I'm interested in Moxie as an interesting new mechanic that can only really be created on an open protocol. A new idea has entered the game and I'm here to play and learn about how it works. I'm also having fun with it and not expecting it to create generational wealth. I received a nice airdrop as a Farcaster Networks DAU that was locked for one year. Once I realized you can use the locked up tokens to buy fan tokens it seemed obvious that I should try it. Once I bought one fan token, I depleted the entire locked contract of fan tokens. At an intellectual level its deeply satisfying to see a mechanic that rewards users on a social network based on the value they bring to it, especially given the extractive methods we were taught are normal in web2.
My strategy is simple and completely detached of metrics. I want to hold the tokens of people I love to interact with on Farcaster and thus, I will score points with my normal usage and not feel any external influence to do things I normally wouldn't. But what if I was min/maxing?
I don't actually know what the fundamentals of a good fan token is. I have a fan token but I'm not sure if its a good value for someone else to buy it. I don't even know what makes a good value fan token or even what the market value is derived from. Here is what I know about my token:
Token Valuation & Market Metrics
Current Token Price: M 128.54 per token
Total Value Locked (TVLO): M 470,535.7
Number of Fans: 82
Total Supply: 5,546.174 tokens
24h Volume: M 7,181,702.371
Revenue Generation
Average Daily Earnings: M 11,748.061
Earned Today: M 11,470.444
Earned This Week: M 28,072.969
All-Time Earnings: M 340,693.769
Who can help me what they think of these metric and let me know if they think my token is over-valued or undervalued. I provide no additional benefits to my token holders (yet), so I'm just curious if my token is a good purchase on a raw numbers basis.
