Soku Swap

 

Soku Swap is a Decentralized Exchange (DEX)

About

Soku Swap is a decentralized exchange (DEX) hosted on the Ethereum network and Binance smart chain. DEX uses automated smart contracts from market makers to create liquidity pools for both ERC-20 tokens and BEP-20 tokens. These features allow users to trade using an algorithm rather than the order book used on conventional exchanges.

Knowing that the biggest obstacle to entry is the lack of education and knowledge on how to trade cryptocurrency, they decided to focus on it. With on-screen chat features to answer any questions you may have and step-by-step on-screen instructions, anyone can trade. And if you still want to know more, they have classes that you can get paid in crypto to complete. You can even get paid to send people to class.

Soku Swap also has some perks, such as allowing users to make decisions about the future of DEX using our governance token. And we even have weekly payments to everyone who has placed liquidity and makes 3 trades per week.

Features

  • Soku Swap offers users many ways to make money. From providing liquidity to trading or using concessional loans using term loans. Imagine doing millions of dollars worth of arbitrage deals with Pancake Swap or Uniswap using our coins in our easy-to-use flash credit system.
  • With SOKU, our governance token, you can help decide the future of the exchange. And if you do multiple trades every week, you also get a small fraction of the trading volume. The more the exchange grows, the more your payouts grow. In addition, you can decide which services should come first. If you have enough of these SOKUs, we may have to provide you with a parking space with your name on it.
  • On Soku Swap, you can transact on the Ethereum network and Binance smart chain. Ethereum is the largest decentralized network in the blockchain world, so it is impossible to launch an exchange without using it. But along with size, there are other problems. Binance Smart Chain recently emerged to help solve these problems. With faster trades and lower fees, Binance definitely deserves a look. We believe they are both important and we want our users to be able to transact wherever they want.
  • Have you ever had to try to explain cryptocurrency to someone? I’m sure yes, everyone has. We know this is a headache, but we try to educate the people we know because we care about them. Well, imagine if you could send them a link to some free crypto classes, and the more classes they do, the more you both earn. And don’t worry, we’ll keep them short and funny. We want to make learning easy and profitable for everyone.
  • What do people really hate about crypto exchanges? Is this the main flaw in customer service? I know this was one of our team’s main complaints. So we decided to fix it. We’re going to chat 24 hours a day so you never have questions you can’t answer. No matter where you are, there is always someone within a click to help if you ever need it.
  • Centralized exchanges require all customers to fill out self-identifying forms. You need to include your name, date of birth, social security, blood type, DNA sample. Cryptocurrency was born as a decentralized currency that could not be controlled and tracked. With the freedom of DEX, you just need to connect your wallet and make trades.

How does it work?

This allows users to trade using an algorithm versus the order book used on conventional exchanges. The price is determined using the formula x * y = k (x token x coins and y token coins y, and always maintains the invariance that x ∗ y = k for some k constant), and this ensures the reserve remains in relative balance. Soku Swap reserves are pooled among the liquidity providers who supply the exchange with tokens in exchange for a portion of the transaction fees. Soku Swap uses registry contracts to facilitate exchange between different currencies. The system mechanics ensure trading between cryptocurrencies is based on their relative supply.

What is a Decentralized Exchange (DEX)?

A decentralized exchange is a type of cryptocurrency exchange that allows direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for intermediaries.

In centralized crypto exchanges, most of the control over your account remains with the third party running the exchange. On the other hand, with decentralized exchanges, all account control remains with you

The advantages of DEX

No KYC – KYC / AML compliance is the norm on many exchanges. For regulatory reasons, individuals must frequently submit identity documentation and proof of address. This is a privacy issue for some and an accessibility issue for others.

What if you don’t have valid documents? What if the information gets leaked? Since DEX is unlicensed, no one checks your identity. All you need is a cryptocurrency wallet.

No Counterparty Risks – The main attraction of decentralized cryptocurrency exchanges is that they don’t hold customer funds.

Unlisted Tokens – Tokens that are not listed on a centralized exchange can still be traded freely on DEX, provided there is supply and demand.

Soku Swap Functions

  • Soku Swap offers many ways for users to make money. From providing liquidity to trading to using concession loan with term loans. Imagine making millions of dollars’ worth of arbitrage deals with Pancake Swap or Uniswap by using our coins on our easy-to-use flash loan system.
  • With SOKU, our governance token, you can help decide the future of the exchange. And if you do multiple trades every week, you also get a small fraction of the trading volume. The more the exchanges grow, the more your payouts grow. In addition, you can decide which services should come first. When you have enough of these SOKUs, we may need to provide you with a parking space with your name on it.
  • At Soku Swap you can carry out transactions in the Ethereum network and in the Binance Smart Chain. Ethereum is the largest decentralized network in the blockchain world, so it is impossible to start an exchange without using it. But besides size, there are other issues. Binance Smart Chain was recently developed to solve these problems. With faster trades and lower fees, Binance definitely deserves a look. We believe both are important and we want our users to be able to conduct transactions wherever they want.
  • Have you ever had to try explaining cryptocurrency to someone? I am sure yes everyone has. We know this is a headache, but we try to educate the people we know because they are important to us. Imagine if you could send them a link to some free crypto classes. The more classes they offer, the more you both earn. And don’t worry, we’ll keep it short and fun. We want to make learning easy and profitable for everyone.
  • What do people really hate about crypto exchanges? Is this the main customer service mistake? I know this was one of our team’s main complaints. So we decided to fix the problem. We’ll chat 24 hours a day so you never have questions that you can’t answer. No matter where you are, there is always someone within a click to help if you ever need them.
  • In the case of a central exchange, all customers must fill out self-identifying forms. You will need to provide your name, date of birth, social security, blood type and DNA sample. Cryptocurrency was born as a decentralized currency that could not be controlled or tracked. With the freedom of DEX, all you have to do is connect your wallet and complete trades.

SOKU Tokens

Name: Soku

Base price: $0.88

Blockchain: BSC

Total Token Supply: 222,222,222

Symbol: SOKU

Total tokens available for Sale: 111,111,111

Type: BEP-20

Purchase methods: BNB, ETH, BTC and USDT

Softcap: 100,000 SOKU

Hardcap: 1,000,000 SOKU

Roadmap

Team

Ryan White: Founder/CEO

Dr. Nisheta Sachdev: Marketing Specialist

Sammy Arora: Marketing Specialist

Demari Cameron: Front-End Lead

David Lee: Back-End Lead

Ferdinand Smith: Communities Manager

Katie Chau: Advisor

Ron Belk: Advisor

Jeffrey Commons: Advisor

Author: ket tumbar

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2202323

BEP-20 Address: 0xde4b8cb6dBbA80E80041bA69fa115c5Ec58fb6AE

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