MultiversX Tracker is Live!

An Update from the Mod Team of /r/CryptoCurrency

All Cryptocurrencies

by COINS NEWS 99 Views

Moon Week 50 starts in six days and we're looking to make it special by relaunching Moon Distributions on r/CryptoCurrency!

The Return of Moon Distributions on r/CryptoCurrency

If all goes to plan we'll be looking at users earning karma towards a distribution for comments/posts starting on June 24th once the Moon Week 50 post is live and the first earning period ending once the Moon Week 51 post is live (July 22nd). With a subsequent distribution for karma earned during that period on July 29th.

What still needs to happen for distributions to restart?

  1. Adoption of the CCMOON DAO Constitution.
  2. Set up MultiSig with Community Funds to fund Distributions.
  3. Finish development of behind the scenes distribution tech.

Where are we at on these?

  1. The CC Moon Dao Constitution has a current public Draft available to view and contribute here - The goal is to finish it and vote to approve it for Moon Week 50 (6 days). Completing a crucial step towards that will allow us to restart distributions.
  2. MultiSig Voting has ended and all nominated parties were approved by the community. Next step is to move Community Funds to Arbitrum One and actually set up the multisig. Making the funds available to fund future Moon Distributions.
  3. Development is currently in process and is on schedule to be completed before the actual distribution occurs on July 29th.

As you can see there are a lot of moving parts and although everything is currently in place to make Moon Week 50 the start of users being able to earn Karma towards the next Moon Distribution on rCC importantly we can not guarantee that this will occur. For all intent and purpose distributions are not back until they actually occur.

However we will do our absolute best to make the above outlined plan a reality.

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

Additional Information:

  • Since community funds need to be on Arbitrum One for MultiSig. Off Chain Distribution will likely occur with Arbitrum One Moons, and the Communty Currency Bot will be set up on Arbitrum One instead of Arbitrum Nova.
    • Funds earned from the pilot on r/CryptoCurrencyMoons will be replaced with Arbitrum One Moons at a future date.
  • We're looking to have custom community banners for Moon Week 50 to celebrate the return of Moon Distributions on . Creative individuals can create a banner for the sub to use with the following themes: Moon Week 50, Distributions Returning, Moon Rise.
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