Moxie Official

in a couple days we'll release the schedule for the initial 
Farcaster Fan Token Auctions using Ⓜ️oxie protocol! 

In this cast I explain some of the how, what and why on 
Moxie Fan Token Auctions👇 

Auctions will take place in frames on Warpcast
The entire schedule will be posted on airstack.xyz 

The number of Fan Tokens available at auction = 10% of the Member / Channel's followers

Any Farcaster Member with a Moxie Pass can bid

Bid using Ⓜ️oxiedrop tokens or any $MOXIE acquired from exchanges

Everyone whose bids clear get the Fan Tokens at the same price; the auctions enable fair & efficient price discovery

90% of proceeds go into a bonding curve to ensure continuous liquidity. The bonding curves are logarithmic favoring utility vs. pure speculation

5% goes the Member / Channel owner in the form of their own Fan Tokens

5% are protocol as fees, burned

We'll start w a curated schedule. 
Soon anyone can schedule their own auctions

The screenshot below is direction, not the actual schedule

Will the auction start simultaneously for all channels?

I understand.
I'm very excited and looking forward to the schedule.