MocktailSwap – World’s First Semi-Fungible Token on BSC
About Mocktails
Mocktail is a platform that accepts semi-fungible ERC-1155 tokens. By adopting ERC-1155, Mocktail token will be the catalyst that will support Mocktail Swap. The Mocktail Token is developed on top of the Binance Smart Chain, which is known as the newest Ethereum-based blockchain protocol, which has speed, security, low cost, and a great ecosystem compared to the traditional Ethereum platform.
Imagine that you have a vending machine that can put out a variety of products. This vending machine can be thought of as an ERC-1155, which will act as a standard interface for contracts managing different types of tokens. If with Erc-20 we need a new smart contract to deploy each new token class, then with ERC-1155 one smart contract can manage multiple tokens at the same time, be it an equivalent token, a non-exchangeable token or something else. Thus, ERC-1155 is considered more flexible than protocols such as ERC-20 or ERC-721.
Mocktail not only includes the ERC-1155 token, but also acts as an AMM protocol allowing people to access profitability optimization using various strategies on the Binance Smart Chain (BSC) at low cost / slip. This allows the user to get the most out of it.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.Fungible Tokens and Non Fungible TokensComparability 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.
WHY BINANCE SMART CHAIN?
In very simple terms, why would we want to drive a slower car that costs more? We’re all about gamification, so we wanted to maximize the feedback loop to earn, stake, and earn again: BSC’s superior speed and considerably lower transaction fees allow us to do this.
While the BSC may not have the level of adoption that Ethereum has at the moment, we believe in Binance’s capabilities and the drive to close it very well in the future.ERC-1155ERC-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.Here are the Mocktail features:1. ERC-1155 token standard:
Token Mocktail is based on the ERC-1155 standard Semi-Fungible Token which is built on top of the Binance Smart Chain. And this is the first ERC-1155 token built on top of the Binance Smart Chain.
2. Exchanging:
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. Attacks:
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 the first semi-fungible token on the 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.
Starting Block: # 6194146Starting Time: 1 APR, 2021 17:00 UTCEnd Time: 2 APR, 2021 17:00 UTCSoft Cap: 500,000 MOKHard Hat: 1,500,000 MUGCirculating Supply: 1,500,000 MOKPrivate Sales: 1,500,000 MOKMin. Investment: 0.01 BNBMax. Investment: 50 BNBExchange Rate: 1 MOK = 0.004 BNBAddition: 65 BNBBUSD raises: $ 2260Total Holders: 40We Accept: BNB, BUSD
COUNCLUSIONERC-1155 is another Ethereum token standard attached in 2018 which is proposed as a standard interface to get that deal with various symbolic types. ERC-1155 allows one smart agreement to oversee an unlimited number of tokens. What’s more, Mocktail comes as a Platform that takes the ERC-1155 and develops the Binance Smart Chain. This makes Mocktail the primary Platform for building the ERC-1155 at BSC. Mocktail is not only an ERC-1155 token but also a Dapp based on the Binance Smart Chain. Empower clients to have the option to access various decentralized monetary administrations more safely, quickly, and at low cost.
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