Moxie Official

Working on Airstack.xyz 💜 Moxie.xyz Ⓜ️

@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

founder /openventures | /proxyswap | tokenbot @clanker

any surplus is yours to do whatever you want

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

So if we bought ft for 500 Ⓜ️oxie and then sell it for 1000 Ⓜ️oxie. 500 back to vesting 500 free to use?

"as long as you are alive, opportunities are limitless" #YOLO 🔥

airstack

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

Developer 🤓 build, develop and operate Farcaster solutions @ dtech.vision also love tech, decentralization, fitness and oldschool rap 😎

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