CRYPTO SOUK: ENHANCING CENTRALIZED CURRENCY EXCHANGE IN THE MIDDLE EAST

A Cryptocurrency is an encrypted decentralized digital currency designed to work as a medium of exchange wherever it is accepted. It runs on the blockchain technology – A public ledger that of all financial transactions that has ever happened within a network. Cryptocurrency trading involves buying and selling of coins, exchanging fiat currency into cryptocurrency and exchange of one cryptocurrency for another.
With a market cap of around half trillion dollars, the cryptocurrency market seems to be growing every day. There is a great influx of people into the market on a daily basis such that most cryptocurrency exchange platforms periodically disable the trading account creation feature to regulate the number of customers. This is a mind-boggling accomplishment, considering the fact that the market is less than a decade old.
Despite these tremendous growths, cryptocurrency trading is still plagued by a number of challenges that arise from a variety of reasons. Trading with the crypto currency has proved difficult. Though there are various ideas in the exchange market, they still suffer from severe lack of liquidity and market making. The Middle East has a large number of investors and active traders seeking for better trading platforms that are easy to use and in line with the current financial market trend. These investors from the Middle East need people they can easily communicate and trade with, without the existing barriers of language and culture, to enable them participate effectively in this burgeoning economic phenomena.

WHY CRYPTO SOUK
Crypto Souk is a Digital Asset Exchange platform that seeks to attend to the needs of traders of all skill levels by making cryptocurrencies available and accessible for everyone. Crypto Souk has a goal of providing quick trade execution in a safe and secure manner. To achieve this goal, Crypto Souk has launched a cryptocurrency trading platform targeted particularly at the Middle East and generally the world, which supports digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. This platform allows funding of accounts with cryptocurrency or fiat payment. The platform also offers liquidity and a host of other options.

UNIQUE FEATURES
Crypto Souk will provide the following features on its platform:
To enable transfer and redemption of fiat currencies easily and at cheap rates, Crypto Souk will invest in tools and partnership.
Customers will be offered diverse amounts of trading pairs and crypto assets which they can refer to when choosing an exchange.
With the understanding that customers come first, Crypto Souk aims to set itself apart from other exchanges by providing a high level of customer support service that will attend to customer needs and requirements with a human touch.
Crypto Souk will leverage on the experience of its team in KYC/AML documentation to provide users with an outstanding hassle free experience.

TOKEN ECONOMICS
The token for the Crypto Souk platform is SOUK an ERC-20 token. The SOUK tokens will be redeemable at a discount of at least 30% even when there is a rise in token fees. Early buyers will get an additional discount in addition to the 30% general discount. Tokens can be used to pay for listings of new crypto asset pairs that meet the criteria set by Crypto Souk. Also, after actualizing $1,000,000 initial profit, Crypto Souk will use 20% of its profit from the previous quarter to purchase and burn SOUK tokens from the market in the present quarter.

TOKEN DETAILS
Token Name : SOUK
Type : ERC-20
Platform : Ethereum
Soft Cap : $1,000,000
Hard Cap : $11,000,000
Total Supply : 52,000,000 SOUK Tokens
Price : $0.5

REFERRAL
To generate more traffic, Crypto Souk has an easy and very profitable referral system. Each user on the Crypto Souk platform will have a unique code that they can share with others. Once a user signs up on the platform using referral code, the referee will get 50% of all transaction fees paid by the referred user for a year.

CONCLUSION
Crypto Souk is a blockchain exchange dedicated to making trading easy and secure for traders and investors. With a team possessing great wealth of experience that can deliver, Crypto Souk hopes to achieve this goal.

For further details on Crypto souk project and ico please visit these essential links
★ Web ★ ANN ★ Whitepaper ★ Twitter ★ Facebook ★ Medium ★ Telegram ★ Reddit ★

Author's Details
Bitcoin talk : emmy2nelly
Bitcointalk url : https://bitcointalk.org/index.php?action=profile;u=2303956