Wowow dude. That’s quite a lump sum. I guess I need to read more about moxie as im not 100% sure what burning it does for you/r holders. As a holder of your moxie token though 😆 🙏  thanks!?

Moxie Official

Former skydiver, current lecturer, lawyer & Nat Geo C. awardee photographer from Turkey /curatedbydilek
https://linktr.ee/fdilekyurdakul


the key thing to understand is "bonding curves." if you understand that fan tokens are priced according to a bonding curve - and how moxie is held by that bonding curve contract - the rest should make sense.

when a fan token is purchased, the moxie isn't "spent" - it's "stored" inside the contract. that's why fan tokens have value: they can always be traded for some deterministic amount of moxie.

specific to bonding curves, whenever 1 fan token is purchased:
✔️ price moves up one step
✔️ token quantity moves up one step

whenever 1 fan token is sold:
✔️ price moves down one step
✔️ token quantity moves down one step

BUT, if you buy and DESTORY the token instead, that money stays inside the token's contract FOREVER.

whenever 1 fan token is bought and burned:
✔️ price moves up one step
✔️ token quantity moves down one step

see the functional difference yet? buying and burning stores money inside the token contract AND reduces the supply FORCING token price to increase.

gave up on trying to make it in the cool kids club.

10/10 
Thanks for the breakdown!
Bonding curves man!