Joely 🎩🏰
@joely.eth
Stoned moxie math incoming: So if my replyke gives him... checks frame... 16 Moxie, and I have one of his fan tokens worth 1000 moxie and he gives 90% of his earning back, split among FT holders (18,200 tokens/686 holders), I'm not only contributing back to myself 0.000879 but also to all the other holders of wakes token. And as for the 0.000879 I somehow seemed to earn and have yet to receive, because I created a FT and give 90% away, I'm effectively splitting it even further to people that own my FT, of which I am the primary stakholder (50%). So in theory I should be getting 0.0004 moxies for myself every time I replyke wake. 1/2
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Joely 🎩🏰
@joely.eth
Do they become part of my daily claim? I have absolutely no idea. I mean, is that even close to accurate as to how this works? And, if not, what the hell am I missing? 🤣 Cuz it's gonna take me eons to gather up enough dust that might one day be worth something, unless I become a bot and risk getting banned. The only real investment in that entire scheme that I can see is a bet on @wake. And, frankly, I'm ok with that. Feels good even. The rest of it though... I don't understand why all of that convolusion is necessary, I really don't. 2/2
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wake
@wake
the shape is right; didn't check the math. percentage of moxie "sent" to fan tokens is used to first, buy the token (increasing its price, stepwise), then burn those tokens (lowering the supply but not the price). long and short, you don't get the moxie directly. it's used to drive fan token price up. in order to realize profit, you need to sell those appreciating fan tokens.
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Joely 🎩🏰
@joely.eth
Ok, so that is actually how it works. I feel better now, thanks for putting the right words to it for me! The second paragraph filled in my gaps. 10 $degen
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