CryptoSouk — Building Next Generation Digital Asset Exchange

Mithun Geekiyanage
Sep 6, 2018 · 5 min read

We believe that there is a unique opportunity to focus or have an unmet need for cryptocurrency exchange centered in the Middle East in Arabic. We also believe that bringing long-term foreign exchange operations, trade and market-making experience is needed to create a more efficient / sustainable liquidity solution combined with a strong understanding of the financial exchange ecosystem — a place where many newcomers do not have that expertise.

In the Middle East, there are large traders and investors who expect a higher level of customer service and are not interested in better details of private key prisoners. Instead they want to partner with trading platforms that have security expertise, are local to the region, and speak their language so they can participate in this growing economic phenomenon and not technical matters.

Problem

Buying, selling, holding, and trading cryptocurrency is difficult. We are pleased with the various new decentralized exchange ideas developed but they often suffer from severe liquidity and market shortages. However, in the Middle East, we think that traders and investors are more actively looking for a higher touch, and it is easier to use trading partners that are more in line with their expectations for participating in financial markets. Our customers also want to know that there are local people in the area that they can reach who speaks their language and understand their habits.

We have brought together a team that includes global and regional forex trading experience and technology and security experts who can provide unique Arabic opportunities. We offer a platform launched in the region that offers trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero at first. We anticipate that our efforts to promote this coin offer will also help us get new customers to exchange as well.

About CryptoSouk?

Our vision is to build the next generation of digital asset exchanges for traders of every skill level with the aim of making digital currency trading accessible to everyone. We are dedicated to enhancing our customers’ trading experience with fast trade execution, fair pricing, world-class customer service, endless improvement, and unlimited creativity.

Feature

Technology

Our technology is oriented to simplicity, security and reliability to support a variety of rich features.

Top of the line trading UI — CryptoSouk is a major trading and financial technology company. We have built the best digital asset exchange by focusing on the needs of professional traders and digital currency experts.

We are dedicated to making digital currency trading accessible, fast and completely safe.

• Company matching machine with execution capability of 1 million persecond transactions

• Original Mapping

• Advanced API to access or provide liquidity to others

• Dual integration capabilities for KYC / AML, Banking / PSP

• 20+ booking options including but not limited to; CONTENT or KILL, IOC, STOP, LIMIT, etc.

• Interoperability with Traditional and DLT infrastructure

• Institutional Institutional Security combined system based on Cold / Warm / Hot Wallet rules

Why is Cryptosouk?

Reliability is combined with a variety of rich features. Enjoy the best digital asset exchange that focuses on the needs of beginner traders, professional traders and digital currency experts. We are dedicated to making digital currency trading accessible, fast and truly

secure.

The CryptoSouk Referral Program is designed to generate virus growth, and is very interesting for both of our clients who can use their inner circle and Influencers who can use their high profile social media accounts to publish CryptoSouk .

CryptoSouk has a simple and very useful referral system. Every user with an account at CryptoSouk .Exchange will have their unique referral code that can be shared with others. After other users register using this referral code, the referee is entitled to 50% of the transaction fees paid by their referrals for a full year.

For example, User A shares their reference code with User B. User B enters User A’s reference code when creating a new account. During the year starting from the date of creation of User B account, 50% of all transaction fees paid by User B will be credited to User A.

Important points to note

Competition

In this region, we compete with Palmex.ae, BitOasis, and BitPado. We believe that the main factors that we will be competitive are liquidity and market operations expertise, Arabic language support, proper licensing, security, and ease of transfer of fiat in USD and regional currencies. We believe that our offer in all these fields is the most complete offer in the middle east today.

Over the past year, there have been a large number of initiatives launched in this space, almost all players have the same problem. When dealing with Fiat, not only are sustainable financing options difficult to find, due to the frequency of deposits and withdrawals from retail clients, the bank used by clients has begun blocking transactions to and from these entities by blocking wire transfers and credit card transactions. This must be increased over time when regulations arise and banks in the region become more comfortable and more knowledgeable.

Finally, there are a number of open source projects that aim to create decentralized cryptocurrency exchanges. Although there are a number of positive things to do with this plan, they often suffer from significant user complexity and do not offer easy paths to buy with or sell to fiat currencies.

Token Distribution

Token Type: ERC20

Token Name: Souk

Token Ticker: Souk

Token Price: @ $ 0.50

Pre-sale

  • $ 0.375
  • 25% Discount
  • Soft Cap — $ 1 million
  • Launch Date — 7 August 2018
  • Duration — 30 Days

Main Sale

  • $ 0.5
  • Hard Cap — $ 11 million
  • Launch Date — September 24 2018
  • Duration — 30 Days

Pre-Sale has begun

Buy Tokens Now with Crypto!

Token Allocation

Budget allocation

Roadmap

Team

To find more information about CryptoSouk, visit the link below:

Website: https://cryptosouk.io/ico

Whitepaper: https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4515317

Telegram: https://t.me/cryptosouk_community_en

Twitter: https://twitter.com/CryptoSouk

Facebook: http://fb.me/CryptoSouk.io

Written By: mithungee1 https://bitcointalk.org/index.php?action=profile;u=2165161;sa=summary