Mocktail token is the first semi-fungible token to ever be created on the genuine and growing blockchain network, BSC. This platform happens to be an AMM that helps users obtain yields by providing so many strategies to increase profits on the BSC. The users enjoy low charges on the project, and are open to different means of profits.
About Mocktail
The Mocktailswap is a decentralized exchange that can be found on the BSC. They make it possible for users to exchange their decentralized token on the exchange while making it safe and transparent.
A governance token ecosystem that controls most of the activities present in the platform and protocols carried out. The platform is decentralized to the core, and not like other DeFi projects that claim decentralization, and don't live up to the expectations of their users. The yield of users are automated, and they are ensured of maximum yields from the activities carried out in the platform.Assets kept in Mocktail Finance are guarded, and there is little or no loss of funds.
Initial token distribution
The largest portion of the platform's token distribution goes to private sale and IFO with 75%, the ecosystem takes 12.5%, Bounty and airdrop are awarded with 7.5% and the team takes 5%.
The token set aside for mining have only three sectors to be distributed to, and they include: burning, staking and farming.
How it works
The token standard on Mocktail Finance is not a common one, and is a new token standard on the BSC network. It is also a new type of decentralized app on the platform.
It makes use of an ERC-1155 token standard that allows just one smart contract to control many tokens. All the tokens are semi-fungible tokens, and has features which can not be possible for a non-fungible token.
Semi-fungible tokens allows each token type to be present on one or more addresses. One address can also own numerous token types.
Controlling the distribution of MOK
The platform's token has no total circulating supply, and this automatically makes it a token bound to be influenced inflation. The users at Mocktail Finance see this as a major problem, but the team have their reason for not wanting the platform's token to have a hard cap. There are also no plans made for a hard cap to be set in later years.
How does MOK reduce its supply when a hard cap is absent?
The team plans to make deflation more than the emission of the token, and this can only be made possible when deflationary mechanisms are adopted. They plan to allow for the number of MOK tokens being circulated to be greater than the number of MOK tokens being supplied.
Reducing block emissions: When the amount of MOK tokens produced per block, the inflation rate is also reduced. But, this mechanism will not be adopted early due to the same basis that a hard cap is not wanted for MOK token. Deflationary mechanisms: Token burns will serve as a way to make deflation higher than emission, and will be placed at different points on the way.
For more information on MocktailSwap :
Website - https://www.mocktail.finance/
Website - https://www.mocktailswap.finance/
Telegram group - https://t.me/MocktailSwap Whitepaper - https://docs.mocktailswap.finance/
Twitter - https://twitter.com/MocktailSwap
Facebook - https://www.facebook.com/MocktailSwap/
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