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degen chad 🎩🤫Ⓜ️
@degen-chad
I’m going to serve up a dish 🍽️ for you to chew on before I step out of the Tavern for some football 🏈 NFT floor prices are a myth. That’s just the current price of the shittiest NFT in the collection. They are illiquid and can all go to zero. They also generally have no real utility. Now let’s look at Moxie fan tokens. They have a literal built in floor that rises every day with buy and burn. A rising floor with no ceiling is the definition of positive asymmetric risk. They are always liquid. There is no rug to pull. They have the actual utility of boosting your social capital as well providing you access channels and other token gated activities. Think about this… 🤔 This is why I had zero hesitation locking
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skantan 🎩
@skantyy.eth
the idea of a rising floor with continuous liquidity and utility attached is the game changer. unlike nfts, where the value of the floor is often tied to speculation and conviction. what i would like to confirm is if there has been any project that has launched a fan token model before moxie? i would love to run a comparative analysis between them if they do exist.
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degen chad 🎩🤫Ⓜ️
@degen-chad
I haven’t seen one. The other important factors are the auction (everyone gets the same price) and the curve being logarithmic and not parabolic
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skantan 🎩
@skantyy.eth
that’s very nice, i’ve been speculative about moxie being the pioneer of FTs, i’ve not seen anything like this tbh and i’ve done my research trust me. ps: i love your analysis of the curve 😅
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