CRYPTOSOUK: Better Exchange for the Middle East

Introduction

The crypto market has been growing at an exponential rate over the years, so is the need for more cryptocurrency exchanges. Presently, there is a good number of crypto exchanges both small and large already in operation around the world. The Middle East is a region with a great culture that is unique compared to anywhere else in the world. It is known culture has its challenges to business and as well have its benefit for people that understands the culture and take advantage of the opportunities they bring.

Blockchain technology and cryptocurrency particularly has been a hot topic lately, being discussed in different places. The Middle East is not an exception on this trend. The region of Middle East has a lot of countries modernizing and adopting the new blockchain technology. The only challenge the people still face is an exchange that is tailored to their culture and provide services in their language. Out of this need the project Cryptosouk was born to fill this need.

About Cryptosouk

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Cryptosouk is a centralized cryptocurrency exchange in the Middle east that provides service in Arabic language. They have a team that is experienced in global and regional forex trading, technologists and security experts that can deliver on the unique opportunity. The platform will include in their trading pair at the initial stage the following; Bitcoin, Ethereum, Litcoin, Ripple, dash,Zcash and Monero.

Problems
In the Middle East, there are a lot of traders and investors that needs a higher level of customers services, they want to partner with a trading platform that have the need security in place and are local to region, and speaks the same language with them, so that they can participate fully.

Solution
To mitigate these challenges, cryptosouk has launched a crypto exchange platform from ST. Vincent & the Grendines and Kuwait. The exchange launched at the beginning of the Q3 2018. The company plans on adding more crypto assets that they feel exceeds certain diligence minimum. Cryptosouk allows account loading by cryptocurrency or fiat.

Benefits of Cryptosouk
• 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.
• 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

Growth plans
Cryptosouk has put in place a form of referral system that will help in generating a viral growth for the platform. The referral system is simple and highly rewarding for the users. Each user that has an account will have a unique referral code that can be shared with others. Once the referral code is used for signing up, the user is entitled to 50% of the transaction fee paid by their referral for a period of one year.

TOKEN details
• Token Type: ERC20
• Token Name: Souk
• Token Ticker: Souk
• Token Price: @ $0.50

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