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By votes 53% of the sub opposed allowing companies to rent the banner by burning moons. With Moons up ~100% in the 21 days since the proposal - How do you feel now, are you happy the banner was added?

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by COINS NEWS 132 Views

By votes 53% of the sub opposed allowing companies to rent the banner by burning moons. With Moons up ~100% in the 21 days since the proposal - How do you feel now, are you happy the banner was added?

For those that don't know Earned Moons aren't just a crypto you can earn by participating in this sub. They're your governance vote for making modifications in this sub. The idea being the more active you are in the sub, the bigger your voice should be when voting for changes to the Governance of the Sub.

This can create interesting results like CCIP-048 Allowing Banner Ads. By sheer votes only 47% of the sub supported banner adds but by Moon Weight (your contribution vote) ~78% of the sub voted yes. The Banner Ads allow company to create a mildly intrusive ad by permanently burning moons (taking them out of circulation).

https://preview.redd.it/up8au92z20ha1.png?1304&format=png&auto=webp&s=ae6e19d18d897d448fe2b8063d27cc5e353977b7

Over the past 10 days ~88K moons (~$15k) have been burned by companies signing up to advertise with the banner, among other things - this has created alot of positive attention for moons and we've seen the price of moons climb to currently ~$.17 up from around $.08 when the proposal went live.

Seeing all of this unfold in the 21 days since the proposal went live how do you feel about the Banner now? Feel free to discuss in the comments if your opinions changed and why.

Edit: Thanks /u/ChemicalGreek for this link. It contains information about the company who advertised with the banner, amount of Moons spent, and number of days they paid for.

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submitted by /u/GabeSter
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