TORONTO, ON / ACCESSWIRE / August 19, 2021 / An exciting new chapter in the history books unfold as movie fans have voted the first-ever movie to be produced based on their votes. Mogul Productions' aim of decentralizing the film industry is off to a bright start with ‘Terminal Station' winning the voting war on Mogul's pioneering block-chain voting system. This will be the second movie to be financed by the Mogul's DeFi platform.
$STARS token holders were at a pedestal to vote for the movie of their choice amongst the three movies in the showcase. Led by producers Binh Dang, Philip Goldfine, and Keoni Waxman, Terminal Station, a movie based on a Mafia's hit-man, wins the voting contest by an astounding margin.
Power of the Crowd is the Ultimatum
Traditionally, a small group of producers, directors, and A-list artists would decide on the story-line to be pursued. Essentially, they determine what is available for the audience to watch. This is no longer the tradition as Mogul, with its blockchain voting system, has put the audience as the fulcrum around which the movie industry shall revolve.
Empowering the fans to vote on which story-line should be produced as a movie, Mogul is on its way to decentralize the movie industry. To add perspective, in a 2-week period, more than 45000 votes have been recorded and eventually, Terminal Station wins the race.
Terminal Station in the voting war overcame two competing projects in MR-9 and Devilreaux. Also, it managed to meet the comprehensive prerequisites criteria set by the Mogul Finance in terms of financing, personnel, and commercial viability. Meeting these requirements and further winning the voting war is a testament to the credibility and potential of the Terminal Station team.
Exciting Times Ahead for Terminal Station
To be in the top 3 in a 500+ script battle is in itself an achievement. Then, Terminal Station wins the first-ever movie voting war comfortably. Represented as an NFT on the Mogul platform, Terminal Station shall be funded by Mogul, where the $STARS token holders will decide where the profits go. As an extra perk, the movie is ready to commence its shooting schedule immediately.
Now, the community awaits exciting announcements like key cast members, distribution from the Terminal Station team. Bringing DeFi to reality, Mogul Productions has placed its best foot forward in decentralizing the movie industry. Ironically, ‘Terminal Station' will be the starting point in the Mogul's journey to disrupt how movies were decided and produced.
About Mogul Productions (Mogul)
Mogul Productions is a decentralized film financing (DeFiFi) platform that connects creators, movie fans, and film financiers in one space to ensure the best films get made by giving everyone a voice. By leveraging block-chain technology, NFTs and a tokenized system, Mogul incentivizes participation and rewards engagement. Using the Mogul in-app payment and utility token (STARS), users can vote on, greenlight, and participate in key decision-making aspects of production.
SOURCE: Mogul Productions