Many of the cryptocurrencies on the market today have different types, some of which are Bitcoin, Ethereum, Litecoin, and many others. But there is one thing that is interesting, namely the ERC 1155 standard Semi-Fungible Token. If we refer to the Ethereum website, ERC 1155 is "The Final Token Standard on Ethereum" which was published in 2018. Unlike most other types of Ethereum tokens, ERC 1155 only requires one smart contract to deploy multiple tokens, meaning a single smart- contract can govern an infinite number of tokens. The capabilities of ERC 1155 are very much needed in the gaming, arts, or other industries.
What is Mocktail?
Mocktail is the first platform in the world to adopt the ERC 1155 standard Semi-Fungible Token on Binance Smart Chain. The purpose of Mocktail's adoption of ERC 1155 is to allow multiple addresses and can own this token and one address can own multiple copies of each token. Because as it is known that the ERC-20 which is widely adopted by crypto platforms currently has limitations, where one smart contract can only deploy one class of tokens. This is not flexible at all, because we have to have many smart contracts to be able to deploy several classes of tokens. Therefore ERC 1155 is here to cover this shortcoming, by offering the ability of one smart contract to be able to deploy each new class of tokens, meaning that a single smart contract can govern an infinite number of tokens.
Not only that, Mocktail is a finance platform that allows users to be able to access various DeFi features such as swap, stake, and farm. With Mocktail Finance, users can maximize their profit with a multi-yield strategy optimizing the BSC safely and at low cost. This is the focus of Mocktail Finance, as an AMM protocol that allows users to maximize their profit safely and affordably.
What features does Mocktail provide?
Mocktail is a decentralized swap solution that runs on the Binance Smart Chain, which is one of the best blockchain technologies on the market today. Mocktail provides various features which allow users to maximize their profit on the cryptocurrency market. Mocktail has the goal of being a fast and secure decentralized swap platform for all users globally. The following are the features offered by Mocktail:
ERC 1155 token standard: Mocktail is the first platform in the world to adopt the ERC 1155 standard Semi-Fungible Token built on the Binance Smart Chain.
Swapping: Mocktail allows users to swap tokens to other tokens with low fees/slippage.
Farming: Mocktail allows users to maximize their returns by lending their tokens to others via smart contracts.
Liquidity: Mocktail allows users to become liquidators and earn rewards for their participation.
Staking: Mocktail allows users to stake their tokens and earn rewards according to their participation.
What is MOK Token?
MOK token is the main feature of Mocktail that will support the operation of the Mocktail platform going forward. MOK token is based on ERC-1155 token standard which is a standard token and a new type of dapp on Mocktail Finance. Because Mocktail is built on BSC, MOK tokens are also based on Binance BEP-20 which is claimed to be faster, safer, lower fees, and better than the previous blockchain technology. As previously explained, this is a semi-fungible token meaning that multiple addresses can own this token and one address can own multiple copies of each token.
Mocktail is the first platform in the world to adopt the ERC-1155 token standard which is a new and the first in the world to be built on the Binance Smart Chain. Mocktail provides a decentralized swap solution that allows people to access various DeFi features securely and quickly. With the presence of Mocktail, it is hoped that more and more people will be able to experience the benefits of DeFi.
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