Introducing r/CryptoCurrency Moons

https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/

created by jarins on 13/05/2020 at 22:18 UTC*

1193 upvotes, 223 top-level comments (showing 25)

UPDATE (6/1): You may notice some changes in the feature with the new iOS app release. We're working closely with Apple and will share updates as available.

1: http://www.reddit.com/vault

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https://preview.redd.it/7dabft1uply41.png?width=1198&format=png&auto=webp&s=6eae6a0bb2a0caa71f76b8badf78bb0abfebbf9e

Today we’re launching a new feature in limited communities called Community Points[2]. Community Points are a way for users to be rewarded for their contributions with a unit of ownership in their subreddit. Community Points can be earned, tipped, won, collected, and spent on unique items within a community. Each subreddit has its own stylization of Community Points, and the ones in r/CryptoCurrency are called Moons.

2: https://www.reddit.com/community-points/

A Moon

How do you get Moons?

Moons are distributed monthly based on individual contributions (comments, posts, etc.) that people make in r/CryptoCurrency. Reddit karma provides a basis for measuring people’s contribution, but the final decision is up to the community.

Initially, 50 million Moons will be distributed based on karma earned in the subreddit to date. The amount distributed each following month will start at 5 million and decrease by 2.5% every cycle, so that the total number of Moons distributed over time will approach a maximum cap of 250 million.

​

Distribution Schedule

What can you do with Moons?

Moons can be traded freely and used for any number of purposes within the community. At this time, they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls.

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New Special Membership

On the Blockchain

Moons exist as ERC-20 tokens on the Ethereum blockchain, where they are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm with blockchain expertise.

As blockchain tokens, Moons are independent of Reddit. Once you’ve earned them, neither Reddit nor moderators can take your Moons away or decide what you do with them. They’re all yours.

Community Points are currently on the **Rinkeby testnet** (through summer 2020). We plan to migrate Community Points to the Ethereum mainnet, and Points balances will be carried over.

How to get started with your Reddit Vault

The first Moons will soon be distributed to every active contributor in the subreddit with at least 100 karma. You can get started by claiming your Moons in the new Vault[3] section of the Reddit mobile app, which includes more details on the start-up process and how Moons work.

3: https://www.reddit.com/vault/

**See the inspiration for Community Points and get started**

Thank you r/CryptoCurrency

We are launching Community Points today in a couple of subreddits that have opted into this experiment and with whom we will be working closely. We are very excited to have you join us in this new beginning and we’re looking forward to seeing what ideas you have for Community Points. We’ll be sticking around to answer any questions you have, so please ask away in the comments below. Thank you!

Comments

Comment by Oxygenjacket at 13/05/2020 at 22:32 UTC*

332 upvotes, 7 direct replies

Damn! I wasn't expecting this to be out so quick.

330 million Reddit users getting an ethereum wallet.

Comment by jarins at 13/05/2020 at 22:20 UTC*

140 upvotes, 9 direct replies

We're still in the process of getting it all rolled out, so some links in the post may not work right now. I will edit this comment when everything is live!

EDIT: Everything is rolled out now!

Comment by AdamSC1 at 13/05/2020 at 22:21 UTC*

1 upvotes, 5 direct replies

Reddit Community Points is a new point system launching in select subreddits.

Users earn these points based on their contributions to Reddit, and can redeem them for various rewards.

Each community has their own points. Today /r/Cryptocurrency is launching "Moons" and /r/FortniteBR is launching "Bricks"

These points exist as blockchain tokens on the Ethereum blockchain (although the are on a test network for now).

If you need an additional support you can check out the unofficial support community /r/CommunityPointsHelp

FAQS

Detailed Threads:

1: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7aed/community_points_faq_english/

2: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7gsr/french_community_points_faq/

3: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7g7y/spanish_community_points_faq/

4: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7bcr/portuguese_community_points_faq/

5: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7e4v/german_community_points_faq/

6: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7auq/russian_community_points_faq/

7: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7epj/mandarin_chinese_community_points_faq/

8: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7ca9/korean_community_points_faq/

9: https://old.reddit.com/r/CommunityPointsHelp/comments/gj7cqz/japanese_community_points_faq/

10: https://medium.com/@adamscochran/what-are-reddit-community-points-13e2a839849b

