THE FIRST ERC-1155 MOCKTAIL ON THE BINANCE SMART CHAIN.

4 min readJun 5, 2021

ERC-20 is a symbol that has made significant progress on the Ethereum blockchain. Many platforms offer coins based on the Ethereum ERC-20 standard. This is because Ethereum is the most extensive and well-founded open-ended decentralized programming Platform. The Ethereum blockchain is being used by a growing number of platforms. Along with the expansion of Ethereum, a few types of tokens, for example, ERC-1155, began to emerge. ERC-1155 is “The Last Symbolic Norm on Ethereum,” allowing a single smart agreement to manage an infinite number of tokens.

Mocktail is also the world’s first ERC-1155 standard Semi-Fungible Token built on the Binance Smart Chain. However, Mocktail is more than just an ERC-1155 token; it is also an AMM protocol and exchange Platform that enables clients to have access to many decentralized monetary administrations, allowing them to increase their benefit on the cryptocurrency market.

ERC-1155 and Dapp on Mocktail :

Consider having a candy machine that can dispense a variety of products. This candy machine is known as ERC-1155, and it serves as a common interface for devices that deal with various symbolic types. If, as with Erc-20, we require another brilliant agreement to convey each new class of a token, then with ERC-1155, a solitary brilliant agreement may deal with various tokens without a moment’s delay, regardless of whether they are fungible tokens, non-fungible tokens, or others. As a result, ERC-1155 is said to be more versatile than protocols such as ERC-20 or ERC-721.

Mocktail is a Platform that uses the ERC-1155 Semi-Fungible Token standard. The Mocktail token will be an impulse that will preserve Mocktail exchange by getting ERC-1155. The Token Mocktail was established on the Binance Smart Chain, which is the most recent Ethereum-based blockchain technology with superior speed, security, low fees, and an exceptional ecosystem when compared to the standard Ethereum Platform.

Mocktail emphasizes the ERC-1155 token and functions as an AMM protocol, allowing people to access multi-method yield advancement on Binance Smart Chain (BSC) with reduced expenses/slippage. This allows the customer to earn the best possible return.

The mocktail will also have a decentralized trading system based on the BSC Platform. Allows clients to use a secure and rapid exchange platform.

Highlights of Mocktails :

Mocktail is a Platform that provides customers with access to various decentralized account features integrated into the Binance Smart chain. Clients may increase their advantage with Mocktail Finance by upgrading the BSC with a multi-yield system. Alternatively, you may swap tokens on the Mocktail trading Platform for a nominal fee. This is another another ethereum token standard and Dapp built on the Binance Smart Chain.

Mocktail highlights include :

Mocktail Token based on the ERC-1155 standard Semi-Fungible Token based on the Binance Smart Chain. It is also the primary ERC-1155 token on the Binance Smart Chain.

Trading: Mocktail allows clients to exchange their tokens for other tokens at a minimal cost.

Farming : Clients can farm cryptocurrency by lending their tokens to others via smart contracts.

Clients can participate by becoming vendors and receiving pay based on their support.

Staking: Allows clients to stake their tokens and farm prizes in accordance with their support.

MOK Token :

MOK is a token distributed by Mocktail that will function as a symbol that supports the Platform’s activities. MOK is based on the ERC-1155 symbolic standard, which is a standard token and a type of dapp on Mocktail Finance. MOK is built on the Binance Smart Chain, which is recognized for being faster, more secure, and with cheaper fees. This is a semi-fungible symbol, which means that different places can claim it, and one place can have several duplicates of each token.

ERC-1155 is a 2018 Ethereum token standard that is planned to offer a common interface for gets that deal with various symbolic types. ERC-1155 allows a single smart agreement to manage an infinite number of tokens. Furthermore, Mocktail is a Platform that uses the ERC-1155 and expands on the Binance Smart Chain. As a result, Mocktail is the principal platform for constructing the ERC-1155 on BSC. Mocktail is not just an ERC-1155 token, but also a Binance Smart Chain-based Dapp. Allows customers to have access to several decentralized monetary administrations in a more safe, quick, and cost-effective manner.