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Mogul Press

Official Statement on Bitmart

Overview and Background

STARS is a utility token that powers the Mogul ecosystem on our platform. It is used to buy NFTs, earn rewards, gain access to unique content, and more. STARS is a user’s gateway to where Hollywood and blockchain meet. To make that gateway more accessible to the world, STARS is available on the largest blockchain in the world (Ethereum) and the fastest growing blockchain (Binance Smart Chain).

The STARS token is critical to the Mogul ecosystem, where our mission is rooted in the decentralization and inclusion in Hollywood through NFTs, DeFi and the Metaverse.

STARS ERC20 token was listed on the Bitmart exchange by their team this past April. Since then, we have worked well with the Bitmart team. Last week, we had correspondence with the Bitmart team to support BEP20 STARS due to the increasing demand for it.

The community has independently given additional utility to STARS outside of the Mogul platform on decentralized, community-run platforms such as ApeSwap, UniSwap and Pancake Swap. Each of these platforms support STARS and have liquidity on them, provided from the community, required to swap tokens and earn rewards.

The Incident

On Saturday at 7:45pm EST a member of the Mogul team noticed an abnormal transaction come from Bitmart where 19 million ARS tokens were withdrawn to the Ethereum blockchain.

Our team was alerted, and shortly found there was a security breach on Bitmart where their hot wallets had been compromised, allowing a nefarious actor to take 21 million STARS tokens from the exchange into their own wallet. At this time, the Bitmart team had not made any statement.

Mogul took quick action. We knew that the hacker had tokens on Ethereum, and that Uniswap only had ~ 15 ETH of liquidity (versus $2m+ on BSC), so we worked with the AnySwap team to immediately pause the bridge from ERC > BEP to corner the attacker and prevent them from accessing any cross-chain liquidity to sell their tokens. This isolated the problem immediately and gave assurances to our users.

Our next course of action was to have a development meeting with our team, which included our team members that wrote and tested our token contracts. We needed to rule out that there was no ability to blacklist the hacker’s address via our token contract and to determine any potential adverse effects of pausing our token through the contract. Unfortunately, our token does not have a “blacklist” option. Adding this type of token functionality within a token contract is a divisive topic among cryptocurrency enthusiasts. The audited contracts for STARS can be found in our Github here.

Due to the fact that we had cornered the attacker to a (relatively) small amount of liquidity to sell their tokens into, we decided against pausing the tokens and our team created an action plan of the steps we would need to promptly follow in order to deploy a new STARS token contract, where we would blacklist the hacker’s address and compensate all of our holders with a snapshot of the token holders without the attacker’s address. We contacted our partners to make sure our action plan was comprehensive, and if initiated, it would cause the smallest amount of inconvenience for our users.

Several hours after closing the bridge, BitMart contacted us to tell us there was a security breach and asked if we could assist them in blacklisting the hacker’s wallet address. They alerted us that they’d be contacting other exchanges to recover tokens and that BitMart would cover all losses of our users and create an action plan to resolve this issue. They asked us if a contract migration was possible, and we were able to share our action plan that had been put together.

The Aftermath

Our team has been monitoring the situation closely and have set alerts on the hacker’s addresses so that we can act promptly if any tokens are moved. We have action plans created for a wide number of scenarios to make sure that we’re able to act quickly and diligently as a team so that the impact of this situation is remedied as quick as possible.

We have read all communication put out publicly about the incident and are happy to hear that Bitmart has partnered with globally respected exchanges, asset managers, and security companies to rectify the situation for all of the 45 impacted tokens and their users.

Next Steps

Mogul is waiting on accurate information directly from the Bitmart team. Until then, we have incomplete information to decide on a next step.

As it stands right now, all ERC20 STARS supported exchanges will be able to intercept the hacker’s STARS if they were to move them to one of their exchanges to return the coins to the user, and there is only 15 ETH in liquidity on Uniswap. If you have liquidity on Uniswap. we suggest removing the liquidity.

The hacker’s only options are to sell on Uniswap for the amount of liquidity that remains there or abandon the tokens for no return. We will make a move forward that benefits our community in the short and long term, and Bitmart has committed to compensating users who were impacted.

The AnySwap bridge is still paused. If you have used the bridge while it has been paused, the AnySwap team has informed us that these are recoverable and we will address this situation once we hear back from Bitmart.

The decision-making process will be made transparent with our community to give confidence to our users that Mogul will act in their best interests during times of third-party error and crisis.

We commit to working with Bitmart for the best interests of our users to help in this situation where we can.

