can someone explain the $moxie fan token thing?

proxy studio

Moxie "introduces economic incentives at the *protocol* level"

key features are tokenization ("Fan Tokens"), rewards, and Moxie-denominated economy 

users, channels, and the network (Farcaster) have Fan Tokens that are 
- batch auctioned at TGE for a fixed price 
- trading on a log. bonding curve post-auction 
- serve as utility tokens for users, channels & the network and function within the Moxie rewards system 

example: I earn MOXIE from casts with lots of engagement in /openventures I have a Fan token & the channel has a Fan token. Holders of both would receive MOXIE rewards automatically

goal: grow Farcaster GDP, provide a layer for increased economic activity on the network. 

relevant for users & devs on launch: initial airdrop (10% of the supply), two rounds of retro funding, engagement mining . Basically get involved in Moxie governance, building on Moxie, or stay active building on FC (using Moxie or not) and you'll receive $MOXIE rewards.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

/new-york by day 🗽 /untzuntz by night 😈 Fan of eating tacos and bringing people together, often at the same time 🌮

I still don’t understand what they are. do I create my fan token? How does it work? Is it an erc 20? people buy fan tokens to earn more moxie?

https://warpcast.com/proxystudio.eth/0xda899730

musican. ai artiste. 

designed the channel icon for /relationships 

https://www.gofundme.com/f/stand-with-sera-help-her-get-back-on-her-feet

best I’ve seen was this from the team: https://build.moxie.xyz/the-moxie-protocol

No one cares about your story until the Win ,
So Win !

By the moxie token you can buy and trade fan tokens like artist tokens or...
Why it is so especial?
Cause you can't swapp and sell it directly 🤭

i like pretending i am smart. /lovejoy by day; yoink anytime. we /honk: goosegang.netlify.app ; we dream: /before-i-forget

Petrozavodsk, Republic of Karelia, Russia

I’m still not getting it 😅- how are fan tokens created? are they erc-20s?

i dont understand either so i just assumed a ponzi game

There is a lot of content. 


Farcaster Members are able to buy and sell Fan Tokens from the Moxie smart contracts. 
There are 3 types of Fan Tokens available at launch:
Continued below

There is a lot of content. 


Farcaster Members are able to buy and sell Fan Tokens from the Moxie smart contracts. 
There are 3 types of Fan Tokens available at launch:
Continued below

 https://build.moxie.xyz/the-moxie-protocol/moxie-protocol/fan-tokens