wake
@wake.eth
good catch! i didn't know this: if you buy a moxie fan token and sell into profit, the profit difference is yours to keep, no vesting required. The vested amount goes back to jail to finish its 180 day lockup.
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Zach Lipp
@zachlipp
I didn't realize that caveat. So if I spent 1000 Moxie to buy Sunny's fan token, and then sold it for 1500 Moxie, I get to keep the 500 Moxie and vest it, but the 1000 Moxie that I spent originally goes back to being locked up? Am I understanding this correctly? I suppose I just need to try it, haha.
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wake
@wake.eth
think of it this way: the vesting contract won't let go anything LESS THAN your airdrop amount early (relative to the vesting period). if your airdrop was 2000 MOXIE and you spent 1000 to buy Sunny's Fan Token, you'd have 1000 left in the contract. It WANTS there to be 2000 and slow drips accordingly. You sell Sunny's Fan Token for 2000, returning 2000 to the vesting contract. Now it's happy as a clam; that 2000 + 1000 you still had vesting puts it well over it's contractual obligation. Now there's 3000 total and you can take 1000 and some change. TLDR: The contract won't let you withdraw more than what it's required to have.
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Lauren McDonagh-Pereira
@lampphotography
Okay. But. What if I buy 10 Sunny tokens, and sell 5 for profit? Do I get the frosting off the five, and the original bid goes back to vesting?
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wake
@wake.eth
it all goes to vesting. then the contract checks to see if the required amount is there or not. if there's more than the required amount, you can take that. assume your airdrop was 5 moxie. if you buy for 5 and sell for 10, 10 goes back to lockup. if you're only required to have 5 vesting, you can take the surplus 5 to use.
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Lauren McDonagh-Pereira
@lampphotography
Lost again... What determines how much is "required"? So far, I have spent 66411 locked Moxie on fan tokens. Do I have to sell and relock that full 66411 before I am able to realize any liquid gains?
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