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Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 24: Selling Fan Tokens What happens when people sell Fan Tokens? I haven’t sold any yet, and don’t plan to for quite awhile. I plan to lock when Moxie Power launches. But selling is the only way to realize gains, so I imagine most people will sell some of their holdings sooner or later. When that time comes, what factors affect the outcome? A few that come to mind: - every token sold slightly reduces the price for the next buyer/seller - 5% fee (2.5% burned; 2.5% to the Fan Token entity) - taxation (e.g., cost basis and capital gains tax on profits) - slippage (how to estimate?) In some cases it looks like sellers end up with a loss when they were (presumably) hoping to profit. Even after reviewing the docs I still feel unclear on what people end up with when they sell, so I'm hoping to learn in public. Thoughts...? (NFA, of course). (Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).
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bradq
@bradq
This has been very unclear to me. Feels like it's not clear to many and nobody is really thinking about the dynamics at this point. It's not even clear to me if you can always sell a FT on the spot for the current price. Is that always true? If FT are unlimited how does selling affect supply and demand and price?...complete mystery to me. I have never seen a clear explanation of the how the buying and selling works long term. Obviously bullet pts but it's not clear to me which keeps me at a distance. I don't like to invest much in things I can't explain. 🫡
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Danica Swanson
@danicaswanson
Appreciate this take. Thank you for speaking up. I feel strongly about being able to explain things I invest in too, which is one of the reasons I started the Moxiesplaining Journal. I have to think through these things carefully and keep reviewing the docs (and other sources) in order to keep writing these up every day. But even after studying, there's still a lot I don't understand about selling Fan Tokens. Hence this cast. I don't know if you can always sell Fan Tokens on the spot for the current price. Re: "nobody is really thinking about the dynamics": I haven't seen much talk about this either, especially not about the thought processes and outcomes involved in selling. It may be happening somewhere, but if so it's not happening within my purview. I hope with further observation I'll be able to better explain more of the Moxie dynamics over the long term. Moxiesplaining isn't about shilling mindlessly, nor spreading FUD. It's focused on learning and sharing my thought processes.
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