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.
35 replies
10 recasts
76 reactions
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.
1 reply
0 recast
6 reactions
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.
2 replies
0 recast
3 reactions
Zach Lipp
@zachlipp
thank you so much, ok, this makes sense to me now. Pretty incredible mechanics so far, can’t get over it, I’ve been rotting away spending 20 years playing fantasy football waiting for a financially viable way to justify the amount of time I spend on it, I believe that I’ve found the answer 🤣
2 replies
0 recast
3 reactions
wake 🎩
@wake.eth
in the end, it's all just spread sheets 😅
2 replies
0 recast
3 reactions
Lauren McDonagh-Pereira
@lampphotography
Zach! Help me
1 reply
0 recast
1 reaction
