/r/CryptoCurrencyMeta
Discuss r/CryptoCurrency, governance, and all things meta!
Welcome to r/CryptoCurrencyMeta. This subreddit is for discussing improvement ideas, Moon governance proposals, and moderation regarding r/CryptoCurrency and affiliated subreddits.
Read the rules. All r/Cryptocurrency rules are enforced here along with few other specific rules. Most especially, witch-hunting/abuses/calling names are not allowed here.
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Please contribute in a constructive manner:
Ideas to develop the sub/bots.
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Discussion of moderation activities.
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/r/CryptoCurrencyMeta
We are committed to expediting further development and reinstating moon distributions, as voted on by the community (https://snapshot.org/#/cryptomods.eth/proposal/0xe0023693d8c263b40378866be5b21f00d89c0c6f3cabb31228475706c8e99c09). After further debate and discussion, the mod team proposes that the best approach is to proceed as an unincorporated DAO for at least the first year and thus defer the plan presented by legal advisors to incorporate a DAO in the Marshall Islands. The community initially authorized payment for legal advice to explore our options here: https://snapshot.org/#/cryptomods.eth/proposal/0xa85cfd6f37e42cdd306d1f0c9cd14b2abf4ed78c755ceabdd422e0fcf814be70. To proceed with Marshall Islands will likely cost an additional ~$15,000 immediately and incur ongoing costs of $5,000 + 3% annual “revenue” tax. It would also lock us into that entity to some extent.
First, it is useful to review the context of the different legal frameworks that DAOs can operate under: https://daos.paradigm.xyz/
Ultimately there are limits to the legal protection that a Marshall Islands approach can offer and many DAOs operating today are not incorporated: https://www.winheller.com/en/business-law/company-law/dao/offshore-dao.html.
As we endeavor to further decentralize this project, it may be wise to at least begin in an unincorporated state and give ourselves more time to evaluate the best path forward - as a community and without the mod team paying legal fees at the outset to lock us into one legal wrapper over another.
In short: Setup a multisig and for the first year at least and continue to burn everything (AMAs/banner/membership/etc) rather than operate as a ‘for profit’ DAO (e.g. flywheel model of accepting rental payments into a treasury and redistributing funds to users). Move TMD (u/TheMoonDistributor) holdings to a multisig wallet. Any custodial tipbot or additional community funds would be at least primarily stored in a multisig cold wallet. Restart distribution with TMD holdings. More details below:
The multisig wallet used will be (Gnosis) SAFE. We would suggest a minimum of 5 multisig key holders and a maximum of 11. This wallet would hold all current assets listed in https://nova.arbiscan.io/address/0xda9338361d1cfab5813a92697c3f0c0c42368fb3 and would entail bridging the MOON balance from Arbitrum Nova to One. It would also custody the cold storage portion of the tipbot and any other custodial services the DAO may provide users, which we propose to set at 95% of the total holdings for any similar service. Multisig would require a threshold of at least 66% of key holders’ signatures to execute a vote.
Candidates to be multisig key holders may nominate themselves or be nominated by others. The requirements for candidacy are having earned at least 5,000 MOON via Reddit distributions and having held at least that balance for a period of six months, or have contributed to the MOON ecosystem in some clear and documented fashion. This proposal would allow for a period of three weeks for candidates to nominate themselves, followed by a one week voting period. A candidate must reach 66% approval to be elected. If there are more than eleven candidates with greater than 66% approval then the eleven with the most yes votes will be chosen. If there are fewer than five candidates with greater than 66% approval then we start over. There is no requirement to undergo KYC to be a key holder. If you are interested in being a candidate or nominating someone else please create a post in r/CryptoCurrencyMeta with the title formatted as “[Multisig Candidate] u/UserName - 0xETHaddress”
The mod team is currently drafting a DAO Constitution, which is a formal document outlining the structure and ‘rules of the road’ for decentralized organizations and their members (see more here: https://legalnodes.com/template/dao-constitution-token-foundation). We plan to share a draft of this document for comment and to seek input from the community. Part of this documentation entails defining set roles and responsibilities. We probably need to fill at least a secretary and treasurer role, and these roles should likely be compensated. It is less clear at this point if we need an executive role or formal roles for banner/AMA coordinators immediately.Any terms and amounts for potential compensation of formal DAO roles will be put to a future vote for ratification by the community before implementing.
This is the legally safest path - we are not accepting any funds from third parties, so it is harder to construe that the collective activities constitute a ‘for profit’ business enterprise. It will also simplify bookkeeping and logistics to some extent.
We will use 399996 MOON from u/TMD to fund a distribution of 33333 MOON per cycle for the first twelve cycles or 336 days (following the same 28 day cycle of previous distributions). This will take us into early 2025, and give us some time to evaluate if we are comfortable redirecting AMA/banner revenue for the purposes of distribution and the legal requirements for doing so. The mod team will honor the community's intent to not inherit the prior rewards formula from former CCIPs: https://snapshot.org/#/cryptomods.eth/proposal/0xa1e976987bbe708872df698c274083df69d60f7cca4049c793f38e4e3ba35b8d. The mod team proposes that - before distributions can be reinstated - the community will vote on which rules should be deprecated and which should be retained.
For the purposes of multisig key holder elections as well as all future elections moving forward (until modified by a DAO Constitution amendment/referendum), all MOONs are equal for voting purposes - there is no concept of earned or unearned MOON. All proposals require a ⅔ majority to pass. All amendments to the constitution will require a ¾ majority. All votes will be conducted on https://snapshot.org/#/cryptomods.eth with the goal of moving proposals to the more trustless, programmatic process in the future by combining SAFE multsig with the existing Snapshot governance setup (e.g., oSnap or SafeSnap module: https://docs.snapshot.org/user-guides/plugins/safesnap-osnap) .
Hey everyone have you ever wanted to direct an entity to rent from CC but weren't sure where to start. I'm working on a solution and would like feedback. Please review this link and the following links nestled inside and leave feedback:
https://www.reddit.com/r/CryptoCurrencyMeta/comments/1c7b10j/cc_ecosystem_buyers_guide_overview/
Leave feedback on this thread, the comments are locked on all pages inside the guide.
The CC Sub offers interested parties the ability to interact with our community by burning Moons. The options are as follows:
The CC Banner is the Banner Image displayed at the top of the CC Sub, for both Mobile and Desktop Reddit. It allows your project to display themselves through a visual that others see when they go to the CC Main Page.
For more information see the in depth overview here: CC Banner Overview
The Event, Giveaway, and AMA category has the most unique users of any option on the CryptoCurrency sub. Importantly all of these topics take advantage of one of two unique sticky slots to pin your post on the top of the CC sub for a given number of days.
You can use this option for pretty much anything that our sub allows. It could be a stand alone link to something you want people to see, a giveaway, a project introduction, an AMA, and many other things.
For more information see the in depth overview here: Event, Giveaway, AMAs and other Overview.
A Guest post is a fully customizable self contained post. Guest Posts are live for six hours at a time and are subject to the upvote/downvote system of Reddit.
For more information see the in depth overview here: Guest Post Overview
A Guest Comment pins a top comment on EVERY NEW POST of the CryptoCurrency sub over a 24 hour period (excluding posts about Sub Supporters). This means that for posts created over a 24 hour period your Guest Comment will be the first comment users see when they scroll through the comments.
For more information see the in depth overview here: Guest Comment Overview
A Guest Poll allows you to ask a single question and have readers choose from between two to six possible answers. Once Posted your Guest Poll will be pinned on the top of the CryptoCurrency subreddit and be live for 24 to 72 hours.
For more information see the in depth overview here: Guest Poll Overview
The largest and longest commitment to the CC Subreddit is the CC Supporter option. This option allows you to be listed for a year as a supporter of the sub at the cost of 60 days of the Base Banner cost, and comes with the various perks.
For more information see the in depth overview here: CC Supporter Overview
If you are interested in any of these options message the moderators of CC using this link.
The largest and longest commitment to the CC Subreddit is the CC Supporter option. This option allows you to be listed for a year as a supporter of the sub at the cost of 60 days of the Base Banner Cost, and comes with the following optional perks:
Once an entity becomes a CC Supporter they will keep their spot in the increased visibility section of the CC Supporter List until they fail to renew or someone above them fails to renew.
