MOCKTAILSWAP - STAKING & FARMING II PART-4
Hello everyone, welcome back to another part of the mocktailswap project review. I am Alamin. I hope you guys are well. Today I will explain the features of the mocktailswap project. I hope you guys will love to check out this project.
ABOUT MOCKTAILSWAP PLATFORM:
MocktailSwap is a Binance Smart Chain-powered decentralized swap platform. MocktailSwap Finance is an AMM protocol that incorporates multi-strategy optimization yield farming on Binance Smart Chain (BSC) with low commissions and slippages, as well as aggregation through lending and yield generation to maximize profit.
Benefit from the Mocktail Swap platform:
MocktailSwap platform has two types of earning:
both of which have unique characteristics that we will discuss.
There are 8 pools in total; choose the best one for yourself and go farming! Before you begin, remember to connect your wallet to the site and spend uproots in the pools that interest you.
- Farming Process:
We must first provide liquidity to one of the pools listed on the "Farm" page in order to farm. After providing liquidity and receiving your LP tokens, go to the "Farm" page, select the pool we joined, approve the contract, and then click on the little "+" sign, enter the amount we want to stake, and confirm.
There are only three pools: WBNB, MOK, and BUSD. The pool of native MocktailSwap token — MOK — will be the most profitable, as it provides the highest APY & APR.
We can stake our MOK on the "Staking" page after approving the contract by clicking on the little "+" sign, selecting the amount we want to stake, and confirming.
Mocktail Token is BSC's first semi-fungible token. MOK is the new Ethereum token standard, as well as a new type of Mocktail Finance dapp! The ERC-1155 token standard enables the creation of a single smart contract that can manage an almost infinite number of tokens.
What exactly does the term "Semi-Fungible" mean?
- Each token type can be owned by multiple addresses.
- Each token can be owned by multiple addresses.
It should be noted that 50,000 to 500,000 MOK tokens are burned every week. MOK token currently has no clear limit, making it an inflationary token. MOK's primary function is to incentivize the exchange's provision of liquidity, and without a reward for each block, there will be much less incentive to provide liquidity.
- They plan to launch a number of interesting initiatives in the summer of 2021, including the NFT Supermarket, NFT Gamification, and the NFT Wallet on Android and iOS. I hope the team does not stop there and continues to please their customers.
- The Web Application is expected to launch in the fall; the UI/UX update, and the most anticipated is the update to Ethereum V2.0, and a new development strategy is expected closer to December 2021.
In my next article, I will explain about mocktailswap more. Wait for it thanks for your patients.
To know more information & all upcoming update news about this I strongly suggest everyone check out their official handle.
I am not a financial advisor This Article is for informational purposes. I don’t suggest anyone invest in any project. If you want to do then do your research. Your money your research your risk.