MocktailSwap on Binance Smart Chain Network
The Binance Smart Chain is one of the most sought after blockchain protocols. Although, it doesn't yet have the kind of adoption which the Ethereum blockchain protocol has, it still has a streaming number of platforms rushing in. One of such DeFi platforms is the MocktailSwap which is a decentralized and safe platform for exchanging tokens. It allows users to gather profits through their multiple strategies used to gain yields on the platform. This exchange of tokens will be done with a low fee on the platform which makes it even better. Users are allowed to place their assets in a safe environment where little to no risk will come near it. Decentralization is at its peak in the platform as it is a DEX itself.
Features of MocktailSwap
Mocktail has a bright future and it shows it through the features and applications that are offered on its platform. Here are some features of the great project:
Trade: Users can easily trade their BEP20 tokens for another. The platform is an AMM so it would be easier for them to exchange between two tokens on the BSC.
Earn: Users get to earn the platform's token for any activity performed. Different activities that can be found on the platform includes staking, liquidity mining, farming and swapping.
Why BSC?
This question comes up because there are other blockchain protocols out there especially the Ethereum blockchain protocol which everybody is familiar with. But, has anyone talked about the problems encountered with these blockchain protocols? MocktailSwap aims to maximize the processes carried out on their platform because it would involve the users depositing and withdrawing, and the process goes on and on. The low fees and the fast transaction speed present on BSC made this particular blockchain protocol the best option for MocktailSwap.
Controlling MOK distribution on the platform
The platform's token does not have a hard cap, and this automatically makes it an inflationary token. The users have complained about this as they want a hard cap for the token, but the developers of the team have a reason for not having a hard cap.
MocktailSwap has come up with methods to limit the supply of MOK in order to bypass inflation.
Deflationary mechanisms: Token burns are placed at different points in the platform's applications, and more token burns will added on the journey.
Lowering block emissions: Once the amount of MOK made per block is reduced, it will result in the lowering of inflation. Although, this method will not be used frequently and too early for the same reason the platform doesn't want a hard cap.
The platform token, MOK is the governance token of the platform, and will be used to handle all the activities of the platform. It is an ERC-1155 token which is a rare token standard for any token on the BSC network. It is also the first dApp on the Mocktail Finance. There are so many tokens present on the platform such as the FLIP which is the MOK liquidity token for liquidity providers.
For more information on MocktailSwap :
Website - https://www.mocktail.finance/
Website - https://www.mocktailswap.finance/
Telegram group - https://t.me/MocktailSwap Whitepaper - https://docs.mocktailswap.finance/
Twitter - https://twitter.com/MocktailSwap
Facebook - https://www.facebook.com/MocktailSwap/
Publishers Informations :
Bitcointalk Username : Ubaraw
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835216
Bep-20 Wallet Address:0x50B5253269ce366EaaB8F35142c905827B6D672A