betashop.eth on Farcaster

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https://warpcast.com/~/channel/airstack

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Jason Goldberg pfp

clearing up a couple of common Moxie misperceptions: 1. So much Moxie is being farmed that the amount of daily rewards emissions is skyrocketing. FALSE. See the actual chart below. It's stable. And Farmers are sent to jail right away and don't get to claim rewards. 2. So many people are claiming their Rewards and dumping them. FALSE. Much of rewards earned remain unclaimed every day, and the amount of Rewards used to buy Fan Tokens is very very high in comparision

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Maretus pfp

Thanks for sharing this Jason. So, knowing this then, it seems the issue is buy pressure currently. Do you think there are any catalysts that will impact buy pressure beyond Farcaster growth in general?

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Alemac pfp

Data is data. Daily rewards emissions is not skyrocketing. Every day there are fewer interactions and therefore less MOXIE is emitted. But that amount is increasingly distributed among the same group of people. If it is used in the protocol, what is the reason for the sales ladder? Low liquidity? Any ideas to encourage adding liquidity? Some thoughts, nothing against the team, which I see all the time building and improving.

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@fuckcoolpussy.eth

We need more liquidity for $moxie and market makers to stabilize selling pressure and price volatility, do you have any plans for this?

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Max Jackson pfp

Only makes sense that there would be an initial sell-off from any new coin before the first wave of builders show up strong and convert all into believers

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GOGAKING🎩Ⓜ️ pfp

GOGAKING🎩Ⓜ️

Moxie Misperceptions Debunked Contrary to popular belief, Moxie farming isn't causing a surge in daily rewards. In fact, rewards emissions are stable, and farmers are penalized, not rewarded. Additionally, the majority of earned rewards remain unclaimed, with a significant portion used to purchase Fan Tokens.

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Ida Belle 🟪 pfp

I’ve also been inclined to keep and invest my moxie so this is a relief. Thank you for sharing this.

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darcris pfp

i don't think dwr claiming his rewards. Like jessepolak, vitalik and v. For sure they are not claiming yet. Or wont claim

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Zeph 🎩 pfp

we believe in community we believe in Ⓜ️oxie higher together 🚀

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Phil Cockfield pfp

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Rani pfp

this is great insight. still no incentive to buy the token when u can just "farm" it.

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Gwynne Michele pfp

@thecurioushermit

I also notice weekend dips there, which tracks with people complaining about low-engagement on weekends, which is common across social media. I've noticed dips in engagement during the weekend (and in the summer) for years on other platforms.

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Duraa pfp

What is the determining factor of lebaling someone as a farmer?

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Ray pfp

abolish the vesting period and rip the bandage off then we can resume up only.

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Parth pfp

Do we have any usecases except buying fan tokens for now? Eventually everyone would sell off right?

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@chrismartz.eth

thanks for this

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Echo1 pfp

What if I don't purchase fan tokens?

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aqueous pfp

Thanks Jason! I don’t understand it all but working on it. 🙂

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Jack pfp

What is the value proposition for moxie? Like would people want to buy/keep it other than speculation?

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PulsechainisREALdefi pfp

PulsechainisREALdefi

@bluecolardegen

Love seeing proactive solutions to fud. Thanks for the update

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