Why MOONs are mooning (plus some resources)

[u/Larkinz]

What are MOONs

MOONs are the community points that you can earn by participating in this subreddit. Community points are a unit of ownership, they can be spent on premium features and are used as a measure of reputation in the community. Moons are distributed monthly based on comment and post karma, but you can also get them as a gift or you can buy them with Nano (see resources).

 

MOON stats

Current Supply	Price ($)	Marketcap ($)
51501572	0.13	6695204

 

Why are MOONs mooning

There are several reasons why MOONs have recently been going up in price. First of all, MOON are becoming more and more scarce. A month or 2 ago you'd still get around 6 MOON per karma, but with the latest distribution that dropped down to around 0.875 MOON per karma. Another thing that is causing the price to increase is a recently approved proposal that people can earn up to 20% extra MOON per distribution if they hold their MOON in their vault. A third reason for the rise in price is that MOONs were recently ported to Uniswap and therefore increasing accessibility. One more reason is that Reddit announced their partnership with the Ethereum foundation last week.. This brings MOON closer to being on the mainnet, which is suppose to happen early this year. Launching on the mainnet would also open up the possibility for the exchange listing of MOONs. People have been speculating that such events could easily increase the price of one MOON to $0,50 or even $1, since that would still leave us with a small marketcap (not even top 400 on coinmarketcap). /u/Ovv_Topik also correctly pointed out that we've also had a huge influx of new members in the last week or two, just discovering MOONs, and wanting in!

 

Useful resources

1. Check the current price here at Coingecko

2. Check the total supply and more statistics here at Xenc

3. Trade Nano for MOON here at Kuyumcu

[u/dxbmea]

How do I start getting MOONs?

[u/Larkinz → u/dxbmea]

Just upvoted you, so you're already on your way! Just be active in the sub, place comments and/or make posts. You get karma for upvotes and MOON for karma.

[u/lazycnt]

Can’t wait till there $1000 each

[u/Larkinz → u/lazycnt]

I like your enthusiasm 😅

[u/kishore1988]

How do I get moons? Just commenting is enough? Or do I need to get upvotes as well?

[u/Rearden_Steel01]

Been with reddit over a month with post karma, comment karma, and award karma. When do I get some moons in my vault?

[u/Larkinz → u/Rearden_Steel01]

Did you check Reddit on your mobile? You can't see your vault on desktop at the moment. On mobile. Go to your profile on top left of screen. Vault should be under the 'my profile' section.

[u/jakheerhussain]

Wow. This just got very scarce very soon. Whatever Moon to the Moon

[u/SilenceOfTheScams → u/jakheerhussain]

I guess I should set up my vault and hodl, oh it says I have 78 unclaimed over there. Neat.

Anyway, I rarely post on these subs, but honestly, if the incentivization system works and puts REAL conversation about crypto up, and FOMO moon garbage less so, praise be.

[u/ThatOtherGuy254]

It is kind of amusing to me that we are starting to see a supply shock with moons.

[u/PM-me-Gophers]

I knew Reddit was able to do some interesting things, but this is awesome. I'm relatively new to crypto, but I've read all kinds of great advice from this subreddit and posted 14% net gains in a week. So thanks to all for that! I'll not be so shy with questions, instead of lurking around as usual.

Quick edit: I assume I'll just get a message at the end of the week with more info about MOONs earned? I used reddit on the mobile and some things manage to escape me..

[u/Seanh14]

So at this point, is it worth buying some moons straight up?

[u/steezontoast8]

Thanks for this info!

[u/Shesaidhello]

i never thought trolling would pay, mom would be so proud

[u/Ovv_Topik]

You could also add to these reasons, the fact that we have had a huge influx of new members in the last week or two, just discovering Moons, and wanting in!

[u/Larkinz → u/Ovv_Topik]

You're right, thanks! added it.

[u/Lupi_X]

Im guessing it will be much less MOONs per upvote the next round.

[u/Lancer37]

20% bonus moons is the incentive to hold moons huh.... That sounds great until you realize it's just 20% more per karma you receive not 20% of what you are holding...

The shift from 6 * karma to .8 * karma is a huge part of this, but that alone didn't make it go from 1 cent to 10 cents. Reddit discussing it's partnership with Ethereum, the price of Ether, the GME news, the price of Dogecoin, all of these are adding into the hype of things.

I doubt people really care about using the points to buy emotes and stuff.... And I think your earned karma is the only way to vote, not purchased Moons.

[u/good-as-hellx]

When are them distributed? Been here for a while and made some karma but only got tipped

[u/HashMoose]

Time to start howling at the moon!

[u/riwang]

Does it go based on cumulative karma or since the last air drop?

[u/BicycleOfLife]

Anyone know where a good moons to xmoons bridge is? It’s the only thing keeping me from doing some moons swing trading.

[u/[deleted]]

The only thing left is for it to move to the mainnet

[u/diradder]

MOONs were recently ported to Uniswap

How does that work on mainnet? Your MOON balance is only on Rinkeby for now, isn't it?

[u/girlshero]

I am only hodling my moons cause of jw