Commstark 🎩🫂 on Warpcast

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Alemac pfp

Farcaster new fid register is now <500 per day. What are we doing wrong?

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

ppl came because there was money now there’s no money so they left they need a reason to come and cast Here are reasons heavy users go on social media IMO: 1) to get rich (dream) 2) to get famous (dream) 3) to waste time doom scrolling (habit)

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Alemac pfp

About the money. ‘now there’s no money’? people are earning with moxie. What money there is on x?

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

moxie is dying everyday (for now) ppl sell their airdrops till the price hits zero for crypto we need huge run ups or it goes to zero comparing to another platform doesn’t work. It’s not an us or them it’s a why not us on Twitter ppl have dreams of becoming famous and then getting money by being an influencer (the pay from x is a great thing for them. It will take time to materialize in motivating content creation)

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Maretus pfp

This isn’t actually what’s happening to moxie fwiw. Look at the list of top claimers. None of them are selling. Moxie doesn’t have an issue with sell side pressure. It has an issue buy side. Sells are minuscule. Less than a couple grand a day.

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

i guess, on the one hand it is good to know that there isn't as much selling as I suspected, on the other hand it just reveals the actual problem ...no buying) so if there are less than a few thousand people buying then it'll slide to zero or look at it another way: if it's true that there is no sell side pressure... and the price is going down... what value does moxie have in the market? it has zero value the only current usage for it is buying Moxie Fan Tokens... but if ppl are only using the free airdrops, it's only a matter of time until those ppl sell also remember: in crypto, all people eventually sell into the better currency (USD stable, ETH, or BTC)

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

Moxie has been around for 46 days and is exceeding all early expectations for protocol usage. 400m MOXIE locked in the protocol for fan tokens. 50% growth in last 2 weeks. 1.8B worth of moxie fan token transactions. That’s B for Billion. Circulating supply is down by 300m since launch. >6m fan tokens held Introducing long term locking/staking in a few days. Hundreds of frames and dozens of apps have integrated moxie in meaningful ways 4 partners have already purchased moxie in the open market to power marketing programs for user acquisition and engagement — with many more lined up. Wildcard bought moxie live in our community calls this past week for their campaigns. Matcha, Rainbow, Charmverse all buying moxie. On the consumer side people will buy moxie to get access to special features and benefits. It’s coming We’re building something special and the market will take notice very soon.

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

those are really great stats and I expect long term the project to do well and I respect everything the team has done so far, truly I do but, we must admit, those stats are on the back of free moxie given to people, like me I have over 2M moxie locked up… but that’s drastically different than me spending $10k on something we still don’t have a reason for an outsider (non FC airdrop recipient) to buy moxie and use it this is always the problem in crypto. Why should I buy? Bitcoin has many reasons to buy… eth has them as well… every other coin is typically a copy of eth but with a promise to be cheaper and faster, cool What can an outsider expect to gain by owning moxie and not another coin It’s great to see orgs buy the token and hope they continue. I guess my larger point, to bring it back to my second post in this thread, people won’t come to Farcaster to earn moxie until the price goes up, or there is something they can directly buy with Moxie, something they want 🧵 1/2

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

🧵 2/2 moxie is in a great position right now! It has fame, a user base, and it works. if the team can develop a couple of alternative use cases that offer a reason for someone like a SOL bro to come to base and buy, it can be the biggest utility token in the space but that reason can’t just be a gamble on the price I know you guys are working on these use cases, and they are never easy to build, so I might be stating the obvious

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Maretus pfp

The price doesn’t need to go up to earn well with moxie. You can do well today with the current price. The same questions can be asked of almost every coin out there, minus a few. This is the first coin that’s created this use case which I think you’re missing. Creators and their fans haven’t been able to collaboratively work together and earn together like this ever before. That’s a huge use case and as more creators realize what’s possible and what’s already happening, they’ll continue coming.

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