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

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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.

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