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Apologies for the confusion. See you in a few hours!
The admins recently released a new documentation for Community Points that includes changes for all RCPs. Please keep in mind we do not know if these changes are final or if they will be modified in any way before mainnet launch.
Hardcap Removal
Initially 50 million moons were available for contributors based on their participation prior to the start of the Community Points project. After the initial distribution Round 1 began with 5,000,000 moons released, and the distribution schedule at the time called for a 2.5% drop in new issuance each round. The theoretical supply cap from this model was 250,000,000, however as moons that go unclaimed longer than six months are permanently burned this supply cap would have never been reached.
The admins have removed the 250,000,000 hardcap and instead have opted for new issuance to drop 2.5% each round until Moons reach an annual inflation rate of 1% for total supply:
Based on our estimates Moons are expected to reach 1% annual inflation ~10 years from now.
Burned Moons
As stated above Moons that go unclaimed longer than six months are considered permanently burned, however this is not the case for Moons that are burned when buying the special membership or Reddit coins. Half of Moons spent through these methods in a round are permanently burned and the other half are reserved to be reintroduced in the following round:
Reintroduction of Burned Moons
There was a bug discovered by u/IHaventEvenGotADog that prevented these burned moons from being reintroduced. The admins have stated that all of the moons burned from rounds 1-22 from both contributors and the Community Tank were permanently burned, and only going forward will 50% be reintroduced.
Special Membership Price
Due to CCIP - 025 the special membership price in Moons has been dropped from 1,000 to 100:
Based on the recent drop in membership price to 100 Moons and historical membership purchases we expect ~25 - 50k Moons to be reintroduced for contributors each round.
Reddit’s Share
Originally the distribution was divided as follows: 50% for contributors, 20% for Reddit, 20% for Community Fund and 10% for moderators. Reddit has since combined their share with the Community Fund and dubbed it the “Community Tank”:
Upcoming Changes
- As of tomorrow (3/16) posts or comments that are removed by users will no longer be eligible for Moon distribution.
- By Round 25 distribution the Decision Threshold will be calculated as a percentage of Moons that are eligible to vote rather than the total supply. What the percentage will be and whether it remains dynamic based on voting participation is unknown at this time.
Terms of Use
Users have asked why these changes were made without a governance proposal, and the answer is that the admins are allowed to make changes at their discretion per the Terms of Use:
"Reddit does not guarantee that Community Points will continually be offered or will be available for any particular length of time. Reddit may modify Community Points, at its sole discretion, and those modifications may remove or add functionality. In accumulating Community Points, you may not and should not rely upon their continued availability."
Thank you for reading, please feel free to leave your feedback on these changes and we will do our best to forward it on to the admins. If you have any questions we will be hosting a reddit talk in a few hours to cover these topics.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.
RULES & STRUCTURE
All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted on the 1st of every month at 12PM CST and pinned once a week if an open slot is available.
GUIDELINES
Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.
APPROVED CONTRIBUTORS:
RECRUITING CONTRIBUTORS
If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.
Please be aware, this thread is experimental and a work in progress. Expect future changes.
