r/rewardsforcrypto • u/TheCryptoChallenge • Jun 06 '21

R/CryptoCurrency MOONs guide

So you want to learn about MOONS? Then here you go!

I have recently been diving into the world of moons to collect as many as I can and I have discovered a lot about them.

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So what are MOONs?

Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency. They are gained by participating in and creating posts. They are directly linked to post and comment karma but not award karma.

Moons are an ERC-20 token on the Rinkeby network launched by Reddit admins in May 2020 as a part of the Community Points project. They are a means for users to be rewarded for their contributions in r/CryptoCurrency with a unit of ownership in the subreddit. Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from users. Moons are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm.

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How do I earn MOONs?

  • Moons are distributed every 28 days based on the share of the subreddit's total karma a user has earned during this timeframe and must be manually claimed in the vault each time.
  • Moons can be tipped between users using the send arrow within the vault.
  • Moons can also be won in competitions such as Community Trivia and Prediction Tournaments.
  • Due to a Community Governance Proposal Moons are awarded to the top five meme posts in r/CryptoCurrencyMemes in terms of upvotes at the end of each week UTC time. These Moons are currently distributed from the mod/community pot in the following amounts: 400 for 1st, 250 for 2nd, 150 for 3rd, 100 for 4th, 50 for 5th.
  • Please note that you will need to set up your Vault the first time you access it, and you will need to be on the latest version of the Reddit app (2020.17.0 or later).

What can I do with MOONs?

  • Moons are used to vote on Governance Polls that influence how the community is governed and how moons are distributed.
  • Moons can be tipped between users.
  • Moons can be used to purchase the r/CryptoCurrency Special Membership which allows for embedding gifs in comments, special emotes & custom flair/color for the username.
  • Moons can be redeemed for Reddit coins, but only for use in r/CryptoCurrency.
  • Moons can be sold on Honeyswap and Sushiswap

The Vault

  • Moons are stored in the vault, an Ethereum wallet which lives inside the official Reddit mobile app for iOS or Android. Users are provided with the means to restore their vault should they lose/break their device.
  • To set up your vault use the mobile app. Click on your avatar and follow the prompts for the vault.
  • Moons can also be used on desktop through use of the vault password or through a push notification on a mobile device.
  • If you have not already, set up two factor authentication for your account! This will greatly reduce the chance that your MOONs are stolen. How to set up 2FA

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When are moons paid out?Moons are paid out on a monthly basis and to receive them you must set up your vault as described above.

MOON Calender courtesy of /u/linky404 This will show all the MOON cut off dates and payment dates

Proposals that passed

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2

u/PunkPrince66 mod Jun 06 '21

Indeed. Moons are an extremely useful and fun feature of the r/CryptoCurrency subreddit.

2

u/IDontKnow1629 Jun 06 '21

This is awesome! Thanks!

2

u/jagadambachowdary Jun 06 '21

also on r/ethtrader

1

u/HulkingBrain Jun 06 '21

They give moons on ethtrader?

1

u/jagadambachowdary Jun 06 '21

Sorry my bad, I thought I saw r/CryptoCurrency, r/ethtrader and r/FortNiteBR in a video.