A New Ethereum Token Standard and Dapp on Mocktail Platform

 MocktailSwap



ERC-20 is a token that has had a significant development on the Ethereum blockchain. Many platforms issue their tokens based on the Ethereum ERC-20. This is because Ethereum is the largest and most well-established, open-ended decentralized software platform. So that many platforms are adopting the Ethereum blockchain. Along with the development of Ethereum, several types of tokens began to appear such as ERC-1155. ERC-1155 is "The Final Token Standard on Ethereum" which allows a single smart contract to govern an infinite number of tokens.

And Mocktail is the world's first ERC-1155 standard Semi-Fungible Token built on the Binance Smart Chain. But it's not just an ERC-1155 token, Mocktail is also an AMM protocol and swap platform that allows users to access various decentralized financial services, enabling them to maximize their profit on the cryptocurrency market.

ERC-1155 and Dapp on Mocktail

Imagine when you have a vending machine that can issue various products. This vending machine can be seen as ERC-1155, which will act as a standard interface for contracts that manage multiple token types. If with Erc-20 we need a new smart contract to deploy each new class of a token, then with ERC-1155, a single smart contract can manage multiple tokens at once, whether it's fungible tokens, non-fungible tokens, or others. So that ERC-1155 is claimed to be more flexible than protocols such as ERC-20 or ERC-721.

Mocktail comes as a platform that adopts the ERC-1155 standard Semi-Fungible Token. By adopting ERC-1155, the Mocktail token will be a catalyst that will support Mocktail Swap. The Token Mocktail was developed on the Binance Smart Chain, which is known as the newest Ethereum-based blockchain protocol which has the speed, security, low fees, and great ecosystem compared to the traditional Ethereum platform.

Mocktail not only features the ERC-1155 token but also acts as an AMM protocol allowing people to access multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage. This allows the user to get the maximum return.

The mocktail will also be a decentralized swap solution built on the BSC platform. Allows users to access a secure and fast swap platform.

Mocktail Features

Mocktail is a platform that allows users to access various decentralized finance features built into the binance smart chain. With Mocktail Finance, users can maximize their profit with a multi-yield strategy optimizing the BSC. Or swap tokens on the Mocktail Swap platform with low fees. This is a new ethereum token standard and Dapp built on the Binance Smart Chain.

Following are Mocktail features:

  • ERC-1155 token standard: Mocktail Token based on ERC-1155 standard Semi-Fungible Token built on Binance Smart Chain. And it is the first ERC-1155 token built on the Binance Smart Chain.
  • Swapping: Mocktail allows users to swap their tokens for other tokens with low fees.
  • Farming: Users can earn crypto by lending their tokens to others via smart contracts.
  • Liquidity: Users can participate by becoming a liquidator and get rewards according to their participation.
  • Staking: Allows users to stake their tokens and earn rewards according to their participation.

MOK Token

MOK is a token launched by Mocktail and will act as a token that supports the operation of the platform. MOK is based on the ERC-1155 token standard which is a standard token and a new type of dapp on Mocktail Finance. MOK is built on the Binance Smart Chain which is known to be faster, safer, and lower fees. This is a semi-fungible token meaning that multiple addresses can own this token and one address can own multiple copies of each token.

Tokenomics

Initial Token Distribution :

  • 5% Team
  • 7.5% Bounty & Marketing Caimpaign
  • 12.5% Ecosystem
  • 75% Private Sale

Mining Token Distribution :

  • 25% Staking
  • 37.5% Burning
  • 37.5% Farming

Additionally, each token is semi-fungible. Unlike ERC-721 non-fungible tokens (NFTs), which can only be owned by one address each.

Semi-fungible means:

- Each token type can be owned by multiple addresses

- One address can own multiple copies of each token.

Emission rate:

  • Emission/block (MOK) - Emission/day (MOK)
  • Emission 1 30,000
  • Burned -0.375 -11,250
  • Effective Emission 0.625 18,750

Distribution:

Distributed to-Reward/block(% of emission)-Reward/block (total MOK)-Reward/day

  • Farmers - 60% - 0.375 - 11,250
  • Stakers - 40% - 0.25 - 7,500

Other Deflationary Mechanics:

At present,

  • 9.09% of MOK harvested from farms is sent to the dev address, then burned
  • 20% of MOK spent on lottery tickets is burned
  • 100% of MOK raised in IFOs is burned

Farms

Initial Liquidity Pools (LPs) for farming MOK tokens:

Reward multipliers:

  • MOK/BNB LP
  • MOK/BUSD LP
  • BNB/BUSD LP
  • BNB/MOK LP

Staking Pools

  1. Stake MOK to earn new tokens.
  2. You can unstake at any time.
  3. Rewards are calculated per block.

Staking Pairs:

  • MOK Pool
  • BNB Pool
  • BUSD Pool
  • WBNB Pool

Roadmap

Development timeline of the concept.

February 2021 - Announced Mocktail Finance

February 2021 - Research & Development

March 2021 - Alpha & Beta Launch

April 2021 - Token Launch (Private Sale)

April 2021 - Aggressive Marketing Campaign

April 2021 - Mocktail Swap & Liquidity Pool

April 2021 - Farming & Staking

April 2021 - IFO Launchpad

April 2021 - Listing On Exchanges

May 2021 - DEX Launch

June 2021 - NFT Supermarket

June 2021 - NFT-based Gamification

July 2021 - Android Wallet Launch

August 2021 - iOS Wallet Launch

September 2021 - Web Extension Launch

October 2021 - UI/UX Update

November 2021 - Upgrade to Ethereum V2.0

December 2021 - New Development Strategy Implementation

Conclusion

ERC-1155 is a new Ethereum token standard built-in 2018 which is intended to be a standard interface for contracts that manage multiple token types. ERC-1155 allows one smart contract to govern an infinite number of tokens. And Mocktail comes as a platform that takes the ERC-1155 and builds on the Binance Smart Chain. This makes Mocktail the first platform to develop the ERC-1155 on BSC. Mocktail is not just an ERC-1155 token but also a Dapp built on the Binance Smart Chain. Enables users to be able to access various decentralized financial services more safely, quickly, and with low fees.

Connect with Mocktail


AUTHOR

Forum Username: jamaah45

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2502762

Telegram Username: @jamaah

ETH Wallet Address: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B


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