here is significantly updated information about how Moxie Fan Token Auctions work according to the smart contract

Simple Guide to Fan Token Auctions

Read carefully and let us know if any questions!

Please 🔁 recast for visibility

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

Working on Moxie at Airstack| airstack.xyz | moxie.xyz | hihi! 


Building products onchain /thefalsenine /flexclub 🌐 

you receive your tokens at the clearing price, and since you bid more than the clearing price the auction will try to settle your entire order at the clearing price

example: you bid for 10 FT at 10,000 MOXIE each = 100,000 MOXIE total order

it clears at 5000 MOXIE each

You will get 20 FT at 5000 MOXIE, filling your entire order of 100,000 - which is to your benefit as you get more FT at a lower price than you bid

@betashop.eth thanks this is helpful! if I bid e.g. double the clearing price do I receive the fan tokens at the clearing price after the auction closes? or at that double price?

Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

this is a really solid and fair way to so the auctions btw 👌 no alpha by being early or late to the auction, just market based price discovery

I bought $BTC @ $70k
seemore.tv/free/fc/ox-crypto

How about on the selling side sir. Will it be as easy as pressing a single button??

Hey a couple questions about auctions...

Is this user's understanding (image below) correct?
If so, does it matter in this case who bid first?

Wanna be the very best. Building @moxiescout. ゼニゼニ 



you will get refunded 
vesting schedule remains same

If I use my vested token to bid and lost, when I get refund, will that token still vested or unvested?

I think the wording "minus any surplus they bid" can be confusing. 

The section at the bottom uses the text "Winners can claim their Fan Tokens and any MOXIE refund required", which is clearer.

oh ok looks like i got it wrong... ALL the FTs are sold in the auction. I thought if it were under the max qty then only the qty bid for will be sold...

Very interesting model

No rush

Time for think best strategy

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This is what I needed. Was not sure how it works exactly.

super helpful, recasted

would be awesome if there was a way to park these informational casts and frames somewhere for future reference

a “moxie page” of sorts, directly on warpcast

How can I be included in fan tokens for auctions?

Moxie Protocol

The only place I use this sentence in the crypto space ..."seems fair and not looking like you can game the system " ..  love me some /moxie

Seems straightforward enough I can even get it

What if I sell a token after buying it? How do I receive the Moxie back?