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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Whose Fan Token is your pick this week for Moxie Monday?
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Paloma Etienne
@palomaetienne
What should I reply to this investor friend about what they said regarding $MOXIE? Hi Paloma, I’ve carefully analysed the project you mentioned, and I want to share my opinion with you. Unfortunately, I see serious issues that make it a high-risk proposition: 1. Lack of Market Volume: There hasn’t been a significant volume of transactions, which indicates there’s no real interest in the tokens and that the project lacks economic viability. 2. Burn Mechanism: The commission burn mechanism virtually eliminates any possibility of financial gain, both for investors and artists. This makes achieving returns nearly impossible. 3. Unilateral Benefit: The only visible beneficiary seems to be the platform behind $MOXIE. While it’s presented as a project to support artists, it doesn’t generate a clear return for them, whereas the platform’s operators appear to be the only ones profiting. In summary: I would never invest in a project like this. It lacks transparency, a sustainable business model
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Paloma Etienne
@palomaetienne
He continues: In summary: I would never invest in a project like this. It lacks transparency, a sustainable business model, and tangible benefits for those involved, beyond the platform operators. I’m very sorry, but in this case, I cannot be your partner for this project.
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