BSCDaily.com hosts Mogul Productions: a decentralized film financing platform that brings creators, fans, and film financiers together; allowing everyone to play a part in the next big blockbuster.
BSCdaily – Admin: Hello and welcome, @lisaamogul How are you today? 😀
Lisa Sun: I’m doing well! Thanks so much for having me, I’ve heard great things about your community here.
Our team is busy with marketing and development efforts that will be launching soon, but I’m happy to make time to chat here!
BSCdaily – Admin: Happy to hear! Ready to start our AMA?
Lisa Sun: Yes of course!
BSCdaily – Admin: Let’s start.
Q1: What is Mogul Productions all about? Give us a little summary
Lisa Sun: Mogul is a DeFi and NFT platform for movies & STARS powers our ecosystem
Our team has collectively made over 100 films in Hollywood and identified that there is a problem with opaque financing of independent films and lack of fan participation in the movie-making process. Bringing blockchain-based financing and NFTs to the movie industry, we provide fans the ability to share in the success (50% of the profits) and be part of the movie-making process.
Our platform launched in February and we already have 50k users, 30+ strategic partners, and more than 100k followers across our community channels. We have been featured in Variety News, NASDAQ, Forbes, Cointelegraph, and other global publications.
To date, we’ve sold more than $10M in NFTs through direct sales and auctions and are incredibly excited for what’s in store over the next 3-6 months for our product.
This week is particularly exciting, as we have 3 brand new partnerships PLUS tomorrow we have some extra special news
BSCdaily – Admin: Perfect answer!
Q2: Could you tell us a little bit about yourself and your team? What are your past experiences?
Lisa Sun: Of course. I have been investing in independent films and blockchain projects since 2015 and I saw a gap in the marketplace as an investor to bridge the antiquated world of film financing with blockchain technology. I was an early adopter of projects like Ethereum and Cardano.
We’ve spent the last 2 years assembling what we feel is one of the strongest teams in blockchain with respect to the amount of expertise we have in the industry we’re entering.
Our film team has made over 100 feature films throughout their career and been awarded Golden Globes, Oscars, Peoples’ Choice Awards, and more.
New additions to our film financing arm of the business have raised 100s of millions of dollars for public companies in their careers, and our legal team has been papering deals in Hollywood for years.
This is a team that knows how to execute in Hollywood and we can’t wait to launch our first-ever movie vote in the next 2 weeks. It will definitely make some noise!
BSCdaily – Admin: Great!!
Lisa Sun: Our team is really active in telegram as well and we do weekly/bi-weekly AMAs where people can earn STARS tokens for their engagement: https://t.me/mogulproductions
Q3: Why did you and your team decide to build Mogul Productions?
Lisa Sun: That’s a great question!
The Mogul story begins with our team hearing the story of Deadpool in 2016 when we originally wrote the first Mogul whitepaper. Then we started development in 2018. Validation for the idea (after hearing about the Deadpool story) came about because our founding team had invested in movie scripts before and often found that the experience of investing in a script wasn’t very good… There is a major lack of transparency in the accounting and investing process. Projects that could be profitable aren’t because of these ‘martian’ accounting practices and bloated budgets. But, one project we invested in at a script level stood out as special – they provided monthly updates, behind-the-scenes photos and details of cast members under consideration. They also talked business development and asked for access to specific people in our networks. It was a really immersive experience where we got all of this “insider” information and felt part of the process. By doing this they created a dedicated community with the common goal of making the movie successful. We want to emulate this, at scale.
Hearing the Deadpool story was the initial “wow” moment for us that sparked the idea for Mogul back in 2016. Deadpool owes its success to the combined passion of actor, director and comic book fans for bringing the much-loved comic strip to life. Deadpool has become the highest-grossing R-rated franchise in movie history, but it wouldn’t have been made without comic fans loving a ‘proof of concept’ trailer leaked by actor Ryan Reynolds. Fans demanded the studio make it! And Mogul’s platform aims to give film fans a voice in the script-to-screen process too.
