Degen

A sufficiently decentralized social network. farcaster.xyz

We're building the Farcaster economic engine. Join us! moxie.xyz. Follow @betashop.eth & @airstack for news! Official contract: link.moxie.xyz/contract

There is a opportunity to leverage @moxie.eth for channels

The biggest opportunity is to use large channels(wink wink /degen) with large distribution.

The fee sharing by default flows down the pyramid in a (50% member, 20% to their Fans,
20% to the Fans of the Channel casted into,
10% to Fans of Farcaster overall) but this is configurable.

Let’s say the channel and its users are more aligned to another token(wink wink $DEGEN) and set the rewards 100% to the channel and a smart contract that market sells the $MOXIE and market buys their token of choice(😉) and burns it increase the index rate of the channels user token.

Now imagine the majority of the users token is locked and supply side is ever decreasing while the demand is increasing.

Hypothetical example of infinite possibilities with the GDP layer of @farcaster

/zoz ✊☀️ autofollow list created #qDAU

when moxie rewards are distributed to Fans of channels, they are distributed in the form of buying and burning the channel's fan tokens, effectively increasing the price of buying more of the channel's fan tokens

Thanks. Yeah your message in the other cast with this explanation debunked the poor mechanism above 🙂

With time it will become much more familiar