Learning Opportunities

As an industry, we need to normalize double audits and encourage exchanges to publish more accurate information on their cold storage solutions as well as their “disaster plan” for how they will move forward in the event of a hack.

Mogul will only partner with organizations that commit to publicly displaying their contract and token audits to the world for the safety of our users. We commit to using best-in-class security processes internally for password and private key protection and expect that our partners do the same so that these incidents do not impact the end users. Every project has a responsibility to make sure that we’re building our ecosystem in a sustainable manner and we thank the community for their understanding.

We commend BitMart for taking action and committing to compensating all losses.

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Mogul Press

October 29th Newsletter

BIDDING HAS STARTED

THE LEGACY COLLECTION: PORTRAITS OF STAN LEE FROM ROB PRIOR

This magnificent collection uniquely captures the life and work of Stan Lee, memorializing his likeness on some of the most iconic Marvel covers ever drawn. A tribute to his friend Stan, and the icons he helped forge, this collection is one of Rob’s proudest works. For the initial sale, each auction winner will also receive the physical piece of art, signed by Stan, which could be over 6 feet tall!

Stan Lee is a registered trademark of Stan Lee Universe, LLC, and these portraits and NFTs are offered under a special arrangement with Stan Lee Universe, LLC. Domestic (US) shipping is included with the purchase. International will be arranged with the creator and their team.

AUCTION INFO

BIDDING ENDED OCTOBER 29 @ 5:00 PM PST

  • A limited collection of NFTs memorializing Stan Lee.
  • Each NFT is original 1/1 and will be sold with the accompanying artwork signed by Stan Lee before his passing in 2018.

ABOUT ROB PRIOR

THIS WEEK ON SOCIAL

Like to Listen? Gorav Seth, co-chair of Film Financing at Mogul Productions, was featured on the podcast Off the Ledger with Jason Butcher to talk about Mogul Productions, DeFi and filmmaking, empowering film fans, NFTs, and more.

On Twitter? Post a screenshot of your notifications turned on to this Tweet and you will be entered for a chance to win $250 in $STARS!

Join the conversation on our Twitter Spaces, held weekly every Tuesday.

On Instagram? Rob hides a chicken head in all of his original paintings. Make sure to visit our Instagram page to find the chicken heads in these pieces for a chance to win $250 in $STARS.

If you don’t already follow us, you should! We’re on every channel, and you’ll stay informed on all the opportunities to participate in giveaways, win prizes, and you’ll be first in line for information on new drops.

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Blog Posts

October 22nd Newsletter

The Legacy Collection: Portraits of Stan Lee from Rob Prior

‍It’s with great enthusiasm that we introduce to you our rarest NFT collection to date: The Legacy Collection: Portraits of Stan Lee from Marvel & DC Comics artist Rob Prior. Here’s a quick overview:

  • A total of ten NFT paintings memorializing Stan Lee in some of the most iconic Marvel covers ever drawn will be auctioned exclusively via Mogul starting on October 27th for 48 hours
  • The Legacy Collection uniquely captures the life and work of Stan and serves as a tribute to the icons he helped forge. Each original, 1/1 NFT will be sold with the accompanying physical artwork that was signed by Stan before his passing in 2018.
  • This collection is one of Prior’s proudest works. His hope is that on blockchain, these pieces will live forever, along with Stan’s memory and the Marvel Universe. NFTs are the best way for the world to see one of the last projects Stan Lee ever touched.
  • Rob hides a chicken head in all of his original paintings. Make sure to visit our Instagram page to find the chicken heads in these pieces for a chance to win $250 in STARS

You don’t want to miss Rob’s exclusive interview with Mogul about the collection, which premieres Monday on our Youtube channel!

View the Collection

Mogul Weekly Recap (ICYMI)


Every week, Mogul Productions hosts several events across our platforms, including AMAs, live interviews, giveaways, and more, with high-profile figures in the movie, blockchain, and NFT industry! Here’s the rundown of what’s gone down this week, so that you’re in the know.

  • Mogul Live Interview with Rob Prior
  • Rob joined our host James Pratt to discuss the Legacy Collection and what it was like to work with Stan Lee.
  • Twitter Spaces with Rob Prior, Comics and Crypto, and @thecomicway
  • This week’s feature in Mogul’s Twitter Spaces were special guests Marvel and DC comics artist, Rob Prior, comic book writer, @thecomicway, and Comics and Crypto founders, @SpencerVogel3 & @bayareaproducer!
  • #MogulxBoneWorld Giveaway Contest
  • We partnered with Boneworld, a 3D NFT Avatar project hosted on the Solana blockchain, for an NFT giveaway over on our Twitter account. The winner received a Skelly AND $400 in $STARS! Be sure you’re following us so you don’t miss another giveaway!

