MoonCats, a long-dormant token gathering platform that reopened earlier this month, is now facing the trading bot challenge.
MoonCat collectibles feature 8-bit cats living on the moon, which can be sold or “adopted” by users. The project was launched on August 9, 2017 by developer Ponderware with a fixed cap of 25,500 MoonCats, which will be constructed using a process similar to Ethereum mining.
However, the MoonCats community now fears that the upcoming release of the latest 160 Genesis cats could be hijacked by commercial robots, and users are complaining that Mooncats have been hijacked by robots programmed to collect new kittens at the time of purchase.
MoonCats reopened earlier this month amid the explosive growth of the NFT industry. When collectors were recently introduced to the project, MoonCats NFT was reported to be priced between $ 50 and $ 200. However, prices have risen rapidly since then and MoonCats are now trading at an average of 1 ETH.
The most sought after breed of space cat is Genesis MoonCats – icons that were among the first 256 cats acquired on the platform. Earlier this month, the Genesis MoonCat sold for 100 ETH for about $ 180,000.
With the last 160 Genesis cats waiting for their release, and the MoonCats community dreading they could all be bought by robots, Ponderware is looking to the MoonCats community to decide how to proceed.
On March 17th, the developer released a smart contract survey for MoonCats users asking, “Should MoonCatRescue developers destroy their private key so that Genesis MoonCats aren’t released in the future?”
A “Yes” result will prevent the release of Genesis MoonCats in the future, as the private key for the wallet being held will be deleted. The result means “no” to keep the private key and further discussions between Ponderware and the MoonCats community to create a “fair” distribution method for the latest Genesis cats. The developer stated:
A fair distribution of these cats may not be technically, socially and / or financially impossible. We will work with the community to solve this problem, but it is likely to be a complex and long-term problem. ”
At the time of writing, the survey shows that 72% of the respondents are in favor of destroying the private key, while 28% are against it.
The robots have been causing issues on the NFT website for months. On February 26th, NBA Top Shot was forced to delay the launch of the Premium Pack due to the high level of activity on the platform. Dapper Labs CEO Roham Garegozlaw addressed the delay, stating that the company is not interested in the rapid sales resulting from automated trading software.
In March 2020, Ethereum-based company Axie Infinity tried to control bottle activity by imposing a 30-day ban on all bot-related accounts.