Jason Goldberg Ⓜ️ 💜 on Warpcast

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@proxystudio.eth

@betashop.eth @alexcomeau to clarify, if I use vesting moxie to buy Fan Tokens and sell those fan tokens for a profit, is that profit subject to the same vesting terms as my airdrop? I'm assuming yes, but wanted to confirm

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

any surplus is yours to do whatever you want

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@proxystudio.eth

oh interesting! when I sold a few fan tokens, the moxie was transferred back to the vestingcontract, so assumed any profits were vesting

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

IMPORTANT CAVEAT if you put all 180 unvested moxie into Fan Tokens, and they are vesting 1/180th per day lets say 10 of those moxie are used for a FT that you get 20 back on when you sell you now have 20 in your unvested contract, and 160 in fan tokens tomorrow you unvest 1 of 180. And you can withdraw 1. Why? because you can't withdraw all 20 because the 160 you have in fan tokens could lose value. if rather you had put 100 of those moxie into fan tokens that are now they are worth 200 when you sold them, so now you have 200 in your unvested contract and 80 in Fan Tokens. You now have 200-180 = 20 that you can withdraw fee and clear. Make sense? Short story: if you have more in your Unvested Contract than the total amount required to vest, then you can withdraw that surplus

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not_not_Duna 🍖➰🎩 pfp

not_not_Duna 🍖➰🎩

@betashop.eth What if I sell only the profits? Say I bought FT for 1000 moxie, and it made 500 moxie profit. if I sell 500 moxie worth of FT, will it take the relative part of the cost back to the vested and the relative part of the profit to me?

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

Jason has $30 💸 in his piggy bank 🐷 He's allowed to take out $1 every day starting tomorrow 💸 - but he can also use the $30 to buy Apples 🍏 jason buys $30 worth of 🍏 today and lo an behold there's someone who wants to buy Jason's 🍏 for $50! Jason sells the apples and puts $50 💸 in the 🐷 Tomorrow, how many 💸 can Jason take out tomorrow? The answer is 21 💸 because then he still has the required 29 left the next day, 28 the next day, etc.

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Alemac pfp

But if Jason sells his gains ($20 of 🍏), and puts it in the 🐷. How much 💸 could Jason take out tomorrow? $20 (unvested) or $1? I would say $1 because his piggy bank is < $30. He could transfer all what surpas $30, right? Time to go to sleep! 💤😴

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Aunt HoⓂ️ie pfp

Aunt HoⓂ️ie

That’s fantastic I love this. And it actually makes sense 🤣 If would be fun if someone could animate this and make it a fun video 😂 30 $degen 100 $wild 🍖 x500

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darcris pfp

But jason buy again 50$💸 worth of apple. To gain more 😂

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MattwithouttheT 🎩 pfp

MattwithouttheT 🎩

What if Jason also buys Oranges 🍊, but nobody likes 🍊 (including Jason), so he sells them for a loss? It sounds like the 🍏 gains would be locked in, if the loss would bring him under what should be his unvested amount through that date? (I assume FanTokens can be sold for a loss)

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Okay, so what if he spends $30, the apples are worth $50, and he chooses to sell $10 worth. So he puts $10 back in the bank, giving him $10 in the bank, well below the original $30. Can he take any of that the next day or does it all stay locked?

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safail🍖Ⓜ️➰🔵🎩 pfp

safail🍖Ⓜ️➰🔵🎩

And if he sells his 🍏 for $25 ? Buy $30- sell $25 Can he take out $1 next days?

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Push 🎩🤌🏻 pfp

Push 🎩🤌🏻

This is more like my thing even if I already understood (wow) this topic Thanks for the kindergartner explanation

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Li Ai 🍖🎭🎩🚀Ⓜ️ pfp

Li Ai 🍖🎭🎩🚀Ⓜ️

Jason sold the apples for $50 and put the money in his piggy bank.

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M.D Luffy 🤠 pfp

Jason Ⓜ️oxie is cooking 30 👏🏻

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Emily 🎩🃏🍖 pfp

Emily 🎩🃏🍖

You should be a teacher, Jason, you are great at it😂🩷😍

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Dr B lizardo pfp

@bluelizardo.eth

What if Jack and Max come in, buy up all the apples, and flip them fast?

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baubergo pfp

Then, you need to sell all your position and profit to take out the profit out of the vested “prison”, right? If you sell just the difference, it will count as only one part of the vested, right? I think this is super smart to keep less pressure in selling btw

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SSR🦉 pfp

@betashop.eth surplus not work, i try all of this yesterday. this doesn't work for me sir. I stil only got $1 from piggy bank. Surplus is locked 😅.

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@themuyideen.eth

I get now, but man this explanation takes me back😂😂😂

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HopSlam pfp

This is what I needed. Everything should be explained with apples. 60 $degen

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not_not_Duna 🍖➰🎩 pfp

not_not_Duna 🍖➰🎩

Thank you so much for the explanation. @betashop.eth But I have another riddle. What if Jason bought 5 apples with 30$ from the unvested money and another 5 on the market from his own money. when he sells 5 apples where does the money go? (make sense that it first goes to whereever he got it from first). What if he sells 6? What if it was the other way around? (first from wallet, then from unvested?) Appreciate you helping us ❤️

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lilly 🥀 pfp

my math is mathing for this apple 🍏

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