MOK : Helping defi users to maximise wealth thtough lending, staking and yield farming

dadagold (32)in #cryptocurrency • 3 years ago

Introducing MocktailSwap

MocktailSwap Finance is an unprecedented AMM Defi that is structured on the Binance Smart Chain.

It projects platforms that will enable its users to create and maximize their wealth through lending, staking and yield farming.

The transactions on MocktailSwap are easy, secured and with low fee charges. This is achieved by BSC speedy and low transaction fees.

Features of MocktailSwap Finance

Exchange

MocktailSwap platform enhances trading/exchange of BEP-20 tokens through automated liquidity pools. A transaction fee of 2% is charged on each token exchanged. This fee is utilized as follows:

0.17% is set aside for settling liquidity providers.
0.03% is delivered to the Development Treasury for future development.

Staking

This involves the depositing of MOK tokens in one of the Liquidity pools on the platform. The deposited tokens earn some rewards as profit.

There are minute risks associated with the staking of tokens in the Liquidity pool, but it doesn't lead to final loss of the tokens. Nevertheless, it is better to stake the tokens rather than keeping them in the wallet.

The staking pools include MOK, BUSD, BNB and WBNB.

Farming

Users who want to take part in the farming pool will initially deposit MOK and BNB tokens in the Liquidity pool.

After the deposit, DRINKS (MOK-BNB FLIP) tokens are given in exchange of the tokens deposited.

The DRINKS tokens are then deposited to the MOK farming pool to yield interest.

Initial farming pools are MOK/BNB, MOK/BUSD and BNB/BUSD.

Controlling MOK Supply

The company does not have a set limit for the quantity of MOK tokens to be supplied to the platform. This will expose it to inflation effects and has posed a serious concern issue to the users about their funds.

The management has a serious reason for not setting a certain amount of MOK tokens to supply, rather they have set means of monitoring and reducing the amount of MOK tokens in circulation in order to cushion inflationary effects. The means are:

Deflationary Mechanism

This is a way of reducing the amount of MOK tokens in circulation by buying back the tokens and introducing various MocktailSwaps' products into the platform.

Reducing Block Emissions

This is a process of reducing the quantity of per block MOK produced. The first trial of this process reduced the produced MOK from 1 to 0.625. This measure will not be done often, rather users are advised to provide liquidity to the platform.

General FAQ

What is staking?

Staking is an act of depositing MOK tokens in the pool. DRINK tokens are given immediately in exchange of deposed MOK tokens. The DRINK tokens receive returns in the pool.

What happens if DRINK tokens are sold?

DRINK tokens are needed to unstake MOK tokens. So I can't be sold or exchanged.

How is MOK staked?

MOK can be staked by clicking the "+* sign on the "Staking" page, after approval, then choose the amount to be staked and confirm.

What differentiates Staking from Farming?

In Farming, a user has to provide liquidity in one of the farming pools before staking LP tokens. While,

In Staking, only the MOK tokens are needed.

Useful Links:

https://www.mocktail.finance/

https://t.me/MocktailSwap/

https://docs.mocktailswap.finance

https://twitter.com/MocktailSwap