Mogul production since inception have continued to see an upward growth in user base, features and participation of users.
As a new platform with a goal to change the way movies are made, its growth is surprising to say the least. Mogul’s vision is to become a platform that is the future of film, driven by a community of enthusiastic movie lovers who are tired of being at the sidelines while non-inclusive movies are being produced year in year out.
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They aim to promote the participation of users by allowing them to vote on movies they would love to see produced and ensuring users get rewarded and compensated for their participation through a token based rewards system and non fungible tokens called NFTs.
As part of their growth and development process, they set up a quadratic voting system, the first of its kind in any decentralized finance system. Usually during a voting system, users get one vote per person, but with the new quadratic system by Mogul, votes are weighed by assigning a certain number of votes per token they own, for every additional token a holder has, they get fewer voting credits. Mogul named its token STARS.
This ensures that large token holders cannot manipulate votes at the detriment of what the majority of users actually want. As a result, everyone is more open to participating in the voting system.
With the STARS token, Mogul also allowed users to earn more STARS through the Mogul Growth Farming Period. This feature allows users to earn more tokens passively by staking their tokens in two different types of staking pools. The first being the STARS token only pool and the STARS_ETH pool.
As part of their growth campaign, Mogul have also partnered with several crypto giants to hold AMAs(Ask me anything). This is to help personalize the platform and drive more user sign-ups and participation.