What are MOONsMOONs 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 statsCurrent SupplyPrice ($)Marketcap ($)515015720.136695204 Why are MOONs mooningThere 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 resourcesCheck the current price here at CoingeckoCheck the total supply and more statistics here at XencTrade Nano for MOON here at Kuyumcu
Submitted February 03, 2021 at 04:03AM
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