MultiversX Tracker is Live!

A warning about KM to everyone who exchanged Moons for Tiles or Sold Moons on the runup to ~$.19.

All Cryptocurrencies

by COINS NEWS 158 Views

A warning about KM to everyone who exchanged Moons for Tiles or Sold Moons on the runup to ~$.19.

Given the amount of Moons that have changed hands and been burned over the last week I think it's important to give everyone a reminder about the penalty if they don't hold enough of their earned moons in their vaults.

CCIP30 was introduced Apr. 14th, 2022 and penalizes you if you don't hold 75% of your earned moons (from all time) in your vault. That means if you've earned 400 Moons you need to hold at least 300 moons in your vault, or you will not receive all of your earned moons on your next snapshot/distribution. This becomes a bit more complicated when it comes to burned moons for special membership (more on that below, but is the same basic idea.

The maximum penalty would give you only 10% of your earned moons on your next snapshot. For example if you earned 800 Moons you would only receive 80 Moons if you had the full penalty.

---------------------------

If you aren't sure what your Karma Multiplier (KM) is: You can find out by going to this website and entering your Reddit Username.

When the results load if your "Estimated CCIP-030 Multiplier: 1" you will not receive any penalty.

https://preview.redd.it/2gxwm2xtc7fa1.png?383&format=png&auto=webp&s=ad8a2f623b2659ce951c4ca630a60b86df55ea75

If it's a decimal such as .1 (10%), .55 (55%), or .95 (95%) that is the percent of moons you'll earn on your next snapshot.

https://preview.redd.it/t6r2cahdd7fa1.png?381&format=png&auto=webp&s=34d06e1c3d415c8987905aadd919873607424057

Additionally you can do the equation yourself to figure out if you will be penalized:

KM = (Current Balance + Membership Purchases) / (Total Earned Moons * 0.75)

---------------------------

If you are penalized you'll need to readd Moons to your vault before your next snapshot to reduce/eliminate the penalty on your next distribution.

Edit: The creator of the CCMOONS site commented on KM calculation here.

submitted by /u/GabeSter
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments