Reddit Community Points (RCPs) are a blockchain-based digital asset system designed to reward and engage Reddit users. They offer a new way for communities on Reddit to recognize and incentivize contributions. RCPs are built on a blockchain infrastructure, ensuring transparency and security.
We chose to build MoonsDust because the concept of RCPs is revolutionary, especially coming from a multi-billion-dollar Web2 social media giant like Reddit. They are taking significant steps into the world of Web3, and we are excited to be a part of this transformative journey - especially in this early stage of the project.
* Unofficial Reddit Community Points - developed by Reddit Community.
We chose Arbitrum Nova for MoonsDust because it's the
designated chain for Reddit Community Points (RCPs),
aligning perfectly with our ecosystem-building mission.
Additionally, Arbitrum Nova benefits from strong industry
support, with backing from Google Cloud, Reddit, Offchain
Labs, Consensys and others, ensuring a reliable and scalable
foundation for our project.
We are distributing the ownership and revenues of various Reddit Community Point (RCP) ventures - All under our native token MOOND
We believe in DOT (Decentralization of Things). Reddit Inc took a step ahead of other corporations and started decentralizing its platform through RCPs (Reddit Community Points). MoonsSwap was one of the first and major swap services for RCP, making RCPs easily tradable against stablecoins directly from/into the user's Reddit Vault, even when RCPs were on the testnet. We were happy to take part in this innovation, but that's not enough; we are taking our venture to the next level by decentralizing its ownership and building even more RCPs projects.
Another step we took is RCPSwap, which stands for Reddit Community Points Swap, a Decentralized Exchange that operates via Automated Market Making, using the latest DEX Aggregator - xFusion. MoonsBet is the first r/Cryptocurrency MOON casino and Moon2NFT is NFT marketplace to allow direct swaps between Reddit Avatars and Community Points.
All of MoonsDust’s ventures are native to Arbitrum Nova - the network chosen by Reddit to launch RCPs. MoonsDust is powered by the MOOND token, representing ownership of all the developed ventures. Ownership is currently reflected through dividend payments from the revenue of MoonsDust services. Our ultimate goal is to launch MoonsDust DAO, the final step in fully decentralizing MOOND.
THE MOONSDUST ECOSYTEM
MoonsDust and MOOND will unite all of existing and future RCPs Ventures - MoonsSwap, WhalesOTC, MoonsBet, RCPSwap, NovaWhaleAlerts and more!
Transparency and Trust
Currently MOOND is preparing for the next stage of decentralization and transparency - the launch on MOOND DAO on Arbitrum Nova.
We know that what’s relevant today, may not be relevant by tomorrow. We are evolving and expanding our areas of development everyday to stay relevant to the fast growing market.
Staking enables MOOND holders to participate in the distribution of MoonsDust revenue, one of the core features of MOOND DAO.
Once launched, the DAO will replace MoonsDust’s team in the process of decision making. Marking big milestone in the decentralization of MoonsDust and its ventures.
PLATFORMS & TOOLS
Decentralized AMM Exchange For Reddit Community Points
Reddit Community Points DEX deployed on Arbitrum Nova.
Completely Decentralized Exchange, no single point of failure nor centralized servers. Everything is powered by smart contracts and Arbitrum Nova.
Near-instant transactions and almost gas-less fees! Arbitrum Nova is a Layer 2 solution where transactions are fast and ultra cheap.
Uniting liquidity across Arbitrum Nova via xFusion - the first DEX Aggregator on Arbitrum Nova, trade with deeper liquidity and lower slippage.
First DAPP on Arbitrum Nova! Launched and tested few weeks before Nova was available to the public.
OTC Desk For RCP Tokens
Supports all Reddit Community Points OTC trades against BTC, ETH and Stablecoins
Solving the liquidity problem in the RCP market, Liquidity is not an issue anymore.
Facilitating Big Trades that the market can’t handle, while being in trusted hands
Over hundreds of successful trades since 2021, trusted by major community members.
All buy/sell orders are verified via PoF (Proof of Funds), this eliminates market manipulation and creating fake sentiment for investors
Atomic swap exchange service for RCP
Supports all Reddit Community Points swaps against USDC
Extremely convenient service to turn RCP into USDC and the other way around, Fast & Easy.
Deeper liquidity and better prices by aggregating DEX and CEX liquidity
MoonsSwap is user friendly solution, most of Reddit Community Points users are new to Crypto, MoonsSwap helps them trade RCPs with just few simple clicks.
Not your keys not your RCP! We do not hold tokens of our clients, nor do we hold a cold wallet. The Swaps happens instantly and directly after the user send RCP or USDC - without any need for KYC!
The first major usecase for RCPs outside of Reddit
Redditors can now gamble and play with their imaginary earned money on trusted platform.
