Below are lists of frequently asked questions(FAQs) about the Stars token of Mogul Productions;
- What are STARS?
- What can I do with STARS?
- How does Staking work?
- Why are STARS on the block-chain?
- How can I earn STARS?
- Where are my STARS stored?
- What is a Mogul Address?
What are STARS?
The STARS token is an ERC20 token on the Ethereum blockchain. STARS tokens are used to interact with the Mogul Platform and the Mogul Community. The STARS token gives film fans influence and insider access to Hollywood. In addition to earning exclusive rewards through staking, trivia participation, and other activities, STARS tokens give you the power to vote on which projects get greenlit and even submit your own projects for consideration. With the STARS token, film fans like you play a key role in the film making process. That’s why you will be rewarded for your involvement in giving films the green light and supporting films from the script to the screen.
What can I do with STARS?
The STARS token puts film fans in the middle of the film making process. With STARS, film fans can be involved in the film making process, and be rewarded for your participation. The STARS tokens are redeemable for incredible custom rewards that most film fans would never have access to, such as limited-edition or one-of-a-kind movie posters, rare NFTs, and actual props and set-used memorabilia from a film. And with more STARS tokens come even more rewards, such as voting on which films get made, getting an “executive producer” credit on a film, and even dinner with a famous director.
How does Staking work?
Staking is the process of maintaining a balance of a certain token, like STARS, in a smart wallet or staking pool to earn rewards for participating in the system. Locking up a certain number of STARS tokens is required to participate in the voting aspect of the Mogul community. By devoting a portion of STARS tokens to the Mogul platform, you can secure your role in supporting films from script to screen, and receive rewards in STARS tokens for your participation in the process.
Why are STARS on the block-chain?
Block-chain technology is a revolutionary technology that allows for unparalleled security, transparency and ease of distribution. Block-chain technology allows tokens to be issued and distributed in an efficient, secure and cost-effective manner. Block-chain also gives token holders the ability to easily send, receive and trade the tokens in a way that is extremely transparent and trackable. Mogul has developed mono-plasma technology to issue rewards at scale by utilising a block chain-based smart wallet. Mono plasma is a layer-2 block-chain architectural framework that improves scalability, saving user rewards off-chain. This makes STARS tokens more efficient and less expensive to use than traditional app-based currencies.
How can I earn STARS?
STARS tokens can be earned in a number of different ways. In addition to buying STARS tokens from the platform, STARS tokens can be earned by answering movie trivia questions, from staking STARS for voting and other platform engagement, as well as from referring new fans to the Mogul platform. In addition, you can purchase STARS tokens directly from other users, thanks to the revolutionary block-chain technology powering them. STARS can also be obtained through the Mogul community promotion sale, where STARS are offered to early community members. With so many ways to earn STARS tokens, film fans can quickly and easily amass STARS tokens to increase influence in the film-making process and maximise rewards from participation.
Where are my STARS stored?
Your STARS tokens are stored directly in your Mogul Smart Wallet, which is attached to your unique profile . The Mogul Smart Wallet is the digital wallet that allows you to hold, stake, send, and receive STARS tokens, and is compatible with all ERC-20 wallets. That’s right. You can stake STARS directly in the Mogul Smart Wallet to vote on which movies get made and receive exciting rewards just for participating.
What is a Mogul Address?
Upon registering for Mogul, you create a personalized username that can be used as your blockchain-based address to send and receive STARS tokens. Unlike other crypto wallets that contain long, cumbersome alphanumeric codes, Mogul wallet allows you to send and receive STARS with a simple user name. A Mogul address is a digital address unique to your Mogul Smart Wallet where you can send and receive STARS between other members of the Mogul community. Your username is your unique entry point for your participation in the Mogul community. Gone are the days where you need to memorize a 20+ random string of characters to send and receive crypto. Welcome to crypto made easy.
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