Moxie Official

here is significantly updated information about how Moxie Fan Token Auctions work according to the smart contract

Simple Guide to Fan Token Auctions

Read carefully and let us know if any questions!

Please 🔁 recast for visibility

https://build.moxie.xyz/the-moxie-protocol/simple-guide-to-fan-token-auctions

Oh wow. This is far from what I imagined.

Curious questions
1. Why go for total amount than total number of tokens for the bids?
2. What will happen if for example

Jason bids 500 ft for 1000 moxie = 500,000 moxie
Bob bids 500 ft for 50 moxie
Sally bids 500 ft for 10 moxie

Clearing price will be 50 but Jason can take all of the 1000 token supply so Bob is just refunded even if the clearing price was based in his bid?

Also this doesn't agree with examples. I thought you'll get your number of tokens bid x clearing price. Then Total moxie bid - new total moxie = refund
@betashop.eth @ipeciura.eth