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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
Thanks to @bluecockatoo for thoughtful comments in a Fan Token auction thread that got me thinking about this today. https://warpcast.com/bluecockatoo/0x7442f19b
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Blue Cockatoo
@bluecockatoo
Makes me happy that you actually read my take and got something from it! Thanks and I'm always happy to brainstorm on how these things work. It is interesting to me from more than just a profiting perspective, too.
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