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Topic: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰 - page 29. (Read 29683 times)

newbie
Activity: 105
Merit: 0
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

So if I understand correctly, extra tokens are burned and the after that the following coins are generate through mining?

Not all coins are minable. I all depends on a purpuse.
newbie
Activity: 126
Merit: 0
How much tokens will be kept by the team?Will those be locked?
member
Activity: 392
Merit: 12
From what i can see, the sale hasnt started yet,right?

So when can we expect some news regarding that,is it going to happen during Q3?
newbie
Activity: 144
Merit: 0
Who is admin on souk telegram group, is it someone from the team or someone hired?

Whoever he is, he's very good. Or maybe its a she even, who knows.
Anyway, I think the group is good and has a lot of good info.
newbie
Activity: 148
Merit: 0
Who is admin on souk telegram group, is it someone from the team or someone hired?
newbie
Activity: 65
Merit: 0
Which currencies do you accept? I presume ETH and BTC, any other currency?Maybe Fiat?

Yes that will be on the list

Join telegram channel so you get real time response about project  follow the link to connect with us on telegram
https://t.me/cryptosouk_community_en

Best Regards
Em Ng
Mazee

newbie
Activity: 65
Merit: 0
Can you please share token metrics,and token allocation?

https://cryptosouk.io/en/ico

Please visit that link to learn information about token metric

Also join  the telegram Channel  @cryptosouk_community_en
https://t.me/cryptosouk_community_en

Best Regards
Em Ng
Mazee
newbie
Activity: 78
Merit: 0
Which currencies do you accept? I presume ETH and BTC, any other currency?Maybe Fiat?
member
Activity: 322
Merit: 10
Can you please share token metrics,and token allocation?
newbie
Activity: 182
Merit: 0
Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away  Smiley

Me too. its great to have an option to try demo before it goes into production.

Demo should certanly be a must have in crypto today.
newbie
Activity: 210
Merit: 0
Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away  Smiley

Me too. its great to have an option to try demo before it goes into production.
jr. member
Activity: 137
Merit: 3
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

So if I understand correctly, extra tokens are burned and the after that the following coins are generate through mining?

Actually, no!  Wink Nothing is certain until it's certain!  Grin

Meaning the TOKENS WILL BE UTILIZED IN THREE PRIMARY WAYS according to the details above, including the reasons behind it, if and when the company decides, at its option or sole discretion on whether to exercise them or not later.Wink
newbie
Activity: 176
Merit: 0
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

So if I understand correctly, extra tokens are burned and the after that the following coins are generate through mining?
newbie
Activity: 171
Merit: 0
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.
newbie
Activity: 175
Merit: 0
Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

So it is still possible to get that bonus for testing, that is awesome , didn't know about it Cheesy
newbie
Activity: 152
Merit: 0
I read recently that Bancor exchange was hacked.How you plan to protect your users?

We will be using the following for security and technology of our platform:

Our 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. We’ve
built the best digital asset exchange by focusing on the needs of professional traders and digital
currency experts. We are dedicated to making digital currency trading accessible, fast and totally
secure.
• Enterprise matching engine with execution 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

This answer was focused more towards features of the exchange, can you elaborate more on security?
newbie
Activity: 187
Merit: 0
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

This will all be possible on Cryptosouk exchange, he mean't will we be able to trade souk on other exchanges I think.
newbie
Activity: 95
Merit: 0
Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

TOKENS WILL BE UTILIZED
IN THREE PRIMARY WAYS:
1. Tokens will be redeemable to pay trading, transfer and
other fees at a discount of at least 30%. We reserve the
right to create special promotions 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.
2. Tokens will be the method of payment for the listing of
new asset pairs from projects that also meet our diligence
review for soundness.
3. The company will, after $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 election. 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.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens
newbie
Activity: 112
Merit: 0
I read recently that Bancor exchange was hacked.How you plan to protect your users?

We will be using the following for security and technology of our platform:

Our 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. We’ve
built the best digital asset exchange by focusing on the needs of professional traders and digital
currency experts. We are dedicated to making digital currency trading accessible, fast and totally
secure.
• Enterprise matching engine with execution 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

Its great to see that you are really thinking about the security!
newbie
Activity: 168
Merit: 0
Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away  Smiley
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