Moxie

MOXIE token is integral to the Moxie protocol’s economy, which in turn facilitates transactions for purchasing Fan Tokens on the decentralized social network Farcaster. Fan Tokens provide users with unique access to features, rewards, and governance within the Farcaster ecosystem.

MOXIE also plays a critical role in governance, allowing token holders to propose and vote on protocol changes.

Fan Tokens are a unique part of the Moxie Protocol, where users can purchase these tokens to support creators or channels on Farcaster. Fan Tokens provide access to exclusive content, rewards, and governance. A portion of the rewards earned by the creator is shared with Fan Token holders, making them a way to directly engage with and benefit from the creator’s success. 

Moxie is available on the Base blockchain, a Layer 2 Ethereum scaling solution.

Moxie was initially developed by Airstack, a leading development group within the Farcaster ecosystem, more widely known for their platform to publish Farcaster Frames. While Airstack led the initial development, the project is designed to be decentralized with its growth, with any developer being able to build on the Moxie Protocol.

MOXIE is an ERC-20 governance token for the Moxie protocol. It also serves as the currency for purchasing Fan Tokens on Farcaster, and supports engagement mining, where users earn rewards for participating in the ecosystem.

Moxie was launched on July 29, 2024 during Base’s Onchain Summer 2024.

Two airdrops were planned:

• Airdrop 1: For over 53,000 eligible Farcaster users based on engagement criteria. These tokens vest over 180 days.
• Airdrop 2: For about 1,200 developers in the Farcaster Builders Program, also with a 180-day vesting period.

More information available on Moxie.

Moxie has a fixed total supply of 10 billion tokens, distributed as follows:

• 25%: Farcaster ecosystem programs.

• 21.3%: Protocol development.

• 18.7%: Early backers.

• 15%: Engagement mining for rewards.

• 10%: Liquidity pool and liquidity mining programs.

• 5%: Airdrop to Farcaster members.

• 5%: Airdrop to Farcaster Builders .

A significant amount of MOXIE was locked at launch and follows a vesting schedule, particularly the airdropped tokens, which unlock daily over 180 days. The token supply is burned with each transaction, which increases its scarcity over time.

More information on Moxie docs.