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The pricing for Community Supporters are subject to change. If you are interested in becoming one message the moderators of CC using this link.
Guest Comments are the most expensive and arguably most effective single day option that CC offers.
A Guest Comment pins a top comment on EVERY NEW POST of the CryptoCurrency sub over a 24 hour period (excluding posts about Sub Supporters). This means that for posts created over a 24 hour period your Guest Comment will be the first comment users see when they scroll through the comments.
Similarly to Guest Posts, Guest Comments should be completely self contained and have everything in it that you want the viewer to see/click. They can contain: text, graphics, and links.
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The pricing of Guest Comments are subject to change. If you are interested in running a Guest Comment Campaign message the moderators of CC using this link.
Would you like to conduct market research on a CryptoCurrency focused demographic and are comfortable with Convenience Sampling? Than a Guest Poll could be perfect for you.
A Guest Poll allows you to ask a single question and have readers choose from between two to six possible answers.
Once Posted your Guest Poll will be pinned on the top of the CryptoCurrency subreddit and be live for 24 to 72 hours.
Alternatively if you opt for a 72 hour window, you can run up to three questions each for 24 hours.
An optional comment lock can be placed on your poll so users are not able to discuss it.
The results of the poll are not visible until one of two conditions have been met:
You can view the results at any time after voting or by waiting until the voting period ends.
CC Moderators are not able to guarantee a specific number of votes for your poll, we are only able to guarantee the amount of time we will distinguish it on our sub. (1-3 days)
The pricing of Guest Polls are subject to change. If you are interested in a Guest poll message the moderators of CC using this link.
If you're looking for the cheapest Option on the CryptoCurrency Sub, a Guest Post is what you're looking for.
A Guest post is a fully customizable self contained post.
Importantly a Guest post:
As the post is subject to the voting system on Reddit - visibility of a Guest post can vary greatly (usually between 5,000 - 30,000+ views) . To try and maximize visibility it's important to create an engaging Guest Post that you think someone would upvote.
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How Guest Posts work:
There are a total of four Guest Post slots every day, each slot lasts for 6 hours, and they are never ran simultaneously.
At the end of the six hour period Guest posts are deleted from the sub. Advertisers can purchase a single six hour slot or run an extended campaign and purchase every slot for an extended period of time.
As the post is up to advertisers to customize. It should contain things like:
The primary viewers of your Guest Post will be CC users browsing the new section of the subreddit. Running an extended campaign will allow you to continually reach out to this changing audience over the course of the day/multiple days.
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The pricing of Guest Posts are subject to change. If you are interested in running a Guest post or Guest post campaign message the moderators of CC using this link.
The Event, Giveaway, and AMA category has the most unique users of any option on the CryptoCurrency sub. Importantly all of these topics take advantage of one of two unique sticky slots to pin your post on the top of the CC sub for a given number of days.
You can use this option for pretty much anything that our sub allows. It could be a stand alone link to something you want people to see, a giveaway, a project introduction, an AMA, and many other things.
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Important Information for Events, Giveaways, AMAs, etc...:
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Tips for having a successful Event, Giveaway, AMAs, etc...:
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The pricing of Events, Giveaways, AMAs are subject to change. If you are interested in hosting one message the moderators of CC using this link.
The CC Banner is the Banner Image displayed at the top of the CC Sub, for both Mobile and Desktop Reddit. It allows your project to display themselves through a visual that others see when they go to the CC Main Page.
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The CC Banner does not contain clickable elements meaning it should be treated as a visual display only. Although entities could consider adding URLs or QR codes to the banner if you want to redirect viewers somewhere.
The cost of the Banner is based off the following elements:
The pricing of the CC Banner is subject to change. If you are interested in reserving the banner message the moderators of CC using this link.
Yeah just curious. And so then it made me think, hm, where would I go if I wanted to rent the banner (I don’t). But I don’t see any links for it.
Do we not give a clear path for potential advertisers to inquire? Thought we’d have a form or method in place. Do some people who just know about it just reach out to the mods?
Edit: u/mvea responded below, thanks! But while we’re here, any info on our banner rental process I can’t even begin to find on mobile. Shouldn’t we be making this an easy, straightforward process?
