wake 🎩 pfp
wake 🎩
@wake.eth
good catch! i didn't know this: if you buy a moxie fan token and sell into profit, the profit difference is yours to keep, no vesting required. The vested amount goes back to jail to finish its 180 day lockup.
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Lauren McDonagh-Pereira  pfp
Lauren McDonagh-Pereira
@lampphotography
Okay @zachlipp @sunnysangwan @betashop.eth Concrete example. I own 11.905 Wake tokens. I paid a total of 5,000 and they are now worth 7,247. So this means I ended up paying 419.99 per token and they are now worth 623.85. Let's say I want to HODL 10 Wakes, but sell 1. The profit on one token is 203.86. I am assuming the 5% fee (2.5% to Wake and 2.5% burned comes off the total), so if I sold one, I would get 592.66 Moxie. That means that after I sold, the original 419.99 MOXIE would go back into my unvested pool, and I would get 172.67 Moxie that I could pull directly to my wallet. Do I understand it correctly?
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Sunny pfp
Sunny
@sunnysangwan
check this out for details https://warpcast.com/betashop.eth/0x931d4469
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Lauren McDonagh-Pereira  pfp
Lauren McDonagh-Pereira
@lampphotography
So I think this makes sense. I am plugging in info from "My assets", figuring out the exact cost per token I paid, subtracting 5% Moxie from the gross, price, then subtracting the cost I paid from that number to come up with the vested moxie per token, should I choose to sell, multiplying that my the current value of moxie to determine the hypothetical USD profit that I could realize right now per token. Are you a math guy? Does my math math? https://docs.google.com/spreadsheets/d/1n3x-FGoNwDhHqdKH4195Tpj4jgooZt2vX37e6hlq6aA/edit?usp=sharing
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Lauren McDonagh-Pereira  pfp
Lauren McDonagh-Pereira
@lampphotography
So follow up Q. By my current understanding and my handy dandy spreadsheet, if I were to sell all of my fan tokens right now and cashed all the moxie right now, I could pull $240.86 in cash out. So... what is my incentive to HODL? That whole moxie buy back 20% thing.... does that just increase the value of the token over time. In theory, if Wake hustles his keyboard and gets a lot of moxie today, will his FanToken be worth more tomorrow?
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Sunny pfp
Sunny
@sunnysangwan
That’s quite a math that I’m under qualified for. I suggest you execute the trade and find the answer. If you don’t like the answer, dump it all back again 🤷🏻‍♂️😅
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Lauren McDonagh-Pereira  pfp
Lauren McDonagh-Pereira
@lampphotography
Well I don't want to cash it all out. But lets say 25% of each. Would I actually get to keep any of that free floating moxie or would it all go back to fix my unvested "debt" of the 66K that I spent from my unvested pool on tokens?
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