PSA for everyone doing maths on fan token auctions 

1. The floor price is very very low  — everyone can bid 

2. You can bid for and buy more than 1 fan token for a member or channel. When you bid you designate:
a. What price in $moxie your are bidding 
b. How may fan tokens you want to bid for at that price 

3. There will be full transparency on all bids and clearing prices

chef at moxie.xyz | Moxie is your onchain AI assistant—analyzing transactions, unlocking social alpha, and executing trades on your behalf.

Some more fine details

The available supply in the auction = 10% of the member or channel’s followers 

But that’s not the total supply. There is infinite supply once the fan tokens go into the binding curve, increasing slightly in price with every buy and decreasing slightly with every sell 

The initial auction enables fair price discovery before the binding curve