Coin Vs. Coin: XIO/STARS
The crowdfunding sector of the cryptocurrency market contains approximately 35 different coins. Within the top twenty coins, #15 Mogul Productions (STARS) and #16 Blockzero Labs (XIO) can give investors a clear idea of how crowdfunding can work in web3. A comparison of XIO/STARS shows differences in how to raise funds while providing participants with different features and options.
Blockzero Labs
Blockzero Labs is a decentralized autonomous organization (DAO) focused on incubating, accelerating, and launching early-stage projects in the blockchain and cryptocurrency space. Built on Ethereum, the Blockzero Labs DAO aims to support innovative projects with cutting-edge potential to drive market growth and adoption of blockchain technology.
The DAO provides support and resources to these projects, including funding, mentorship, and access to a network of experts and advisors. Some projects incubated and launched by Blockero Labs DAO include Flashstake, a protocol for time-based liquidity mining, AquaFi, a decentralized exchange platform, and Reimagined Ventures, a platform for investing in real-world assets using cryptocurrency.
The Blockzero Labs DAO was founded in 2020 by a group of blockchain entrepreneurs, developers, and investors. The DAO is governed using its native token, XIO, which incentivizes users to participate in voting on initiatives and proposals.
Mogul Productions
Mogul Productions is a decentralized film financing (DeFiFi) platform and an NFT platform allowing users to participate in filmmaking. Mogul Productions uses crowdfunding to finance the films it supports, and users obtain STARS tokens and vote on which films should be funded.
Unlike traditional crowdfunding platforms, Mogul allows for decentralized decision-making and uses NFTs to represent various aspects of the film, providing unique benefits to investors. When a film project is submitted to Mogul Productions for funding, it undergoes the voting process by the community of STARS token holds.
If the project receives enough votes, it is approved for funding, and Mogul Productions creates an NFT associated with the project, called Mogul Non-Fungible Token (MNFT). The MNFTs represent rewards such as digital posters, behind-the-scenes content, and film revenue rights.
Similarities
Governance: Users and investors participate in decision-making processes related to the growth and development of projects.
Incentives: Holders can earn rewards for contributing to the ecosystem in various ways, such as staking, voting, or participating in liquidity pools.
Use cases: XIO can be used as a means of exchange and governance within the Blockzero Labs ecosystem. STARS can be used for voting on film projects and to access various benefits and rewards for supporting film projects.
Differences
Platform focus: Blockzero Labs focuses on early-stage blockchain startups. Mogul Productions focuses on NFTs for the film industry.
Tokenomics: XIO has a maximum supply of 100 million tokens, which is deflationary, and the tokens are burned over time. In contrast, STARS has an initial supply of 1 billion tokens and plans to burn a portion over time.
Token distribution: XIO tokens were initially distributed through a fair launch with no pre-sale or initial coin offering (ICO). STARS was initially distributed through a private sale, followed by a public sale on the Polkastarter platform.
Platform architecture: Blockzero Labs DAO is more decentralized than Mogul Productions. STARS uses a more centralized structure with advisors and industry experts who consult on key decisions.
Overall comparison of XIO/STARS
A comparison of XIO and STARS shows the potential DAOs have to fund independent projects and provide ongoing support. The type of oversight and participation from industry experts can guide and mentor entrepreneurs, developers, and filmmakers to pull off successful projects.
Investors are rewarded with their platforms’ respective tokens, giving them a voice and even stock ownership in projects. Both XIO and STARS provide excellent benefits to creators and investors alike while ensuring projects are built to succeed.
