Content
@
0 reply
0 recast
0 reaction
Coop
@coopahtroopa.eth
So my Fan Tokens go live in 1d - I'm cool with it but interesting that the auction just kinda happens without my consent or knowledge of when it's starting? Also don't fully understand how it works or how to think about the pricing of it. Any good resources on Fan Token auctions and if I should participate? Or what a realistic price/market value for these is?
26 replies
3 recasts
33 reactions
tim/vortac
@vortac
In short: - you have 411K followers, so 41K FT will be issued (10%) - There's a 72 hrs auction period - People bid with max Moxie price / token and max Moxie amount willing to spend (either from wallet or unvested contract) - Price is dynamically calculated from all bids - Settling price will be determined at the end of auction. If your bids are successful you get an allocation of tokens to claim, if not you get your bid(s) refunded. - You automatically get 5 % of your own fan tokens as rewards
2 replies
0 recast
0 reaction
Coop
@coopahtroopa.eth
Dynamically calculated price from all bids confusing me. Feel like I have to do mental math to decide how much I want to pay vs being able to just buy a pre-determined price on some sort of curve. "if your bids are successful" doesnt really click for me. If I want to buy it I should be able to. Glad I'm getting 5% - can I sell my own fan tokens? 1000 $DEGEN
5 replies
0 recast
0 reaction
tim/vortac
@vortac
First of all thanks for the tip, appreciate it 🙏 The calculation is supposed to be complicated. Don't try to do the math. You can always follow all auctions on https://www.airstack.xyz/fan-tokens You can see how the price changes if more bids come in and yeah, depending on when you get in during the 72 hrs period, it's a bit of guesswork. You can see the current setting price and the max bid. As with every auction lots of people get in at the end or change their bids accordingly. Well, it's an auction system. That's how it is. Also you can always buy/sell afterwards. And pretty sure you can also sell your own tokens. But tokens held earn you constant Moxie.
0 reply
0 recast
0 reaction
