wake on Warpcast

wake pfp

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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wake pfp

CAVEAT: you get to take the SURPLUS, whatever's in the vesting contract above and beyond your airdropped amount. explainer: you got 100 MOXIE from your airdrop. you spent all 100 on two Fan tokens, 50 MOXIE each. One of those tokens sold for 60 MOXIE. So now you've got 60 MOXIE (sent back to vesting) and 50 MOXIE still locked in that other Fan Token. Because your vesting contract is 100 MOXIE spread over 180 days (your airdrop amount), you're still only gonna get to withdraw 0.55 MOXIE for that day because what's in your vesting contract is still less than your airdropped total. Now imagine you sold that other Fan Token for 60 MOXIE. Now you've got 120 MOXIE total, all in the vesting contract. That extra 20 MOXIE, plus your daily drip feed is yours to claim. cc @betashop.eth for a double check. did i get that right? https://warpcast.com/betashop.eth/0x931d4469

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Zach Lipp pfp

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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Push 🎩🤌🏻 pfp

Push 🎩🤌🏻

Oooh, a little loophole I see👀

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baubergo pfp

Hmmmm interesting but I hope people don't sink the token that way :P

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not_not_Duna 🍖➰🎩 pfp

not_not_Duna 🍖➰🎩

It still leaves an open question. Say I bought FT for 1000 moxie, and it made 500 moxie profit. if I sell 500 moxie worth of FT, will it take the relative part of the cost back to the vested and the relative part of the profit to me?

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Rafaello.base.eth pfp

Rafaello.base.eth

I swear I don’t really understand But is claiming my vested token daily a good idea?

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agrimony↑🎩 pfp

agrimony↑🎩

Good to know thanks! Was wondering if people were gonna dump to avoid the lockup

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Supertaster.degen.eth 🎩 pfp

Supertaster.degen.eth 🎩

@supertaster.eth

Great catch by proxy, proving to be a mastermind once again.

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Mistershot🎩 pfp

Yes it is yours to keep!! 😊

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Just Build pfp

Which makes sense, they shouldn't be locking more and more of your tokens just because you bought with unvested tokens. Good that they thought that through to keep it fair and reduce any friction around buying FT.

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kk pfp

>goes back to jail i giggled

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Max Jackson pfp

https://media.tenor.com/_U5-6zkr7MsAAAAC/if-you-dont-play-the-game-the-game-plays-you-lynette-perry.gif

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SSR🦉 pfp

Haha yeah thats why bit regret when i should buy more 😂 keep moxie spinning

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Himmy 🎩🍖 pfp

damn I didn't know that, you can basically make an unvestable stack just by trading FTs, that's crazy!

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Sunny pfp

join /betyoudidntknow for other fun things I bet you didn't know 😉

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The Dude Bart🐘🌳 ⌐◨-◨ pfp

The Dude Bart🐘🌳 ⌐◨-◨

oh man this is awesome. no-coiners, could never.

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Okay @zachlipp @sunnysangwan @betashop.eth Concrete example. I own 11.905 Wake tokens. I paid a total of 5,000 and they are now worth 7,247. So this means I ended up paying 419.99 per token and they are now worth 623.85. Let's say I want to HODL 10 Wakes, but sell 1. The profit on one token is 203.86. I am assuming the 5% fee (2.5% to Wake and 2.5% burned comes off the total), so if I sold one, I would get 592.66 Moxie. That means that after I sold, the original 419.99 MOXIE would go back into my unvested pool, and I would get 172.67 Moxie that I could pull directly to my wallet. Do I understand it correctly?

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Renée Campbell 🎩 pfp

Renée Campbell 🎩

@sunnysangwan bringing the goods. Love to see it.

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Is there a tool to see what I paid for token vs what it is going for?

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