Be sure to check our blog and press pages on our website to read all that we have been up to!

Mogul in the Media


Mogul Productions, Rob Prior, and The Legacy Collection: Portraits of Stan Lee were featured in the press this week by Decrypt Media and Investing.com. Check them out here:

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. Leveraging blockchain and a tokenized model, Mogul incentivizes participation and engagement. Using the Mogul in-app currency and utility token (STARS), users can vote for their favorite films to be greenlit and can also participate in key decision-making aspects of the production. STARS holders are key governing bodies of the Mogul platform, including the profit-sharing pool of capital accruing from Mogul-funded movies. Mogul’s production team and advisors are award-winning Hollywood veterans who have written, directed, acted in, and produced diverse slates of films and TV shows

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Mogul Press

What is Mogul Productions and the STARS Token?

An unprompted overview of Mogul & STARS from a well known, highly respected tech & crypto influencer

Read more at Ivan on Tech

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NFT Drops

Proof of Origin NFT Auction Details

Important Details

  • The auction will start on the 27th of May at 8pm EDT
  • The auction is conducted only with STARS tokens
  • Starting price is 100,000 STARS tokens
  • If your bid is beaten or unsuccessful you will receive the bid amount back to the wallet it was sent from, minus the gas fee

The NFT

Rob Prior’s Wolf of Wall Street NFT is titled “Reign of Money…. what the f$ck”. The NFT is an ERC1155 token built on the Ethereum blockchain. The token can be viewed on OpenSea here.

Paintings are difficult to make into NFTs. An artist can digitize a painting, but it’s nearly impossible to prove that the NFT will be the only instance of that painting. There’s always the question – “but what about the original?”

For the first time in history, Rob Prior and Mogul Productions will be converting a one-of-a-kind painting into a provably verifiable NFT, where it will only live as an ERC1155 token.

Inside the metadata of the token, the purchaser will be able to access the following items:


1. A full rendering of the painting

2. A video of Rob painting the original painting 

3. The animated version of the painting

So, the purchaser will be able to see the creation of the painting within the token itself! Plus, all viewers at the Proof of Origin event will see Rob burn the original painting live on camera. 

The Basics

Mogul is excited to be holding an auction for an NFT based on an original painting depicting the Wolf of Wall Street. Produced by the talented artist Rob Prior (of Marvel & DC Comics), the entire process will be livestreamed on your Mogul Dashboard after logging in. If you are unable to access Mogul for whatever reason, you can watch the full livestream on YouTube here: https://youtu.be/C-4Efre015Y

Once the painting has been completed and the work memorialized in NFT format, the original work will be burned to ensure the NFT is the only remaining version of this piece! 

The auction will take place on the Mogul Productions Dashboard shortly after the Rob Prior Proof of Origin event concludes (5pm EDT – 8pm EDT). You will need to be logged into your account, and you will need a MetaMask wallet containing enough STARS to cover your bid, and enough ETH to cover the required gas fees.

You can purchase the STARS token on our website here. Or alternatively you can go ahead and use a service like Uniswap. You will likely get a better price with the second option, as STARS are sold at a fixed price on Mogul. Here’s a guide on Uniswap and how to use it.

Please be aware that due to the length of time it can take for transactions to be processed on the ETH network, any bids submitted shortly before the cutoff time may not be received in time. In this case, your funds will be returned to you minus the gas fee. To avoid this, we’d recommend you increase the gas fee to the highest level you’re comfortable with (10-20% above the current gas price potentially) as this will dramatically reduce the amount of time it takes for your bid to process.

Schedule / Process

Before the Auction, you will be able to watch the livestreamed Proof of Origin event (5pm – 8pm EDT) on your Mogul dashboard (you can also watch it here: https://youtu.be/C-4Efre015Y). Below the video player you’ll find the auction section. This will display the starting price we have set.

Once the livestream has ended, the auction will begin and run for 24 hours. As you can see in the screenshot below, you will be able to see the current bid, whether or not you are the highest bidder, and your current STARS balance.

If you decide to place a bid, a window will open where you can enter the amount you would like to bid. This must be greater than the current highest bid. The page will refresh when a new bid is entered, so you won’t need to constantly refresh the page.

Once you’ve submitted your bid, MetaMask will open for a two stage process. First, you will be asked to approve the transaction, this will incur a small gas fee.

