wake
@wake.eth
Instant. Such as a few minutes ago when someone saw fit to sell 400 tokens, yielding this 👇
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Disky.eth 🎩
@disky.eth
So to understand, someone sold 400 tickets and you get this as a % from the sale?
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wake
@wake.eth
Correct. 2.5% goes to me, 2.5% gets burned. The sold tokens are also destroyed.
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Disky.eth 🎩
@disky.eth
Nice! So it is kinda in your best interest when load of people buy and sell. When they hold you don’t really get anything from it right?
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wake
@wake.eth
Right. Stagnant holding does nothing useful. Drakula is simpler but similar: artists want trade volume, not a bloated token price. If price is too high, no buys. If holders are stubborn, no sales. Ded. That said, Moxie has a couple of mechanisms to keep fan tokens churning, including the Every Day rewards buy-back-n-burn. As long as the /entity/ is active, the fan tokens will appreciate (all else held constant).
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Disky.eth 🎩
@disky.eth
I would believe a lot of users like myself would hold just to get some rewards. As earning rewards from holding could bring in more then simply trying to hustle engagement here as it is unsustainable to cast huge amounts without becoming a bot. However, it’s unclear how much I’m actually getting from token holding rewards. X% of 20% = how much? :p
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wake
@wake.eth
I suspect Airstack will prepare a frame or something that summarizes your gains from natural appreciation and the buy-backs. Those data points will help unearth undervalued fan tokens.
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Disky.eth 🎩
@disky.eth
And overvalued tokens regarding token price/reward ratio.
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