Only 207 people have participated in 16 rounds of Moons

In my last post I described how the median user generally gets around 10 karma per distribution snapshot, and that only about half the people from one round participate (receive karma) in the following round.

This got me wondering if I could determine how many unique users on the sub have participated in all 16 distributions, etc. It turns out I could, by downloading all 16 finalized snapshots so far, then extracting all the blockchain addresses (vault addresses), then removing duplicates (users who attended more than one distribution). It turns out that 207 users have participated in all 16 rounds! There are another 13 people who received karma on the sub for all 16 rounds but never opened their vault! I won't name them, since obviously they probably have their own reasons and don't need random DMs from people asking them questions.

Anyway, here's a histogram of how many users have appeared in 1 or more distribution and had an open vault at any point:

https://preview.redd.it/8aeh764cxpl71.png?887&format=png&auto=webp&s=da2bebcbbe0969ccdd869951db39ba8e4feb3b33

As you can see, less than half of all users have participated in more than 2 distributions (44% of them to be more precise).

But wait, you say, aren't there like 100K people with vaults? These numbers only add up to about 77K! And in fact, according to testnet.redditspace.com/tokens there are in over 100K MOON token holders. This was a real mystery to me and caused me to re-do my entire analysis thinking I'd missed something, until I realized those extra ~30K addresses most likely "belong" to people with no open vaults. if they ever do open them (prior to the 6 month time limit at which point they disappear) then they would get one of those. But the fact is, there are only 77,583 unique users (commoners, not counting admins or whoever doesn't appear in the distribution lists) who have received any Moons in a vault. There are almost 200K separate users identified in total in all the finalized Moon snapshots (199,371 to be precise), so that means less than half of the users who ever were offered Moons took them.