Moxie protocol burns transactions fees from protocol usage daily. Here's the latest Moxieburn!

🔥 373,386 MOXIE 🔥 

Total burned: 24,954,850 Moxie
https://basescan.org/tx/0x8de52e2bd47c51b9a71d1a24daeca54e4f3fb7b9d49e236f1c07bd4b8e2040e2

I get the pressure from folks selling their daily rewards, and the continued infusion of tokens into circulation…

Yet, I think folks are sleeping on the daily burn 

373K Moxie burned in one day… 

What do you think?  A nothing burger in the face of supply, or meaningful over time?

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

There is nothing more powerful in this world than words.

Yup.

It’s a part of the daily rewards, number goes up when folks shift from 20-50-70% rewards for users.

Isn't that the burn from tx fees associated with buying fan tokens with everyday rewards?

A speck in the sea right now, yet if daily burn keeps climbing 

373K is 136M annual rate or a little over 1.3% of original token supply.

Potentially see this number go up and maybe it makes an impact.

Don’t know, genuinely curious about folks thoughts.

Moxie Stats⬇️ 🔥 

1. Total MOXIE Holders: 89,402 (non-zero balances)
2. Supply:
   - Initial: 10B MOXIE
   - Current: 9,975,808,485 MOXIE
   - Circulating: 1,275,824,885 MOXIE
3. Total Fees Burned: 24,191,515 MOXIE
4. Airdrop 1 + 2 Information:
   - Recipients: 53,158 Unique Wallets
   - Value: 991,090,497 MOXIE
   - Vested: 236,760,508 MOXIE (23.89%)
5. Everyday Rewards Claimed: 181,527,073 MOXIE
6. MOXIE/USD Exchange Rate: 1 MOXIE = 0.0024963 USD
7. Fan Token Statistics:
   - Holders: 4,510
   - Total Fan Tokens Held: 6,177,732
8. Total Value Locked: 385,129,329 MOXIE
9. Daily TVL: 10M
10. Daily Everyday Rewards Claimed: 9,295,605

I think looking at it in this perspective might give some insights to the question:

Total Fees Burned: ~25M  vs.

Everyday Rewards: ~180M

I think looking at it in this perspective might give some insights to the question:

Total Fees Burned: ~25M  vs.

Everyday Rewards: ~180M 

https://warpcast.com/yeoraemyson/0xae2d7af4

I think only around 1 billion moxie is circulating right now so yeah it’s pretty significant that we’ve reached 25 million burned already