CRYPTO SOUK – YOUR GATEWAY TO THE CRYPTO WORLD

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IDEAS OF CRYPTOSOUK
We believe that there is a unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language. We also believe that bringing long term foreign exchange operations, trading, and market making experience is required to create more efficient/sustainable liquidity solutions combined with a strong understanding of financial exchange ecosystems — a place where many new entrants do not have expertise. In the Middle East, there are both larger traders and investors that expect a higher level of customer service and are not interested in the finer details of private key custody. They instead want to partner with trading platforms that have the security expertise, are local to the region, and speak their language so that they can participate in this burgeoning economic phenomenon and not the technical minutiae. We have brought together a team that includes both global and regional forex trading experience and technologists and security experts that can deliver on the unique Arabic language opportunity. We are offering a launched platform in the region that offers trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero initially. We anticipate that our efforts to promote this coin offering will also help us acquire new customers for the exchange as well.
Картинки по запросу cryptosouk ico
WHY CRYPTOSOUK
Reliability combined with rich features
Enjoy the best digital asset exchange, focusing on the needs of novice traders, professional traders and digital money specialists. We are committed to making digital currency transactions accessible, fast and completely secure.
PROBLEM
Buying, selling, holding and trading electronic money is hard. We are very excited about the new decentralized exchange ideas being developed, but they are often lacking in liquidity and creating markets. However, in the Middle East, we think that more active investors and investors are seeking a higher and easier contact to use a trading partner that is more in line with current expectations.
They when entering the financial market. Our clients also want to know that there are local people in the area where they can reach out to people who speak their language and understand their customs.
The electronic money exchange market is growing at an extremely high rate. One of our competitors, Binance, announced that they have bought over 250,000 new customers in a single day. Coinbase has more than 20 million accounts and 52 million codes are under management since May 2018.2.
To generate over $ 1 billion in annual fees according to Bloomberg analysis on the market. 3 Simply put, the size of the entire electronic money market is growing exponentially with strong signs. of the basic expected basic rate.4 The opportunity to trade around the world to gain market share in a fast-moving market is hard to underestimate.
LIQUID
CryptoSouk launched a trading platform electronic money Vincent & Grenadines from ST and Kuwait. The exchange will be launched in early Q3 2018 with trading pairs supporting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The company plans to continue adding transactional support for additional encryption assets that the company feels beyond a certain minimum.
Our exchange also allows you to download your account by electronic money or fiat payment. Based on the founders’ expertise, we chose our partner to help us provide both our trading platform and our range of funding options.
We believe we will be able to continue to grow in the region based on the following competitive factors. First we thought that it was possible to transfer fiat currency into and out as cheaply as possible and originated from Dinars, Dirhams, Riyals and Dollars as possible. To achieve that goal, we plan to invest in tools and partners that can help us reduce costs and make cheap or easy fiat purchases.
Second, we believe that, although not all of the cryptographic assets deserve to be listed on our trading floor, that the variety of trading pairs and ciphers will be one. Important factors that customers will consider when they choose priority exchanges.
Tuesday, We believe that higher touch customer service is very important in this area so we intend to invest in customer service so that we can provide more human touch on the scale while doing Effective and profitable. Last but not least, teams that have localized knowledge of KYC / AML related material will play an important role in providing a unique and frictionless user experience.
The Referrals CryptoSouk program is designed to create the evolution of viruses and is particularly attractive to both of our customers who can use their inner circle and the Influencers can use the resources. Their premium social media to promote CryptoSouk. CryptoSouk has a simple and very useful introduction system.
Each user who has an account on CryptoSouk.Exchange will have their unique referral code that can be shared with others. When another user registers using this referral code, the referee will receive 50% of the transaction fee paid by their referral throughout the year. For example, User A shares their introductory code with User B. User B enters the user’s introductory code A when creating a new account.
MARKET
The crypto exchange market is growing at extremely elevated rates. One of our competitor exchanges, Binance, announced that they had acquired over 250,000 new customers in a single day.1 Coinbase has over 20 million accounts and 52 million tokens under management as of May 2018.2 The top 10 crypto exchanges in the world are on track to generate more than $1 billion dollars in fees on an annual basis according to Bloomberg’s analysis of the market.3 Simply put, the size of the entire cryptocurrency marketing is growing exponentially with strong signs of underlying fundamental expected ratios.4 The opportunity for exchanges around the world to acquire market share in a fast growing market is hard to understate.

