CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST

criptobitco

Website: https://cryptosouk.exchange/#home

Buy Tokens: https://cryptosouk.io/en/ico

Buying, selling, holding and trading cryptocurrency is hard. Excited about the various new decentralized exchange ideas being developed but they often suffer from a severe lack of liquidity and market making. In the middle east, however, more active traders and investors are looking for a higher touch, and easier to use trading partner that more matches their existing expectatons of partcipatng in financial markets. Our customers also want to know that there are local people in the region that they can reach out to who speak their language and understand their customs.

SOLUTION

CryptoSouk has launched a cryptocurrency trading platorm from ST Vincent & the Grenadines and Kuwait. The exchange shall be launched at the beginning of Q3 2018 with trading pairs supportng 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 expertse, have chosen partners to help us deliver both the exchange platorm, liquidity on our exchange and a breadth of funding options.

Believe that will be able to continue to grow in the region based on the following competitive factors. First 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 critcal. To that end plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy. Second, 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, that higher touch customer service is critcal in this region so 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.

Аactors that will be able to continue to grow in the region based on the following competitive

transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critcal. To that end plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy.
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.
higher touch customer service is critcal in this region so 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.

Marketing plan is to employ regional experience by directing localized unique digital marketing content via the most optmized channels as well as focusing on education in Arabic as simple yet effective content delivery is few and far between today. 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

CryptoSouk Referrals program

The CryptoSouk Referrals program is designed to generate viral growth, and be partcularly 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 transacton fees paid by User B will be credited to User A.

IMPORTANT POINTS TO NOTE:

Plan to use token to reward our early supporters. Buyers of the SOUK utlity token will get discounts on trading fees and other costs if paid for in SOUK tokens. Further plan to repurchase these tokens in the market with a porton of profits once are profitable. These incentves and rewards align the company with early supporters and customers.

TECHNOLOGY

Technology is oriented towards simplicity, security, and reliability to support a rich array of features.Top of the line trading UI - CryptoSouk is a premier trading and financial technology company. built the best digital asset exchange by focusing on the needs of professional traders and digital currency experts. Dedicated to making digital currency trading accessible, fast and totally secure.

• Enterprise matching engine with executon 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

ROADMAP

Q2 - 2018

BETA Launch Exchange - SV

Joint Venture with Kuwait Partners

Q3 - 2018

ICO Private Sale - Malta

LIVE Exchange Launch - SV

Launch SOUK Token on our Exchange

Open Listing of new Tokens

System Upgrade to permit fees paid in SOUK

Q4 - 2018

ICO Pre-sale (or Main sale)

Malta Crypto Exchange Licensing

Develop proprietary Liquidity

Q1 - 2019

ADGM FSRA OCAB Licensing

Release Mobile App

USE OF PROCEEDS

TOKEN DISTRIBUTION

The token will be and ERC20 token on Ethereum called SOUK.

Plan to raise a maximum of $10 million and a minimum of $1 million

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:

Buy Tokens: https://cryptosouk.io/en/ico

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%. Reserve the right to create special promotons 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, afer $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 electon. 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 52 million tokens originally issued.