Around two weeks ago, Binance Smart Chain (BSC) saw the launch of its first semi-fungible token, Mocktail Swap. The token is the BSC’s equivalent of Ethereum’s ERC-1155 token standard, which means that it can be used as an NFT or as a regular ERC-20 utility token, which opens up a lot of possibilities for the project.
What is MocktailSwap?
The project that launched its token on BSC is known as MocktailSwap Finance, and it functions as an AMM protocol that incorporates multi-strategy yield optimizing on the Binance Smart Chain. It offers a number of benefits, including low fees and slippage, it can provide aggregation through lending, vault compounding, and yield generation, and as such, it can deliver maximum returns.
The project also offers decentralized swaps on BSC through its platform, which was created to be highly secure and fully decentralized, utilizing the MocktailSwap (MOK) token as a governance coin.
What Does MocktailSwap Have to Offer?
As mentioned, MocktailSwap has its own AMM platform, and it should be noted that the platform is unique, made completely from scratch, not using any other project’s structure as a base. On top of that, the project also features its own launchpad, which will be useful in the future for launching new tokens.
The launchpad is already operational, currently awaiting clients interested in using it. However, that is not all, as the project also plans to launch its own decentralized exchange (DEX), as well as its very own NFT marketplace. Both are currently in development, and are expected to be launched at some point, although the project did not specify the date, month, or even a quarter when the new additions to its growing ecosystem might be ready to arrive.
Is MocktailSwap Safe?
Given the importance of security in the DeFi sector, the safety of the project is one of the highest priorities for new users, as well as projects. With that in mind, MocktailSwap was confirmed to be a safe and secure project by none other than blockchain security company, CertiK, which did a full audit.
CertiK did even more than that, however, adding its own technology to secure the project, including the Skynet system, which conducts a 24/7 security scan on all of the project’s smart contracts, looking for anything that might compromise security of users, funds, or the project itself. It also has CertiK Shield activated, which provides insurance against hacking for MOK token holders.
In other words, yes, the project is safe and secure for anyone interested in using it, and it was further secured by one of the best-known blockchain security firms out there.
An additional dose of legitimacy comes from the fact that the project was also featured on CoinTelegraph, Business Insider, and other reputable news media outlets.
How to Get MocktailSwap Tokens?
MocktailSwap tokens can be obtained in a number of ways. The project is already listed on several DEXes, including PancakeSwap, BakerySwap, and MocktailSwap itself. Furthermore, users can get more MOK through staking and yield farming rewards, as the project also offers these DeFi services and functionalities.
Users can also get it by staking tokens of another project, GooseFinance. GooseFinance offers an EGG token, whose holders can stake the token and receive MOK as a reward. This is possible thanks to an early partnership that the two entered some time back.
Users can also keep track of the token’s price performance via its own website which offers a chart, or on CoinGecko, which also has it listed, and offers various details and information about MOK.
