MOCKTAIL is the world's first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain

MOCKTAIL is the world's first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain




What's so special about the ERC1155?

According to blockchain experts, irreplaceable tokens can revolutionize the future of blockchain. How can I really understand this concept and use it? Let's talk about the basics and discuss what makes the NFT a special and promising future.

Alternative irreplaceable alternative possibility is important in the block chain and cryptocurrency world. Since most currencies are aimed at interchangeable assets, they are suitable for any traditional or digital currency. Tokens can be exchanged for other tokens of the same value. For example, you can change one US dollar currency to another US dollar currency without any difference to the user.

The Ethereum network has a popular pattern specified by the community itself. Each standard is known as ERC, which stands for Ethereum Request for Comments. It defines methods, techniques, and behaviors for specific features of Ethereum and is submitted for peer review.

ERC-1155
ERC-1155 is the standard for contracts governing combinations of replaceable and non-replaceable tokens.
As a result, this pattern avoids numerous repetitive code circulating multiple contracts in the Ethereum ecosystem, saving significant storage space and gas costs.

Here is the Mocktail function.

1. ERC-1155 token standard:

Mocktail token based on the ERC-1155 standard semi-substitute token built on Binance Smart Chain. And it is the first ERC-1155 token built on Binance Smart Chain.

2. Exchange:

Mocktail allows users to exchange tokens for other tokens with low fees.

3. Agriculture:

Users can earn cryptocurrency by lending tokens to others through smart contracts.

4. Liquidity:

Users can participate as liquidators and receive rewards for their participation.

5. Staking:

Users can stake tokens and receive rewards based on their participation.



How does it work?

MOCKTAIL is the world's first ERC 1155 standard Semi-Fungible Token (SFT) on Binance Smart Chain.
Mocktail Token is the first semi-replaceable token on Binance Smart Chain.
Mocktail Finance's new Ethereum token standard and a new type of dapp! The ERC-1155 token standard provides a way to allow one smart contract to manage an almost unlimited number of tokens. Technically, it's a 2²⁵⁶ token type with up to 2²⁵⁶ copies each.
Also, each token is semi-replaceable. Unlike the ERC-721 Non-Replaceable Token (NFT), each can only be owned by one address.

Semi-replaceable semantics:

Each token type can be owned by multiple addresses.
One address can own multiple copies of each token.

Ticker: MOK

Chain: Binance Smart Chain (BEP-20)

Address: https://bscscan.com/token/0x23A1c4025Aa5Dc7f876530bEb76346b99d50C3AA



Initial Liquidity Pool (LP) for Farm

MOK Tokens:

Compensation multiplier:

MOK / BNB LP

MOK / BUSD LP

BNB / BUSD LP

BNB / MOK LP

Stake the staking pool


AUTHOR
Bitcointalk Username : oneal.ngeplox
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2573674
ETH Wallet Address : 0x647Cd0A9B5108980BF3bf3672b739376FFA167a9

at April 08, 2021

0 comments :

Subscribe to: Post Comments ( Atom )
 
Copyright © 2015. oneal.ngeplox