Once that has processed, you will be asked to submit the bid itself, which again will incur a one-off gas fee. You may want to opt for a higher gas fee if it is close to the auction’s end and you’re trying to squeeze in a last minute bid.

Once the auction is over and the final bid has been accepted, the winner will be automatically announced on the Mogul Dashboard. 

More Information

You can find information about how you can view and interact with your Mogul NFTs here.

Categories
Mogul Press

Entertainment Lawyer Tifanie Jodeh Acosta Joins Mogul Productions as Head of Business Affairs

Acosta joins Mogul as their film financing team grows

Mogul Productions, the decentralized film financing (DeFiFi) platform and movie-based NFT marketplace, today announces entertainment lawyer Tifanie J. Acosta as the project’s new Head of Business Affairs.

As the Founder and Managing Partner of Los Angeles-based Entertainment Law Partners, Acosta brings with her a plethora of experience representing actors, performers, writers, directors, musicians, executive producers, public relations companies, managers and producers.

“We’re delighted to welcome Tifanie to the Mogul Team,” said Mogul Productions Founder & President, Lisa Sun. “Her insider-level knowledge of the entertainment industry is unparalleled, and we can’t wait to tap into the deep well of experiences that she brings to Mogul’s film team.”

Added Acosta: “I’m inspired by the idea of turning film production into a more inclusive, equitable and accessible process for both fans and key stakeholders. I’m excited to join the team in deal making across Mogul’s film platform and advance the company’s key business priorities.” 

Acosta’s multifaceted career extends over 20 years handling production, legal  and business affairs on such projects as “Greenland” (starring Gerard Butler), “Breaking News in Yuba County” (starring Allison Janney and Mila Kunis), “Chappaquiddick” (starring Jason Clarke) and “The Stand-In” (starring Drew Barrymore). She started her career in the business affairs department at Nancy Cartwright’s company (voice of Bart Simpson) and was later the general counsel of TFN, The Football Network where Acosta was responsible for a range of issues pertaining to production, business and legal affairs, intellectual property, financing, standards and practices, and more.

Acosta has been recognized as a “Viv Magnificent Woman”by VIV Magazine, and has lectured on the business of film and television at Louisiana State University, Slamdance Film Festival, San Pedro Film Festival, Hollywood Black Film Festival, Film-Com and more. Jodeh is an Emmy voting member of the Television Academy.  She regularly blogs about the entertainment industry and posts noteworthy columns featured at http://entlawpartners.blogspot.com/ 

Acosta joins a leadership team led by Sun, along with Co-Chairs of Film Financing Paul Sparkes & Gorav Seth.

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 blockchain 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.

Website: https://www.mogulproductions.com/
Twitter: https://twitter.com/mogulofficial_

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Blog Posts

How to Bridge Your STARS Tokens to Binance Smart Chain (BSC)

STARS tokens are going to be available on Binance Smart Chain (BSC) as of July 15, 2021. By default, STARS are ERC-20 compliant, meaning they live on the Ethereum blockchain.

That means in order to hold and trade STARS on BSC, you need to trade in your Ether-friendly STARS for ones that are BEP-20 compliant.

Remember, you also need to be able to do the reverse and bridge BEP-20 STARS back over to ERC-20 because using STARS for voting or staking on the Mogul platform can only be done with the ERC-20 version.

Here’s exactly how to bridge your STARS tokens in six easy steps.

Step 1: Go to AnySwap.Exchange

Anyswap.exchange does exactly what the name says. It allows you to swap almost any digital currency for one of a different format. Click here to get to the website and get to the exact page for swapping the STARS currency pairing.

Here’s exactly what the page looks like:

Step 2: Decide Which Way You Want to Complete the Swap

If you have BEP-20 STARS and want to convert them into ERC-20 STARS, you need to choose the option to Redeem your tokens by toggling the menu to the top right of the screen. If you’re trading ERC-20 STARS for BEP-20 STARS, choose the deposit option. See the screenshot below:

Step 3: Choose the Right Blockchain Network within Your MetaMask Wallet

No matter what you’re doing, your MetaMask wallet always has to be set to the right blockchain network. If you select your wallet by clicking the fox icon that represents your MetaMask Google plugin and get a “Wrong Network” message, it means you need to either switch to Binance or Ethereum, depending on whether you are redeeming or depositing tokens in the step above.

If you don’t know how to connect MetaMask to BSC, check out this guide offered by Binance. See the screenshot below for further guidance:

Step 4: Initiate the Bridge Transaction

Enter the number of STARS tokens you want to trade and hit Cross-chain Deposit/Redeem. You need to swap at least 1,260 tokens in order for your transaction to go through.

