CryptoSouk - Your Gateway To The Crypto World

About CryptoSouk:

CryptoSouk is the next generation digital asset exchange for traders of every skill level, making digital currency trading accessible to everyone.

The team is devoted to enhancing their customers’ trading experiences with quick trade execution, fair pricing, world-class customer service, endless improvement and limitless creativity.

They are innovating a trading platform that have the security expertise, bringing together a team that includes both global and Arab regional forex trading experience and technologists and security experts that can deliver on the unique Arabic language opportunity.

The problem of the current Crypto market:

Buying, selling, holding and trading cryptocurrency is hard. CryptoSouk team is 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, CryptoSouk team thinks that more active traders and investors are looking for a higher touch, and easier to use trading partner that more matches their existing expectations of participating in financial markets. The 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 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. The 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.

CryptoSouk 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.

Benefits of holding SOUK tokens:

CryptoSouk plans to use SOUK token to reward its early supporters. Buyers of the SOUK utility token will get discounts on trading fees and other costs if paid for in SOUK tokens. Further they plan to repurchase these tokens in the market with a portion of their profits once they are profitable. These incentives and rewards align the company with their early supporters and customers.

CryptoSouk plans to use the tokens as a method for worthy crypto asset projects to inexpensively pay for our listing fees. It incurs 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, the team also believes that listing worthy projects should not be an excessive profit center as it is in everyone’s interest to see them available to their customers with improved liquidity. Further, they are also looking forward to the coming wave of security tokens and are taking steps to prepare their platform from a regulatory perspective.