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Mocktailswap it's a big mix of a lot of fun things with many key features, many yet to come. I have been around from the start of the project and bought MOK during their pre-sale. I met Mocktailswap my first time when I was just chilling and reading on reddit and the thing that I just noticed Mocktailswap was that it stood out from others is was a semi-fungible token. I got cough on the project and I just had to buy MOK. I like new things and this token was it first of it's kind an ERC-1155. This was appealing for me. I will explain further down what a ERC-1155 token is
Mocktailswap - yield farming and staking.
Mocktailswap is a decentralized AMM exchange their you can swap your tokens against MOK and the other way around. The only tokens accepted to swap against each other in the moment are BNB/BUSB and MOK and you can also provide liquidity in exchange for fees that are rewarded in their token MOK. In the moment it's available six liquidity paris that you can provide with.
You can also stake on Mocktailswap their is currently three staking options, all rewarded by $MOK. Both farming and staking have good APR. Mocktail was recently listed on CoinGecko this is a huge step in the right direction for further development om Mocktailswap. You can buy Mocktail on eToro and CRYPTO.COM and you can also swap BNB for MOK on Bakeryswap and also get it on Pancakeswap against WBNB. Mocktailswap has a hard working team behind the brand. Setbacks that have accrued but the team always solves the problem in a good way against investors and have a great support on Telegram that always are happy to answer your questions.
The first ERC-1155 standard semi-fungible token on BSC
I know it sounds really complicated for those new to Defi and cryptocurrencies in general and I will try to explain it as easy as possible. A semi-fungible token can just be a non-fungible token or just a fungible token or just by the name semi-fungible token and ERC-1155 is a standard for all three kinds. I will explain.
Fungible token
So a fungible token is a token with a value attached to it like all ordinary crypos, BTC is a fungible token exactly the same way one ordinary Mocktail (MOK) in your wallet is (Mocktailswaps token). They have the same value, one MOK in my wallet has the same value as a MOK in your wallet.
Non-Fungible token (NFT:s)
NFT is a token that can be a game card, digital art etc. It means it's unique, can't be replaced. If you trade away a NFT you have against another NFT, you get a different product back. If the take a real world example. You go with your dollars to an exchange to get pounds when the exchange is done you leave with pounds that reflects the value of the dollars you swiched in. You go away with the same value just in another currency but you exchange back to dollars again (dollars isn't really unique) there we have a fungible value. But if you own Mona Lisa and want to sell Mona lisa, you will get cash for it, not another Mona Lisa back, because Mona lisa is unique. So mona lisa is the non-fungible token here.
Semi-fungible tokens (SFT:s)
SFT:s is something that are both fungible and non-fungible. If your school went to McDonald to eat and all gets a coupon. All coupons had the school bought for the same price 4 dollar per coupon. Then the coupon is fungible it has the same value but with the coupons you can choose a different hamburger, pommes or orion rings, cola or fanta. That's the non-fungible part of it.
They are also secured by Certik.
Upcoming features
- As told their will be a NFT marketplace their you can trade, mint and much more.
- NFT-based games their you can earn NFT:s, mint with MOK.
- Community pools, supported with 0.1-0.2x MOK farms
- Margin trading
- Lending and borrowing with BSC and LP tokens, MOK can provide rate discount.
- Voting (core feature)
I believe in Mocktailswap and it will be fun when the other features will arrive at the platform.
Thank you for reading.
