in a couple days we'll release the schedule for the initial 
Farcaster Fan Token Auctions using Ⓜ️oxie protocol! 

In this cast I explain some of the how, what and why on 
Moxie Fan Token Auctions👇 

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 Ⓜ️oxiedrop 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

Founder of the /success channel. Search Marketing Director at Kraken Kratom. 

What's moxie, bro? 

I qualified for a small drop, but I'm not sure what it is still.

Moxie.xyz will do a better job explaining it than me.

Basically it’s a new protocol that lets you buy tokens for a caster, channel, or the entire network. Holding these “fan” tokens entitles you to a percentage of all rewards earned by that entity. 

All casts once moxie launches will generate moxie. So holding the fan tokens will allow you to earn a percentage of the moxie generated by a caster; a channel, or the entire protocol.