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๐ฃ๐๐ฃ ๐ฉ
@zoz.eth
There is a opportunity to leverage @moxie.eth for channels The biggest opportunity is to use large channels(wink wink /degen) with large distribution. The fee sharing by default flows down the pyramid in a (50% member, 20% to their Fans, 20% to the Fans of the Channel casted into, 10% to Fans of Farcaster overall) but this is configurable. Letโs say the channel and its users are more aligned to another token(wink wink $DEGEN) and set the rewards 100% to the channel and a smart contract that market sells the $MOXIE and market buys their token of choice(๐) and burns it increase the index rate of the channels user token. Now imagine the majority of the users token is locked and supply side is ever decreasing while the demand is increasing. Hypothetical example of infinite possibilities with the GDP layer of @farcaster
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Joelle LB
@joellelb
I'm still trying to understand moxie lol so ppl can buy fan tokens to get moxie tokens in return? Why not just buy moxie tokens instead? Really struggling to understand the mechanics for channels.
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Sarveshโ๏ธ
@tokenstaker.eth
- Fan tokens can be purchased with moxie tokens from an auction or a bonding curve. - Price of fan tokens in moxie tokens will appreciate as more users buy them. - Fan token gives % ownership of profiles & channels earnings in moxie token. - Fan token can be used to implement many use cases like gated access, channel moderation , revenue sharing etc - of course fan tokens are always liquid can converted back to moxie anytime.
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