11: https://nufi.io/fr/que-sont-les-points-de-communaute-reddit/

12: https://nufi.io/es/que-son-los-puntos-de-la-comunidad-de-reddit/

13: https://nufi.io/pt-br/o-que-sao-pontos-da-comunidade-reddit/

14: https://nufi.io/de/was-sind-reddit-community-points/

15: https://nufi.io/ru/%d1%87%d1%82%d0%be-%d1%82%d0%b0%d0%ba%d0%be%d0%b5-%d0%be%d1%87%d0%ba%d0%b8-%d1%81%d0%be%d0%be%d0%b1%d1%89%d0%b5%d1%81%d1%82%d0%b2%d0%b0-reddit/

16: https://nufi.io/zh-hans/%e4%bb%80%e4%b9%88%e6%98%afreddit%e7%a4%be%e5%8c%ba%e7%a7%af%e5%88%86%ef%bc%9f/

17: https://nufi.io/ko/%eb%a0%88%eb%94%a7-%ec%bb%a4%eb%ae%a4%eb%8b%88%ed%8b%b0-%ed%8f%ac%ec%9d%b8%ed%8a%b8%eb%8a%94-%eb%ac%b4%ec%97%87%ec%9e%85%eb%8b%88%ea%b9%8c/

18: https://nufi.io/ja/reddit%e3%82%b3%e3%83%9f%e3%83%a5%e3%83%8b%e3%83%86%e3%82%a3%e3%83%9d%e3%82%a4%e3%83%b3%e3%83%88%e3%81%a8%e3%81%af%e4%bd%95%e3%81%a7%e3%81%99%e3%81%8b%ef%bc%9f/

19: https://medium.com/@adamscochran/what-is-a-blockchain-cryptocurrency-154d56430b35

20: https://medium.com/@adamscochran/what-is-a-blockchain-a-coconut-based-analogy-42d3e556e649

21: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Ffr%2Fquest-ce-quune-crypto-monnaie%2F

22: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fes%2Fque-es-una-criptomoneda%2F

23: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fpt-br%2Fo-que-e-uma-criptomoeda%2F

24: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fde%2Fwas-ist-eine-kryptowaehrung%2F

25: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fru%2F%25d1%2587%25d1%2582%25d0%25be-%25d1%2582%25d0%25b0%25d0%25ba%25d0%25be%25d0%25b5-%25d0%25ba%25d1%2580%25d0%25b8%25d0%25bf%25d1%2582%25d0%25be%25d0%25b2%25d0%25b0%25d0%25bb%25d1%258e%25d1%2582%25d0%25b0%2F

26: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fzh-hans%2F%25e4%25bb%2580%25e4%25b9%2588%25e6%2598%25af%25e5%258a%25a0%25e5%25af%2586%25e8%25b4%25a7%25e5%25b8%2581%2F

27: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fko%2F%25ec%2595%2594%25ed%2598%25b8-%25ed%2599%2594%25ed%258f%2590-%25eb%259e%2580-%25eb%25ac%25b4%25ec%2597%2587%25ec%259e%2585%25eb%258b%2588%25ea%25b9%258c%2F

28: https://medium.com/r/?url=https%3A%2F%2Fnufi.io%2Fja%2F%25e6%259a%2597%25e5%258f%25b7%25e9%2580%259a%25e8%25b2%25a8%25e3%2581%25a8%25e3%2581%25af%25e4%25bd%2595%25e3%2581%25a7%25e3%2581%2599%25e3%2581%258b%25ef%25bc%259f%2F

29: https://medium.com/@adamscochran/how-do-i-create-my-reddit-wallet-reddit-vault-2376d3a88cea

30: https://nufi.io/fr/comment-creer-mon-portefeuille-reddit-coffre-fort-reddit/

31: https://nufi.io/es/como-creo-mi-reddit-wallet-reddit-vault/

32: https://nufi.io/pt-br/como-crio-meu-reddit-wallet-reddit-vault/

33: https://nufi.io/de/wie-erstelle-ich-meine-reddit-wallet-reddit-vault/

34: https://nufi.io/ru/%d0%ba%d0%b0%d0%ba-%d0%bc%d0%bd%d0%b5-%d1%81%d0%be%d0%b7%d0%b4%d0%b0%d1%82%d1%8c-%d1%81%d0%b2%d0%be%d0%b9-reddit-wallet-reddit-vault/

