airstack

have you taken time to learn about Moxie Protocol yet?

Moxie Fan Tokens are very different from meme coins. 

Let me tell you why 👇 

Moxie Fan Tokens are carefully designed to favor using them vs. trading them. 

First, only Farcaster Members can purchase Fan Tokens and must have a soulbound Moxie Pass. 

Second, Fan Tokens are initially sold via batch auctions that ensure that the existing Farcaster community can all buy-in to support their favorites at the same fixed price. 

Third, following the initial auctions Fan Tokens are only purchasable or sellable via the Moxie Bonding Curves which are logarithmic curves that don't allow for speculation. 

Fourth, Fan Tokens are all about utility; if you sell it you lose access to features and benefits. 

Finally, there are no secondary markets possible for Fan Tokens.  

learn more 
moxie.xyz

TLDR on Fan Tokens:

>only farcasters can buy them (moxie pass)
>only MOXIE can be used
>at launch, everyone gets in at the same price (batch auction)
>after launch, buy 'em from the curve (like Scoop) and only the curve
>no secondary plus gentle price curve means no parabola price bullshit (less expensive for longer, harder to manipulate)

all very orderly and fair ✨

So at launch it won’t be a bidding war for a @wake.eth fan token? We’ll just all get it at the same price?

I like that

frame developer, web3 developer, long distance runner /pixelnouns /frm /degendogs /degenfers /toka /maxis

There will indeed be a bidding war, in the fan auction. But the bidding war increases the price for everyone. At the end of the auction, only the people that bid high enough ... get to to buy the token .... at same price (as determined by the bidding war). 🤪