@danicaswanson
Moxiesplaining Journal Day 24: Selling Fan Tokens
What happens when people sell Fan Tokens?
I haven’t sold any yet, and don’t plan to for quite awhile. I plan to lock when Moxie Power launches.
But selling is the only way to realize gains, so I imagine most people will sell some of their holdings sooner or later.
When that time comes, what factors affect the outcome?
A few that come to mind:
- every token sold slightly reduces the price for the next buyer/seller
- 5% fee (2.5% burned; 2.5% to the Fan Token entity)
- taxation (e.g., cost basis and capital gains tax on profits)
- slippage (how to estimate?)
In some cases it looks like sellers end up with a loss when they were (presumably) hoping to profit.
Even after reviewing the docs I still feel unclear on what people end up with when they sell, so I'm hoping to learn in public.
Thoughts...?
(NFA, of course).
(Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).