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Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 3: Rethinking Narratives Observing Moxie Fan Token value flows is prompting me to rethink the mental models of “supporting creators” and “monetizing an audience.” Fan Tokens don’t fit charity or patronage models. Buyers aren’t donating or becoming patrons. Big Moxie rewards earners who don’t yet have Fan Tokens get nudged to launch them, because benefits can flow to their followers and the FC network when they do. Holding Fan Tokens isn’t a loyalty test, either. It’s OK to sell; it's necessary to realize gains. It’s part of the mechanism design. Creators receive a 2.5% fee from every sale. They also benefit from holding other entities’ Fan Tokens. So how much of buying/selling Fan Tokens is motivated by altruism, and how much by self-interest? It's not obvious. Perhaps that's the point. --------- (ICYMI: Moxiesplaining Journal is a daily window into my observations, learnings, and “the view of Moxie from where I sit” as a writer + editor).
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Reeeny
@reeeny
I wonder how it might shift if top fan tokens get a lot of likes for subpar content just because people think they need to support their token? On the other hand there will always be new and interesting people to look out for and chasing the next killer content provider could be what keeps Moxie interesting. I for one love buying Fan Tokens to support, out of belief the price will rise and because I love spending Moxie just for the hell of it.
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