Hey, guys!
It’s been a while. I would love to introduce you to an amazing platform i just discovered. it is called Mogul, a decentralized film financing (DeFiFi) company that leverages Blockchain technology to provide financial support for the best movie to be produced. This platform connects movie creators, movie fans, movie financiers and all who contribute to the movie industry under one space, giving everyone a voice in the movie selection and production process.
It might interest you to know that the Mogul team is comprised of award-winning Hollywood veterans who have produced, directed, written, and acted in much of the industry’s movies.
The drive behind the building of the Mogul platform, according to the CEO of Mogul Productions, Gagan Grewal, is the observed imbalance in the market. The demand for great contents is high compared to the supply of great contents mainly because movie creators with great contents are unable to finance their projects. Thus, Mogul is offering that platform where the best movie gets greenlit for further production.
In addition to producing great movies, Mogul is also poised to address the issue of lack of transparency with funding as it will be utilizing the Blockchain technology to give movie fans, movie creators, and movie financiers a voice in the whole movie creation process.
Below are some outstanding features of the Mogul you should know:
Mogul platform operates a dual-token system. it uses two distinctive tokens to power all activities on its platform namely; STARS token and MGL
STARS: The STARS Access Token powers the Mogul community. It is available to movie creators, movie fans and movie financiers. STARS gives users access to the platform. With the STARS token, users can vote for the movie they wish produced, submit projects, and be a part of key decision making in the movie production process. Once a part of the Mogul community, users can stake, earn, and redeem STARS which grants them access to some exclusive events and privileges. Active engagement on the platform and completion of assigned tasks entitle a user to a number of STARS rewards. Basically, the STARS token is the primary unit of exchange within the Mogul community. It should be noted, however, that STARS are not an investment in the success of Mogul produced movies.
MGL: The MGL Access Token, on the other hand, is a security token that powers the Mogul Film Fund and is available only to movie creators and movie financiers. This token enables them to receive financing, invest in films and receive dividends from the successes of those films.
Mogul platform is designed to operate on a decentralized quadratic voting system. This system ensures that users with more tokens do not have undue advantage over others. The system works in such a way that more than one vote from the same user becomes exponentially more expensive thus preventing both the buying of votes and wealth dominance.
The Mogul platform will have an integrated wallet, and you don’t have to be “crypto savvy” to understand how it works. It is a non-custodial Smart Wallet that is easy to operate, and you will be able to navigate through with super ease. The wallet has an automated password reset flow which enables users to set and reset their passwords at any time and in such a way that Mogul does not have access to their private keys. In other words, you’ll be absolutely in control of your Mogul wallet private keys!
And here is the exciting part! I’ve had the wonderful privilege of watching the Mogul community gradually grow from a quiet home to one constantly abustle with activities and chatter of formidable community members. Since its launch in February, many users have keyed into the future of freedom Mogul offers.
You can be a part of this future simply by creating an account with Mogul on my.mogulproductions.com. Once your account is created, go ahead and build your profile then connect with other users on the platform. This gives you access to purchase the STARS token with which you can vote on movies once operations commence fully. In the meantime, you can bring yourself up to speed on Mogul project by visiting the below links and joining our amazing communities.
See you there!
https://www.mogulproductions.com
https://t.me/mogulproductions
https://twitter.com/we_are_mogul
https://medium.com/mogulproductions
