MocktailSwap — An AMM Protocol with Semi-Fungible Token (SFT) on BSC

3 min readJun 17, 2021

Decentralized finance (DeFi) is 2021’s hottest sector of blockchain technology applications. Simply put, DeFi offers anyone the opportunity to earn as much passive income as possible. That’s what attracts a lot of people to throw their money at DeFi. Currently, the total value locked in DeFi reaches more than 60 billion USD, this is already a huge number but its true potential has not been fully unlocked so DeFI is predicted to be much bigger than it is today.

Becoming a part of DeFi is easy because there are so many options out there. There are tons of DeFi projects popping up every day, at first glance they may all look the same but actually, each one offers different benefits. Therefore, everyone needs to be careful and one thing that needs to be emphasized is to choose a legit project, otherwise you will not get passive income but lose all the money.

MocktailSwap Finance is an example of a legit DeFi project. Much like Pancakeswap, the DeFi leader on Binance Smart Chain, MocktailSwap is an automated market maker (AMM) protocol that combines multi-strategy yield optimization with low fee developed and operating on the BSC. Here is proof of the legitimacy of MocktailSwap:

1. Verified smart contract: https://bscscan.com/address/0xCA69C118Fa550387794d48900a866891217E5C9F

2. Audited by Certik: https://certik.org/projects/mocktailswap

MocktailSwap offers many advantages including little or no permanent loss, maximum yield, and fully decentralized which is secure and fast. You can do many things with MocktailSwap, including:

1. Exchange

MocktailSwap exchange is an AMM that allows users to exchange one token for another based on the BSC or BEP-20 standard. Exchanges will incur a 0.2% fee, of which 0.17% is for rewarding liquidity providers and 0.03% for MocktailSwap development.

2. Earn

There are 2 ways to earn in MocktailSwap, farming and staking.

Farming is done by depositing available token pairs in the pool to get liquidity provider tokens (FLIP). FLIPs can then be staked to be rewarded with MOK. The MOK earned depends on the portion in the pool, the APR can reach up to more than 500%. You can stop providing liquidity and withdraw your deposited tokens at any time.

Staking is done by staking WBNB, BUSD, and MOK in the available pool. When tokens are staked, you automatically receive a DRINK. DRINK is proof of ownership, so do not sell DRINK or the staked token cannot be withdrawn. Staking is rewarded with MOK which is calculated per block, APR reaches more than 200%, tokens staked on the pool can also be withdrawn at any time.

MOK is a BEP-20 standard token based on BSC. MOK is the world’s first semi-fungible token or SFT (ERC 1155 standard) on BSC, where each type of token can be owned by multiple addresses and one address can have multiple copies of each token. There will be 5 MOK per block or 150000 new MOK issued every day. 90000 MOK for farming rewards and 60000 MOK for staking rewards. Although the supply of MOK will always increase, there will be burning events every week to burn up to 500000 MOK.

Apart from the exchange and earn, MocktailSwap also plans to launch launchpad, NFT, and DEX soon. To connect with MocktailSwap, you just need to connect the BSC wallet via Metamask. Connect and start earning MOK!