Home / Technology / MoonCats users vote to destroy the keys to the last 160 ‘Genesis’ characters

MoonCats users vote to destroy the keys to the last 160 ‘Genesis’ characters

MoonCats, the long-asleep, tokenized collection platform that was rediscovered earlier this month, now has a problem in its hands – trading bots.

MoonCat’s collectibles depict 8-bit cats living on the moon that can be traded or “adopted” by users. The project was launched on August 9, 2017 by developer Ponderware, with a hard limit of 25,500 MoonCats to be created through a process similar to Ethereum mining.

However, the MoonCats community now fears the upcoming release of the last 160 Genesis cats may be hijacked by trading robots, and users are complaining that Mooncats have been overrun by robots programmed to collect new cats at the moment they can be purchased.

MoonCats was rediscovered earlier this month amid the booming growth of the NFT industry. When collectors recently became familiar with the project, it was reported that MoonCats NFT went for between $ 50 and $ 200. However, prices have since risen rapidly, with MoonCats now trading for 1

ETH on average.

The most coveted breed of tokenized space cats is “Genesis MoonCats” – tokens that were among the first 256 mined on the platform. A Genesis MoonCat sold for 100 ETH worth about $ 180,000 earlier this month.

With the last 160 Genesis cats currently awaiting release, and the MoonCats community fearing that they could all be bought by robots, Ponderware is looking at the MoonCats community to decide how to proceed.

On March 17, the developer launched a smart-contract poll for MoonCats users asking, “Should MoonCatRescue developers destroy their private key so that no future Genesis MoonCats can ever be released?”

A “yes” outcome will prevent the Genesis MoonCats from being released in the future, as the private key to the wallet that holds the cats will be deleted. A “no” result will see that the private key is preserved and further discussions between Ponderware and the MoonCats community to establish a “fair” method of distribution of the final Genesis cats. The developer stated:

“A fair distribution of these cats may prove technically, socially and / or financially impossible. We will work with society to meet the challenge, but it will probably be a complex and protracted problem.”

At the time of writing, the poll shows that 72% of respondents are in favor of destroying the private key, while 28% are against.

Bots have been causing problems across the NFT site for many months. On February 26, the NBA Top Shot was forced to postpone the launch of theirs Premium package due to high levels of tapping activity on the platform. Dapper Labs CEO Roham Gharegozlou addressed the delay, noting that the company is not interested in fast sales generated by trading robots.

In March 2020, the Ethereum-based collector Axie Infinity tried to discipline bottle activity by issuing a 30-day ban on all accounts related to the use of bots.