Degen

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.  🎩 

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.

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?

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