MocktailSwap - A Decentralized Swap Platform on BSC

peterhughe (26)in #mocktail • 4 years ago

A new generation of DEX is emerging - aiming to offer many DeFi services to those looking to join in. As a result, they can offer more liquidity, more coins, and other benefits which, when combined with elements of decentralization, eventually attract new customers and emerge as real competitors on the decentralized exchange. A great example of this is MocktailSwap. Mocktail is a platform that allows users to access various decentralized financial functions built into the Smart Binance chain. Mocktail Finance enables consumers to maximize their profits with a multi-return strategy that optimizes the BSC. Or exchange tokens on the mocktail swap platform for a low fee. This is the new standard for Ethereum and Dapp tokens based on the Binance Smart Chain.

Here are the characteristics of the mocktail:

1. ERC-1155 token standard:

The mocktail token is based on the ERC-1155 standard semi-funded token, which is based on the Binance Smart Chain. And this is the first ERC-1155 token based on the Binance Smart Chain.

2. Exchange:

Mocktail allows users to swap their icons for other low-cost icons.

3. Yield Farming:

Users can earn crypto by borrowing their tokens from others via smart contracts.

4. Liquidity:

Consumers can participate by becoming liquidators and receiving rewards based on their participation.

5. Stake:

Allows users to set up their tokens and win prizes based on their participation.

Decentralized Exchange

Decentralized Exchange (DEX) is a kind of cryptocurrency exchange that allows direct and peer-to-peer cryptocurrency transactions to be bought out securely online without intermediaries.

For transactions via a decentralized exchange, the third-party vendors that normally control the security and transfer of assets (e.g. banks, stockbrokers, online payment gateways, government agencies, etc.) are replaced by blockchain or distributed books. Some common working methods include using smart contracts or retransmitting the order book, although many other variations are possible and have varying degrees of decentralization.

Because consumers don't have to transfer their assets to the stock exchange, decentralized exchanges reduce the risk of theft from stock exchange hacks. Decentralized exchanges can also prevent price manipulation or counterfeit trades through money laundering and are more anonymous than exchanges that impose your customer (KYC) requirements.

There is some evidence that decentralized exchanges suffer from low trading volumes and market liquidity.Project 0x, a protocol for building decentralized exchanges with exchangeable liquidity, tried to solve this problem.Decentralized exchanges can also have a centralized component, with control over exchanges still in the hands of a central authority. A notable example is IDEX, which prevents New York users from placing orders on the platform.

In July 2018, the decentralized Bancor exchange was hacked and suffered a $ 13.5 million asset loss before funds were frozen. Speaking on Twitter, Charlie Lee, founder of Litecoin, said an exchange could not be decentralized if it could lose or freeze customer funds. Decentralized exchange operators can have legal consequences for state regulatory authorities. One example is the founder of EtherDelta, who in November 2018 charged the US Securities and Exchange Commission a fee for managing an unlisted exchange.

Do you need to use Metamask to participate in direct sales? Can you use a different wallet?

You can use any wallet that can send your BNB / BUSD to a different BSC address. Any wallet is good. The only thing to avoid is sending from your wallet to exchange (you don't send from your wallet to Binance).

MocktailSwap is a decentralized swap platform that runs on the Binance Smart Chain. Join a decentralized exchange network and exchange your tokens at MocktailSwap.

Visit to know more

Mocktail Token Website - https://mocktail.finance
MocktailSwap Website - https://mocktailswap.finance
Whitepaper - https://docs.mocktailswap.finance
Facebook : https://www.facebook.com/MocktailSwap
Twitter : https://twitter.com/MocktailSwap
Linkedin : https://www.linkedin.com/company/mocktailswap
Telegram : https://t.me/MocktailSwap
Reddit : https://www.reddit.com/user/MocktailSwap
Instagram: https://www.instagram.com/mocktailswap
Discord : https://discord.com/invite/cntAVTJbGy
Medium : https://medium.com/@MocktailSwap

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