The rCryptoCurrency Moon Week 51 Moon Burn Update.
2 min read
Welcome to a brand new concept post, ‘The rCryptoCurrency Moon Week 51 Moon Burn Update’. In this post we’ll be briefly reviewing Moons with a focus on the total number of Moons burned over the 28 day period between Moon Week 51 and Moon Week 52.
This post is a concept post and will likely be refined for future editions. Leave feedback on how future editions can be improved and receive a Moon tip (while funds last).
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. (Just like Polygon is doing right now!) Offchain earned Moons can be tipped to other Redditors on r/cc as an appreciation for their help or contributions.
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. However the sub is critically lacking any updates on Moons that are actually burned this new concept post aims to fill in the gap so readers can follow along with an almost monthly update on the number of Moons that were burned during each 28 day Moon period.
Let’s talk Moon Burns!
Now that Moons are on both Arbitrum Nova and Arbitrum One, Moons are burned on both chains.
Between July 23rd (Moon Week 51 post) and August 20th (Moon Week 52 post):
111,102.9 Moons were burned on Arbitrum Nova in five unique burn events 4,587 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: 115,689.9 Moons.
Moon Burn Fun Facts:
Despite being brand new to One – Moons are the 12th most valuable asset in the dead address on Arbitrum One. With over 46K Moons currently worth over $5k having been burned so far.
https://arbiscan.io/address/0x000000000000000000000000000000000000dead
On Arbitrum Nova – Moons are the number 1 asset is the Dead address with over 2.66M Moons having been burned (Currently worth $304K)
This means between both networks 2.71M Moons have been burned to date. Unlike many assets in the Arbitrum One burn address – No Moons were ever minted for the sole purpose of being burned.
As this is a concept post make sure to leave feedback on how you think this concept can be improved for future iterations, and you will be tipped some Moons (while funds last)!
submitted by /u/GabeSter
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