Content
@
0 reply
0 recast
0 reaction
BrixBountyFarm 🎩
@brixbounty
$Oil - introducing the Farcaster Community Oil Fund FCOF Word on the streets of farcaster is that there is a fee share for clanker coins. I do not plan on taking any of these fees These fees will be shared with folks who are $OIL Tycoons... How do you become an $OIL Tycoon?
9 replies
23 recasts
125 reactions
niftytime
@niftytime.eth
Are you manually distributing the weth fees to qualifying $oil holders or do you have a split set up to automate it?
1 reply
0 recast
1 reaction
BrixBountyFarm 🎩
@brixbounty
hoping we automate it, will cross that bridge when we get to it. I'm going to post more about the snapshop process later today or tonight. need to connect with @proxystudio.eth to get a better sense of their intended timing for having the next round of fee distribution live.
1 reply
0 recast
2 reactions
niftytime
@niftytime.eth
Thanks for the quick reply Do you have any idea what the % of total fees you’d end up receiving out of the total amount of fees distributed by proxy is?
1 reply
0 recast
2 reactions
BrixBountyFarm 🎩
@brixbounty
They've stated fees are 1% with 60% to proxy 40% to the creator Assuming these fees are in the form of both $OIL and $WETH, I've stated that the $OIL would be burned (to reduce any sell pressure from folks receiving $OIL as fees) and the $WETH would be distributed to the Tycoons and Whales. so I would anticipate .2% or (20% of 1% of volume) to be distributed. if my math is correct that's $3200 at the moment. It will depend on how many of each quality for the distribution. Distributions would be ongoing for folks maintaining positions.
1 reply
0 recast
2 reactions
Ray F. 🎩
@cryptowenmoon.eth
Volume at $2M in less than 24hs 🤯 1%= $20K 40% = $8K, $4K to be burned and $4K for holders. Nice!!!!
0 reply
0 recast
2 reactions
