. All of these represent realizations of the basic use-case, and the fact that people CHOOSE to do these things means, by definition, that they are using crypto for something other than speculation. As for realized utility in non-currency contexts such as Ethereum, you said it yourself: >I understand people use dapps to lend, borrow, trade tokens Right. They USE DApps to do stuff. And those DApps couldn't exist without a platform on which to run. Something like Ethereum, for all intents and purposes, is a decentralized operating system that exists for DApps to run on it. DeFi was/is certainly a big use-case in the last bull run, and of course making profit is everyone's motivation. But, one, if making profit is bad, then you should be saying the same thing about, say, self-service tradfi brokerages--people use those in the hope of profit, too. And two, DeFi is only one of a huge range of use-cases, from product tracking to digital ownership. But regardless of WHAT people are doing with DApps, the thing that matters for our purposes here is that they ARE doing things with DApps, meaning that a platform like Ethereum is indeed serving its intended function. Re: Exchanging currencies or fees/taxes, I'm not sure what your point is here. For starters, you have to pay fees and taxes in any tradfi transaction, so nothing about that is unique. Further, in \*most\* cases, you'd also need to exchange your Fiat--e.g. if I send USD to someone in Japan, they're going to have to convert it to Yen to do anything with it. So, again, not a differentiating factor. What IS a differentiating factor is that, while it's certainly not widespread, it's possible to live purely within the crypto ecosystem without borders--that is, various businesses the world over accept crypto for payment, and the same cryptos (e.g., BTC) are accepted worldwide. Yes, you'd be limited in what you can do, since not every business or person accepts crypto, but you could operate completely independently of the Fiat system if you were determined (a few jurisdictions also let you pay your taxes in crypto). What happens next is anyone's guess, but if crypto continues to grow then it's very possible that the options for doing this will continue to expand as well. Again, crypto is just a technology. It does some things well; it does some other things poorly. As it continues to evolve, perhaps it will go mainstream, or perhaps it won't. But I honestly don't understand the hatred directed at it, as distinct from at the scammers and shillers that use it for their nefarious purposes. Somewhere along the lines critics have completely missed the forest for the trees, just as badly as the crypto True Believers have in the opposite direction.

Teddybaergang

you can use bitcoin without looking like a dork , you don’t see people with cash on their shirt like , I USE DOLLARS , so goofy af

karlizak

All that you need to understand is: DONT USE LEVERAGE.

Hank___Scorpio

My favourite thing about leverage is our monthly post about how someone lost everything on leverage. The post is literally the same everytime. Someone makes a big win on a small amount of leverage and then they get the bug. They think they're invincible because they won, but then they start thinking about how much they missed out on because they didnt use more capital or more leverage. They up the amounts and get rekt, it comes so fast and theres not much you can do about it when using high numbers of leverage because the margins for stop losses are so tight. So they obviously lose all their money and then come here to tell us about it. But we already know theres a million posts before this one all saying the same thing. DON'T USE LEVERAGE. Main character syndrome is a problem here for 2 reasons. First, it makes people think they can be the ones to beat the odds. 97% of traders lose money? Don't worry I got this. Even though I have no experience trading I feel like I can manage. It makes people feel like the warnings don't apply to them. And second, and definitely most annoying it makes people feel like now their opinion on the matter is worth happening because the consequence happened to them, and they are the hero. Now its really serious guys cause I lost money so you should definitely listen to my warnings and not the million that I didn't listen to. ​ Be humble. Don't fear the decimal point. Stack sats.

MoodNo9836

I keep seeing people setting up nodes, not using them, and thinking they are somehow "helping" the network. No one is downloading 500GB of block data from your raspberry pi node running over tor. The point of running a full node is to verify transactions in which YOU RECEIVED BITCOIN, so that you know you actually received bitcoin. More people taking self custody of their coins and verifying that they did, is what keeps Bitcoin decentralized. It's not enough to run a node, YOU HAVE TO USE IT!

BCMaxy

You can’t deposit Bitcoin into your bank…..you need to convert it to fiat first. “They” could theoretically ban the conversion of BTC into fiat, but good luck with that because people would convert BTC to some other currency, then convert THAT into USD/CBDC Or they would just USE the Bitcoin in transactions. Lol I love bitcoin, it really can’t be fucked with.

clue5tick

Exchange Bitcoin for Tanzanian currency? WHY? Why not USE THE BTC to drag their country out of their >50% poverty rate? Oh, that's for somebody else to do. We're making money here.

