Moxie Official

here's what happens when Fan Token auctions end

learn more here

https://build.moxie.xyz/the-moxie-protocol/simple-guide-to-fan-token-auctions

What does point 5 mean? I don’t get it!

So if I am right, auction’s function is only to find the price discovery.

But how could FT have unlimited supply when it is 10% of followers? If someone buy is because someone sell…

There is a fixed supply offered in the auction. This enables price discovery and for everyone interested to buy in for the same price. 

Then once the auction is over, the Fan Tokens have unlimited supply and the price goes up slightly with every purchase and down slightly with every sale.