Why Mogaland?

Problem statement and solution

📚 Problem Statement 📚

Financial inequality is a growing global concern due to multiple factors, including:

🧠 Knowledge gap 🧠

Over 66% of global adult population do not have adequate financial knowledge and skills due to lack of education [1].

💰 Wealth Gap 💰

Top 1% owns 45% of the world's wealth, bottom 50% owns only 1% [2].

🏦 Service Gap 🏦

Financial institutions today do not understand the needs of those at the bottom, leaving them under-serviced or unserved - 1.7 billion adults do not even have access to a bank account [3].
Financial inequality occurs when a small number of individuals possess significantly more wealth and resources than the majority, leading to disparities in economic well-being and opportunities.

💡 Solution 💡

Our innovative solution to combat financial inequality is Mogaland, a captivating game designed to educate players on personal finance.

To address the knowledge gap:

Unlike other games with their own imaginary financial systems, Mogaland incorporates real and live financial data, enabling players to acquire practical knowledge and skills applicable in the real world.

To address the wealth gap:

Mogaland leverages cutting-edge web3 technologies to address the wealth gap:
  1. 1.
    Reward players for their learning efforts and financial prowess.
  2. 2.
    Foster community building.
  3. 3.
    Utilize transparency and security features.
  4. 4.
    Create additional opportunities for players, the ecosystem, and our business.

To address the service gap:

Through gameplay, players generate data that can form enhanced financial profiles, reflecting their financial capabilities and granting access to more suitable financial services.
Mogaland is more than just a game; it's a thriving ecosystem where financial institutions, educators, and financial influencers (finfluencers) can:
  1. 1.
    Engage directly with players in-game.
  2. 2.
    Contribute knowledge, information, and rewards to players.
  3. 3.
    Gain insights into their consumers, enabling them to refine their financial service offerings.
Mogaland is the premier web3 game committed to promoting financial literacy. It features a unique tokenomy where the value of the token is directly linked to the financial literacy achieved by players.
As a comprehensive platform, Mogaland melds existing financial engagement concepts with innovative elements, offering a one-stop-shop for acquiring real financial skills, validating learning through incremental gameplay, and rewarding skilled behavior. Players can visit the Ecosystem Village within Mogaland to connect with credible financial education and information providers, bolstering their financial prowess.
[2] Oxfam
[3] World Bank's Global Findex database