Content
@
https://warpcast.com/~/channel/thecurioushermit
0 reply
0 recast
0 reaction
Gwynne Michele
@thecurioushermit
I am not going to bid on my own Fan Token auction because I don't want to artificially drive up the price. I suspect that most bidders will wait until the last few hours in order to avoid being outbid, which means the first couple days are probably gonna be slow - there's been 2 bids since it launched. Auction ends Tuesday morning, so that's gonna be a fun day. I'm still plotting out what sort of perks I might offer my Fan Token holders. Y'all have only seen the tip of the iceberg in what I've got to offer as far as humorous, insightful, and transformational content. Definitely will be sending some of my monthly degen claims to both the fan token holders (by swapping it for moxie and do a buy/burn to increase token value) and also some to the hypersub rewards pool. Cuz Together We Rise and if I can use my chronically online habitual social poster habits to make it profitable for all of us, I'm gonna do so joyously!
2 replies
0 recast
4 reactions
Edward H. Carpenter
@ehcarpenter
I'm curious to know if there's a way to tell when/if Fan Token accounts/channels have "bid up" their own prices... it was something that I saw early on as a potential "hack" to the process. I take it that, based on this post, it is in fact possible to do so.
1 reply
0 recast
0 reaction
Gwynne Michele
@thecurioushermit
I would suspect it's possible to know who, what with smart contracts and wallet address being public. I think it's @rjs who started working on Dune dashboards to track who was doing what with Moxie and Fan Tokens, especially the bigger players. I've seen some people explicitly mention they were going to bid on their own tokens, which to each their own, but personally, that doesn't fit within my boundaries for engaging with crypto and currency in general. Of course, I want profit, I want sustainable income, but not at artificially inflated rates that are bound to collapse if they're pumped too high too soon. I'm a prolific caster - social media has been my jam for decades now - so my Fan Token holders will definitely benefit from holding them, but not if the price is jacked up by speculation and rugged after auction close.
1 reply
0 recast
2 reactions
Ryan J. Shaw
@rjs
I didn't bid on my own because it seems like that would just increase the price and reduce the number of buyers, and the only way for me to profit is to sell, which would reduce the value of people who bought the tokens so... Not seeing much reason to buy my own yet. And yeah I definitely have plans to do some "trader analytics" features on my webapp in a few weeks!
2 replies
0 recast
1 reaction
Gwynne Michele
@thecurioushermit
I can see the advantage of buying your own tokens after the auction in order to boost the value for token holders. But it still seems like there'd be some danger there of artificially inflating the value of the fan tokens. Which of course those looking for a quick profit are likely to do. But I'm here for sustainable community and exploring the possibilities, so creating a bubble in price isn't logical for my strategies. Can't wait to see your webapp! I have a mixed strategy planned of focusing on a balance of creators I adore and want to survive, and fan tokens that are most likely to make a profit because money makes the world go round and trying to avoid profit isn't helpful.
1 reply
0 recast
1 reaction
Ryan J. Shaw
@rjs
I'm still unclear on the optimal use of fan Tokens at this point because the only way for me to profit is for people to sell them. But why would they do that...
1 reply
0 recast
1 reaction
