With the launch of Moxie Protocol just around the corner, I wanted to put together a blog post that explains it in terms that anyone can understand. As you know, I am not the most technically minded person, so my explanation should serve as a good place to start for "normies". What am I going to cover in this blog post?
What Is Moxie Protocol & Who Built It
How Do You Participate In Moxie Protocol?
How Does Moxie Protocol Work?
Where To Check Your Moxie Airdrop?
What is Moxie Protocol?
Moxie is a new protocol built to enhance the Farcaster experience by allowing creators and their followers to share in the profits earned from social engagement. Moxie aims to attach economic incentives to Farcaster at the protocol level. The way it does this will be described below.
Who Built Moxie Protocol?
Built by Jason Goldberg (@betashop.eth) & the Airstack team, Moxie is an entirely new way to incentivize good content on Farcaster. If you're at all familiar with Airstack, you will be familiar with 'Not A Token' points which were earned for engagement (and other activities), then converted to a DEGEN airdrop each month. Moxie tokens will be replacing 'Not A Token'.
How Do You Participate In Moxie Protocol?
Anyone on Farcaster can participate in the Moxie Protocol - as long as they own the soulbound NFT. Luckily for you, I've already tracked down where to get it. You can mint this NFT here: https://warpcast.com/betashop.eth/0xd375d45d
How Does Moxie Protocol Work?
Moxie Protocol will allow any entity on Farcaster to sell fan tokens. This means fan tokens for individual casters & the channels that they own. There will even be fan tokens for the entire Farcaster protocol. Holders of a fan token will share in the Moxie earned by a particular entity, whether that's a caster, a channel, or the entire Farcaster protocol.
All Moxie tokens earned from a cast will be automatically split:
- 50% to the member who created the cast
- 20% to fans of that caster
- 20% to fans of the channel where the cast was made
- 10% to fans of the entire Farcaster network
Here is an example that might help you understand it more easily. @dwr.eth makes a cast showing off his favorite toe spacers and earns 5000 Moxie for the engagement he gets on that cast. Those 5000 moxie would be broken down as follows:
- 2500 Moxie to @dwr.eth
- 1000 Moxie to fans of @dwr.eth
- 1000 Moxie to fans of the channel where @dwr.eth casted
- 500 Moxie to fans of the entire Farcaster network.
Where To Check Your Moxie Airdrop
You can check to see if you qualify for a Moxie airdrop on this cast: https://warpcast.com/betashop.eth/0x81a9fd91
Why Am I Super Bullish On Moxie Protocol?
Moxie Protocol is going to offer creators and their followers an entirely new way to collaborate & profit together. Because Moxie will be earned based on engagement, the protocol will incentivize strong communities who work together to create strong content.
If you have talked to me at all recently, you know that I was a big fan of DEGEN Season 5 when allowances were based on Openrank. I thought it served to dramatically improve the quality of content and interactions on Farcaster. Moxie will create a similar incentive for good content and replies, but at the protocol level.
Rewards Mechanism
With the Success channel, I have had to rely on manually rewarding the best content creators - with tips, direct payments, rounds.wtf, etc. With Moxie Protocol, followers and channel participants will be rewarded automatically. It will allow communities to invest in themselves.
Imagine an entire channel full of participants, all with skin in the game. That is what Moxie Protocol is going to enable. For myself, and for members of the Success Community, I am beyond excited about this. It's going to give us an even more rewarding system to build together on.
We are so early that we can be the first participants in Moxie! I will be jumping in with both feet and giving it my full attention. It is an entirely new system to learn and understand though, so let's do it together!
Frame is now properly working, so I guess it's the right time to remind you that my Fan Token auction is live for another day 🙌 Current clearing price 20 Ⓜ️ , feels like a bargain to me 👀
Less gooooo🚀🖤
Brooo so pumped for this 🔥
still dont have a clue how the hell this works xD
Have a look at this article by @maretus , it explains it pretty well https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Best of luck t0ma! I need to understand all this
Already bid, fam. LFG!
Ayeee thank you Fernando 🍻 50 $degen to bring you good luck on the auction
Thanks t0ma, might increase the bid soon!
Tic Toc mfers👀 You ready?
I waiting for this 🔥🫡
Doing numbers fam 👀
Im not. Haha dont have much moxie to bid now
Hahaa no
We start together 🔥
I can't wait, pushhhhh 💙
Never been readier
Notification set
2 days left??? lets gooo
Finally. 🥳 Been waiting for this one. First, I owe you, second I want it. 🖤 🖤
Aaaaah king🖤🫠
Hello! It's me again Wondering if my frens can come out and play
i fkin miss you dawg
Miss you loads Socks! Time to get back to the grind 💪
Ohhhhh shit you BACK!? LETS GOOOO
Hey fren, we’re here to play!! ❤️🔥
Hi Fuego!!! How's it been?
