MocktailSwap – The World’s First Semi-Fungible Token on BSC (SFT)
Before I discuss further about the following project, maybe I better explain to you first about Non-fungible token (NFT). NFT is a type of cryptographic token on the blockchain that represents a unique asset. These can be completely digital assets or tokenized versions of real-world assets. Because NFTs are not interchangeable, this trait can serve as proof of authenticity and ownership in the digital realm. NFTs are so popular in the gaming industry that they can be used as digital assets, ideal for their role in fighting identity theft, inviting more traditional collectors to become part of the digital asset world, which is an example of what NFTs can do in the real world. In addition, NFTs also have the advantage of being transferable, but still able to maintain their authenticity (it is impossible to make copies), as well as the ability to be able to make definite records of the ownership rights of the NFT owners themselves. And in essence a Non-Fungible Token (NFT) is a special type of crypto token that is supported by an asset. They are not interchangeable with each other and cannot be shared. It can be used in games and crypto collections.That's a short story about NFT tokens. And in this good opportunity, I will also tell you about the crypto project which is Standard Semi-Fungible Token (SFT),The world's first ERC 1155 on the Binance Smart Chain.
Mocktailwap
Mocktail Token is MocktailSwap's first semi-fungible token . Mocktail Finance is an AMM protocol that combines multi-strategy yield optimization on the low cost / slip Binance Smart Chain (BSC) that also provides aggregation via vault compounding, borrowing, and yield gain for maximum returns.
MocktailSwap is a decentralized exchange solution on the Binance Smart Chain. We provide a platform to create a fully secure and fast decentralized token exchange system.
The stable placement of your assets with little or no loss is not permanent
Automatic results and optimally optimized
Complete decentralization
Fully governance-based MOK token economy
What's so special about ERC1155?
According to Blockchain experts, Non-Fungible Tokens could revolutionize the future of blockchain. Do you really understand this concept and how do you go about using it? Let's start talking about the basics and go over what makes NFT special and with a promising future.
Token Fungible dan Token Non Fungible
Comparability is important in the world of blockchain and cryptocurrency. This is desirable for any currency, traditional or digital, as most currencies aim to be interchangeable assets. Tokens can be exchanged for other tokens of the same value. For example, One US dollar currency can be changed to another US dollar currency without any difference for the user.
On the Ethereum network, there are popular patterns that have been determined by the community itself. Each standard is known as ERC which stands for Ethereum Request for Comments. It defines methods, technology, behavior for specific functions on Ethereum and is submitted for peer review.
ERC-1155
ERC-1155 is the standard for contracts that manage a combination of commensurate tokens and non-exchangeable tokens.
As a result, the pattern avoids a lot of repetitive code circulating across multiple contracts in the Ethereum ecosystem and saves significant storage space and gas costs.
Strong Sides of MocktailSwap project?
Mocktail Token is the first semi-fungible token from MocktailSwap. Mocktail Finance is an AMM protocol that combines multi-strategy yield optimization on the low cost / slip Binance Smart Chain (BSC) that also provides aggregation via vault compounding, borrowing, and yield gain for maximum returns.
MocktailSwap is a decentralized exchange solution on the Binance Smart Chain. We provide a platform to create a fully secure and fast decentralized token exchange system.
The stable placement of your assets with little or no loss is not permanent
Automatic results and optimally optimized
Complete Decentralization
The MOK token economy is fully governance-based
Wonderful Features of Mocktailswap
Mocktail is a platform that allows users to access a variety of decentralized financial features built into the binance smart chain. With Mocktail Finance, users can maximize their profits with a multi-yield strategy that optimizes the BSC. Or exchange tokens on the Mocktail Swap platform for a low fee. It is a new ethereum token standard and Dapp is built on top of the Binance Smart Chain.
Here are the Mocktail features:
1. Standard token ERC-1155:
Token Mocktail is based on the ERC-1155 standard Semi-Fungible Token which is built on top of the Binance Smart Chain. And it is the first ERC-1155 token built on top of the Binance Smart Chain.
2. Switch:
Mocktail allows users to exchange their tokens for other tokens for a low fee.
3. Farming:
Users can earn crypto by lending their tokens to others via smart contracts.
4. Liquidity:
Users can participate by becoming a liquidator and get rewards according to their participation.
5. Bet:
Allows users to stake their tokens and get rewards according to 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 a semi-fungible token by 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.
Semi-fungible means:
Each type of token can have multiple addresses
One address can have multiple copies of each token.
Ranch
Initial Liquidity Pool (LP) for farming MOK tokens:
Prize multiplier:
MUG / BNB LP
MUG / BUSD LP
BNB / BUSD LP
BNB / MOK LP
Conclusion
ERC-1155 is a new Ethereum token standard built-in 2018 which is intended to be a standard interface for contracts that manage multiple token types. ERC-1155 allows one smart contract to govern an infinite number of tokens. And Mocktail comes as a platform that takes the ERC-1155 and builds on the Binance Smart Chain. This makes Mocktail the first platform to develop the ERC-1155 on BSC. Mocktail is not just an ERC-1155 token but also a Dapp built on the Binance Smart Chain. Enables users to be able to access various decentralized financial services more safely, quickly, and with low fees.
For more information about this project you can see it below:
Website: https://www.mocktail.finance/ https://www.mocktailswap.finance/
Whitepaper: https://docs.mocktailswap.finance/
TG group: https://t.me/MocktailSwap
Facebook: https://www.facebook.com/MocktailSwap
Twitter: https://twitter.com/MocktailSwap
Discord Official: https://discord.gg/cntAVTJbGy
Linkedin: https://www.linkedin.com/company/mocktailswap/
Youtube: https://www.youtube.com/channel/UC4WP5RPMmThoJgHoAIBak0Q
Author details :
Bitcointalk username : TP-LINK
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2773944
BSC Wallet Address: 0xc6b0d9a36c89994f4d5a87e9bf1fd0f56ccdc9de