Degen

Moxie protocol burns transactions fees from protocol usage daily. Here's the latest Moxieburn!

🔥 373,386 MOXIE 🔥 

Total burned: 24,954,850 Moxie
https://basescan.org/tx/0x8de52e2bd47c51b9a71d1a24daeca54e4f3fb7b9d49e236f1c07bd4b8e2040e2

I get the pressure from folks selling their daily rewards, and the continued infusion of tokens into circulation…

Yet, I think folks are sleeping on the daily burn 

373K Moxie burned in one day… 

What do you think?  A nothing burger in the face of supply, or meaningful over time?

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

Isn't that the burn from tx fees associated with buying fan tokens with everyday rewards?

There is nothing more powerful in this world than words.

Then until there's non everyday rewards related buying it's a nothing burger for me.

Yup.

It’s a part of the daily rewards, number goes up when folks shift from 20-50-70% rewards for users.