MOCKTAIL

bocilkematian (25)in #crypto • 3 years ago

What's so special about ERC1155?
According to blockchain experts, irreplaceable tokens could revolutionize the future of blockchain. How can I really understand this concept and use it? Let's talk about the basics and discuss what makes NFT a special and promising future.

Irreplaceable alternative possibilities are important in the blockchain and cryptocurrency world. Since most currencies are intended for interchangeable assets, they are suitable for any traditional or digital currency. Tokens can be exchanged for other tokens of the same value. For example, you can convert one US dollar currency to another US dollar currency without any difference to the user.

The Ethereum network has popular patterns set by the community itself. Each standard is known as ERC, which stands for Ethereum Request for Comments. It defines methods, techniques, and behavior for specific Ethereum features and is submitted for peer review.

ERC-1155
ERC-1155 is the standard for contracts that governs the combination of interchangeable and non-replaceable tokens.

As a result, this pattern avoids a lot of repetitive code circulating multiple contracts in the Ethereum ecosystem, saving significant storage space and gas costs.

About
Mocktail is the world's first ERC-1155 semi-fungible token built on the Binance smart chain. But not just an ERC-1155 token, Mocktail is also an AMM protocol and exchange platform that allows users to access various decentralized financial services, enabling them to maximize their profits in the cryptocurrency market.

ERC-20 is a token that has undergone significant development on the Ethereum blockchain. Many platforms issue their tokens based on Ethereum ERC-20. This is because Ethereum is the largest and best proven decentralized open source software platform. So many platforms accept the Ethereum blockchain. Along with the development of Ethereum, several types of tokens began to appear, for example ERC-1155. ERC-1155 is the "newest token standard for Ethereum" which allows a single smart contract to manage an unlimited number of tokens.

Mocktail is a platform that accepts semi-fungible ERC-1155 tokens. By adopting ERC-1155, Mocktail token will be the catalyst that will support Mocktail Swap. The Mocktail token is developed on top of the Binance Smart Chain, which is known as the newest Ethereum-based blockchain protocol, which has speed, security, low cost, and a great ecosystem compared to the traditional Ethereum platform.

Imagine that you have a vending machine that can put out a variety of products. This vending machine can be thought of as an ERC-1155, which will act as a standard interface for contracts managing different types of tokens. If with Erc-20 we need a new smart contract to deploy each new token class, then with ERC-1155 one smart contract can manage multiple tokens at the same time, be it an equivalent token, a non-exchangeable token or something else. Thus, ERC-1155 is considered more flexible than protocols such as ERC-20 or ERC-721.

Mocktail not only includes the ERC-1155 token, but also acts as an AMM protocol allowing people to access profitability optimization using various strategies on the Binance Smart Chain (BSC) at low cost / slip. This allows the user to get the most out of it.

Mocktail will also be a decentralized swap solution built on the BSC platform. Allows users to access a secure and fast exchange platform.

Here is the Mocktail function.

1.ERC-1155 token standard:
The mocktail token is based on the ERC-1155 standard semi-substituted token built on top of the Binance Smart Chain. And it is the first ERC-1155 token built on top of the Binance Smart Chain.

Exchange:
Mocktail allows users to exchange tokens for other tokens for a low fee.
Agriculture:
Users can earn cryptocurrency by lending tokens to others through smart contracts.
Liquidity:
Users can participate as liquidators and receive rewards for their participation.
Bet:
Users can stake tokens and receive rewards based on their participation.

How does it work?
MOCKTAIL is the world's first ERC 1155 standard Semi-Fungible Token (SFT) on the Binance Smart Chain.

Mocktail Token is the first semi-fungible token on the Binance Smart Chain.

This is a new Ethereum token standard and a new type of dapp at Mocktail Finance! The ERC-1155 token standard provides a way to create one smart contract managing an almost unlimited number of tokens - technically, 2²⁵⁶ token types with up to 2²⁵⁶ copies each.

In addition, each token is semi-equivalent. Unlike ERC-721 non-fungible tokens (NFTs), each of which can only be owned by one address.

MOK Token
MOK is a token launched by Mocktail which will act as a token that keeps the platform running. MOK is based on the ERC-1155 token standard, which is a standard token and a new type of decentralized application in Mocktail Finance. MOK is built on the Binance smart chain, which is known to be faster, safer and lower costs. It is a semi-replaceable token, meaning that it can be owned by multiple addresses, and multiple copies of each token can be owned by a single address.

Ticker: MOK

Chain: Binance Smart Chain (BEP-20)

Address: https://bscscan.com/token/0x23A1c4025Aa5Dc7f876530bEb76346b99d50C3AA

Private Selling
Block Start: Unannounced

Starting Time: 1 APR, 2021 17:00 UTC

End Time: 2 APR, 2021 17:00 UTC

Soft Cap: 500,000 MOK

Hard Hat: 1,500,000 MOK

Supply in Circulating: 0 MOK

Private Sales: 1,500,000 MOK

Min. Investment: 0.01 BNB

Max. Investment: 100 BNB