MocktailSwap: An decentralized swap solution on(BSC), Which provide a platform to create completely secured and fast decentralized token swaping system.

in #mocktailfinance3 years ago (edited)

DeFi which is otherwise known as Decentralized Finance has been a big blessing to the blockchain industry and the world at large. As we know cryptocurrency serves as a decentralized store of value that is secured, DeFi creates a decentralized financial instrument free from traditional centralized institutions. The DeFi world has seen rapid growth in 2020, back in 2019 the worth of the DeFi industry was $275M. But by Feb 2020 it value grew significantly totalling $2.5B in early July, $3B by mid-July, and $4B on the 25 of July. This growth rate indicates the rise in interest of the masses in DeFi.

Just like the ICO boom of 2017–2018, they have been a rise in scam project within the DeFi space. This scam project has taken advantage of the rise in popularity of the DeFi industry. The people most affected are, newcomers, into the DeFi space who haven’t or cannot properly research these projects. As a writer in the blockchain industry, I have decided to create this post to help newcomers in identifying legit and genuine projects. They are a lot of them out there. Today I would be talking about one of the best I have come across. I must say this project is one of the DeFi project survivors of 2021.

Seeing the DeFi pattern, Mocktailswap is available as a DeFi stage that permits clients to have the option to get to different DeFi highlights, for example, marking, yield cultivating, and so on more effectively and securely. With the presence of Mocktailswap, it is trusted that crypto clients will think that its simpler to expand their benefits in the digital currency market

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What is Mocktailswap?

Mocktailswap is an Automated Market Maker, Yield Farming, and Staking stage on the Binance Smart Chain. With low fees/slippage that also provides aggregation through vault compounding, lending and yield generation for maximum returns.

Mocktailswap is created by a group of experts who are knowledgeable about the digital money market and are focused on conveying DeFi administrations that permit all clients to utilize, whether or not they are proficient or novice, the easy to use interface of Mocktailswap. , clients can utilize the stage all the more effectively and rapidly.

Mocktailswap features

At Mocktailswap, everybody can boost their advantages with the different highlights gave, for example, marking, yield cultivating, or others. No restrictions are given to clients, everybody can take an interest in wagers, pools and acquire $ MOK all at Mocktailswap. Following are the Mocktailswap highlights:

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Farms: Mocktailswap permits clients to expand the profit from their speculation with MOK token ranches. Clients will get an award as MOK tokens which will be circulated decently to all members.
Bundles: If clients need more returns, they can take an interest in pools given by Mocktailswap and procure more MOK tokens.

Staking : Mocktailswap provides staking application for userrs to staKE their inactive assets and hold them in staking protocol"s address for a certain time period as per the norms of the staking application and earn interests income.

Exchange : Mocktailswap gives a trade stage which permits clients to trade their tokens. When you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is broken down as follows:

  • 0.17% - Returned to liquidity pools in the form of a fee reward for liquidity providers.
  • 0.03% - Sent to the MocktailSwap Development Treasury.
    MocktaiSwap is a Decentralized Exchange (DEX ) that has much liquidity on it's platform as it offers lots of staking and yield farming protocols so the transactions are executed with high speed and since Mocktailswap runs on Binance smartchain so transaction fees is very low and it is more transparent. Further has it's own ann so it provides more authentic price of assets to trade on it's platform.

How Mocktailswap trying to protecting the price?

Everyone already know how to protect the price from AMM Decentralized Exchange will be always :
• Add pools of their own token
• Yield farming reward
• Governance
But as you know, Mocktailswap have one more plant which is Burn Map Program you can see on the image below.
The burn program will be active every time each line has been reached, and the team will make activated a burn program.

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MOK Token

Mocktail Token is the first semi-fungible token on Binance Smart Chain. It’s a new Ethereum token standard 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.

Token Details

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Conclusion

Decentralized account has become a hotly debated issue talked about by numerous worldwide crypto clients on the grounds that the presence of the DeFi convention has introduced numerous highlights that make it simple for crypto clients to have the option to boost the profit from their speculation. What's more, Mocktailswap is a stage which gives different DeFi highlights to all worldwide crypto clients. Mocktailswap is a fork of PancakeSwap and based on the solid Binance Smart Chain. With the presence of Mocktailswap, it will make it simpler for worldwide crypto clients to have the option to get to different DeFi includes securely, serenely, reasonably, and productively.

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Bitcointalk username: rohan84370
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2842311
BSC Address: 0x17228b6dc22809851764c5d68eA5496183A276f4

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Really a well planned good project. It is going to be a great success.

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