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The high cost of Moons for Special Membership is arguably a good thing - as paying with fiat causes Reddit to burn Moons in their Community Pool - 50% of which get added to the next distribution.

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by COINS NEWS 103 Views

The high cost of Moons for Special Membership is arguably a good thing - as paying with fiat causes Reddit to burn Moons in their Community Pool - 50% of which get added to the next distribution.

This sub frequently complains about how expensive special membership is when paying in Moons, but this is ironically also a good thing. As when people pay with Fiat, The Reddit Community Pool burns Moons from their Community Pool equal to the Special Membership Moon cost.

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Below is a screenshot showing the most recent Moons Burns from special membership of people paying in Fiat.

https://nova.arbiscan.io/token/0x0057ac2d777797d31cd3f8f13bf5e927571d6ad0?a=0x40cd039d74d48d998a41b1174e16d1cf7d0d838

In roughly 58 days Reddit burned 500K moons from their Community Pool - 50% of which got redistributed from the Reddit Community Pool.

58 days ago was the last transfer To Reddit Wallet 4 - 500K Moons (for special membership Moon Burns)

Reddit Wallet 4 now sits at 356 Moons and needs to be topped off again.

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I used to always pay in Moons for Special Membership and have burned 12K moons between MoonPlace and Special Membership costs.

But now that I know spending Fiat will also burn currently 586 Moons (taken from Reddit) I'll be using Fiat from now on - to help reduce the centralization of Moons in the Top Reddit Community Pool Wallet.

submitted by /u/GabeSter
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