MOK is a token launched by Mocktail that will act as a token that keeps the platform running. MOK is based on the ERC-1155 token standard, which is a standard token and a new type of decentralized application in Mocktail Finance. MOK is built on Binance’s smart chain, which is known to be faster, safer, and lower in fees. So, make your investment worthwhile by choosing the beneficial and best platform MocktailSwap Finance.
About Mocktail Token
Mocktail Token is the first semi-fungible token of MocktailSwap. Mocktail Finance is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault compounding, lending, and yield generation for maximum returns.
MocktailSwap is the decentralized swap solution on Binance Smart Chain. It has provided a platform to create a completely secured and fast decentralized token swapping system.
● Stable positioning of your assets with little to no impermanent loss
● Automated, maximally optimized yield
● Complete Decentralization
● A fully governance-based MOK token economy
Ticker: MOK
Chain: Binance Smart Chain (BEP-20)
Address: https://bscscan.com/address/0xCA69C118Fa550387794d48900a866891217E5C9F
Why MOK has no hard cap
There's currently no hard cap on the supply of MOK tokens, making it an inflationary token. Community members often point to this as a cause for concern, and while the devs certainly understand the wish for a hard cap, there's a big reason we don't expect to set one shortly. MOK's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
How MOK supply is reduced without a hard cap
The chefs aim to make deflation higher than emission by building deflationary mechanisms into MocktailSwap's products. The goal is for more MOK to leave circulation than the amount of MOK that's produced.
Reducing block emissions
By reducing the amount of MOK made per block, its slows inflation. But Mocktail doesn't want to do this too frequently, too early, for the same reason we don't want a hard cap: it still needs to incentivize people to provide liquidity.
Deflationary mechanisms
Regular token burns are built into many of MocktailSwap's products, with more on the way.
Understanding ERC 1155
Mocktail is the world's first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain. ERC-1155 is a digital token standard created by Enjin that can be used to create both fungible (currencies) and non-fungible (digital cards, pets, and in-game skins) assets on the Ethereum Network. By using the Ethereum network, ERC-1155 tokens are secure, tradable, and immune to hacking. ERC-1155 a new way of creating tokens that allow for more efficient trades and bundling of transactions – thus saving costs. This token standard allows for the creation of both utility tokens (such as $BNB or $BAT) and also Non-Fungible Tokens.
ERC-1155 includes optimizations that allow for more efficient and safer transactions. Transactions could be bundled together – thus reducing the cost of transferring tokens. ERC-1155 builds on previous work such as ERC-20 (utility tokens) and ERC-721 (rare one-time collectibles).
MocktailSwap Finance is all about gamification, so it wants to maximize the feedback loop of earning, staking, and earning again: BSC’s superior speed and much (much much) lower transaction fees let it do this. While BSC might not have the level of adoption Ethereum does at current, MocktailSwap Finance believes in Binance’s ability and drives to get it mighty close in the foreseeable future. It will give a good investment experience on Binance Smart Chain.
Hashtags : #MocktailFinance #MocktailSwap #MOK #blockchain #cryptocurrency #technology #bitcoin #money #crypto #Binance #BNB #cryptocurrencies #fintech.
Official links for more details,
Mocktail Token Website - https://mocktail.finance
MocktailSwap Website - https://mocktailswap.finance
Whitepaper - https://docs.mocktailswap.finance
Facebook : https://www.facebook.com/MocktailSwap
Twitter : https://twitter.com/MocktailSwap
Linkedin : https://www.linkedin.com/company/mocktailswap
Telegram : https://t.me/MocktailSwap
Reddit : https://www.reddit.com/user/MocktailSwap
Instagram: https://www.instagram.com/mocktailswap
Discord : https://discord.com/invite/cntAVTJbGy
Medium : https://medium.com/@MocktailSwap
Authorship
BitcoinTalk username : ameliyaketty
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2334838
Binance Smart Chain Wallet Address: 0x0aa75C53d8aF4B7b70B38D461d179941BFeBc2FF