Abstract
Decentralized finance is a protocol that allows people to swap tokens or maximize the return on their investment. But not only that, DeFi is an umbrella for various blockchain-based financial applications which can facilitate various crypto needs of users. Currently, the DeFi protocol is quite a trend in the crypto market, several platforms such as PancakeSwap and BakerySwap are DeFi platforms that are quite popular among global crypto users, where on this platform users can swap tokens, earn passive income, participate in the lottery, and various other features.
There are many platforms that are adopting the DeFi protocol nowadays. These platforms offer various features which will facilitate the various crypto needs of users, one of which is MocktailSwap, the AMM protocol incorporating multi-strategy yield optimizing which was launched on the Binance Smart Chain. Unlike other DeFi platforms, MocktailSwap adopts the ERC 1155 standard Semi-Fungible Token, which has a slightly different mechanism compared to ordinary tokens. MocktailSwap is a solution for crypto users to be able to trade tokens, staking, and farming easily and safely.
AMM Protocol on BSC
Binance Smart Chain is a chain technology launched by Binance that aims to be a chain that will solve various problems on Ethereum. Since BSC was launched, there have been many sectors in the crypto market that have benefited, one of which is the DeFi sector. DeFi sector improvement is the priority of BSC, therefore since BSC was launched the DeFi sector has grown quite significantly. And MocktailSwap is one of the platforms that adopts BSC. Adopting the BSC, allows users to make transactions faster with lower fees. MocktailSwap incorporates multi-strategy yield optimizing on BSC to maximize returns. Here users can participate in vault compounding, lending, and yield generation to be able to earn passive income every day. Since it was launched on BSC, MocktailSwap provides users with a completely secure and fast financial platform for their various needs.
And slightly different from other DeFi platforms, MocktailSwap adopts the ERC-1155 token standard on the BSC. MocktailSwap claims that they are the first platform in the world to adopt this protocol. The ERC-1155 token standard works by making one smart contract govern almost an unlimited number of tokens. In this way, each type of token can be owned by multiple addresses and one address can have multiple copies of each token.
MocktailSwap Features
MocktailSwap is an AMM protocol that provides various features to be able to exchange tokens and earn passive income. Because it adopts BSC technology, here users can make transactions faster with low fees/slippage. This way allows users to save money on fees. But that's not all, there are several other features of MocktailSwap:
No Permanent Loss: a mechanism that allows stable positioning of your assets with little to no impermanent loss.
Automated: Automated system which allows maximally optimizing yield for users.
Decentralization: MocktailSwap is a completely decentralized and fair platform for all participants.
Governance: Users holding MOK tokens can participate in the governance platform.
Trade: Make it easy for users to be able to exchange crypto on the BSC-based AMM platform.
Earn: Users can earn passive income with their yield farms or stake their MOK tokens.
MocktailSwap Roadmap
The team from MocktailSwap carried out research and development of the platform in Q1 2021, here the team developed some important features, and then after development the team launched the alpha and beta versions. In Q2 2021, the team conducted a token launch program to earn money for platform operations, then aggressive marketing to introduce MocktailSwap to a wider audience, and the launch of Mocktail Swap, pool, farming, and staking. And then the team will do the IFO launchpad, listing on exchanges, and dex launch. After that, the team will launch NFT supermarket and NFT-based gamification for trading NFT tokens. And in Q3 2021, the team will launch a wallet for Android, iOS, and web extension users. Then the team in Q4 2021 will make updates to the UI/UX, upgrade to Ethereum to V2, and implement new development strategies.
To conclude
Currently, the DeFi protocol is quite a trend in the crypto market. With the DeFi platform, users can access various features for their various needs such as crypto exchange or stake tokens to earn passive income. And MocktailSwap is here as an AMM protocol running on BSC which provides various features such as platform swap, stake, yield farm, vault compounding, and lending. Built on BSC, it allows users to make transactions quickly with low fees/slippage. MocktailSwap is the best platform to maximize returns quickly and securely.
Connect with Platform
WEB: https://mocktail.finance/
TWITTER: https://twitter.com/MocktailSwap
FACEBOOK: https://www.facebook.com/MocktailSwap
