Moxie Official

Moxiesplaining Journal Day 16: FC The Value of Members' Fan Tokens

It's notable that there are multiple ways for Farcaster Members' Fan Token values to increase:

1) People buy the Members' Fan Tokens.

2) The Members' casts attract significant engagement, which is then reflected in higher Everyday Rewards earnings + price increases for their Fan Token following the daily buy-and-burn cycles.

3) The Moxie token price increases.

One beauty of this design is that disappointing short-term price trends (#3) don’t negate the slow-burn positive-sum compounding effects of #1 and #2 on the value of Members' Fan Tokens (+ the FC network as a whole).

In fact, disfavorable early price trends for the Moxie token may ultimately serve the Farcaster community well, since there's more time to prepare for the influx of interest when people outside FC realize how Fan Tokens work.

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(Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).

airstack

Moxiesplaining Journal Day 15: Fan Token Auction Reflections

My Fan Token auction happened in the first week after Moxie launched.

Several early bidders + friends got priced out by flippers.

This was just before Airstack made an adjustment that altered the immediate post-auction arb opportunity.

Looking at the cost basis vs. current value for the tokens from my own auction that were auto-allocated to me, I see how the daily buy-and-burn gradually narrowed the difference between those figures. (See image - top is from Aug. 6, bottom is Sep. 15).

So as of this week I'm no longer in the red on my own token. By earning Everyday Rewards, I "worked my way back up."

I'd like my priced-out friends to become holders of my Fan Token too, but the price is much higher now.

I could buy my own token and gift it to them. 

But would that be a positive-sum outcome? 🤔 

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(Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).

Moxiesplaining Journal is a 30-day experiment. If you missed Day 15 and earlier, you can catch up here:

Writer, senior editor, music nerd, GenX eldergoth, monastery-bootstrapper. https://paragraph.xyz/@danicaswanson https://tinyurl.com/Black-Stone-Wordsmith

Moxiesplaining Journal is a 30-day experiment. If you missed Day 15 and earlier, you can catch up here:

https://warpcast.com/danicaswanson/0x1f16fca9