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@chii-ka
(1/2) I feel that the BASE rewards system could have taken a different direction. If the score calculation were divided into 100%, it should have been allocated as follows: 70% for MOXIE holdings 20% for BASE activity 10% for referrals I hold $25,000 worth of MOXIE, but my score is only 63. I think the system should have encouraged users to purchase MOXIE to increase their scores and facilitated transactions so that those who sold MOXIE would have an incentive to buy it back. Currently, everyone on Warpcast knows about MOXIE, which makes the inclusion of the referral system seem unnecessary.
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@mojtaba-far
I think you're right, and changes need to be made to this system. It should be designed in a way that encourages users to buy MOXIE, rather than just focusing on making transactions. I hope your words reach the MOXIE team.
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chii-ka! pfp
chii-ka!
@chii-ka
I completely agree. Right now, there’s no reason to buy. If the score had been determined mainly based on the amount of MOXIE held, the purchase volume would have increased, leading to a price rise. This, in turn, would have resulted in higher rewards due to the higher price, attracting more participants. And naturally, the purchase volume of FT would have increased as well!
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