Step 5: Confirm Your Transaction via MetaMask

AnySwap will accept your transaction, but that doesn’t mean you’re done. Once you initiate the cross-chain exchange, you’ll need to confirm it through MetaMask.

Make sure you have a minimum of 0.02 ETH in order to complete the transaction because you do need to pay a fee to the network.

Step 6: Check to See That Your Bridge Transaction Is Complete

Now that you’ve looked at your MetaMask wallet and confirmed your transaction, you can click on the STARS token to the far right to see when you’ve successfully bridged your tokens. Make sure you check that before you leave the page so that you don’t get caught having to do the transaction again.

You can now be fully confident in bridging your tokens from BSC to Ethereum and vice versa. Join us as we launch on BSC on July 15, 2021 and give you, the STARS token holder with the lower fees and faster speeds that BSC provides and that movie fans like you deserve.

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Mogul Press

Mogul Partners with ApeSwap

Mogul partners with ApeSwap; giving STARS token holders increased use cases on the  Binance Smart Chain

Mogul Productions, a decentralized film financing and movie-based NFT platform bringing together movie fans, creators, and financiers, is partnering with ApeSwap, the fastest-growing decentralized exchange (DEX) and community within the Binance Smart Chain (BSC) ecosystem.

ApeSwap is a decentralized, community-owned exchange platform that, due to being deployed on the Binance Smart Chain, is more cost-effective than using Uniswap; especially for frequent users. 

ApeSwap gives tokens more utility through participation in their farms, pools, and Initial Ape Offerings (IAOs); all of which center around their BANANA and GNANA tokens. Users can stake their existing tokens to earn BANANA and vice versa. 

The site currently boasts nearly $300 million in total value locked and 155,000+ followers on its social media channels. The BANANA token is a top 350 cryptocurrency by market capitalization and the project’s expanding group of partners currently includes 90+ different strategic alliances.

STARS holders will be able to use ApeSwap as of July 15, 2021; giving Mogul access to ApeSwap’s growing userbase of 400,000 monthly active users

Apart from ApeSwap integrating STARS into their platform, Mogul and ApeSwap are joining forces in a host of marketing efforts centered around introducing STARS to the BSC ecosystem. These co-marketing efforts will give Mogul exposure to ApeSwap’s engaged userbase, including their 30,000 BANANA holders and non-fungible ape holders.

As part of the partnership, ApeSwap is featuring Mogul on ApeTV, a global podcast series reaching listeners from more than 30 countries that is now streaming on Spotify.

The partnership will also include:

  • Multiple Twitter and Telegram giveaways from both projects for users to earn STARS and BANANA
  • An ecosystem development campaign, where Mogul Access Pass holders will be gifted $10,000 worth of free BANANA, and non-fungible ape holders will be gifted STARS BEP20 tokens
  • A GNANA staking pool to earn STARS
  • Official STARS listing on ApeSwap
  • A STARS/BNB LP farm to earn BANANA 

Anonymous ApeSwap founder Obie Dobo  says the amazing growth that Mogul has experienced in such a short time makes the partnership a match made in DeFi heaven:

“We identified Mogul as a top Ethereum project in the NFT space based on the fact that they’ve grown their audience to over 50,000 users and done more than $10 million in NFT sales. We’re incredibly excited to launch STARS products on ApeSwap”.

“Given that both Mogul and ApeSwap are two of the fastest-growing projects in the cryptoverse and more and more users are looking to BSC-friendly platforms to get their hands on crypto, the partnership is a great milestone for us, says Lisa Sun, Founder and President of Mogul Productions. “Community growth is important to us at Mogul, and we’re excited by the engaged ApeSwap community – we’re sure to find some movie fans there!”

About Mogul Productions (Mogul)

Mogul Productions is a decentralized film financing project connecting creators, film financiers, and movie fans together, giving everyone the opportunity to participate in producing and distributing big-budget movies.

Using blockchain technology, NFTs, and tokenomics, Mogul incentivizes participation and engagement. The STARS token allows users to complete in-app payments and vote on key decision-making surrounding green lighting and producing feature films.

Website: www.mogulproductions.com

Twitter: www.twitter.com/mogulofficial_

About ApeSwap

ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon focused on offering a premier trading experience. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features. Built by DeFi apes, for DeFi apes, we have a dedicated team with years of experience who are committed to the DeFi community and growing the ApeSwap Jungle.


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