Moons: crypto community that works as a team

Moons moved a few months ago to the Arbitrum Nova network and there the crypto community learned to work as a team.

Moons initially paid for the move to Arbitrum since it was very connected to FTX, but over time it broke out and thanks to the community they have learned to grow on their own.

Moons (MOON), the crypto that migrates

Reddit’s Moons is an ERC-20 that pays out rewards to its users and investors in moons.

Moons are distributed using Reddit Karma, a kind of internal regulator that determines the value of each user.

Moons have several functions and are traded quite freely, one of the purposes being precisely the reputation of the users.

In addition to indicating one’s merit status in the subreddit, they can unlock badges, GIFs, special subscriptions, and give more weight in internal voting.

From Reddit’s Community Points, it has emerged that after experiencing a two-year test net, Moons has moved to Arbitrum, the main net.

Arbitrum Nova, is an Ethereum sidechain and is not subject to fees that are only present for point distribution and subscription purchases.

Months of farming

“Farming” refers to all those users who are very present on the network and whose contribution makes Moon’s seedling grow and they are rewarded for it.

Many users and investors spend their days in the community providing data, answers and very specific content for which the system recognizes rewards.

This behavior can be real work and be rewarded as such, the work of crypto farming.

One user managed to earn $400 in Moons in a very short time by writing only Moons related posts on Reddit:

“For me, that’s the upvote – the childish part of me that never stopped waiting for approval from authority figures to tell me I was doing something right or good or commendable. This is also probably why I closed previous accounts when they reached over 10,000 votes because the mission was completed.

Another user suggested that:

“Cryptocurrencies can make you really rich or broke overnight. Invest/Gamble within your means. For those looking to pump and dump and get rich in 3 days, what you could potentially lose could be years of someone’s life. So… keep on cultivate.

Regardless of the effectiveness of moon farming and its remuneration, it is certainly an easy second income to get started.

According to the user Mr. Bob Ferguson, this is the first successful case of a reward system in the crypto world, for example, there had been the BRICK case before, but Moons seem to be more effective.

“The use cases for moons are slowly building beyond the initial ‘under-control vote power’ of a new Moonplace.io site, and many are hoping that Reddit provides another official integration, such as allowing the ‘use of the moons to purchase popular Reddit Limited Edition avatars (NFT- is) in a future market.”

Market value

MOON’s price is €0.17 down 7% on the day today, but coming off two golden months.

Since the beginning of the year, Moons has grown 73% and reached a trading volume of €107,795 per day.

Currently, the market cap is low in the ranking (#3543), but the symbol is young and the outlook is bright.