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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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Jason Goldberg Ⓜ️ 💜
@betashop.eth
this link contains the 411 on Fan Tokens, including the details on the Auctions https://build.moxie.xyz/the-moxie-protocol/moxie-protocol/fan-tokens
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Penguin
@sleepypenguin.eth
Love this. Easy to understand. Just finished understanding the auction and ill be reading the whole thing now
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