Nicklas on Farcaster

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

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Nicklas pfp

Some important Fan Token Dynamics you may not know about. I want to talk about the bonding curve and what downside you have in fan tokens. When an auction ends a large portion of the auction spent moxie is put into the bonding curve. This moxie is the immediate reserve for withdrawals (ie sells). So even at day 1 you wouldnt get a total loss as the last man out - but you would see a severe discount. What is ingenious is that as time passes this floor reserve for the last man out ratchets higher. The moxie used for the buy and burn buys the fan tokens and burns the token so supply isnt affected (only price). This moxie stacks on the reserve within the bonding curve. As more and more moxie is stacked into the reserve the higher the floor becomes on the fan token upon exit. This is why I was wrong to be so worried about a negative out regarding channels. Even in a doom scenario of them ceasing to exist - it isnt a lose everything situation.

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arob.base.eth🍖🎩 pfp

arob.base.eth🍖🎩

Interesting analysis. So if a caster decides to quit Farcaster their Fan Token will always have some value due to the $MOXIE locked into the bonding curve. That’s great, especially considering how we all just locked our FT’s for 3 months 😂

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TaylorWebb.eth pfp

@taylorwebb.eth

great take, I hadn't really thought about the ever-increasing price floor. So basically at some point a FTs floor price surpasses the auction clearing price, and anyone who got in the auction will always be in the green for that FT. Regarding channels, why were you expecting the upcoming channel changes to negatively affect their FT prices? I've been expecting these changes to pump channel FTs in the long term

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Kevinn.base.eth 👨🏻‍🌾 pfp

Kevinn.base.eth 👨🏻‍🌾

Can you explain why bonding curves are always used in coins? Is this the only method? I’m a beginner, so I’m not very familiar with it.

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ihawaii.eth pfp

are you planning on buying more channels again?? i haven't really bought channels so far..tbh...

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Ali⛩️ pfp

Nick meetings started, we will see and learn 📝

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Pon-eth🫅 pfp

thank you man say about this 💚

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Ⓜ️ little demon 💎 pfp

Ⓜ️ little demon 💎

https://warpcast.com/degen-chad/0xb9021cd4 I'm here to study. Thank you for sharing the good information.

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Emily 🎩🃏🍖 pfp

Emily 🎩🃏🍖

I don’t know why but I’m not bullish on channels, what happened if people activity on channels goes to zero? This channel FT will destroy

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snazzy 🎩 pfp

What tools/frame can help track fan tokens performance?

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samvox pfp

Oh do you know your pfp is voxelart?

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Tanvir Hasan🍖🎭💎Ⓜ️ pfp

Tanvir Hasan🍖🎭💎Ⓜ️

Helpful information.. Thanks to you❤️

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Pain pfp

/lessoninthere ✍️

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Smash Thunder Stone 🎩 pfp

Smash Thunder Stone 🎩

@smashthunderston

Good shit! Thanks man!

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joshisdead.eth pfp

@joshisdead.eth

I've been aware of this ever since the bonding curve was rolled out that's why I choose to hold FT unless I don't earn (users that don't usually get moxie) anymore. If only I have the liquidity you have, it'll be fun to just play Ⓜ️oxie. But I need to redistribute again and again 🥹

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Mohid pfp

Noted mate.. @mr-silverback

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darcris pfp

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kimken pfp

quite interesting! Thank you for quality sharing. success always friend 🤝

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Gambino pfp

@greatgambino.eth

so you're telling me we are even more bullish ? 🚀 🚀 🚀

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ajrony.base.eth 🔵 pfp

ajrony.base.eth 🔵

Good analysis. Lesson in there

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