There's a CoinGecko guide in one of the crypto subreddits, sharing the link here, but you can search on Google how to add your moons to metamask to start moving them.
Sure seems that way. We have solid tokenomics with a set supply & high deflation, a strong, unique, and popular use case that is not replicable by other coins, the backing of the largest crypto forum in the world, top exchange listings and now even the possibility to earn some juicy APY on our holdings or borrow against them.
We have more going for us than 90% of the projects out there, to be honest
Its safe as its been around for years with no issues, but no one knows what the rate going forward is going to be once the incentives by Teller are over
You can earn 15% on Coinbase with just USDC and 22% with ATOM on Kraken. They're legit, it's just that it's crypto so you can do a little more to justify earning those rewards and it's a more volatile asset with risk so the reward has to be a little higher.
Smaller or newer cryptos can usually give you more.
But you're not completely wrong.
You have to watch out when rewards are over 50%, or in the hundreds of percent. Either it's very brief, or it might be scammy.
Some stakings have more risks than others. It depends on the platform, the project, the mechanism, etc...
But if the platform and projects are solid enough, and you're not worried about impermanent loss, then the risk is the usual one with any coins you hold: market crashing and coins losing value.
Timmy (another mod) helped set it up directly with Teller. Teller has done multiple events with us and is back for an AMA this week
This is a post by a regular user so i understand the initial suspicions. We will make an official post about soon. The announcement space is taken by Vultisig right now but our post should go live after that I believe
22% is not that crazy high for crypto. I've had staking with various crypto I've held with 15%-30% with no issue, and they held that yield for more than a year.
Even today, you can get 15% with USDC and 22% with ATOM on major platforms.
Crypto can give you higher yields because of the risk, volatility, and the extra services it gives to hold up that yield.
There's a ton of projects out there giving more than 50%, some hundreds of percent. But once you get into those much higher yields, it usually doesn't last that long, or can be a straight up scam.
The number screams "something is wrong". Ask any financial advisor. Do what you please, but the thought that it's not right is not only valid, but everyone should have it at least once before you do this.
As always, being distributed on the main subreddit to reward content, and then to be used for governance. But also used as a medium for companies to advertise on the sub
If the Marshall DAO gets implemented, that will not only mean giving back the power to the user for their community along with content creation reward, but really being able to expand that to any platform, and creating a self-sustaining economy where the ad revenue on a site is used to reward both users and content creators directly.
They are constantly bought and burned by advertisers to host AMA's or the banner on our sub, the banner is booked out in advance for the next 50 days or so and we started using the banner on r/Cryptomarkets to satisfy the demand.
We also use them for governance on the sub, and now they can also be staked to earn an APY or borrowed against to receive some low interest USDC.
Earning APY on Moons and borrowing against them is insanely cool, deposited a lot already and claimed rewards with no issues
I don’t suppose the ayp was given?
noice. is anyone else having problems using the r/cc beta app?
me, not working for a while now
Current outage of the app:
https://www.reddit.com/r/CryptoCurrencyBeta/comments/1ojdl8q/current_outage_of_the_app/
Read full information here: https://x.com/useteller/status/1983218460646600724
Maybe a dumb question, but how can we start staking the moons, I have them already in my metamask wallet...
are they on Arb One or Arb Nova? You can only stake from Arb One
Thanks for jumping in, currently on Arb nova, is it easy to pass them into Arb one?
Its easy but you have to use the official Arbitrum bridge (just Google it) and wait 7 days before you can claim your Moons.
You have to move the Moons to ETH Mainnet first which takes the 7 days and then it takes 15 minutes to move them to Arb One or Arb Nova
There was a different solution like a couple years back...that didnt necesarrily need the ETH mainnet step and 7 days ...
Yeah, Celer bridge but due to its increasing geo restrictions it kinda fell out of favour with the community
Really ? had no clue ..
Have the Moons on Arb one,
Stake them on Teller, takes like a minute or so
I still have no idea how to access my moons, i do have my seed though.
There's a CoinGecko guide in one of the crypto subreddits, sharing the link here, but you can search on Google how to add your moons to metamask to start moving them.
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How can i earn moons ? in what subs and are they still paid monthly ?
In the r/Cryptocurrency sub and yeah, paid out monthly
Alright so it's kinda like before :-/ karma awarded at the end of the month = rewards , right ?
Correct
Cheers mate 🙂
Yes in r/cc but less amounts than before
Time for moons to pamp?
Sure seems that way. We have solid tokenomics with a set supply & high deflation, a strong, unique, and popular use case that is not replicable by other coins, the backing of the largest crypto forum in the world, top exchange listings and now even the possibility to earn some juicy APY on our holdings or borrow against them.
We have more going for us than 90% of the projects out there, to be honest
Yep hodl so hard
How safe is it? Today it's 22%, what about tomorrow?
Its safe as its been around for years with no issues, but no one knows what the rate going forward is going to be once the incentives by Teller are over
Very safe, Teller has been up and running for 3 years and been audited regularly
22% is an incentive from Teller. It’s up to $100k, so after that it’ll get lower. For example if there’s $200k staked it would be 11%
However if someone starts borrowing USDC against Moons as collateral, then rewards could go up over 60%.
