🪙Token Standard
The Mogul Platform is one of the first platforms to support both ETH and BSC.
ETH
On Mogul, NFT collections on ETH can be purchased with both Ethereum and or $STARS tokens. Buyers purchasing using $STARS will also receive a 5% discount on their purchase.
Gas fees to buy and mint NFTs are collected in ETH.
ERC-721
The ERC-721 is the standard for minting 1 of 1s. Minted tokens are unique and can have different values than another token from the same smart contract due to age, rarity, other properties, or simply the visual difference of the artwork. Commonly this is referred to as a PFP collection (Avatar collections)
When it comes to editions, tokens will be numbered and marked with the corresponding number of that edition e.g a collector can own the token number 3 of 100 editions.
ERC-721 tokens can represent:
Digital and physical art
Collectibles
In-game items
Physical property and real-estate
ETH also enjoys being the most accepted standard for NFTs, and offers the most interoperability with other platforms.
ERC-721 Editions show up as differently numbered tokens and each unique with different properties. Mogul PFP collections are all built on the ERC - 721 token standard
ERC-1155
The ERC-1155 is a dual purpose fungible and non fungible token standard. While you can mint fungible NFTs under the ERC-1155 standard, the most common use cases is for items to have multiple editions of the exact same artwork or photography, situations where minting and managing bulk fungible items can save time and gas.
ERC-1155 tokens can represent:
Movie Tickets
Access to a Digital Song
Copies of an Album
ERC-1155s are usually leveraged for Airdrops or Unlockable content
Editions in this standard are not numbered and have multiple instances. If you mint 100 editions of the same token on an ERC-1155 contract, these will show as one token that has 100 copies.
BSC
On Mogul, NFT collections on any BSC contract can be purchased with $STARS tokens. Gas fees to buy and to mint NFTs are collected in BNB.
BEP - 721
BSC's version of the 721 token standard is an extension of Ethereum's ERC-721. As such, NFTs on this standard perform the same functionality of ERC-721, on a different chain.
BEP-721 tokens can represent:
Digital and physical art
Unique Collectibles
In-game items
Physical property and real-estate
Being connected to the BSC network, transactions require BNB tokens. For NFTs purchased on Mogul's contract, buyers of NFTs can only use $STARS tokens.
BEP - 1155
BSC's version of the 1155 token standard is an extension of Ethereum's ERC-1155. As such NFTs on this standard perform the same functionality as ERC-1155, on the Binance Smart Chain.
BEP-1155s are usually leveraged for Airdrops or Unlockable Content.
BEP-1155 tokens can represent:
Movie Tickets
Access to a Digital Song
Copies of an Album
Editions in this standard are not numbered and have multiple instances. If you mint 100 editions of the same token on a BEP-1155 contract, these will show on as one token that has 100 copies.
Being connected to the BSC network, transactions require BNB tokens. For NFTs purchased on Mogul's contract, buyers of NFTs can only use $STARS tokens.
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