Market
r/CryptoCurrency Moons
MOON
$0.05336
+0.44%
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MOON
≈
187.4
MOON
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$150
$500
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2.99%
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Market data
Market cap
$5.7M
Rank
#1601
24H volume
$1,856
Circulating supply
106.78M MOON
99% of total
All-time high
$0.72
-1242.48%
All-time low
$0.03
43.35%
Total supply
107.89M MOON
Max supply
82.28M MOON
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About r/CryptoCurrency Moons
r/CryptoCurrency Moons Price Summaries
r/CryptoCurrency Moons's price today is $0.05336, with a 24-hour trading volume of $1,856. MOON is +0.44% in the last 24 hours. It is currently -15.14% from its 7-day all-time high of $0.06288, and 7.15% from its 7-day all-time low of $0.0498.MOON has a circulating supply of 106.78M MOON and a max supply of 82.28M MOON.Moons are an ERC-20 token launched on Arbitrum Nova by Reddit admins in May 2020 as part of the Community Points project. They serve as a reward system for users' contributions to the r/CryptoCurrency subreddit, providing them with a unit of ownership within the community. Moons are managed by smart contracts and stored in the Vault, an Ethereum wallet within the official Reddit mobile app.
The introduction of Moons in r/CryptoCurrency was aimed at rewarding users for their contributions to the subreddit. Moons were initially distributed based on the karma earned by users prior to the launch. Since then, monthly distributions have been taking place, with the supply decreasing by a fixed percentage each round. Moons play a vital role in subreddit governance and incentivizing active participation.
Moons are distributed every 28 days based on the share of total karma earned by users within the subreddit during that period. The distribution is automatic for users with a Vault setup, and Moons can be earned through various activities such as commenting, posting, winning competitions, and participating in subreddit activities. Karma modifiers, set by the subreddit community, influence the conversion of karma into Moons.
Moons have multiple uses within the r/CryptoCurrency community. They allow users to display their reputation within the subreddit and unlock exclusive features such as badges and GIFs in comments through the Special Membership. Moons can be used to vote in governance polls, tip other users, obtain r/CryptoCurrency Coins, access special perks implemented by the moderation team, and even rent banner space on the subreddit. They can also be redeemed for Reddit coins, but exclusively for use within r/CryptoCurrency. Additionally, Moons serve as a portable proof of reputation and contribution within the r/CryptoCurrency community, and their ERC-20 nature enables potential utility and value beyond Reddit itself.
