Mocktail - world’s first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain
Mocktail Token is the first semi-fungible token of MocktailSwap. Mocktail Finance is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault compounding, lending, and yield generation for maximum returns. It will flourish you with all the updated features of the Binance smart chain as long as you can see.
Introducing Binance Smart Chain
Binance Smart Chain (BSC) is a blockchain network for running brilliant agreement-based applications. BSC runs in corresponding with Binance's local Binance Chain (BC), which permits clients to outwit the two universes: the high exchange limit of BC and the keen agreement usefulness of BSC. Besides, Binance Smart Chain likewise executes the Ethereum Virtual Machine (EVM), which permits it to run Ethereum-based applications. The point of the stage is to empower designers to assemble decentralized applications (DApps) and assist clients with dealing with their advanced resources cross-chain with low inertness and huge limit.
How does the MOK token work?
It’s a new Ethereum token standard on Binance Smart Chain and a new type of dapp on Mocktail Finance! The ERC-1155 token standard provides a way to make one smart contract govern almost an unlimited number of tokens — technically, 2²⁵⁶ token types with up to 2²⁵⁶ copies of each. Additionally, each token is semi-fungible. Unlike ERC-721 non-fungible tokens (NFTs), which can only be owned by one address each.
Semi-fungible means:
- Each token type can be owned by multiple addresses
- One address can own multiple copies of each token.
Fungible Tokens and Semi-fungible Tokens
Semi-fungible is a new type of token that could seat a concert. Fungibility is important in the world of blockchain and cryptocurrency. It is desired for any currency, traditional or digital since most currencies aim to be interchangeable assets. A token can be exchanged for any other token of the same value. For example, One US dollar currency can be changed for another US dollar currency without any difference to the user.
In the Ethereum network, there are popular patterns that have been specified by the community itself. Each standard is known as ERC which stands for Ethereum Request for Comments. It defines methods, technology, behaviors for a particular functionality in Ethereum and it is submitted either for peer review.
Initial Token Distribution:
5% Team
7.5% Bounty & Marketing Campaign
12.5% Ecosystem
75% Private Sale
distribution3
Mining Token Distribution:
25% Staking
37.5% Burning
37.5% Farming
What is staking?
When you stake your MOK, you auto-magically receive DRINK that will be used as proof-of-stake. With the DRINK received you can stake for rewards in the staking pool. If you sell your DRINK, you won't be able to unstake your MOK as you need the same amount of DRINK to do so. You can stake your MOK on the "Staking" page by clicking on the little "+" sign after approving the contract, choose the amount you want to stake, and confirm. To stake your MOK you don't need anything else than well MOK.
MocktailSwap is the pioneer semi-fungible platform on Binance Smart Chain with AMM features that will provide maximized investment returns to its investors through financial services like lending and borrowing, vault compounding, yield farming, and staking. The platform is built on Binance Smart Chain because of its speed and lower fee charge on transactions. This will help in realizing the motive of the project, which centers on maximizing the returns on the user’s investment.
Learn more about the project:
Website: https://www.mocktail.finance/
Twitter: https://twitter.com/MocktailSwap
Facebook: https://www.facebook.com/MocktailSwap
Reddit: https://www.reddit.com/r/MocktailSwap/
Whitepaper: https://docs.mocktailswap.finance/
Telegram Group - https://t.me/MocktailSwap
Youtube: https://www.youtube.com/MocktailSwap
Authorship
Bitcointalk Username: Crypto rev Thing
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2371318