Question 1

What is r/CryptoCurrency Moons (MOON)?

Accepted Answer

r/CryptoCurrency Moons (MOON) are ERC-20 tokens introduced by Reddit in May 2020 as part of its Community Points program. These tokens were designed to reward users for their contributions to the r/CryptoCurrency subreddit, providing a tangible representation of their engagement and reputation within the community. ​
crypto.com

Question 2

What is r/CryptoCurrency Moons (MOON) used for?

Accepted Answer

* **Community Reputation:** Users could display their MOON balance as a badge, showcasing their contributions and standing within the subreddit. ​

* **Exclusive Features:** MOONs allowed access to special perks, such as custom badges and the ability to embed GIFs in comments, enhancing user experience.

* **Tipping and Transfers:** Members could send MOONs to others within the subreddit, facilitating peer-to-peer appreciation and rewards.

* **Governance and Voting Power:** Holding MOONs provided greater influence in subreddit polls and decisions, enabling decentralized community governance.

Question 3

Migration and Network

Accepted Answer

Initially, MOONs were launched on the Ethereum mainnet. To improve transaction efficiency and reduce costs, Reddit migrated MOONs to Arbitrum Nova, a Layer-2 scaling solution optimized for social applications. ​

Question 4

Discontinuation of the Community Points Program

Accepted Answer

In October 2023, Reddit announced the discontinuation of its blockchain-based Community Points program, citing scalability challenges and high costs as primary reasons. Despite efforts to integrate with scaling solutions like Arbitrum Nova, the platform faced difficulties in effectively scaling the rewards system for its extensive user base.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MOON-USD MOONUSD	kraken	AA	0.007950USD	0,00%	0MOON	0	0.007950USD	0.007950USD
2	MOON-EUR MOONEUR	kraken	AA	0.006000EUR	0,00%	0MOON	0	0.006000EUR	0.006000EUR