About the coin

Moxie serves as the economic engine of Farcaster, a leading decentralized social network. The Moxie protocol is designed to enable efficient markets within this network, allowing developers to integrate economic incentives into their Farcaster applications, frames, and actions. The MOXIE token is essential for utilizing the protocol, facilitating various economic activities on the platform.

Main features

One of the core functions of the Moxie protocol is the creation of Moxie-backed Fan Tokens. These tokens can be used by any individual or community on Farcaster, providing fans with access to special features and benefits within a thriving full-loop economy. The protocol supports a vibrant ecosystem where users can engage in economic activities using their MOXIE tokens.

How it works

The Moxie protocol operates by requiring the MOXIE token for its use. Farcaster Members, who are part of the network, have the opportunity to earn MOXIE through various means, such as participating in airdrops. For instance, 53,206 Farcaster Members earned Airdrop 1, which is distributed over 180 days. During this vesting period, members can use their unvested MOXIE to purchase Fan Tokens on Farcaster, effectively locking their MOXIE tokens in contracts. Additionally, the Moxie Builders Program supports the launch and development of the protocol, with 1,236 Farcaster Members accepted into the program.