Life is good fam, starting to lock back in with the purple app! Hbu?? 🔥
gm Stiickz!! How have you been doing brotha its been a minute
Dude been living on 100, no lie. But I overspent on traveling all summer, kind of worked my account down alot. Came back, no clue of Moxie and feel like it's the biggest blessing in the world. Want to run around the neighborhood and scream.
hahaha lets go!!! Yeah bro, today was the first time I heard about Moxie as well. Very exciting things for sure! And hey bro at least you got to enjoy your summer travelling, life is short. It's important to live and travel. You will get those bags back up in no time 💯
You’re alive!!
Yup! I've been traveling and don't have Warpcast downloaded on my new phone so I could take a fat dopamine detox 😅 back and ready to reply though
Good to have you back. Hope it was a great trip!
Bro, I hope you aren't missing out on Moxie. It's going to be LIT AF. Probably higher than 1B MC eventually.
Did I come back at the perfect time or a tiny bit late? Pretty sure I qualified for an airdrop
A tiny bit late. But, definitely still early, but you'd have to start casting more lol. Basically, right now, I've been pulling in almost $300/day in earnings from casts in moxie. :P On top of like 500k in moxie profits from fan tokens.
hi stiickz 💜
Howdy Zoo! How's it been for you?
head down building mode 🤓 hbu? am enjoying your travelboi arc btw 💜
What uppppp how you livin??
Living life on 100 lately. Finally had a break from traveling to be a replyguy again 😅 how's life been for you Ryan?
A break from traveling 😆 fuck me sideways I WISH lmao glad you’re enjoying man, that’s amazing! Enjoying the last few weeks of a chill summer before shit gets hectic again with all my kids and school and sports
Hello bro how are you
Amazing, ready to grind again!
Henlo fren, you heard about moxie? 👀
Getting a quick rundown now. How you liking it so far?
I like it a lot so far, managed to make 26k moxie in 3 days just by replying 🤷🏻♂️ Also did some bidding of the fan tokens aswell, also profitable, we are still very early, but the music is gonna stop at some point. For now we ride it 😎 If you have some question or doubts let me know 🤝🏻
Hey sticks, it’s been a while
Gm dreamers🖤 It’s a beautiful time to reply Ⓜ️oar, if you know what I mean🤷🏻♂️ Have a good one✨
gm push! let’s get to it
G to the M big bro✨🖤
good morning my friend 55 $degen and 🍖x222
Gmgm ma big bro✨🖤
gm bro 42 $degen
Gmgm fam🖤 Have a good day✨
You've tipped 42 DEGEN and have 561 DEGEN remaining.
Friend, have a wonderful mood for the whole day 💜🙌 177 $degen
Aaaah thanks baby gal💆🏻♂️🖤 Wish you the exact same✨ 🍖x222
good morning push!
Gmgm fam🖤
Sr i dont know 🥹 but we keep vibing 🍖 x 111 $degen
I bet you know mfer👀
You've tipped 111 DEGEN and have 632 DEGEN remaining.
Tipped: 111 Today's Allocation: 8025 Total Tipped Today: 4798 Remaining Allocation: 3227 Balance: 108196 Ham Score: 8 Rank: 63
Gm bro 🍖x69
Gm fam🖤 🍖x79
Tipped: 79 Today's Allocation: 3375 Total Tipped Today: 1834 Remaining Allocation: 1541 Balance: 124380 Ham Score: 3 Rank: 255
Tipped: 69 Today's Allocation: 3004 Total Tipped Today: 1027 Remaining Allocation: 1977 Balance: 2939 Ham Score: 3 Rank: 288
We always reply Moarrrr! Gmgm Push☀️
Now even MOAR🤌🏻🖤
GM buddy.. excited for new season once again 😁 🍖 x99
AYEEE WE ARE SO BACK BRO🤌🏻🖤 🍖x111
Let see what holds tomorrow 😁
Tipped: 111 Today's Allocation: 3375 Total Tipped Today: 995 Remaining Allocation: 2380 Balance: 124682 Ham Score: 3 Rank: 255
Gm king! Wish you an hamazing day buddy! Happy claim day! I hope you are safe for claims! 🫡 🍖 x 42 $degen
I should be this time😂🖤 Haven’t even realized is claim day already🫠 🍖 x 42 $degen
haha, Its very early this time! 😄
Tipped: 42 Today's Allocation: 869 Total Tipped Today: 851 Remaining Allocation: 18 Balance: 9797 Ham Score: 1 Rank: 1430
Understanding Moxie Protocol https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Taking inspiration from @commstark's /appreciation and @maretus's /success, I created /accountability! I created this channel because sometimes we need that extra push in making sure we do our goals and tasks for the day! Today, I need to finish a few things, pls make me accountable - Mister Miggles art for /onchainsummer rounds - Reply to all pending Direct Casts - Study Moxie's website one more time
Super Based channel looking forward to participating and being held accountable (tho i get mulligans for being a master procrastinator)
Nice! Best of luck with building and staying accountable. If you need any help figuring out Moxie, I wrote a really simple blog post that tries to explain it in layman’s terms: https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Thanks! Been wanting to write one but hadn't had the time
I really needed this. Thank you🥹🫶🫶🫶 🍖 x 200
I'm always rooting for you
All the best kyle. Followed /accountability 💙 I hope we have better casts here and wish it becomes a huge /success 🙏
Appreciate ya fam! No tasks big or small if someone is making you accountable!