35: https://nufi.io/zh-hans/%e5%a6%82%e4%bd%95%e5%88%9b%e5%bb%ba%e6%88%91%e7%9a%84reddit%e9%92%b1%e5%8c%85-reddit-vault%ef%bc%9f/

36: https://nufi.io/ko/reddit-wallet-reddit-vault%eb%8a%94-%ec%96%b4%eb%96%bb%ea%b2%8c-%eb%a7%8c%eb%93%ad%eb%8b%88-%ea%b9%8c/

37: https://nufi.io/ja/reddit-wallet-reddit-vault%e3%82%92%e4%bd%9c%e6%88%90%e3%81%99%e3%82%8b%e3%81%ab%e3%81%af%e3%81%a9%e3%81%86%e3%81%99%e3%82%8c%e3%81%b0%e3%82%88%e3%81%84%e3%81%a7%e3%81%99%e3%81%8b%ef%bc%9f/

38: https://medium.com/@adamscochran/how-do-i-connect-my-reddit-community-points-vault-to-brave-browser-df57f47d73bc

39: https://nufi.io/fr/comment-connecter-mon-coffre-fort-de-points-de-communaute-reddit-a-brave-browser/

40: https://nufi.io/es/como-conecto-mi-reddit-community-points-vault-a-brave-browser/

41: https://nufi.io/pt-br/como-conecto-meu-cofre-de-pontos-da-comunidade-do-reddit-ao-navegador-brave/

42: https://nufi.io/de/wie-verbinde-ich-meinen-reddit-community-points-vault-mit-brave-browser/

43: https://nufi.io/ru/%d0%ba%d0%b0%d0%ba-%d0%bf%d0%be%d0%b4%d0%ba%d0%bb%d1%8e%d1%87%d0%b8%d1%82%d1%8c-%d0%bc%d0%be%d0%b5-%d1%85%d1%80%d0%b0%d0%bd%d0%b8%d0%bb%d0%b8%d1%89%d0%b5-%d0%be%d1%87%d0%ba%d0%be%d0%b2-%d1%81%d0%be/

44: https://nufi.io/zh-hans/%e5%a6%82%e4%bd%95%e5%b0%86reddit%e7%a4%be%e5%8c%ba%e7%a7%af%e5%88%86%e5%ba%93%e8%bf%9e%e6%8e%a5%e5%88%b0brave-browser%ef%bc%9f/

45: https://nufi.io/ko/reddit-community-points-vault%eb%a5%bc-brave-browser%ec%97%90-%ec%96%b4%eb%96%bb%ea%b2%8c-%ec%97%b0%ea%b2%b0%ed%95%a9%eb%8b%88%ea%b9%8c/

46: https://nufi.io/ja/reddit-community-points-vault%e3%82%92brave-browser%e3%81%ab%e6%8e%a5%e7%b6%9a%e3%81%99%e3%82%8b%e3%81%ab%e3%81%af%e3%81%a9%e3%81%86%e3%81%99%e3%82%8c%e3%81%b0%e3%82%88%e3%81%84%e3%81%a7%e3%81%99/

47: https://medium.com/@adamscochran/how-to-transfer-my-reddit-community-points-to-metamask-4bbb994a0650

48: https://medium.com/@adamscochran/how-to-use-my-existing-wallet-for-my-reddit-vault-e9cc870dbea2

Comment by kaibakker at 13/05/2020 at 23:17 UTC

49 upvotes, 3 direct replies

This is good for ethereum. Does anyone think the $bricks will take off?

Comment by jwinterm at 14/05/2020 at 00:01 UTC

113 upvotes, 7 direct replies

I would just like to mark this occasion by saying

gif [IMG]

Comment by IAmNocturneAMA at 13/05/2020 at 23:21 UTC

38 upvotes, 4 direct replies

Awesome I got 3.8k moons! pls dont hack me for my moons

Comment by aSchizophrenicCat at 13/05/2020 at 23:26 UTC

32 upvotes, 1 direct replies

Woahhh, this is too cool! I was sad when you took away btc payments for reddit gold, but you all have been doing some real interesting work with integrating erc20 token into this site. Love it!

