Developing Avenues for wealth creation on defi
INTRODUCTION
Mocktailswap Finance is a platform developed to offer avenues for wealth creation in Defi services. It offers its users a fully decentralized and secured financial system where they can stake their assets and earn good rewards. Their main focus is on Staking and Yield farming, using smart contracts on decentralised blockchain to provide transparent financial services at a very low fee.
The deficiencies associated with the operations of banks and other financial houses have led to the development of various Defi and blockchain technology. These Defi platforms provide financial services that help people to build their wealth by depositing their assets for interest and provision of loan to borrowers.
MOK is built on Binance Smart Chain because it is fast and cheaper and suitable for the achievement of the objectives of the protocol. The team is well grounded with years of experience on Defi services and the platform will be regularly audited by renowned auditors to ensure its safety. The main features of Mocktailswap Finance are:
Exchange
This is the trading/exchange of BEP-20 tokens using automated liquidity pools. This transaction attracts 0.2%, which is used as follows:
0.03% is sent to the Development fun
0.17% is delivered to the liquidity pools for rewarding Liquidity providers.
Liquidity Pools
Investors in Mocktailswap platform place their token assets in liquidity pools. These tokens earn rewards for its owners. The Liquidity pools are:
Farming pools
Investors in this liquidity pool place MOK-BNB tokens. They receive DRINKS (MOK-BNB FLIP) tokens in proportion of the placed MOK-BNB tokens. The DRINKS tokens are thereafter staked to yield rewards. The rewards come from the 0.17% fee on trading fee.
Staking Pools
These are pools where investors stake MOK tokens to earn rewards. The rewards are worked out in blocks.
Temporary little losses may occur on the tokens invested in the staking pools, but it is better than keeping them in the wallet. Thus, investors can withdraw their stakes together with the rewards at any time.
MOK Token
MOK is the native crypto currency of the Mocktailswap Finance platform. It is the pioneer semi-fungible token on Binance Smart Chain, based on ERC-1155 standard.
Regulating Mok Supply
Presently, the supply of MOK is not capped, also the team is not planning to cap it in near future for reasons known to them. This is a source of concern to the participants in the community because it makes the token vulnerable to inflation.
Moreover, there are measures put in place to check and regulate the amount of MOK available in the community in order to cushion the effect of inflation:
Reducing Block Emissions
This is a method of limiting the amount of MOK tokens produced in a block. This method will not be applied often, for some reasons. Rather the users are advised to invest more funds.
Deflationary Mechanism
This method is used by the team to control MOK availability through buybacks. This is done as at when the need arises, especially during inflation.
Roadmap
These are set procedures for establishing Mocktailswap Finance. It include:
Full site Rework
MOK Staking
Introduction of other products
Useful Links:
https://t.me/MocktailSwap
https://www.mocktail.finance/
https://docs.mocktailswap.finance/
https://www.facebook.com/MocktailSwap
https://discord.gg/cntAVTJbGy
Writter Information:
Bitcointalk Username: Seasleep
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768222
Prove Of Authorisation : https://bitcointalk.org/index.php?topic=5327223.msg56800975#msg56800975
BEP-20 Wallet Address : 0x933fA5642DaFC5C0574EFD4539aB9D93D7eB56Ef