This was power of the crowd, decentralization, peer-to-peer community building and rallying behind a cause. There was a centralized entity (the studio) that was stopping the production of a film because they didn’t think an R-rated Marvel movie would work, but the fans pushed it forward. The people told the studio what they wanted to see and how they wanted to see it.
Blockchain is very good for security, building die-hard communities and financial transparency, efficiency, and automation in payments. Blockchain communities can will the success of a project, just like Deadpool fans. And we are building the platform with Ethereum, because of Ethereum’s network effect.
Imagine the Deadpool effect, but now with Mogul, where STARS holders can share in the success of 50% of Mogul movie profits! This has never been done before, especially with the quality of movies you’ll see on our platform
BSCdaily – Admin: You guys do have an out-of-this-world concept
Q4: Let’s dive into your token $STARS. Can you share with us your tokenomics? And what are some of $STARS use cases?
Lisa Sun: Not just a concept! This will become reality very shortly when we launch our Showcase and have the first-ever decentralized vote, using blockchain, to choose which Hollywood movie gets made!
Lisa Sun: Of course. There are 400m total STARS tokens, but approximately 3m have already been burned. It’s a burning token, where each time STARS are used within our platform (purchasing NFTs, buying rewards, etc.) a portion of STARS are burnt. Approximately 75% of our tokens are in supply already.
STARS tokens are used within the Mogul ecosystem to:
– Share in 50% of Mogul movie profits (governance)
– Purchase NFTs
– Bid for NFTs in auctions
– Buy rewards related to our films
– Vote for which movies you want made (and receive STARS for voting)
– As an in-app currency
The STARS token has a lot of use cases within our system and the plan is to make STARS the defacto currency where movies meet blockchain. Our business development team is teaching Hollywood about them every day!
BSCdaily – Admin: Cool
Q5: And does $STARS get audited?
Lisa Sun: Yes, we have audited all of our contracts with well-known auditing companies, Hacken and Zokyo. Security is top priority for us and we make sure that each contract we put out is manually and automatically tested in audits, and then our audits are published for the public to view.
Audits can be viewed within a user’s dashboard at https://my.mogulproductions.com/register
Q6: Where can we buy $STARS?
Lisa Sun: As of tomorrow, you’ll be able to purchase BEP20 STARS on ApeSwap. If you want to purchase today before the big announcement, you can find STARS on Uniswap or Bitmart. Those are the best two options! There will be MANY more places in the future … as soon as the next 15 days
Here is a link to our Coinmarketcap where you can find a list of all of the options to purchase STARS: https://coinmarketcap.com/currencies/mogul-productions/
BSCdaily – Admin: Can’t wait!! Let’s talk about your roadmap
Q7: What can we expect in the next 3 months and in 2021 as a whole?
Lisa Sun: The next 3-6 months will be a “coming of age” for Mogul. The product launches we have coming up are incredible.
1. Voting: users, as of the next few weeks, will be able to vote on the movies they want financed through our Showcase and earn STARS yield in doing so
2. NFT Marketplace: we will be the de facto place where movies meet NFTs and the STARS token is the currency that will be used.
3. Smart Wallet: gas-less, layer 2 wallet for direct use of the blockchain for new entrants in the space (product aimed to target masses from the film industry to participate in Mogul and STARS)
BSCdaily – Admin: Wow! There are so many big things to wait for
Here is how our Showcase works (I blurred out the posters so people don’t see which movies will be in the vote)
I know our community would have gone crazy seeing the films!
Q8: And where can we find out more about Mogul Productions on social media?
Lisa Sun: The two best places to find us are on Twitter and Telegram:
We also have:
BSCdaily – Admin: Perfect
BSCdaily – Admin: With this we are now at the end of our AMA session with Mogul Productions
Time for wrapping up, any last words you would like to say to our community? @lisaamogul
Lisa Sun: Yes! If you like to earn rewards and want to follow along with Mogul, we have weekly chances to earn rewards in our telegram channel and I hope to see you all there!
Tomorrow will be a particularly big day with our launch on ApeSwap!
Thank you for having me!!
BSCdaily – Admin: It was a pleasure having you guys @lisaamogul 🙂
Thank you so much for spending time with our community & all the very best for Mogul Productions