Do you retain your keys? Is there any risk of losing your coins if Teller "fails" or has a bad contract?
No you stake your tokens on their platform. So its not a 100% risk free of course, as always you have to weigh the pros and cons
I see. Thanks a lot for clarification!
22 is unsustainable by anyone. I do not trust those amounts, they scream ponzi to me. Other may trust them, but that number alone tells me no.
This number is only gonna last for a couple weeks or so as its a starup incentive by Teller.
Later on its all gonna be APY produced from organic supplying/borrowing
You may want to do some research on this
That's pretty normal in the crypto world.
You can earn 15% on Coinbase with just USDC and 22% with ATOM on Kraken. They're legit, it's just that it's crypto so you can do a little more to justify earning those rewards and it's a more volatile asset with risk so the reward has to be a little higher.
Smaller or newer cryptos can usually give you more.
But you're not completely wrong.
You have to watch out when rewards are over 50%, or in the hundreds of percent. Either it's very brief, or it might be scammy.
oooh thats cool
Eh. My Moons are still on Nova, can't use them here.
That’s the one caveat. You can always bridge. Maybe if enough moons are on One, Kraken will list us on One too
Unfortunately, not, but at least you can access Kraken if we get a pump once the news reach the main sub and a post is pinned there.
If you wish to use Teller, using the official bridge is very easy but takes 7 days, unfortunately
You can transfer them from Arbitrum Nova Network to Arbitrum One here: https://cbridge.celer.network/bridge/
What are the risks? As someone who lost money on Blockfi and Celsius, I am cautious of this.
The usual risks that all DeFi has, smart contract failures or hacks
In 3 years Teller has never had issues and has had 3 audits which are online and are doing a 4th one now.
You should ask this in their upcoming AMA for sure
Some stakings have more risks than others. It depends on the platform, the project, the mechanism, etc...
But if the platform and projects are solid enough, and you're not worried about impermanent loss, then the risk is the usual one with any coins you hold: market crashing and coins losing value.
Heads up from Teller Team:
There is NO Teller token and has never been one.
This is the scam token address — DO NOT BUY.
We have reported this where possible.
Stay safe."
Sounds like a total scam. Just read the thread on TwitterMod confirms, not a scam. I withdraw my comment
Its literally as transparent as it can be, and from a company that's been in the space for many years with no issues, why would it be a scam lol
Not a scam at all
because you are a mod. Thank you.
Timmy (another mod) helped set it up directly with Teller. Teller has done multiple events with us and is back for an AMA this week
This is a post by a regular user so i understand the initial suspicions. We will make an official post about soon. The announcement space is taken by Vultisig right now but our post should go live after that I believe
Great job :)
awesome
the process was easy, interesting APY!
Anyone done the math on the risk here?
How much will it take to destory moons or this protocol is my question? What fail-safes do they have in place?
They have an AMA this week, please ask them these questions as they’ll be able to answer better than us
Nice, thanks for letting me know.
I love Moons and still believe in them but if something sounds too good (and 22% definitely does), I stay away.
It's not a fixed rate. it's only until we start off and reach around 100k in liquidity, we are at 90k or so now.
Later on, it's all gonna be organic and depending on supply/demand like every other DeFi Dapp
Teller is incentivizing the pool so the rewards are paid out by block. They are buying the moons at market price. There’s no gimmicks
22% is not that crazy high for crypto. I've had staking with various crypto I've held with 15%-30% with no issue, and they held that yield for more than a year.
Even today, you can get 15% with USDC and 22% with ATOM on major platforms.
Crypto can give you higher yields because of the risk, volatility, and the extra services it gives to hold up that yield.
There's a ton of projects out there giving more than 50%, some hundreds of percent. But once you get into those much higher yields, it usually doesn't last that long, or can be a straight up scam.
Then you will lose out because you didn't do the research
<Bernie Madoff has entered the chat>.
The number screams "something is wrong". Ask any financial advisor. Do what you please, but the thought that it's not right is not only valid, but everyone should have it at least once before you do this.
As stated below, it's a Teller incentive that is not gonna last forever. Don't worry.
Awesome hopium :D:D:D
What’s the purpose of moons right now?
As always, being distributed on the main subreddit to reward content, and then to be used for governance. But also used as a medium for companies to advertise on the sub
If the Marshall DAO gets implemented, that will not only mean giving back the power to the user for their community along with content creation reward, but really being able to expand that to any platform, and creating a self-sustaining economy where the ad revenue on a site is used to reward both users and content creators directly.
They have more purpose than ever before nowadays.
They are constantly bought and burned by advertisers to host AMA's or the banner on our sub, the banner is booked out in advance for the next 50 days or so and we started using the banner on r/Cryptomarkets to satisfy the demand.
We also use them for governance on the sub, and now they can also be staked to earn an APY or borrowed against to receive some low interest USDC.
Great news!
In case you can't find Moons, you need to switch to Arbitrum One Network on the website aswell
!remind me 12 hours
I would love to sell mine. How do I do that
Will I see the market fluctuations reflected in my staked coins’ USD amount?
!gas nova