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Kieran Daniels 🎩
@kdaniels.eth
Kinda hard seeing people getting 400,000 moxie grants for a few hours of work when I paid $10,000 for 250,000 moxie on aerodrome to support the launch and it was immediately worth $4000. Now worth $1230. Very cool.
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Kieran Daniels 🎩
@kdaniels.eth
@betashop.eth is the plan to bleed the token out until vesting is done and then start supporting liquidity? Hopefully you guys bought tons of moxie for 0.00005 at launch so you can provide liquidity, cause no one else did and we are all rekt.
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Beninem
@beninem
Bad tokenomics. It's way too top heavy with MOXIE emissions way more than MOXIE demand which is only being made up of auction participants. Perhaps this system would have worked theoretically if there was a constant supply of good auctions however the team borked it by starting out with ALL the big-name Farcaster auctions from the get-go. They blew their load too early and now there's not nearly enough good auctions to sustain MOXIE demand for the project. Pretty much every MOXIE holder who bought more will get rekt at this point unless by some miracle a constant stream of huge social media names come to Farcaster to spur MOXIE demand for their auctions...but that is not likekly whatsoever.
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Kieran Daniels 🎩
@kdaniels.eth
Ya honestly this is exactly what happened. There is no demand and will be no demand to buy moxie now because all of the airdrop is spent on big accounts and they provide the make value so no one is selling and no one is going to buy a token that is dumping 20% day over day.
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