Zenigame 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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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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wake 🎩 pfp

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.

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Okay. But. What if I buy 10 Sunny tokens, and sell 5 for profit? Do I get the frosting off the five, and the original bid goes back to vesting?

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wake 🎩 pfp

it all goes to vesting. then the contract checks to see if the required amount is there or not. if there's more than the required amount, you can take that. assume your airdrop was 5 moxie. if you buy for 5 and sell for 10, 10 goes back to lockup. if you're only required to have 5 vesting, you can take the surplus 5 to use.

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Lost again... What determines how much is "required"? So far, I have spent 66411 locked Moxie on fan tokens. Do I have to sell and relock that full 66411 before I am able to realize any liquid gains?

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Zenigame pfp

nope, you just get the difference 1. 100 Moxie airdrop all put into fan tokens 2. Fan Tokens now worth 150. You sell them for Moxie 3. 100 Moxie airdrop still needs to vest. 50 profit is liquid

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Zach Lipp pfp

you are so good at explaining things clearly, @zeni.eth

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Zenigame pfp

thank you 🙏 believe it or not, before I came to tech, I was a teacher 👨‍🏫

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

And now you're a tech teacher. What did you teach?

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Zenigame pfp

hahaha. Mostly English as a Foreign Language. A little bit of tech. A little bit of business. Quit a couple of years before covid because the industry was looking rough, but still love it!

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

Were you Public? I was a Guidance Counselor pre-kids, and I am struggling to find a job now. Not because my applications aren't being responded to, but because I have only seen 6 positions that I am licensed for pop up within an hour drive of me.

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