To be done today boss??
yuuuuuuuuup
Good luck I joined ✌🏼♥️
Good~! I'm always rooting for you
Just joined
All the best @kylepatrick.eth
Followed. Thanks for creating this G All the best 👍 👌
If you didn’t know, you can already check how much Moxie your casts will earn once it goes live. You can do this by searching for your profile at airstack.xyz or by installing the cast action ‘Not A Token’ cast action. Example below. Maretus fans are going to GET PAID. 👀
amazing feature
Am I right that if we comment or engage in your cast we are going to split that 1161?
No, you won't even have to comment. You will split it if you own my fan tokens.
I'll be the one who's going to buy you fun token when it start
can't even spell success without owning @maretus fan token 🔥
5,800 moxie per cast is really amazing. As expected, boss
Per cast ?
On this cast, fans would get 1161.03.
With the action button or with airstack.xyz we can check how much we do through cast but not frm others cast as a fan.. Btw this is huge numbers 😵
that's a lot in one shot great ser
I definitely dont get it but I'm game and I'll keep replying
Maybe this will help you understand it: https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Thanks for this Will give it a read 30 $degen
What is criteria 4 eligible?
You just have to own the soulbound NFT. You can learn more in this blog post: https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Ty v much
I think it is the belief of the @airstack.eth team that it will draw more value to the Farcaster ecosystem by allowing creators and their audiences to share in the profits from their engagement. I wrote a blog post about how Moxie Protocol works for layman if you want to check it out: https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
we have a CA (?) is this legit @betashop.eth? what’s the reason behind deploying the token 9 days before? https://basescan.org/address/0x8C9037D1Ef5c6D1f6816278C7AAF5491d24CD527#readContract
@deployer this is the best ERC20 contract possible, and i learnt that from you
🫶🍖
Hi @jpfraneto.eth yes, this is Moxie Token contract. There is a lot to prepare for, mainly we are launching around 53 thousand token vesting smart contracts, which will hold the Airdrop tokens - this takes time. Overall, preparing in advance rather than on the day gives more breathing room :)
makes a lot of sense. thank you for the info im working on this system to give folks a vehicle for organizing their allocation and start adding interesting and valuable creators to their projected portfolio is there (or are you planning) to open an api that allows us to ping and get the airdrop info for a given fid? that would be very helpful https://api.anky.bot/moxiefolio
Hey! Would you mind sending me a link? I keep seeing moxie on my timeline but I’ve been hesitant to click. I know nothing who, what where why 🍖x500
Got it - at the moment we're fully focused on the main protocol parts being launched and working properly, building airdrop checker API is not in our near term plans. Once the contracts are launched they will have the beneficiary address, which you could reverse map with the FIDs, it would require some tinkering around indexing the token vesting contracts deployed by Moxie Protocol: Deployer.
I have been getting a lot of questions about Moxie protocol, so I wrote a blog post to help explain it for y'all. I'll cover: - What is Moxie Protocol? - How Does Moxie Protocol Work? - Where To Check Your Airdrop - Why I Am Super Bullish Check it out! https://paragraph.xyz/@maretus.eth/moxie-protocol-for-laymen
Thanks for the writeup! 250 $degen 200 $farther
Awesome read, @maretus! Thank you! 🍖x500
Absolutely. Glad you liked it! :) 🍖x420
Thanks for breaking it down! 50 $DEGEN
Yea man, it’s pretty exciting now that I actually understand it. I think it will be a boon for the entire FC app, for /success, and for /9to5.
Oh and I don’t have any degen after the raffle but this stuff is worth 26c: 110 $hunt
thx man!
Thanks for taking the time to explain this to us big bro, I understand how hard it was :)
Haha, the explanation part was easy. The dang frame formatting from paragraph.xyz could use some work. They just need a way to force a line break in frame.
I believe there are some improvements to reading inline on FC coming soon.
This is a nice, easy to read, write up @maretus. I think the potential is huge and looking forward to being an early Moxie 🐳 🍖x1000
Thanks dude! I tried to make it simple to follow cause I know a lot of it can sound really complicated and scary. Glad you found it easy to read! 220 $hunt 🍖x420
@betashop.eth check DM please. Thanks!
Bookmarked, the summary we all needed 🍖x200 $degen
Great. One follow up question - where does the 5k moxie that @dwr.eth gets for his cast come from? Purchases of his fan token? Or sth else?
It’s generated based on the engagement from his cast. Currently his cast would earn “not a token” points. Soon, it will earn Moxie points. So, it’s a new token being generated based on engagement!
Sure, but what drives the value? Who is "paying" for the content/engagement?
Really straight forward explanation. Thank you. It's a great intro to moxie and a must to anyone on farcaster since it's really gonna be part of the platform 💚💚💚 269 $farther
Yea dude! Happy that you found it helpful! 🍖x420
Nice writeup 🍖x420
Gonna read this one tomorrow cause I need to sleep now haha