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π£ππ£ π©
@zoz.eth
There is a opportunity to leverage @moxie.eth for channels The biggest opportunity is to use large channels(wink wink /degen) with large distribution. The fee sharing by default flows down the pyramid in a (50% member, 20% to their Fans, 20% to the Fans of the Channel casted into, 10% to Fans of Farcaster overall) but this is configurable. Letβs say the channel and its users are more aligned to another token(wink wink $DEGEN) and set the rewards 100% to the channel and a smart contract that market sells the $MOXIE and market buys their token of choice(π) and burns it increase the index rate of the channels user token. Now imagine the majority of the users token is locked and supply side is ever decreasing while the demand is increasing. Hypothetical example of infinite possibilities with the GDP layer of @farcaster
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wake
@wake.eth
good try. won't happen. it's dead.
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Jason Goldberg βοΈ π
@betashop.eth
when moxie rewards are distributed to Fans of channels, they are distributed in the form of buying and burning the channel's fan tokens, effectively increasing the price of buying more of the channel's fan tokens
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helladjβ’
@helladj.eth
Money go to top of pyramid?
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Catch0x22
@catch0x22.eth
I love moxie Moxie is love
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Joelle LB
@joellelb
I'm still trying to understand moxie lol so ppl can buy fan tokens to get moxie tokens in return? Why not just buy moxie tokens instead? Really struggling to understand the mechanics for channels.
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Bitfloorsghost
@bitfloorsghost.eth
Love the way you think king
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