Mogul productions: The new filming philosophy
DeFi in the Film Industry
Mogul permits filmmakers to proceed past centralized, gigantic production houses. With the use of our STARS token and continuous fund, filmmakers and movie fans homogeneously have a decentralized voting and financing structure where preeminent films are selected for the big screen. Major DeFi Opportunities: Lending, dApps, then… Film
We have traditionally had two major use cases known within the scope of DeFi, these are dApps and lending. In lending, we employ the idea of borrowing funds directly from lenders using cryptocurrency as collateral instead of the use of traditional assets such as property and gold.
Whereas dApps are more like the intelligent, younger cousin of banking applications in which users are hitherto familiar. However, there are still new use cases unfolding, like what we’re doing with DeFi and film.
One outstanding important variation between a smartphone app that you constantly download or have running on your device right now and a dApp is that dApps bank on the peer-to-peer host in running the backend code.
In the traditional setup, smartphone apps utilize standalone computers or single cloud hosts in running their code. Popular examples of dApps are UniSwap, CryptoKitties, and OpenSea. definitely, CryptoKitties is an illustration of a non-fungible token as well.
Also, there are some outside-the-box ideas for dApps. One case is Augur which characterizes itself as the world’s most approachable, limitless betting platform. Another unique case of a dApp is PoolTogether, a decentralized, no-loss lottery application that permits all partakers to get their money back with one partaker conquering all the profits from a shared pool.
Loans are among one of the fast-increasing markets in the DeFi space. Cryptocurrency holders have the ability to earn a profit on their digital assets by giving them out as loans. This is equivalent to what banks have been capable of in centuries.
Those Borrowing then have to set down collateral to enable them to secure the loan, just like any individual or firm would have to do in the physical world.
The development team has designed a quadratic voting unit in the platform that permits STARS holders to earn as much as a 0.5% yield per day on their balance for sending out and betting their votes. Our protocol encourages users to voice their points of view. Hence, in this kind of voting the decisions that are representative of the entire community are reflected, not just whoever has the most tokens.
Ethereum co-founder Vitalik Buterin has recently opined on both the possibility for blockchain-based voting and on quadratic voting (QV) particularly.
Without a doubt, Decentralized finance and technology will continually grow as the world go on to crave substitute solutions to centralized financial structures.
With DeFi products, the average person will be revolutionized in the way he borrows, saves, and spends money. However, farther than applications like lending, the likelihood for DeFi to extend to more than money is endless. This development advances by the year.