Moxie Official

airstack

Did the Fan Token bidding frame just change from asking for number of tokens to asking for total volume you're willing to spend?

Or was it always this way and I'm just imagining things?

The Fan Token bidding flow has changed! 

Thanks to those who sent me the @betashop.eth cast. Missed it while asleep 😅

What's new?
Qty of tokens -> Max volume you're willing to spend

Quick take
- It's better.
- Gets rid of bidding using low token counts and very high prices, which is bad for everyone (including the bidder).
- Don't sleep or you'll miss stuff (j/k, mostly)

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Q on why it is bad to have low token # and high price bid? Isn't it the same as long as volume is the same?

it drives the clearing price up unnecessarily (this is my understanding based on conversations from the team)

multiple people were bidding 0.3 tokens for 3,000,000 price

normal numbers are fine

honestly I need to sit down and just work this out because it's not intuitive for me. 

However, I think that the small token huge price creates a long tail in the graph below, shifting the price right.

@yosephks.eth - is this correct?

honestly I need to sit down and just work this out because it's not intuitive for me. 

However, I think that the small token huge price creates a long tail in the graph below, shifting the price right.

@yosephks - is this correct?

Hmmmmmmm. Isn't bidding 1,000,000 (each) for 1 token and 10,000,000 for 0.1 same in terms of effect in clearing price as it's volume we're more concerned?