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segwitnitwit
@segwitnitwit
important clarification. fan token holders do not directly receive moxie. instead that % of moxie rewards from a cast is used to buy those fan tokens and then burn them
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baubergo
@baubergo-
So if I have 100 tokens from someone who makes 10k one day, what exactly I will get?
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segwitnitwit
@segwitnitwit
the more someone makes in a day, the more of their fan token will be bought and burned buying it will increase its price and burning it will decrease the supply
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baubergo
@baubergo-
So you don't get moxie at all by buying fan tokens? What exactly do you get?
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segwitnitwit
@segwitnitwit
you get a token that represents that person/channels engagement the more moxie they earn from engagements on their posts the more moxie is spent on their fan token the higher the price of their fan token at least in theory
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baubergo
@baubergo-
Oh well. I thought you would get a % of their rewards (as $moxie) everything on the site leads to that narrative tbh Are you sure? That would make fan tokens something else completely like one of these card games.
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segwitnitwit
@segwitnitwit
positive. it's what the docs say and what @betashop.eth said. see the quoted cast
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
It’s the same thing You just get the benefit of deciding when you want to realize that value or having it continue to accumulate vs getting moxie right away You can always sell some amount if any fan tokens you hold for moxie So for example if you buy 10 fan tokens for 1000 moxie each (10k total) and a month later those fan tokens are priced at 2000 each moxie, you can sell 1 of the fan tokens and still have 9 fan tokens worth 18000 etc
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baubergo
@baubergo-
Fan tokens will always move up and don't move down in price, right? And you can sell for whom?
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