Comment by jpreddit200 at 14/05/2020 at 00:08 UTC

124 upvotes, 7 direct replies

If we can all just stand back for a second and look at this objectively. This is adoption, this is what it looks like, it's slow, it's underappreciated and it's doubted and clunky.

If someone had told me in 2017 that 3 years from now everyone on the subreddit r/Cryptocurrency would have an ETH address, an ERC20 utility token called 'Moons' with visible transaction hashes and tips on how to integrate with Brave Browser which uses basic attention token (BAT) I honestly wouldn't have believed you.

I'm not a moon boy, but this is downright bullish developments IMO.

Comment by Sunny_Yellowstone at 13/05/2020 at 23:53 UTC

27 upvotes, 1 direct replies

The 2020’s are going to be wild. We’re just getting started.

Comment by salsaszn at 13/05/2020 at 23:54 UTC

22 upvotes, 3 direct replies

r/CryptoCurrency would’ve broken Reddit’s servers if this was announced in 2017. What happened?

Comment by [deleted] at 14/05/2020 at 00:31 UTC

20 upvotes, 2 direct replies

Don’t give it to r/wallstreetbets, they just buy puts on $BRICKS! 🌈🐻

Comment by [deleted] at 13/05/2020 at 22:43 UTC

59 upvotes, 1 direct replies

[deleted]

Comment by Chyeadeed at 13/05/2020 at 22:39 UTC

19 upvotes, 2 direct replies

Thats a lot to read. Will it be withdrawable? Maybe traded on uniswap?

Comment by BurlsteinBurl at 14/05/2020 at 02:10 UTC

36 upvotes, 5 direct replies

Hello Crypto community, I am a moderator of /r/FortniteBR, the other subreddit to receive this launch today.

The few people I have interacted with from this subreddit have already left a positive impression on me! As non-experts, us mods there can only provide basic information on how this stuff works.

So if you have visited, or plan to visit our subreddit, thank you! We have a very active user base, and it will be fun to see the future of this project.

Comment by Confucius_said at 14/05/2020 at 01:45 UTC

16 upvotes, 1 direct replies

This is amazing! Long time subscriber to r/Ethereum and r/ethfinance. Happy to see this being rolled out.

Comment by R4ID at 14/05/2020 at 00:51 UTC

14 upvotes, 2 direct replies

whats up with your first "vault" link taking me to a 7 year old post on IWTL?

Comment by ETH_TO at 14/05/2020 at 01:39 UTC

14 upvotes, 0 direct replies

༼ つ ◕_◕ ༽つ ⟠

Comment by [deleted] at 14/05/2020 at 01:39 UTC

12 upvotes, 1 direct replies

[deleted]

Comment by [deleted] at 13/05/2020 at 23:29 UTC

21 upvotes, 1 direct replies

[deleted]

Comment by [deleted] at 14/05/2020 at 02:48 UTC

11 upvotes, 1 direct replies

Welcome to the Ethereum ecosystem everyone! Find out more about how Moons work as an ERC-20 token over at r/ethfinance as most of us had experience with tokenised karma before.

Doesn't hurt to be Ethereum's most active subreddit as well. We're a pretty open-minded bunch so feel free to hop on!

Comment by [deleted] at 14/05/2020 at 10:53 UTC

10 upvotes, 2 direct replies

[removed]

Comment by [deleted] at 14/05/2020 at 00:03 UTC

8 upvotes, 1 direct replies

[deleted]

Comment by Tristan49 at 14/05/2020 at 03:58 UTC

9 upvotes, 4 direct replies

This is an awesome way to get individuals onboarded to Ethereum - most will probably not even realize they are using blockchain. Looks like gas fees will be paid for by Reddit for the time being, great move as paying these fees would complicate the end-user process.

Well done everyone!

Comment by leongaban at 14/05/2020 at 04:49 UTC

7 upvotes, 0 direct replies

This is so awesome! Thanks Reddit! Btw the kids on fortnite are all swagged out lol, and we got 1 guy with a gif username here... just proving a thesis that it will be gen z pushing the early mass adoption.

Comment by randomnomber at 14/05/2020 at 00:33 UTC

6 upvotes, 3 direct replies

I'm getting /r/ethtrader donuts flashbacks.