Mogul production is a decentralized film financing platform that uses blockchain technology and an NFT system to reward users for voting on movies they want to see or produced. That is just to put it very simple.
During the launch, Mogul became one of the first crypto platforms to launch on three major blockchains, Ethereum, Polygon, and the Binance smart chain. They’ve also been able to grow their community of users to over 50k members and funded a Hollywood movie called Bonded, after having sold over $10m worth of NFTs.
Mogul uses a token-based system to power its platform and its token is called STARS. The Mogul stars token is built on the Ethereum blockchain as an ERC20 token. They also built a partnership with Anyswap to ensure the smart token was easily compatible with the Binance Smart chain.
This compatibility ensured that users can easily convert STARS tokens directly in their wallets from ERC20 tokens to BSC BEP20 tokens.
Because Mogul production was able to fully integrate with other blockchains especially the Binance Smart chain, it allowed for increased visibility and usage of the STARS token.
With a continuous rise in new wallets and users on the Binance Smart chain, Mogul ensures they are always in the face of potential platform participants who are now aware of the features mogul has.
According to Lisa Sun, the founder and president of Mogul, the primary goal of mogul production is to ensure the STARS token is accessible to as many people as possible. This is necessary because in other to reach major players in the film industry, it is important to ensure new users are onboarded seamlessly.
As at the time of writing this article,
The current market cap of the STARS token is $5,848,366 with a 24hr trading volume of $396, 434. The total supply of the STARS token is 400,000,000, however, the total number of tradable volumes available to the public is 291,957,541.
The STARS token is a major aspect of the mogul platform and one that participants earn on the platform. Its integration with various platforms also makes it a token anyone should want to have, trade and hodl.