The first SFT on BSC

ubaraw (31)in #mok • 3 years ago

INTRODUCTION6

Mocktailswap Finance is an AMM exchange which makes use of numerous strategies to provide maximum yield to its users. They have so many services and features to offer their users. The good news about this project is that their token(MOK) is an ERC1155 token created on the BSC. This kind of token standard can act like other token standards both individually and simultaneously under the similar address. The MOK token will be the original SFT to ever be built on BSC. The token will be a fungible kind of token that is redeemable after it changes into non-fungible.

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Features of Mocktailswap
The platform was built in February 2021, and acts as a distributed exchange project where members can exchange their tokens with reduced fees, and stability of their assets where they are met with low risks or none.
Its liquidity is so commendable, because it allows the easy trade between assets, and at an affordable rate. The platform's pools permits the members to give liquidity by staking MOK or other accepted tokens, and in return, they earn DRINKS which they can redeem.
The platform permits members who add liquidity to swap their tokens at a low fee. Farming option is available where members gain more cryptocurrencies other than their original amount of crypto. Here, users lend out funds to users who need them through smart contracts, and they are rewarded for their actions. Users can stake their tokens in order to authenticate blocks and receive profits. Depending on the amount of tokens staked does any user receive the ability to authenticate a block. There are methods used to avoid stakers with large funds from completely taking over the staking feature. Tokens which has been formerly staked can be taken out unexpectedly. There are currently four staking pools on the platform.
Why did the platform make use of the BSC
There are many blockchain protocols other than BSC, but users want to know why the platform has specifically chosen BSC. There are valid reasons to this. MocktailSwap Finance is occupied with its many activities from deposits to withdrawals, so this automatically means there would be a lot of activities for the BSC. The fees used in these activities and the speed should not be compromised, and the BSC takes good care of that aspect of providing a solution.
Although the Ethereum blockchain is a reputable blockchain, it cannot be compared to the BSC and its potentials.
About Mocktailswap
Mocktailswap is an all-in-one platform which not only aggregates yield, but acts as an AMM on the BSC while offering its users low slippage.
Mocktailswap chose the BSC because of its unmatchable speed and low transaction fees.
The platform token doesn't have a hard cap, and the users have shown concern for this, Although the team has ensured the community who has seen it as a reason to doubt the platform's authenticity. The reason behind it is for the community to be able to encourage liquidity in the exchange. When block rewards is absent, there wouldn't be any motive to provide liquidity.

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