Moxie Official

If you’re wondering how and when rewards get shared with Fans

https://build.moxie.xyz/the-moxie-protocol/everyday-rewards

chef at moxie.xyz - the ecosystem for creators on Base. Launch & own Creator Coins. 🔜 Creator Agents with skills to help creators earn, trade & grow!

To be clear: the protocol buys that amount of $MOXIE on the open market? Or is there a token allocation reserved for this? Is it an automated process?

/new-york by day 🗽 /latenightcrew by night :) Fan of eating tacos and bringing people together, often at the same time 🌮 oh and /untzuntz 😈

I'm talking about for the Everyday Rewards. My understanding is that the remaining 50% that gets split between the user's fans (20%), channel's fans (20%) and network's fans (10%) is used to buy more of each of those fan tokens, correct?

Is any new $MOXIE bought by the protocol during that process or the $MOXIE that's rewarded for the cast (provided by Airstack at the moment) is used to buy those fan tokens?

Users pay fees in moxie to participate in auctions. 90% goes into the smart contract. 5% goes to moxie as protocol fees that are burned. 5% goes to buy fan tokens for the subject of the auction. 

Then whenever a fan token is sold, protocol takes a 2.5% out of the proceeds which is burned. 

Buys have no fees.