HOW TO TRADE SEMI-FUNGIBLE TOKENS ON MOCKTAIL EXCHANGE

anurogu (30)in #mocktailswap • 3 years ago

Mocktail is a project that creates more opportunities for the cryptocurrency industry. Currently, many cryptocurrency enthusiasts and investors are hyping Non-Fungible Tokens (NFTs).

It is so because trends are what many people look for in the cryptocurrency market. The trend is usually where the money is. And because traders want to make money, they tend to follow and ride the trend to the end so they can get the most out of it.

However, what many cryptocurrency investors fail to realize is that no trend starts on a day. It usually takes some months or even years before the trend rolls out eventually.

In light of that, there is a new trend that is about to hit the cryptocurrency industry. It is the trend of Semi-Fungible Tokens (SFTs). Mocktail is the project that is pushing this trend.

I must mention that Semi-Fungible Tokens (SFTs) have been in use for some two years now. The coming months and years will see the proliferation of more Semi-Fungible Tokens (SFTs) issued based on the Ethereum ERC-1155 token standard.

Mocktail Token (MOK) is the first Semi-Fungible Token (SFT) to be issued via the Binance Smart Chain (BSC).

This new token model is not only revolutionary, but is backed by a team that is committed to the success of the Mocktail project.

HOW CAN I TRADE ON MOCKTAILSWAP

MocktailSwap is the trading platform of the broader Mocktail ecosystem. Here are the things you need to have in mind if you want to use this Semi-Fungible Token trading platform:

1- Stake and Earn

You can make money on the side as a cryptocurrency investor, without trading any crypto-asset.

This is possible because of the staking option offered by many cryptocurrency exchanges. MocktailSwap takes this further by allowing you to stake your Liquidity Pool (LP) token so you can earn passive income.

Currently, there are 3 trading pairs of the Mocktail Token (MOK) that you can stake. These are:

MOK-BUSD

MOK-CAKE

MOK-BNB

2- Decentralized Exchange

Have you always wanted to trade on a Decentralized Exchange (DEX)? It is now possible on Mocktail Decentralized Exchange (DEX) where you can trade on a wide range of crypto-assets.

For now, only BUSD, Binance Coin (BNB) and Mocktail Token (MOK) are supported.

Also, the Mocktail Exchange shows the real-time value/price of the crypto token you want to swap immediately you want to convert the same to the supported trading pair.

Besides, the value/price of the crypto tokens are calculated in the Binance Coin (BNB) corresponding value.

3- Swift Transaction

One other important feature of the Mocktail Exchange is the speed of facilitating transactions. This is because of the basis of the exchange on the Binance Smart Chain (BSC), which is popular for speedy transactions.

4- Low Fees

Above all, you can pay lesser than what you usually pay at PancakeSwap and other Automated Market Makers (AMMs), because Mocktail Exchange doesn’t charge an arm and a leg to process your trades.