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Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 16: FC The Value of Members' Fan Tokens It's notable that there are multiple ways for Farcaster Members' Fan Token values to increase: 1) People buy the Members' Fan Tokens. 2) The Members' casts attract significant engagement, which is then reflected in higher Everyday Rewards earnings + price increases for their Fan Token following the daily buy-and-burn cycles. 3) The Moxie token price increases. One beauty of this design is that disappointing short-term price trends (#3) don’t negate the slow-burn positive-sum compounding effects of #1 and #2 on the value of Members' Fan Tokens (+ the FC network as a whole). In fact, disfavorable early price trends for the Moxie token may ultimately serve the Farcaster community well, since there's more time to prepare for the influx of interest when people outside FC realize how Fan Tokens work. ---- (Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).
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ArtStudio48
@artstudio48
Well said. Had to read it twice though to understand that it wasn’t a sequence of events, but merely examples of possible events. 50 $wild
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Danica Swanson
@danicaswanson
That's helpful feedback. Thank you. If I ever edit these journal entries to turn them into something more polished than casts, I'll keep that in mind!
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