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Jason Goldberg โ๏ธ ๐
@betashop.eth
in a couple days we'll release the schedule for the initial Farcaster Fan Token Auctions using โ๏ธoxie protocol! In this cast I explain some of the how, what and why on Moxie Fan Token Auctions๐ 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 โ๏ธoxiedrop 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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Push ๐ฉ๐ค๐ป
@push-
So anyone right? I can set it up for my profile + channel right?๐๐ค
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Ignas Peciura โ๏ธ
@ipeciura.eth
We'll start w a curated schedule. Soon anyone can schedule their own auctions
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Push ๐ฉ๐ค๐ป
@push-
Can I be curated then?๐๐ค
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Ignas Peciura โ๏ธ
@ipeciura.eth
You just have been curated ๐ Congratulations ๐
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Push ๐ฉ๐ค๐ป
@push-
OH THAT FAST?๐๐ค Moxi is on a whole different level๐๐ปโโ๏ธ BULLISH๐ค๐ป
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