Creator Coins
Last updated
Last updated
Moxie is the ecosystem for Creators on Base.
Moxie was initially incubated on Farcaster from 29 July, 2024.
In December 2024 Moxie expanded across all of Base, rapidly becoming one of the most used onchain protocols.
Over 10,000 Moxie users have deployed Creator Coins as of January 2024.
Creator Coins can be created for any person, community or brand or AI Agent Skill.
Creator Coins provide holders ("fans") with access to special features and benefits.
Fans gain access to advanced insights about their favorite Creators through Moxie AI Agents, including aggregated analysis across wallets and social media accounts.
Certain benefits for fans are built into the protocol, such as the automatic sharing of all rewards earned by the Creator (from protocol rewards and from 3rd party sponsors using the Moxie Earn advertising platform) via buys/burns of Creator Tokens:
Creators must launch a Creator Coin in order to be eligible for any rewards. This ensures that all rewards benefit fans in the ecosystem.
90% of $moxie earned by Creators are automatically shared with the Creator's fans through a mechanism that buys and burns the Creator's Coins, which increases their value.
The remaining 10% of rewards is shared with holders of Network Tokens (explained below).
Network Tokens: Network Tokens are a special type of Creator Coin designed to support the growth and development of entire networks:
The Base Economy coin earns 10% of all moxie user rewards earned on Base. (The Creator's fans get 90% of what they earn on Base, fans of Base get 10%)
The Farcaster Network Token is for fans of Farcaster, and automatically earns 10% of all Creator rewards earned on Farcaster.
Programmatic benefits for Creators and their Fans can be added by devs and Creators.
As of January 2025 more than 500 different Farcaster frames, apps, and features have been launched for Creators and their fans.
Additional features and benefits for fans are being added regularly by core devs and 3rd party devs.
Creator Agents, no-code creator ai agents, are launching in early 2025, providing additional benefits.
Creator Coins go through 3 stages in their lifecycle:
Presale auction.
Creator Coins are launched with an initial public presale batch auction which allows for fair participation and price discovery. This enables everyone to get the same public sale price, before listing.
A fixed initial supply of the Creator Coin is available during the auction and bidders name their maximum price (in $moxie) and maximum budget.
The auction contract (gnosis batch auction) is profit maximizing and determines the clearing price that will result in the most money received from the auction.
Following the auction 90% of the $moxie proceeds go into the moxie bonding curve (to provide continuous liquidity) and the winning bidders receive their Creator Coins at the clearing price.
5% of the $moxie proceeds goes to the developer in the form of their own token
5% of the $moxie is burned by the protocol. (subject to referral fees)
Moxie bonding curve.
Following the presale auction the Creator Coins are available for purchase and sale on the Moxie bonding curve contract.
Once on the bonding curve there is an infinite number of Creator Coins available. Every purchase increases the price on the curve and every sale decreases the price.
Graduation to Uniswap V3 (coming soon)
Once certain conditions are met (e.g. market cap and number of fans/holders) the Creator can opt-in to graduate their Creator Coins outside of the Moxie Protocol to Uniswap V3.
The graduation feature will be launched soon.
The Moxie protocol enables rewards with onchain distribution.
The protocol ensures that as Creators earn rewards those rewards are automatically shared with their fans via the Buy and Burn mechanism which increases the price for all holders without any dilution.
The moxie protocol provides for various types of transaction fees and referral fees, as further described here. A technical deep dive on Referral Fees can also be found here.
Presale auction referral fees
90% of the auction proceeds go to the bonding curve reserve
10% Fees are split:
50% to the Creator (as a distribution of their own Creator Coins)
20% to the Protocol
15% to the platform referrer. The platform referrer is the platform through which the token is created using the Moxie Protocol. This applies equally to a user who shares a referral link that results in another user creating a Creator Coin, and to an app that enables Creator Coin creation in the app.
15% to the order referrer. The order referrer is the referrer who refers a successful auction bid on the Moxie Protocol.
In the event a transaction is not attributable to a platform referrer or to an order referrer, the entire referral fee will be distributed to the protocol by default.
The protocol burns all protocol fees.
Buys/Sells referral fees. For every buy and sell of Creator Coins, 1% fee is split as follows:
50% to the Creator
20% to the Protocol
15% to the platform referrer. The platform referrer is the platform through which the token is created using the Moxie Protocol. This applies equally to a user who shares a referral link that results in another user creating a Creator Coin, and to an app that enables Creator Coin creation in the app.
15% to the order referrer. The order referrer is the referrer who refers a successful auction bid on the Moxie Protocol.
In the event a transaction is not attributable to a platform referrer or an order referrer, the entire referral fee will be distributed to the protocol by default.
The protocol currently burns protocol fees.
Signup referral fees
With the expansion of Moxie to Base the following signup referral fees were introduced:
The user who refers another user to signup with Moxie gets the Platform Referrer fee when their auction is completed.
The referrer also gets an additional 10% increase to their Moxie Score whenever their referred signup increases their Moxie Score. For example, if user A refers user B, and user B has a Moxie Score of 50, user A gets 5 more points to their of Moxie Score. When user B grows their score to 60, user A get an additional 1 point (increase of 10 x 10%)
Referral fees can be claimed from the moxie.xyz website.
Moxie is built on Base, an Ethereum Layer 2 chain. EVM-compatible smart contracts serve as the backbone of all Moxie protocol mechanisms.
Check out our official 📖 docs here to start building on top of Moxie protocol subgraphs & contracts.
If you have any ❓ questions, you can reach out for help in our developer telegram.
Open-source is in the 💜 heart of Moxie protocol and we welcome your contribution to our source code. You can contribute to the following repository by following respective CONTRIBUTING.md guidelines:
