Here are some tips for people participating in fan token auctions or trading them

1. Don't get caught in FOMO, which means don't buy tokens just because someone else is buying.

2. When bidding on fan tokens, try to bid on big channels and major accounts because you get 100% Moxie earnings from channels but only 20% from members

3. If you're bidding with big amounts like 100k+ Moxie, always check the total bid value, no matter whose account or channel it is. If they don't have more than 1 million to 2 million total bid Moxie, it's not a good decision to bid on big accounts because some buyers will purchase most of the supply and sell immediately after the auction ends. For example, look at Vitalik's fan token auction It might seem good to bid, right? No it's not. The total bid value is very low, not even 500k Moxie, which is a red flag for big amounts.

4. Always check the number of bidders. If it's lower than 100, it's not good because some people will own most of the supply and will sell it all

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I post Memes, I'm 96 year old child: /chatfcp
Whatever I post is not financial advice always do your own research 

great points by @fuckcoolpussy.eth 
https://warpcast.com/fuckcoolpussy.eth/0x93861413

dad • sr full stack dev • pixel art • Building /360 • ENS degen • https://vision.io/profile/enspiration • /black /btw /king /big

I will keep this in my mind while bidding