Giga79

>This thread is not about how holding will pay for security. This thread is about no one using BTC and the comment I originally replied to mentions the negative implications from that. I'm asking why no one wants to use BTC, asking why 80% of people HODL when they can USE instead. >I'm not sure where you are getting these numbers as you don't know the future price of bitcoin. The future price is going to plateau eventually, it can't go to infinity so it's not very relevant what dollar it stabilizes at. Refer to my numbers as symbols. Whenever BTC stabilizes the next halving will initiate a death spiral as it will halve the security. Any large mcap asset provides dimishing returns as it grows. >Yes eventually mining won't give rewards and only fees. I think we will have a better idea of what that looks like as time goes on as it's over 100 years in the future. 100 years? Issuance is distributed on an exponential curve with *most* BTC already mined by early miners. In 22 years BTC will issue just 1/64 what it does today. >Holding is a meme to promote users to not just dump their bitcoin during wild swings and to hold to gain value over time. So what is this thread link going on about? Nobody is using BTC or the LN for anything of value, or else fee revenues would be higher than they are and activity would be higher than it is. There are individual *apps* on other L1's that accrue more fee revenue than Bitcoin. Other networks face even more extreme swings and still see lots of (well paying) on-chain activity by its users. Telling people to hold to gain value over time sounds like a ponzi. Where is this supposed value coming from with no utility or usage? You can HODL anything but it's specific to BTC. When does HODL turn into USE? >Bitcoin is not just a peer to peer monetary instrument, it is also a store of wealth, and holding keeps supply low. It's not a "don't use bitcoin at all" strategy like you are implying. I'm not looking that deep into the meme. I'm just using it to represent BTC's on-chain metrics in a simpler way. Fee revenue has plateaued on BTC for years and I haven't see on-chain activity increase either, and regarding the headline ITT it seems most people would rather not *use* BTC (for tax reasons or whatever). >You are really misconstruing it when you claim it's about being against using BTC as using BTC as a store of value IS part of bitcoin. Store of value *won't* pay the bills. That's my only concern and point in saying all this. Miners will have nothing to work with, and without them BTC can't be a store of value - the larger picture matters here. Fees are the most important metric backing BTCs security/sustainability model, the initial distribution (supporting the SoV narrative) is temporary.

Apprehensive_Try7137

Absolutely. It’d be a lot less stressful. And I’d still be able to USE blockchains.

Supreme-Serf

I cannot comment on the Circle or the other stuff. However, people pushed the Vanguard story and they are morons. Vanguard = passive investing And it is clear people pushing stories want to USE crypto enthusiast as pawns. But I'd add if they are pushing this story, then they don't seem to have other evidence either.

hf12323

it's called DON'T USE REDDIT FOR FINANCIAL ADVICE AND DO YOUR OWN DD

Clubmanero

Man this is just a flat out ponzi… not one comment about bitcoins USE, other than I’ve purchased it for £15k and I really “hope” this halving/reduction in supply will help it go to £30k. Where’s its value?!?! 🤯🤯

cosmosIBC

idk why its so hard for people to realise that PRICR OF ANYTHING IS ONLY AFFECTED BY BOG WHALES BUYING OR SELLING, NOTHING ELSE HAS ANY EFFECT EVER ON PRICE AND IF IT SEEMS SO ITS PURE COINCIDENCE OR WHALES TRYING TO USE SOME EVENT AS A BOOST

omghag18

XD , BUT WHAT NOW DI THEY STILL USE FTX ,cuz i have only use faucet to get free gas eth

GoEers304

Number 2 lesson other than scams. NEVER USE LEVERAGE.

JERMYNC

OP wants us to USE crypto, not just dump money into ecosystem.

maynardstaint

Do you work? Do you receive a paycheck? How does that money go into your bank? You can’t think of any way that could be made more efficient? How do you pay your bills? You’re telling me you can’t find a single use for blockchain and it’s native token. And that’s one second spent thinking about it. The entire distributed ledger sector is full of use case. California dmv is going to USE nfts to stream line car ownership and buying selling. Registration. That is a USE.

Independent-Ring-163

DONT USE THIS ADDRESS, ITS NOT VALID. everyone on this sub is an idiot. The checksum is off, has nothing to do with capital letters.

woodenmetalman

What would you suggest as a starting point for USE? I’ve been investing pairs on the LRC wallet but haven’t done anything with NFT’s…

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/1151l7p/daily_general_discussion_february_18_2023_gmt0/).

mishaog

LOOK I CAN USE CHATGTP TOO! Supply Chain Management: Blockchain technology can be used to keep track of the entire supply chain from the source of materials to the end consumer, thereby improving transparency and traceability. Digital Identity Verification: Blockchain can be used for secure and efficient verification of identity. This can help prevent fraud and protect user privacy. Voting Systems: Blockchain can be used to create secure, transparent and tamper-proof voting systems that increase the level of trust in the democratic process. Healthcare: Blockchain can be used to securely store and share medical records, reducing errors and improving patient outcomes. Finance: Blockchain technology can be used to create new financial products and services, such as decentralized exchanges, peer-to-peer lending and crowdfunding. Gaming: Blockchain technology can be used to create new types of games that utilize in-game cryptocurrencies and offer unique experiences for gamers. Real Estate: Blockchain can be used to create transparent and secure property transactions, reducing the need for intermediaries and speeding up the buying and selling process. Intellectual Property Rights: Blockchain can be used to create a secure and decentralized system for tracking ownership of intellectual property, reducing the risk of fraud and infringement. Energy Trading: Blockchain can be used to create a decentralized energy trading system that allows individuals and businesses to trade energy directly, reducing costs and increasing efficiency. Government Services: Blockchain can be used to create secure and efficient government services, such as tax collection, property registration, and public record-keeping.

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.

trollingguru

Dude we told people several times DONT USE BINANCE! why just not use a legitimate exchange?

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.

Onelinersandblues

I wanted to test the bridging haha I’m waiting for a dip to buy back😂😂 didn’t have than many I think. Last time I used them to buy a present for the missus: USE CASE

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.