Fan Token Tavern Ⓜ️

I’ve heard some comments that “Moxie Earn” makes Moxie token more inflationary. The opposite is actually true though. All of the Moxie that is being rewarded through a “Moxie Earn” cast needs to come from either a market buy, or from earned Moxie that is already circulating. There is also a 5% transaction fee that is burned, so it is actually slightly deflationary. 

So, what we can say is that demand potentially increases while supply decreases. If Moxie Promote becomes a popular option for real advertisement, this “should” be beneficial for price in the long run.

great 🧵by @degen-chad on the tokenomics of moxie earn 

Promoters have to buy $moxie to promote (demand)

5% protocol fee is burned with every promote tx 

👇

Im a bit of a degen, but also a chad.
Base Maxi




Thanks for sharing! The burning mechanism sounds interesting; it could help in reducing supply and potentially increasing $moxie's value. I'll definitely check out the thread for more insights. 😊