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π£ππ£ π©
@zoz.eth
Farcaster Network Fan Token represents a leveraged investment in Moxie & Farcaster. Currently, the Moxie protocol is buying and burning approximately 539 tokens daily (based on an average daily earnings of 370,908 divided by the current fan token auction price of 688). This suggests that in just over two months, it will have bought and burnt the equivalent of the auctioned amount (40,000 tokens). *Please note, this is a rough estimate and changes based on various factors(but who cares). EVERY CAST CONTRIBUTES 10% OF ITS REVENUE TO FARCASTER NETWORK FANS Among all fan tokens, this is the best investment, which is why I used my entire airdrop to buy as many as possible. Additionally, We purchased 2.2M $MOXIE on the open market and allocated all of it to the auction. https://warpcast.com/web3sc.eth/0x8e3a4746
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Luffy
@hinhuk
Also, imo all users will share 20% their earning after the auction end to their fan token owner. So the current earning of them are not exactly right, not to mention they can stop casting. Network is the best choice
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@zoz.eth
I would also mention that that is not a bad thing depending on your investment thesis. The opportunity to invest in 'people' has been missing for sometime. Its a pretty big unlock
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@zoz.eth
Yes spot on.
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Juli π©β
@juli
Farcaster network seems indeed a solid play. Channels will get worse at some point, less interest but offer mid-term good pay. (Likely, theyβll launch other token & see fan token as revenue stream + community tool) Individuals are high risk to stop generating revenue. Hence, need to follow more actively to see if they still make revenue. It would be good for creators to distribute fan tokens somewhat to use as a tool. Aside that itβs a short-term play when Cashflow is (getting) higher than elsewhere and other opportunities.
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