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Jason Goldberg Ⓜ️ 💜
@betashop.eth
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
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helladj™
@helladj.eth
Moxie fan token auctions?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
learn all about it https://www.moxie.xyz/
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ionspired
@ionspired
You are saying Moxie intends to drive Farcaster “GDP” and it sounds really great — but I understand Moxie will be a separate platform in many ways replicating FC UX. So it is Moxie’s GDP you want to raise using FC user base. Please comment if I am wrong. Thx!
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
No, moxie is not a client it’s a protocol You can use moxie entirely inside of warpcast and other farcaster apps and clients
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ionspired
@ionspired
Oh ok, sorry. So yes it’s like social token launchpad L2 above Farcaster L1. Doesn’t FC have the same direction?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
FC has stated they have no intention of adding any blockchain token
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