With Moon Week returning on Jan. 29th it's a great time to go over all publicly available information about the return of CC Moons.

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Timeline of Moons since Reddit Sunset their Involvement

Lets start with a quick timeline of things you may be partially familiar with:

• Oct. 17th 2023: Reddit Announces they'll be "SunSetting" their involvement in Moons.
• Nov. 14th 2023: Reddit burns all Moons in their possession - dropping the circulating supply of Moons from 126M to 82M.
• Nov. 30th 2023: Reddit renounces the Moon Contract - making Moons fully decentralized.
  • This means no one can create Moons, or make change to the Moon contract. The current state of Moons are locked in.
• Dec. 19th 2023: Mods announce Governance will be returning via https://snapshot.org/
• Jan. 6th 2024: First Governance polls go live with votes on the following:
  • Restart Moon Distribution [PASSED]
  • Give More Governance Weight to Newly Earned Moons [NO QUORUM ]
  • Use Existing Reward Formula for Moon Distribution [AGAINST]
• [Upcoming] Jan. 29th 2024: Moon Week Returning with Governance Polls on the following topics:
  • Proposal to spend $1,100 on legal consultation - Meta Discussion here
  • Increase event pricing by 50% - Meta Discussion here

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Analyzing the Ecosystem and Reviewing the State of Moons

Analyzing the Ecosystem:

When Reddit announced they would be sunsetting their involvement in Moons many people thought that would be the end of our beloved community token. However the ecosystem that was developed by this community continued chugging along. In the last 100 days since Reddit stepped away from Moons we have burned ~357k Moons on Ecosystem Activity.

On Jan. 31st the CC Banner will reach it's One Year Birthday and is directly responsible for over 1M Moons being Burned so far!

Events on CC (AMAs/Giveaways/etc.) are responsible for another ~70K Moons being burned over the last year. \Note there is an upcoming vote to increase the price of events 50%.*

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Reviewing the State of Moons:

With so many people panic selling Moons after the Reddit Sunset announcement it was clear that if any distribution were to happen in the future the forced HODL and KM system would not work. With this in mind, Moon holders voted to abandon the existing reward formula.

This means if you panic sold your Moons - your future distributions will not be penalized.

Speaking of Distributions here's what we know - there is no hard date established for the return of Moon Distributions on CC. Moderators are looking to sell $1.1K in Arbitrum to pay for legal counsel in establishing a Dao that will take control and responsibility of moderator controlled assets and be responsible for future distributions. Moderators have publicly stated until a Dao is established, Distributions are on hold.

A Governance Vote to sell Arbitrum and pay for legal counsel in establishing a DAO will be on the Moon week relaunch on Jan. 29th.

The exact amount of Moons to be distributed per snapshot - is not yet known, but it will be significantly less than prior distributions.

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TLDR:

• Timeline of what has happened since Reddit Sunset their Involvement in Moons.
• Analyzing the Ecosystem relating to Moons spent on the Banner/Events since Sunset (357K Moons) and over the last year (1.1M Moons).
• KM is no more - if you panic sold your Moons you won't be penalized when distributions return.
• Mods are looking at establishing a DAO to take responsibility for Moderator controlled assets, until this is established distributions are on hold.