Mocktailswap — Developing Excellent Automated Money Making DeFi.

5 min readJun 15, 2021

It is not just about building projects on DeFi, but also about delivering solutions to difficulties that traders experience on a daily basis. Some initiatives have nothing to offer users, or if they do, they do not back it up properly, and as a result, the trader loses their dollars. The Mocktail Finance brings a lot to the table. They have staking, farming, and exchanging projects under the Mocktail ecosystem as they are seeking for various ways to deliver multiple yield to their platform’s users via the Binance Smart Chain network, a developing blockchain network that most projects are beginning to massively utilize.

MOK token :

The MOK token is the platform’s token, and it is the first semi-fungible token to be created on the Ethereum network. It is an ERC-1155 token, which is rather scarce. As a governance token, the token manages the platform’s actions. The MocktailSwap platform allows users to swap their decentralized tokens in a secure and timely manner. The ERC standard SFT is a standard that enables contracts to handle various sorts of tokens. An NFT or Fungible token may be included in a single contract.

Features of MocktailSwap :

This platform, which has been successfully developed in the BSC, provides the community with access to the many decentralized functionalities made accessible on the platform. Mocktail allows users to make effective use of projects while earning a lot of money. They may also swap tokens for a nominal cost on MocktailSwap.

The platform’s token is based on the ERC-1155 token standard and is run on the BSC network. It is the first token standard to be developed on the BSC network.
Swap: The platform allows users to trade their tokens for a minimal fee.
Yield farming: While other users earn via various methods on the network, liquidity providers gain by lending out their tokens via a method known as smart contracts. In exchange, they are richly rewarded.
Liquidity: A liquidator makes money by contributing to a liquidity pool. A portion of trading costs is also paid to liquidators in exchange for providing liquidity to a pool.
Stake: Here, users stake their tokens in exchange for rewards for their engagement.

Why use BSC?

There is no compelling reason to adopt a blockchain network that is sluggish to process transactions and therefore more expensive. Because the platform has a lot of liquidity, there will be more deposits and withdrawals all the time. This implies that reduced costs and faster transactions are required for a higher yield and success of the project.

The BSC network is not as well-known as the Ethereum network, but that doesn’t matter because it is expected that the BSC network will catch up with it in time. It is now being used by a large number of projects in the DeFi community, and we all have great hopes for it.

ERC-1155 and Dapp on Mocktail :

Consider having a vending machine that can distribute a variety of things. This vending machine is analogous to ERC-1155, which serves as a standard interface for contracts that manage numerous token kinds. If Erc-20 requires a new smart contract to deploy each new class of token, ERC-1155 allows a single smart contract to manage multiple tokens at once, whether they are fungible, non-fungible, or others. As a result, ERC-1155 is said to be more adaptable than protocols such as ERC-20 or ERC-721.

Mocktail is a platform that uses the ERC-1155 Semi-Fungible Token standard. The Mocktail coin will act as a catalyst for Mocktail Swap by embracing ERC-1155. The Token Mocktail was created on the Binance Smart Chain, which is the newest Ethereum-based blockchain technology with superior speed, security, low fees, and a robust ecosystem when compared to the standard Ethereum platform.

Mocktail not only includes the ERC-1155 token, but it also functions as an AMM protocol, allowing users to access multi-strategy yield optimization on Binance Smart Chain (BSC) with minimal fees/slippage. This helps the user to maximize his or her return.

A decentralized exchange solution developed on the BSC platform will also be included in the mocktail. Users may have access to a safe and rapid swap platform.

ROADMAP :

To conclude :

ERC-1155 is a new Ethereum token standard that was introduced in 2018. It is designed to serve as a common interface for contracts that manage numerous token kinds. One smart contract can regulate an unlimited number of tokens under ERC-1155. Mocktail is a platform that uses the ERC-1155 token and is built on the Binance Smart Chain. Mocktail is therefore the first platform to build the ERC-1155 on BSC. Mocktail is not just an ERC-1155 token, but also a Binance Smart Chain Dapp. Allows consumers to have access to numerous decentralized financial services in a more secure, timely, and cost-effective manner.