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Celebrating and Recapping CryptoCurrency Moons in 2023.

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by COINS NEWS 84 Views

Celebrating and Recapping CryptoCurrency Moons in 2023.

I know, Moons are a sore topic for the sub, but they deserve a 2023 Recap and Celebratory post

Year Price Info:

Moons started 2023 around $.0776 and later jumped to a high of $.65 on rumors of a Kraken listing. At years closing Moons are ~$.13. Up 70% over an absolute wild year for our community token.

https://preview.redd.it/awd6t07mko9c1.png?1008&format=png&auto=webp&s=463477e49da9f397e24717de74c8e51886a7c261

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2023 Highlights:

In Jan 2023 the CC Community voted to allow companies to advertise with our banner

  • On Jan: 31st 2023 we had our first Banner Renter: 1 inch with the following Banner

https://preview.redd.it/014wa3z4mo9c1.png?4000&format=png&auto=webp&s=73bb8bfecbdfe4ba10f6ea98abef1cbb7fa196fa

  • Over the course of 2023 ~2M Moons were sent to the Dead wallet.
    • ~1M for MoonPlace
    • ~1M for Ecosystem costs (Banners and AMAs)
  • The Biggest single Banner Advertiser was Agoradesk who advertised 8 different times and burned a total of 453,338 Moons.

On August 07th Kraken listed Moons, which quickly resulted in it being the number one place to buy/sell Moons.

https://preview.redd.it/z52j2mu0no9c1.png?727&format=png&auto=webp&s=647fe3ad735af618242114a62cb203a7880b92d1

On October 17th Reddit announced they were sunsetting Moons, would be burning their tokens, renouncing Contract ownership, and ending Moon Distributions.

https://preview.redd.it/qdzhaavnoo9c1.png?818&format=png&auto=webp&s=2610e5f5d41ababf958a8266bc98d31f5ac81452

  • In November the supply of Moons dropped 34% as Reddit burned their supply of over 43M Moons dropping the supply from 126M to 82M.

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Looking ahead to 2024

  • Despite what some people now think Moons are far from Dead, Since Reddit sunset Moons 78 days ago, over 241K Moons have been burned (.3% of supply). You can see Moons sent to the Dead Wallet here.
  • Governance is returning and mods have stated they are looking at running CC governance polls after the holidays. https://snapshot.org/#/cryptomods.eth
  • CCmods hold ~1M Moons in a community fund that will likely be used for future distributions to be confirmed via future governance.

Despite Reddit sunsetting RCPs, Moons are still up ~70% over the year: Now that Moon supply is hard capped, contract ownership renounced (Making Moons Decentralized), a functional ecosystem remains intact and the supply down from 126M to 82M - I'm looking forward to what 2024 has in store for Moons.

submitted by /u/GabeSter
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