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https://warpcast.com/~/channel/airstack
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
have you taken time to learn about Moxie Protocol yet? Moxie Fan Tokens are very different from meme coins. Let me tell you why 👇 Moxie Fan Tokens are carefully designed to favor using them vs. trading them. First, only Farcaster Members can purchase Fan Tokens and must have a soulbound Moxie Pass. Second, Fan Tokens are initially sold via batch auctions that ensure that the existing Farcaster community can all buy-in to support their favorites at the same fixed price. Third, following the initial auctions Fan Tokens are only purchasable or sellable via the Moxie Bonding Curves which are logarithmic curves that don't allow for speculation. Fourth, Fan Tokens are all about utility; if you sell it you lose access to features and benefits. Finally, there are no secondary markets possible for Fan Tokens. learn more moxie.xyz
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Luffy
@hinhuk
How the rewards will be distributed? Instantly, daily, weekly?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
earned instantly, claimed daily
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Luffy
@hinhuk
Thanks for the answer, do you think it will make the moxie token inflation and be less attractive for token investors?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
I can’t speak about investment considerations I can make clear that there is a burn mechanism https://build.moxie.xyz/the-moxie-protocol/moxie-token
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Luffy
@hinhuk
thanks for the answer, I read it. Just feel that auction won't happen often and only 5% fee will be burned, while there's 15% token supply for engagement mining so the inflation rate will be pretty high at early state(correct me if I'm wrong) I have 2 questions for you @betashop.eth 1. Can Fan token owners/channels can sell their token freely or ONLY can sell token from auction? What is the frequency of the auction and who will decide that(Moxie team or fan token owners)? 2. about 15% engagement mining, will you have fixed amount each day or not?
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