Like a tab “Banner Rental” with a calendar of available slots and “contact us”
I posted a rough idea in this sub about a Moon marketing campaign before, and believe that I have enough of it workout to have it voted on by the community.
I posted the full version here, so you can click the link if you want to read it in full. I will try to summarize it here. The campaign has the working title of "Moonrise".
The basic idea is that we need to organize a paid marketing campaign for Moons to be successful. I believe that would could borrow Moons from the Moon distributor to pay for a company to set up a professional marketing campaign for Moons. I have some potential cryptocurrency companies that we could contact and we could also vote on how much to spend on the campaign. I roughly believe that it will cost at least $5000. We could also maybe have a giveaway with Moons. The campaign could advertise the return of Moon distributions to the main sub.
More details would come if we approved this proposal and get an offer from a company.
Currently, the calculation is done by generating a number that directly translates to a set quantity of Moon for the cost of the banner/ama/sponsorship/events.
Which means that the amount of Moons stays the same, but the USD value wildly fluctuates.
Proposal:
Use a similar calculation, but generate a quantity in USD as the base number, so the Moons owed to pay for the banner/AMA/etc.. would be based on a set USD value, regardless of Moon volatility.
So instead of having the price of the banner being set as 7896 moons, and having sponsors pay whatever fluctuating USD value it is that day, it would be set at say $2,600, and the sponsors would pay whatever amount of Moons it takes to have $2,600 worth at the time of payment.
Problem being solved:
Banners are currently calculated at 7,896 Moons.
Cost in USD last month at peak Moon price: $6,158
Cost in USD now after the drop in price: $1,816
The volatility is causing big price discrepancies, despite traffic and views steadily going up.
I posted this idea in the r/Cryptocurrencymoons subreddit, but thought maybe that it would be better suited here.
I think that Moons need a marketing campaign to promote them and take the first step in turning them into a multi-platform CryptoCurrency. Instead of burning all of the Moons received from renting places like the banner, we could sell them to pay for advertising on Twitter. I think that this would be a good way to hype up Moons and make them look more like a legitimate CryptoCurrency.
What does everyone think about this?
As we can already see on the r/CryptoCurrencyMoons sub, where they started relaunching distributions, it's becoming a quantity game again where people are just churning out as many post as they can.
Distribution is calculated by taking your 2 highest posts and 8 highest comments, to determine your karma score.
That's UP TO 8 comments, and up to 2 posts. It doesn't matter if you have no posts or fewer than 8 comments. It's the average that counts.
This will make spamming and low effort quantity farming much less fruitful, and kind of pointless.
It's like they say to artists, you're only as good as your best work.
So even if you got some of your content downvoted, it won't matter. Your best upvoted stuff is what determines your distribution.
This will also close the gap between newbies or casual users, and heavy farmers and karma maxxers. Because quantity is discarded, and the top comments and posts are averaged out.
The only thing that will matter is your 0-2 best posts and your 1-8 best comments.
You get an average karma score for those posts and comments that have positive karma ( 0 and negative don't count).
Your average comment karma is multiplied by 1.5x.
Your post average and your comment average are then averaged out into your final karma score. So it doesn't matter if you only comment and didn't post.
That's the karma score that determines your share of the distribution.
-Keighleigh's 8 best comments got 10, 8, 22, 37, 16, 4, 3, 6 karma (we could use upvotes if karma data is unavailable).
Her best 2 posts have 120 and 16 karma.
Comment karma average: 13. Final comment score: 13 x 1.5= 19.5
Post karma average: 68
Final distribution score: (68+19.5)/2 = 43.75
-Gobi only had 6 comments with positive karma and they were 2, 1, 1, 4, 3, 1.
Gobi didn't make any posts. Final score= 3
-Jeighson's best comments had 189, 19, 11, 3, 8, 7, 14, 9 karma.
Jeighson had no posts. Final score= 48
Notice how this also solves the top comment lottery issue.
-Condo-Lee's best comment had 22, 16, 4, 12, 2, 3, 5, 2 karma. For a comment score of 12.
