KMac🍌 ⏩ ツ
@kmacb.eth
Fan Token activity 🙌 @buy&burn (45.48) BUY 💜💜 2. @oisamaye (5) BUY 💜 Your Fan Token Tracker by @gabrieltemtsen frame-link: https://www.moxie-ops.xyz/frames
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Sheena
@sheena
Ok this may be a super stupid question but jokes on you cuz you cleared me for asking anything before 😂 So let’s say I have 10 Farcaster fan tokens. Could you tell me how I’m earning from it and where does my earned moxie go as if I were a 5 year old? Cant figure it out for the life of me 🤦🏻♀️
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KMac🍌 ⏩ ツ
@kmacb.eth
Every purchase of a given FT goes into a treasury contract/vault. The price of the next FT purchase is preset to increase. Same thing for the selling price. More tokens bought, your earlier tokens go up in value
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Sheena
@sheena
Thanks kmac! A always thought there were more that I didn’t understand with all burn moxie talk! So basically you hold and sell at the appropriate time.
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KMac🍌 ⏩ ツ
@kmacb.eth
Yeah FTs are backed buy Ⓜ️oxie so if that price goes up & your FTs price stays the same you’re winning in dollar terms. Opposite if Ⓜ️oxie goes down. Burning Ⓜ️oxie reduces supply so same demand ‘could’ help price go up.
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Sheena
@sheena
Amazing explanation 🤍 much love
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