SOLUTION
CryptoSouk has launched a cryptocurrency trading platform from ST Vincent & the Grenadines and Kuwait. The exchange shall be launched at the beginning of Q3 2018 with trading pairs supporting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The company plans to continue to add trading support for additional crypto assets that the company feels exceed certain diligence minimums. Our exchange also allows for account loading by cryptocurrency or fiat payments. Based on the founding teams expertise, we have chosen partners to help us deliver both the exchange platform, liquidity on our exchange and a breadth of funding options.
We believe that we will be able to continue to grow in the region based on the following competitive factors. First we think that being able to transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critical. To that end we plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy. Second, we believe that, though not all crypto assets are worthy of listing on our exchange, that the diversity of trading pairs and crypto assets will be an important factor that customers will look to when they choose a preferred exchange. Third, we believe that higher touch customer service is critical in this region so we plan to invest in customer service to be able to provide a more human touch at scale while doing so efficiently and profitably. Last but not least, the teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and frictionless user experience.
Our Marketing plan is to employ regional experience by directing localized unique digital marketing content via the most optimized channels as well as focusing on education in Arabic as simple yet effective content delivery is few and far between today. Our appreciation of Arabic high context societies will contribute heavily in our mission to create a significant engaged community which forms the backbone of any crypto related product, project or venture. In-line with industry-wide best practices for digital marketing, the marketing spend will be allocated to two distinct mediums:
The CryptoSouk Referrals program is designed to generate viral growth, and be particularly appealing to both our clients who can use their inner circles and to Influencers who can use their high profile social media accounts to publicize CryptoSouk. CryptoSouk has a simple and very rewarding referral system. Each user with an account on CryptoSouk.Exchange will have their unique referral code that can be shared with others. Once another user signs-up using this referral code, the referee gets entitled to 50% of the transaction fee paid by their referral for an entire year. For example, User A shares their referral code with User B. User B enters User A’s referral code when creating a new account. Over the year starting from date of User B’s account creation, 50% of all transaction fees paid by User B will be credited to User A.
CryptoSouk Exchange reserves the right to make any changes including complete terminal of the referral program at any stage without any prior notice
We plan to use our token to reward our early supporters. Buyers of the SOUK utility token will get discounts on trading fees and other costs if paid for in SOUK tokens. Further we plan to repurchase these tokens in the market with a portion of our profits once we are profitable. We think these incentives and rewards align the company with our early supporters and customers.
We plan to use our token as a method for worthy crypto asset projects to inexpensively pay for our listing fees. We incur some costs depending on the nature of the underlying crypto asset and those vary depending on how similar or different each asset is from a blockchain protocol perspective. However, we also believe that listing worthy projects should not be an excessive profit center as it is in everyone’s interest to see them available to our customers with improved liquidity. Further, we are also looking forward to the coming wave of security tokens and are taking steps to prepare our platform from a regulatory perspective.

We have chosen Malta for our [corporate parent] and to conduct our ICO due to that nation’s forward looking utility token regulation and membership in the European Union. We are also pursuing an exchange license in the Abu Dhabi Global Markets (ADGM) where, with an office in Kuwait as well, our operations generally occur. The current status of our licensing is pending a final release of the regulatory framework for ADGM to operate under the OCAB (Operating a Crypto Asset Business) and a final activation of the recent Virtual Financial Assets Act in Malta. We believe regulatory certainty will become a more important part of the decision about which exchange customers will entrust with their crypto assets.
FEATURES
MULTIPLE TRADE VIEWS

Multiple views including price chart, depth chart, order book and recent trades ticker
PLENTY OF INDICATORS

58 available indicators including linear regression curves, moving averages and oscillators
CUSTOM TRENDLINES

Ability to draw custom trendlines, pitchforks and more that scale and move with chart
INTERACTIVE UI

Ability to customize color and style of bars, borders, wicks, price lines, backgrounds and grid
Native Charting
Enterprise matching engine with execution ability of 1 Million transactions per second
Advanced APIs to access or provide liquidity to others
20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT

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Multiple integration ability for KYC/AML, Banking/PSPs
Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems
Interoperability with Traditional and DLT infrastructure
OUR TECHNOLOGY
Our technology is oriented towards simplicity, security, and reliability to support a rich array of features. We are dedicated to making digital currency trading accessible, fast and totally secure :
• Enterprise matching engine with execution ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems.
REFERRAL PROGRAM

The Referrals section ofCryptoSouk offers Traders the ability to:
• Invite new Traders to CryptoSouk in exchange for a portion of the Tokens generated by them
• Receive a welcome bonus in SOUK Tokens for joining CryptoSouk
USE OF PROCEEDS
TOKEN DISTRIBUTION
There will be 52,000,000 SOUK tokens created @ $0.50 each. Assuming the Hard Cap is reached, the token distribution shall occur as per below
TOKEN TYPE
ERC20
TOKEN NAME
Souk
TOKEN TICKER
Souk
TOKEN PRICE
@$0.50
Pre-Sale
$0.375
25% Discount
Soft Cap – $1M
Launch Date – July 9th 2018
Duration – 30 Days
Main Sale
$0.5
Hard Cap – $11M
Launch Date – August 22nd 2018
Duration – 30 Days
The token will be and ERC20 token on Ethereum called SOUK. We plan to raise a maximum of $10 million and a minimum of $1 million
TOKEN ECONOMICS
TOKENS WILL BE UTILIZED IN THREE PRIMARY WAYS:

Tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. We reserve the right to create special promotions and windows where token discounts on fees will be higher for a period of time, but they will always be worth a discount of at least 30%. Certain pre-ICO and early ICO coin buyers will get an additional discount applied to the general fee discount

Tokens will be the method of payment for the listing of new asset pairs from projects that also meet our diligence review for soundness

The company will, after $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of it’s quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole election. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens.
However, the company, at its sole discretion, can re-acquire and burn all 56 million tokens originally issued
ROADMAP
Profile Link :
https://bitcointalk.org/index.php?action=profile;u=2002666
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Laura18

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