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Zenigame pfp
Zenigame
@zeni.eth
Moxie Build-in-Public Round 17: Fan Token Burn 🔥 Learning all about Moxie burning today so I can build it into MoxieScout. First step is getting the Burn recognized correctly in the UI. Let's get started!
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Zenigame pfp
Zenigame
@zeni.eth
Here we go! Buy & Burn now available on all pages.
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Kristin Piljay pfp
Kristin Piljay
@kristinpiljay
So the 0x000000000000000 user buys that I see are the buy and burns? They don't show up in red with the text like on yours. Mine looks like this when I'm looking at the site. Used yours as an example.
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Zenigame
@zeni.eth
that's right. I just made this change locally and will push the update later :)
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Kristin Piljay pfp
Kristin Piljay
@kristinpiljay
Do you know why some people's FT's have the buy and burn and others do not? Even if they are very active on FC (so earning more moxie)? I was just analyzing it and wondered about that.
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Zenigame
@zeni.eth
Can you show me examples of ones that don't? As far as I know, they all do.
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Kristin Piljay pfp
Kristin Piljay
@kristinpiljay
wake.eth and dwr.eth don't have them at all. There are no 0x0000000's under fan token orders. I'm wondering though, are the buy and burns triggered when the person claims their rewards? Maybe those two haven't claimed daily rewards yet? @wake.eth - do you claim your daily rewards?
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wake 🎩
@wake.eth
I claim daily. Can't resist.
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EloisΞ pfp
EloisΞ
@eloise
When you say 'claim daily', are you claiming Moxie earned from the revenue of your own casts, or are you claiming earnings from other people's casts through holding their fan tokens?
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wake 🎩
@wake.eth
There is only the former. I claim my portion of moxie earned (by me). Money "shared" with fans via fan tokens is only used to buy fan tokens (increasing value) and burn them (reducing supply). To "claim" or realize value held in fan tokens, sell some.
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EloisΞ pfp
EloisΞ
@eloise
Can it be understood this way: In most cases, the total value of a fan token holder's holdings, priced in Moxie, is always growing, as long as there isn't too much selling pressure?
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wake 🎩
@wake.eth
Yes. From natural buy pressure and the Moxie earning activity of that entity. If they're more or less active, that affects how much moxie they receive and so how much is spent buying and burning. So it's a confidence play on that entity: how active and popular they are, basically.
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