Welcome to the Moon Burn Update for Moon Week 58. In this post we'll take a look at all Moon Burns between January 6th and February 2nd. We'll also introduce a community funded Moon Giveaway (you can enter in the first 48 hours that this post is live).

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What are Moons:

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.

Let's talk Moon Week 58 Moon Burns:

Between January 6th February 2nd:

• 28,844 Moons were burned on Arbitrum Nova in two unique burn events:
• 28,587 Moons were burned on Arbitrum One in ten unique burn events:
• The total number of Moons burned between both chains over the 28 day period is: 57,431 Moons.

Moon Burn Ranking Update:

Moons are the 11th most valuable asset in the burn address on Arbitrum One (up one since the last update) with ~243k Moons having been burned so far on Arbitrum One

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Unlike most assets in the burn address on One, no Moons were ever minted for the sole supply of being burned. Nearly all the Moons in the dead address on One were purchased off the open market and burned by web three entities looking to host AMAs or customize the rCC banner.

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Moons remain the most valuable asset in the burn address on Arbitrum Nova with ~2.752M Moons having been burned to date and accounting for over 99.9% of the value of all tokens in the burn address on Arbitrum Nova.

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The last burn update introduced a way to win 500 Moons by guessing how many Moons will be burned in 2025? Go to the last Moon Burn update and leave your guess (if you haven't yet done so). Redditors have until April 1st to leave a guess - https://www.reddit.com/r/CryptoCurrency/comments/1i0o8mz/the_rcryptocurrency_moon_week_57_moon_burn_update/

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An rCryptoCurrency Community Funded Giveaway

The rCryptoCurrency TG channel raised 1,500 Moons (total may increase further) to be given away on this Moon Burn update post. To win a share, all you have to do is go to the pinned comment on this post and leave your KrakTag (for Kraken Pay). After 48 hour the Giveaway Fund (currently 1,500 Moons) will be split evenly via Kraken Pay among everyone that entered.