FAQs

Fees

Is $MOGULS cheap?

Our aim is to keep $MOGULS affordable, however, we have no control over the interest of the public to purchase and hold $MOGULS. We are also launching two other coins pegged to $MOGULS to offer APY and dividends. We will be doing our best to ensure that everyone will be able to join in on the ride.

Is there a fee for buying $MOGULS

Short answer is yes. However, we are not in charge of that, if we had the option we would make all transactions for $MOGULS free. We have to reward the people doing the hard work of making transactions happen, so there is what is called “gas” to make transactions happen.

Side-note: its weird all this eco-conscious talk by the crypto community, but even in crypto fossil fuels win. The system should really change “gas fee” to “Telsas fee, tels fee, volt fees, etc” since the system runs on electricity pioneered by Tesla.

Security

How is my money protected with $MOGULS

$MOGULS will be tied to the United States dollar through the majority of our inflation hedge being backed by USDC and BUSD. Unlike other coins tied directly to Bitcoin, $MOGULS will not suffer a major drop in value if Bitcoin experiences another hack or big investors gaming the system.

 

Staking

What is Staking?

Staking in simple terms is fulfilling a promise that you would put some of your $MOGULS away for the future. To make sure you fulfill this promise a system is used to lock up your $MOGULS to keep you honest.

Why should I stake my $MOGULS?

Just like leaving your money in a bank, you receive interest on your money as a reward. Staking does the same thing. As reward for promising to holding onto your $MOGULS for the long-term and not trying to just “make a quick buck”, you will be rewarded by receiving extras the average investor won’t.

Some of the rewards include:

  • – free $MOGULS through what’s called an airdrop
  • – an exclusive plaque for the best stakers
  • – official merch from Mogul Rack
  • – tickets to our annual events
  • – private getaways with Jahmorly and Mogulverse team

Miscellaneous

Why doesn’t Mogulverse do the hype marketing?

Unlike the majority of cryptos, $MOGULS is a long-term project that is being built with real value as the core mission. A great product speaks for itself, thus the greatest marketing is word-of-mouth for a reason.

We want our value to speak for us, not some marketing campaign. We will invest in marketing, however, it’s only a tool to amplify our efforts at creating a community that actually has value.

How is my money protected with $MOGULS

$MOGULS will be tied to the United States dollar through the majority of our inflation hedge being backed by USDC and BUSD. Unlike other coins tied directly to Bitcoin, $MOGULS will not suffer a major drop in value if Bitcoin experiences another hack or big investors gaming the system.

 

Why is $MOGULS tied to the USD Dollar?

Because moguls trust us to help them monetize their talent and knowledge, we take great care in ensuring that their money won’t lose value. A dollar earned on Mogulverse is a dollar that should be able to be spent digitally and in real life.

We are also hedging our US dollar investment by looking into acquiring the Yuan, Australian dollar and other emerging currency based coins. However, the majority of our inflation hedge pool will be dollars.

Why create an Inflation Hedge?

Inflation is what happens when prices increase too quickly. This can be the result of many things, such as; war, politicians creating short-sighted policies just to earn “brownie points” rather than cutting the deficit, natural disasters, Silicon Valley employees moving into your neighborhood – just to name a few.

Even though we believe in the decentralization of crypto, because we are a platform for people to make a living, we can’t afford to just “hope and pray” everything goes right and everyone acts in the benefit of others – the reality is the world is not a pretty place.

To take a more active role in protecting our community we have created the concept of a hedge that is actively managed to ensure that $MOGULS is backed the USD, as well as, able to combat big whales. We’ve seen how those on Wall Street talk about loving innovation, but tried to run Tesla into the ground. We want to ensure moguls are protected against these types.

How often does $MOGULS get burned?

Our goal is limit the supply of $MOGULS hourly. We are currently deploying a trading system that burns 1 BNB worth of $MOGULS per hour. We also burn portions of profits from our hedge fund and Mogulverse buyback fund. We do not disclose the specific timing or amounts of the fund burned to protect $MOGULS from bots and whales.

Stocks have had the problem of earning calls where a company reports great numbers, but the stock goes lower because of manipulation by large investors. We’ve seen this non-sense enough to not make that mistake in the world of crypto.

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