The NFT MoonCats project community is concerned that the last 160 Genesis MoonCats tokens will be purchased by bots. Over 70% of participants vote to destroy the private key to the latest NFTs.
Long-dormant tokenized collectibles platform MoonCats re-launched this month. The project was launched on August 9, 2017 by the developer Ponderware with a limit of 25,500 MoonCats. MoonCats collectibles include Moon-dwelling 8-bit cats that users can trade with each other. However, the community fears that the upcoming release of the last 160 tokens could be disrupted as the MoonCats infrastructure is overflowing with trading bots programmed to acquire new NFTs at the time of their release.
MoonCats went live again earlier this month amid the explosive growth of the NFT industry. In early March, the token cost from $ 50 to $ 200. However, prices have risen since then and MoonCats are now trading for an average of 1 ETH. The most sought-after breed of tokenized space cats is the Genesis MoonCats, which were among the first 256 tokens mined on the platform. Earlier this month, Genesis MoonCat was sold for 100 ETH.
With the last 160 Genesis MoonCats tokens currently awaiting release, and the community fears that all of them could be bought by trading bots, developer Ponderware hopes that the community will make a decision regarding the fate of the tokens. On March 17, he launched a poll through a smart contract for MoonCats users: “Should the MoonCatRescue developers destroy the private key so that no Genesis MoonCats can be released anymore?”
If the majority of the users who participated in the survey answer positively, then this will prevent the release of Genesis MoonCats in the future, as the private key of the wallet in which the cats are stored will be deleted. If the majority votes against, then the private key will be retained and further discussions between Ponderware and the MoonCats community will continue to establish a “fair” distribution method for the latest Genesis cats. The developer stated:
“A fair distribution of these cats may be technically, socially and / or economically impossible. We will work with the community to address this issue, but it will likely be challenging. ”
Currently, 72% of respondents are in favor of destroying the private key, and 28% are against. Note that the NFT industry is gaining more and more popularity.
Auction house Sotheby’s said last week that it plans to sell collectible tokens from an anonymous digital artist under the pseudonym Pak as early as next month.