Various and different types of casino games, Cards, Dice Roulette Plinko in addition to Crypto Prediction games.
Provably fair - don’t trust, verify. To ensure all of our users are playing fair games, game results verification is available via cryptography.
User Friendly, we don’t require wallet connection or smart contracts interaction as our targeted users are mostly from Web2.
Uniting Reddit Community Points and Reddit Avatars under one MarketPlace.
Redditors can easily swap between RCPs and Reddit Collectible Avatars - RCAs.
Fast and convenient bridge between Polygon <-> Nova currently for MOON tokens.
Low fees, simple and user friendly marketplace
Breakdown of Our Token Allocation
24 Aug, 2021
31 Aug, 2021
17 Sept, 2021
0.08$ - 0.12$
MOOND is developing products and tools for Reddit Community Points and Arbitrum Nova, here is our roadmap and milestones
24 August 2021
17 September 2021
MoonsDust Launch (Moons Sales Payouts)
Integration of Moons purchases fees payouts
Listing and providing Liquidity for MOOND on major BSC Swaps
MoonsSwap’s Bricks Sells integration
Integration of Bricks purchases/sales fees payouts
Integration of LTC/MOONS pair on MoonsSwap.
RCPSwap Stablecoin integration
TheGraph NODE API integration (Reddit Arbitrum Node)
RCPSwap Analytic Page
MOOND BuyBack & Burn Implementation
RCPswap launch on Arbitrum Nova
Arbitrum Nova open to the public
RCPswap listing on CoinGecko and CoinMarketCap
MoonsBet launch on Arbitrum Nova
Moon2NFT launch + Polygon bridge
MoonPlace launched and successfully burned 1,000,000 MOON!
xFusion DEX Aggregator launch
RCPs distribution to MOOND holdsrs
MOOND migration from BSC to Arbitrum Nova
RCPswap marketing campaigns
MOOND Launch on RCPswap (MOOND/ETH)
MOOND BuyBack to DAO Tressury
Burn2Advertise banner on RCPswap
Limit and TWAP orders on RCPswap
January - February 2024
RCPs Lending / Borrowing platform
April - May 2024
Below we’ve provided frequently asked questions of MoonsDust (MOOND) & RCPs. If you have any other questions, please get in touch.
What is MOOND?
MOOND is an ownership token developed by MoonsDust, launched on Binance Smart Chain in August 2021. MOOND is now migrating to Arbitrum Nova, and MOOND holders will receive daily profits from MoonsSwap, WhalesOTC, RCPSwap, MoonsBet, Moon2NFT, and any other related RCPs products developed by the MoonsDust team. Our final goal is to launch MOOND DAO on Arbitrum Nova.
How to get MOOND?
You can buy MoonsDust MOOND on RCPswap, ETH/MOOND pair.
Where to store MOOND?
Use a Compatible Wallet: Ensure that you have a cryptocurrency wallet that supports Arbitrum Nova Layer 2 solution built on Ethereum. Popular Ethereum wallets like MetaMask, Trust Wallet, or MyEtherWallet are commonly used.
What are the use cases for MOOND?
MOOND main use case is representation of
Token holders can stake their MOOND in order to receive the revenue from MoonsDust ventures. MOOND holders receive their profits based on their MOOND holdings % compared to the total MOOND staked.
E.g: Joe holds 5% of total MOOND, supply and 100% of the supply is staked, he will receive 5% from the total profits of the subsidiary projects.
E.g: Joe holds 5% of total MOOND, supply and 50% of the supply is staked, he will receive 10% from the total profits of the subsidiary projects.
In the future, MOOND DAO will give vote power to its holders, they will be able to vote for or against any governance topic like: Fees, Development of new Moons products, Listing or Delisting on Exchanges, starting a marketing campaign, raising funds from the community and more.
What is RCPs?
Reddit community points are a feature introduced by Reddit to some of its communities as a way to reward and incentivize active participation within those communities. These points are often specific to a particular subreddit and are represented by tokens or coins with unique names, such as "Moon" for the r/CryptoCurrency subreddit or "Bricks" for r/FortNiteBR.
How to get RCPs?
To get Reddit Community Points, actively
participate in subreddits that offer them
through posting, commenting, and upvoting
RCPs are distributed once in 28 days.
Where do you store RCPs?
You store Reddit Community Points in a digital wallet provided by Reddit called Vault, typically accessible through the Reddit mobile app or website. RCPs can be stored on any EVM wallet as well, just make sure your wallet can support Arbitrum Nova - Metamask is the most popular one.
What are the use cases for RCPs?
Common Reddit Community Points use cases include buying exclusive badges, accessing premium features, voting in subreddit governance, tipping others, converting to cryptocurrencies, and participating in special events, collectible acquisitions and advertising on the specific subreddit.