Welcome to the Moon Burn Update for Moon Week 56. In this post we'll take a look at all Moon Burns between November 11th and December 9th. Also a special update at the end!

For the uninitiated Moons are a community and governance token for rCryptoCurrency. They serve many unique purposes such as:

• Earning Moons for participation on the sub. (Yes distributions are back)
• Voting on Community governance for the sub.
• Burning Moons for a special membership.
• Approved entities can burn Moons to engage on the sub in the form of events/amas/others.
• Off-chain earned Moons can be tipped to other Redditors on as an appreciation for their help or contributions on Reddit. (make sure you comment for a Moon Tip)

One of the best ways to keep an eye out for updates about Moons on the sub is to look for Moon Week posts which happen once every 28 days, with Moon Week 56 happening right now!

Let's talk Moon Burns!

Now that Moons are on both Arbitrum Nova and Arbitrum One, Moons are burned on both chains.

Between November 11th and December 9th:

• 23,344 Moons were burned on Arbitrum Nova in five unique burn events:
• 40,176 Moons were burned on Arbitrum One in four unique burn events:
• The total number of Moons burned between both chains over the 28 day period is: 63,520 Moons.

Moon Burn Ranking Update:

Despite being new to Arbitrum One - Moons are the 10th most valuable asset in the dead address on Arbitrum One. With almost 125K Moons currently worth over $32,965 having been burned on Arbitrum One so far. Unlike almost every other asset in the Arbitrum One burn address - No Moons were ever minted for the purpose of being sent to the Dead wallet. Nearly all Moons were bought off the open market and burned.

https://arbiscan.io/address/0x000000000000000000000000000000000000dead

On Arbitrum Nova - Moons remain the number 1 asset is the Dead address with 2.718M Moons having been burned (Currently worth $720K)

https://arbiscan.io/token/0x24404dc041d74cd03cfe28855f555559390c931b?a=0x000000000000000000000000000000000000dead

This means between both networks 2.843M Moons have been burned to date!

Special Update: Did you know a portion of all .Moon Domain purchases from Unstoppable Domains goes towards burning Moons? The first burn just happened earlier today with 20.8k Moons having just been purchased from Camelot and burned! (this 20k number will be reflected on the next update!)

New .Moon domain registrations are currently paused but we'll be sure to update the community when they're back!

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If you purchase a special membership and are not able to activate it, send a message to mod mail. So we can troubleshoot any issues and make sure you get to use it.