💢💢The Moxie Game-A-Thon has kicked off, and teams are now busy building their projects for a chance to win a share of $20,000 in prizes! Next week, participants will introduce themselves, giving supporters an opportunity to purchase fan tokens and back their favorite teams.💢💢
🔶 Moxie's commitment to fostering a thriving community is evident as it stands at the forefront of Farcaster's economic evolution. With exciting new partnerships on the horizon, including collaborations with artists and the emerging /yellow initiative, there's never been a better time to engage with the community—be sure to follow the channel for the latest updates and opportunities!
🔶 The Moxie strategy emphasizes community engagement and shared investment, encouraging participants to have a stake in the ecosystem through the initial airdrop and daily claims. It fosters a collaborative environment where individuals can build their own success or support others by purchasing fan tokens, reinforcing the idea that collective growth and mutual support are key to thriving within the platform.
🔶 The Moxie strategy encourages community involvement by ensuring that all participants have a stake in the platform's success through mechanisms like the initial airdrop and daily Moxie claims. By facilitating implicit tipping based on engagement, creators are incentivized to produce high-quality content, fostering a collaborative environment where users can directly support each other's efforts or invest in popular creators through fan tokens, thus enhancing the overall ecosystem's vitality.
🔶 The Moxie strategy emphasizes collective success through active participation and support within the community, where everyone has a vested interest in the growth of the ecosystem. By allowing individuals to either contribute their own efforts or invest in the endeavors of others through fan tokens, the platform fosters a collaborative environment where the achievements of creators directly benefit their supporters, ensuring that prosperity is shared among all participants.
🔶 Absolutely! Choosing between playing and cashing out ultimately depends on your individual strategy and risk tolerance. Leaving your Moxie in the system can unlock additional benefits like (Boosts and Power) potentially enhancing your overall experience and returns if you're willing to take the chance. It's essential to weigh the advantages of reinvesting against the security of taking your earnings, ensuring you make the choice that aligns with your financial goals.
🔶 783M Moxie locked into the protocol.
6,312 Fab Token Holders
🔶 It's great to hear that Moxie is consistently improving its performance on the Base chain metrics! This upward movement indicates positive engagement with the community and effective strategies in buying, selling, and locking activities. Continued growth could further enhance its reputation and stability in the market.
🔶 While Moxie has successfully doubled engagement metrics like likes, recasts, and replies on Farcaster, the 20% decline in Daily Active Users suggests that the platform may be experiencing a polarized effect: existing users are becoming more active, but attracting new users or retaining a broader audience remains a challenge. This could indicate that while current users find new features compelling, the overall growth strategy might need to be reevaluated to increase user acquisition and retention.
🔶 How do we bring the folks outside? To promote Farcaster, we can host interactive demonstrations in public spaces like parks and festivals, showcasing its unique features such as decentralized communication, social networking, and NFT integration. Organizing hands-on workshops and meetups will encourage active participation, enabling attendees to create content and build communities on the platform. Additionally, using engaging promotional materials and leveraging social media and local influencers can effectively spark interest and highlight Farcaster's practical benefits.
🔶 FarScore have had a positive impact in reducing emissions! Engaging in digital interactions like likes and replies can have a larger environmental footprint than we often realize, so implementing strategies to mitigate that impact is crucial. It's encouraging to see organizations taking steps to balance engagement with sustainability.
🔶 75% of the team is working on a new feature that will deploy in the next 3-4 weeks.
🔶 @markcarey (Mark Carey) is currently guiding us through the exciting launch of his Maxi NFTs, where participants can start minting their Base Colors. Notably, there’s a limit of 30 mints for whale investors, but Mark is addressing this restriction to accommodate their interest.
🔶 The Wildcard Club team is transitioning from Wild to Moxie, signaling a new direction for the community and its offerings. This change may involve fresh branding, features, or products as they aim to revitalize the platform and enhance engagement. Stay tuned for more updates on the rebranding and what Moxie has in store!
This is "good" in that we've activated the existing base, while FC team is retooling channels, doubling down on Frames and Mini-Apps
Our focus needs to turn to:
Expanding the number of users experiencing and benefiting from MOXIE
Growing the pie
🔶 $2M
rewarded to creators, builders, communities, & fans in 70 days
🔶
Strategy | ||
Everyone has skin-in-the-game | Fandom is Rewarding! | Fandom is Fun! |
Reinvent social networking engagement rewards | Devs, Devs, Devs! | Grow Farcaster |
Put real money in people's pockets | Many more reasons to play vs. cash out | Full-loop economy |
********two more important update*******
💢💢
Likes | .5x FarScore | 500/day |
Replies | 1x FarScore | 300 200/day |
Quote/Recast | 2x FarScore | 150 100/day |
Frames & Apps | 10× 5x FarScore for coded frames 10× 2x FarScore for no-code frames and publishers | 1x per day per frame/app |
💢💢M MOXIE
More Significant Adjustments
Adjustment | Timing | |
Organic FarScores | Stop counting users who have churned towards organic FarScores (start counting them again if they come back) | 3 October |
TVL Boost Calculation Fixes | Currently TVL boosts factor in the current price of the Fan Token you hold/locked, not your cost basis, not the average price everyone bought at. This is inaccurate/misleading because no one can sell all their FT at that price on the bonding curve (it goes down with every FT sold) ** Bigger issue: it inflates FarScores, growing at 1% per day compounding (30% per month) | Next Week |
New User Onramps | Less of an adjustment, more of a strategic initiative to use Moxie and Moxie Fan Tokens to onboard the next Farcaster users and help them experience the magic from day 1 | Concept phase |