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Zenigame
@zeni.eth
Seeing a lot of confusion around how Moxie Casts Rewards and Fan Tokens work (much of it my own!), so I tried to put together a graphic to help. Keep in mind this is all "for now" and could change post-launch. --- There are two ways for a Fan Token to increase in value. 1) People buy fan tokens (this increases the total supply of fan tokens and dilutes your portion) 2) The system buys and burns tokens (no increase in supply, so no dilution) The 20% reward is used for #2: system buying and burning. That is, rather than going to the holder of the fan token directly as a kind of dividend, the 20% Moxie Reward is used to buy and burn Fan Tokens, which increases the price without increasing the total supply. To realize Moxie gains from the fan token appreciation, you’d have to sell it. Note: You can sell fractional amounts (i.e., you don’t have to sell a whole token just like you don’t have to sell a whole 1 ETH at a time).
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Zenigame
@zeni.eth
h/t @sleepypenguin.eth for helping me work this out
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Zenigame
@zeni.eth
@betashop.eth does this look correct?
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TORMENTIAL 🎩
@tormential
I love the variable arrow widths! Great infographic design! 🎭 100 $DEGEN 🍖 x 500 🎩🔥🖤
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Gambino
@greatgambino.eth
Do you know what we’ll use to purchase the tokens? Like will I be able to use my moxie airdrop to go and buy peoples tokens
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WetSocks💦🧦
@wetsocks.eth
people can sell their full airdrop amount on the 29th correct?
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J Finn 🎩
@jdotfinn
Have you figured out what happens to Ⓜ️oxie earned beyond the airdrop? Does the vesting start at 180 days after each batch you earn? Nice graphic btw!
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