Mocktail Swap — REVIEW
MocktailSwap is Binance Smart Chain’s decentralized swap solution. We offer a framework for developing a truly safe and quick decentralized token swapping system.
Stable asset positioning with little to no temporary loss Automated, maximum-yielding yield Decentralization in its entirety MOK token economy with complete governance MocktailSwap Advantages
Token specification ERC-1155:
Mocktail Token created on Binance Smart Chain based on the ERC-1155 standard Semi-Fungible Token. It is also the first ERC-1155 token to be created on the Binance Smart Chain.
Mocktail enables users to exchange their tokens for other tokens for a nominal charge.
Smart contracts allow users to earn cryptocurrency by lending their tokens to others.
Users may engage by becoming liquidators and earning incentives based on their activity.
Users can stake their tokens and earn incentives based on their involvement.
What is the purpose of Binance Smart Chain?
In a nutshell, why would we want to drive a slower automobile that costs more to operate? We believe in gamification, hence we want to optimize the feedback loop of earning, staking, and earning again: BSC’s better speed and significantly (much) reduced transaction costs allow us to do so.
Token swaps on MocktailSwap are an easy method to trade one BEP-20 token for another using automated liquidity pools.
Liquidity Providers (“LPs”) place their tokens in “Pools” to offer liquidity to the exchange. In exchange, customers receive FLIP (MocktailSwap Liquidity Provider) tokens, which may also be staked in the “farm” to earn MOK tokens.
When you conduct a token swap (trade) on the exchange, you will be charged a 0.2 percent trading fee, which is calculated as follows:
- 0.17 percent — Returned to liquidity pools as a fee incentive for liquidity providers.
- 0.03 percent — deposited in the MocktailSwap Development Treasury.
- Tokenomics’ first token distribution.
Mocktail Swap as ERC Compatibility
The new standard is a strong tool that connects widely recognized fungible tokens (list of ERC-20 tokens) to non-fungible tokens that are gaining popularity (list of NFT tokens).
Furthermore, the ERC-1155 interface offers techniques to improve transaction efficiency. To combine numerous tokens and enable atomic swaps, the interface specifies the function “safeBatchTransferFrom.” In other words, the interface enables several complicated operations to be carried out in a single transaction. This process is fairly basic and does not need any complicated implementation.
Another element of the standard is backwards compatibility. It is ERC-721 and ERC-20 compliant, and it may be inherited without trouble. ERC-1155 allows smart contracts to refer to the storage of other contracts as needed. As a result, it prevents code duplication and storage usage caused by random smart contracts. As a result, the Ethereum ecosystem’s efficiency increases.
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