The rCryptoCurrency Moon Week 57 Moon Burn Update + 500 Moon Giveaway
3 min read
Welcome to the Moon Burn Update for Moon Week 57. In this post we’ll take a look at all Moon Burns between December 9th and January 5th. We’ll also review the total number of Moons that were burned in 2024 look at how that impacted circulating supply, and at the very end we’ve got a giveaway (yes you can skip straight to the end).
What are Moons:
For the uninitiated Moons are a community and governance token for rCryptoCurrency. They serve many unique purposes such as:
Earning Moons for participation on the sub. (Yes distributions are back) Voting on Community governance for the sub. Burning Moons for a special membership. Approved entities can burn Moons to engage on the sub in the form of events/amas/others. Off-chain earned Moons can be tipped to other Redditors on as an appreciation for their help or contributions on Reddit. (make sure you comment for a Moon Tip)
One of the best ways to keep an eye out for updates about Moons on the sub is to look for Moon Week posts which happen once every 28 days, with Moon Week 57 happening right now!
Let’s talk Moon Week 57 Moon Burns:
Between December 9th and January 5th:
220 Moons were burned on Arbitrum Nova in five unique burn events: 20,864 Moons were burned on Arbitrum One in four unique burn events: The total number of Moons burned between both chains over the 28 day period is: 21,084 Moons.
Moon Burn Ranking Update:
Moons are the 12th most valuable asset in the burn address on Arbitrum One with ~125k Moons haven’t been burned so far on Arbitrum One
Unlike most assets in the burn address on One, no Moons were ever minted for the sole supply of being burned. Nearly all the Moons in the dead address on One were purchased off the open market and burned.
Moons are the most valuable asset in the burn address on Arbitrum Nova with ~2.75M Moons having been burned to date and accounting for over 99.9% of the value of all tokens in the burn address on Arbitrum Nova.
2024 Moon Burns In Review:
In 2024 there were
125 unique burn events on Arbitrum Nova for a combined 732,715 Moons 66 unique burn events on Arbitrum One for a combined 124,709 Moons
In total there were 191 unique burn events between both chains for a combined 857,424 Moons burned.
The 2024 Change in Circulating Supply:
2024 started with a circulating supply of: 80,389,411 Moons and decreased by a total of 857,424 Moons
Making the starting circulating supply for 2025, 79,531,987 Moons.
Meaning the circulating supply of Moons decreased by ~1.1% in 2024.
500 Moon 2025 Moon Burn Giveaway:
While you’re here go ahead and try guessing how many Moons will be burned in 2025, whoever is closest on January 1st 2026 will receive 500 Moons on chain. You can make a single guess (as a top level comment) between now and April 1st after which time new entries will not qualify. You are also welcome to edit your guess between now and April 1st, but again one guess per user or you will be disqualified. Winners must be in good standing with the sub or will forfeit and the prize and it will go to someone else (I.E. Banned users can’t win).
submitted by /u/GabeSter
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