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Robotandkid
@robotandkid
Really wish there was still a channel like /cryptoart-school for things like this. It's a shame @stellabelle left :(
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wake 🎩
@wake.eth
the avg is likely accurate. are you clear on how fan tokens earn? ie, they don't send you money?
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Robotandkid
@robotandkid
> they don't send you money? Hadn't realized that. 😮 How do fan tokens earn?
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wake 🎩
@wake.eth
heh, yeah. it's a common mistake. let's use me as an example, just to keep things simple. wake earns 10000 moxie per day as a part of Airstack's everyday rewards airdrop campaign. by default, wake would get half of his rewards; his fans would get 20%, the channel he casted in would get 20%, and the farcaster network token gets the remaining 10%. but wake changed that default to send /all/ of his everyday rewards to wake fan token holders. as set, wake gets no everyday reward moxie. so how do his fans earn at all? the moxie sent to fan token holders is /not/ sent directly to fan wallets or made available to claim. instead that moxie is used to BUY fan tokens (increasing the price) and BURN them (reducing the supply). This increases the fan token price without also increasing the supply. it's a clever setup that works because fan tokens use bonding curves, not liquidity pools. https://build.moxie.xyz/the-moxie-protocol/moxie-protocol/fan-tokens
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Robotandkid
@robotandkid
so fans "earn" because their tokens become more valuable? if so, not sure I like this as much. It's like friendtech but more steps.
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wake 🎩
@wake.eth
can't speak to fren tech. would also encourage you to read the actual docs; there more to it, some if it complicated on the backend and simple on the frontend. but yup, you speak true. fan tokens rise in value over time and holders are encouraged to sell to lock in moxie gains.
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