Condo-Lee's best posts had 281 and 48 karma. Averaging 164.5
Final score= 88.25
((Comment average [only with positive karma and maximum 8 of the highest] x 1.5) + (Post average [only positive and maximum 2 of the highest]))/2 =Karma score for distribution
Problem
Unorganized timing for pinned events, some events events get less time being pinned, others get more time and usually the events stays pinned for 3-4 days.
Solution
Event length is 48 hours, advertisers can extend that by burning more Moons, each 24h extension = 50% Event price.
Examples:
24h Event = 50% Events Price - 0.5x
48h Event = 100% (regular price) - 1x
72h Event = 150% Events Price - 1.5x
96h Event = 200% Event Price - 2x
I understand moons distributions are (or may) be resuming soon.
I thought it could be a great opportunity to immortalise this community becoming independently managed through the release of some CC avatars.
My thinking is as follows:
I anticipate a few rounds of voting:
What does everyone think?
I’m happy to oversee this initiative with the mods.
Last Moon Week the community voted to increase event pricing by 300%, and institute dynamic pricing for banners based on demand. Both were reasonable proposals based on pricing and demand at that time, unfortunately everybody was voting based on inaccurate data. After voting was complete a bug in the calculator was discovered that was keeping base pricing low, and once fixed base pricing for both events and banners increased by ~100%.
Rather than run an emergency governance poll or switch back to pricing in line with the polls the community voted on, the pricing was left where it was. As a result we have had only one AMA booking since, which is a large drop off in activity compared to before when pricing was lower. You can view burns for events and banners here:
I propose we retain the original algorithm set in CCIP-043 along with CCIP-082 for banners, but drop the base price by 50%. Similarly I propose that we drop the base price for events by 50%.
I would also like to include in this proposal that if in the future there are further bugs discovered in the calculator that the price should reflect what the community most recently voted for, and not an arbitrary number that was arrived at through error.
Current pricing
Events: 3,150 Moons
Banner: 7,896 Moons
Pricing if this proposal passed
Events: 1,575 Moons
Banner: 3,948 Moons
Although Sponsored Polls from CCIP-063 have not yet been used on CC. I think they have a lot of potential. They just need a few rule Clarifications/Modifications.
I am proposing the following three rule changes or clarifications:
Reason for #1
Users are able to conduct polls on CC. Getting a sponsored Poll through the CC Ecosystem provides no additional benefit for the entity if it is not pinned.
Reason for #2
Sponsored Poll writers may not want users discussing the results and guessing the purpose of the poll. If they want to disable comments they can.
If comments are enabled Sponsored Polls are not intended as a cheap way to have an AMA. The entity conducting the poll must have minimum engagement in the comments
Reason for #3
Currently a Sponsor can purchase a sponsored poll slot for 24 or 72 hours. If they choose 72 hours they might not want one question. As such we are clarifying entities can ask up to one question every 24 hours. So 3 questions on a 72 hour rental period.
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These Changes are Aimed to make Sponsored Polls more desirable for potential entities.
Sponsored Posts need clarification as to what happens to them after the six hours are up. The options are:
CCIP-069 is not clear on what should happen to Sponsored Posts after the six hour period. As such if we take it at face value we should leave sponsored posts up after six hours. I am proposing that we remove all sponsored posts after the six hour period.
Hypothetically if a single advertiser purchases every sponsored post slot over two days, and uses the same template for every post. Than there will be eight identical posts on the sub over that two day period as a result of the sponsored posts and they would all be up at the same time.
This hypothetical situation does not sound enjoyable to sub viewers and as a result is not ideal. In order to prevent this problem we could remove duplicate sponsored posts and keep one off sponsored posts - however this solution is not consistent and presents multiple potential problems for advertisers who purchase multiple slots such as:
In order to prevent these problems and to be consistent I am proposing that all sponsored posts are removed from the sub after six hours. This way all advertisers will be treated consistently and we are not prioritizing one off sponsors who get to keep up posts for longer. Additionally if we remove a hot post in favor of a new post it isn't hurting the sponsor as that is what would happen regardless of the amount of slots that the advertiser purchased.
This clarification in rules will allow us to better advertise sponsored post slots and will allow us to treat buyers equitably regardless of the amount of slots they purchase. (currently we either risk spamming the sub or treating one off sponsored post purchasers better)