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Jason Goldberg 鈸傦笍 馃挏
@betashop.eth
in a couple days we'll release the schedule for the initial Farcaster Fan Token Auctions using 鈸傦笍oxie protocol! In this cast I explain some of the how, what and why on Moxie Fan Token Auctions馃憞 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 鈸傦笍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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Hands Of Gold 鈿金煆橈笍馃帺
@thatweb3guy
Hello Jason, quick one, can someone transfer fan token to another user, and can I own more than one fan token from same channel or member
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Jason Goldberg 鈸傦笍 馃挏
@betashop.eth
Fan tokens can only be sold/transferred back to the contract, not user to user You can hold more than 1 fan token from same channel or user
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