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Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 24: Selling Fan Tokens What happens when people sell Fan Tokens? I haven’t sold any yet, and don’t plan to for quite awhile. I plan to lock when Moxie Power launches. But selling is the only way to realize gains, so I imagine most people will sell some of their holdings sooner or later. When that time comes, what factors affect the outcome? A few that come to mind: - every token sold slightly reduces the price for the next buyer/seller - 5% fee (2.5% burned; 2.5% to the Fan Token entity) - taxation (e.g., cost basis and capital gains tax on profits) - slippage (how to estimate?) In some cases it looks like sellers end up with a loss when they were (presumably) hoping to profit. Even after reviewing the docs I still feel unclear on what people end up with when they sell, so I'm hoping to learn in public. Thoughts...? (NFA, of course). (Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).
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Danica Swanson
@danicaswanson
Note: It isn't my intention with today's journal entry to encourage anyone to sell, nor to do anything in particular with their Fan Tokens. It's completely up to them. Anyone who knows me well knows I'm in this for the long term. I'm treating this journal kind of like a university class; the idea is for me to think through the processes in public and learn in ways that enable me (and others too, ideally) to make informed decisions.
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