Moxie Protocol

I just learned there is an auction for my fan tokens rn. 

How do these fan token auctions work?

Do people bid for 1 token? If so, what's the supply?

Building @kiwi 
Writing @ https://kanfa.macbudkowski.com/

With this reply you'll get some moxie but to the point. 

1. You enter the number of FT of a person or channel you want to buy. 

2. You enter your bid then. Basically how much moxie you want to place per one FT.

3. The supply is the total amount of FT's people have placed bids on. 

4. The clearing price is the average of all the bids placed. 

5. If your bid is higher than the clearing price, you get the FT's (your total bid / clearing price)

6. Of your bid is lower than the clearing price, you get your moxie tokens back, and can bid for someone else's FT's

IIRC I signed up to be a launch partner or sth so I guess this is the reason

Wait, fan token auctions can be created and start without the approval of the person they’re for?

Congratulations, you've been oversold 102 times
You're a thing. :0lmao

These are the stats for your auction rn.

People can bid any amount they want for any number of your fan tokens. This updates the related stats.

See @airstack.eth link below:

The official account for Airstack, developer of @moxie-protocol. airstack.xyz. On a mission to grow the Farcaster GDP.

These are the stats for your auction rn.

People can bid any amount they want for any number of your fan tokens. This updates the related stats.

See @airstack.eth link below:
https://www.airstack.xyz/fan-tokens?activeTab=auctions