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Jason Goldberg Ⓜ️ 💜
@betashop.eth
in a couple days we'll release the schedule for the initial Farcaster Fan Token Auctions using Ⓜ️oxie protocol! In this cast I explain some of the how, what and why on Moxie Fan Token Auctions👇 Auctions will take place in frames on Warpcast The entire schedule will be posted on airstack.xyz The number of Fan Tokens available at auction = 10% of the Member / Channel's followers Any Farcaster Member with a Moxie Pass can bid Bid using Ⓜ️oxiedrop tokens or any $MOXIE acquired from exchanges Everyone whose bids clear get the Fan Tokens at the same price; the auctions enable fair & efficient price discovery 90% of proceeds go into a bonding curve to ensure continuous liquidity. The bonding curves are logarithmic favoring utility vs. pure speculation 5% goes the Member / Channel owner in the form of their own Fan Tokens 5% are protocol as fees, burned We'll start w a curated schedule. Soon anyone can schedule their own auctions The screenshot below is direction, not the actual schedule
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SchmRdty.eth 🎩
@schmrdty.eth
I’m curious about this and how it’s going to differ in feeling from cards. Not trying to fud, I’m big on airstack was bummed to not be able to use for my last two frames. Maybe next one.
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Start with the letter from the core team many differences … starting with philosophy, protocol not client, skin in the game, dozens of builders building with Ⓜ️oxie already, everyday rewards for quality engagement , etc … https://build.moxie.xyz/the-moxie-protocol/
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