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Topic: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰 - page 58. (Read 29701 times)
June 28, 2018, 10:15:07 PM
June 28, 2018, 07:42:25 PM
Will we get SOUK from exchange by trading, like percentage of amount of trading volume we do maybe?
You won’t be getting Souk by trading but you can use Souk to get discounts on your transaction fees! Hope it helps
June 28, 2018, 07:32:52 PM
Will we get SOUK from exchange by trading, like percentage of amount of trading volume we do maybe?
That would be nice, like some other exchanges reward people for trading.
June 28, 2018, 07:29:33 PM
Will we get SOUK from exchange by trading, like percentage of amount of trading volume we do maybe?
June 28, 2018, 05:02:12 PM
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused 
the address is very far from the me??? and since this is going to be an exchange, please add the profile links of the team members, they are by no means arabs
the address is very far from the me??? and since this is going to be an exchange, please add the profile links of the team members, they are by no means arabsI agree,there should be part with team members,their pictures and LinkedIn profiles.It is very important to investors.I couldnt find it ewither,so had to look for myself.
This is what i could find regarding the team,by digging trough Whitepaper and LinkedIn
David Dubrulle(CEO) https://www.linkedin.com/in/david-dubrulle-231115b
Gene Hoffman https://www.linkedin.com/in/gehoffman/
Tara Tyan https://www.linkedin.com/in/tara-tyan-26639220/
Richard D'souza https://www.linkedin.com/in/richard-d-souza-54162923/
Here some other notes:
- $11m as a hardcap is a very high budget to reach.
- There is no minimum cap (softcap)
- 8% from total raised amount reserved for bounties and airdrop which may be considered as special in the ICOs environment but i know this still depends on the Marketing strategy.
- This is not the only project made by/for arab world. We can discuss it in comparison with DubaiCoin for example or HalalChain.
So no softcap? I guess this team is going strong!
People are to impatient in crypto, we got used to get all the information in an instant and we expect projects to develop in a month or two.Just give it some time, I'm sure we will be informed on time in next 2 weeks.this project has a good team that will deliver.
I agree that it has a great team and could be really a proper project, but they should hire some people for telegram if they don't have someone already.It looks really bad when you got to telegram and it's dead
But they dont have group,only channel,and members cant write in channel anyway.Group will come later.
You can find CryptoSouk on these links:
Announcement channel: https://t.me/cryptosouk
Website: https://cryptosouk.io
Bitcointalk: https://bitcointalksearch.org/topic/m.40654837
Reddit: https://www.reddit.com/r/CryptoSouk
Twitter: https://twitter.com/CryptoSouk
Facebook: https://www.facebook.com/CryptoSouk.io
LinkedIn: https://www.linkedin.com/company/cryptosouk/
Medium: https://medium.com/@cryptosouk
GitHub: https://github.com/CryptoSouk
Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf
Thanks for sharing us all the information, it is very welcome and it is good to see things picking up a bit.
June 28, 2018, 04:58:40 PM
What will be the main purpose of SOUK tokens?
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 56 million
tokens originally issued.
What you plan to do with unsold tokens?
The company, at its sole discretion, can re-acquire and burn all 56 million
tokens originally issued.
You say it can burn, but you don't say it will burn unsold tokens.Will it burn unsold tokens?
June 28, 2018, 04:43:39 PM
What is the minimum amount needed to invest in order to join the presale?
Minimum amount needed to join the sale is 100 SOUK tokens, while maximum is 1 million SOUK tokens.
I think that base price during presale is 0.35 USD and 0.50 USD during main sale. Someone correct me if I'm wrong.
Yes you are correct.Private/Pre-Sale - $0.375 (25% discount) - Soft Cap @ $1M
- Main Sale - $0.50 - Hard Cap @ $11M
It is quite a low soft cap which is weird for me since this project has a really good team and I believe soft cap should be a bit higher, but at least we can be sure with this low soft cap that this project will happen for sure.
June 28, 2018, 03:29:28 PM
CRYPTOSOUK is a fast, secure, and economical digital currency exchange. A good coin, I think the team needs a solution so that it can expand the world. Will the team intend to expand beyond the Middle East? Do you have a special reason?
Maybe they think its easier to start with middle east and go from there.
June 28, 2018, 03:26:56 PM
What will be the main purpose of SOUK tokens?
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 56 million
tokens originally issued.
What you plan to do with unsold tokens?
Probably burn them...
June 28, 2018, 03:25:34 PM
What will be the main purpose of SOUK tokens?
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 56 million
tokens originally issued.
Seems you got it all figured out!
June 28, 2018, 03:23:15 PM
Hi, With whom shall I get in touch to discuss marketing for your project ?
You mean like you would do marketing for the project?
June 28, 2018, 03:20:01 PM
This is a Wonderful project. Keep it up I have no doubt this will reach the top
It just looks so elite. Can't wait for it!
June 28, 2018, 11:49:31 AM
This is a Wonderful project. Keep it up I have no doubt this will reach the top
that confidence you show the team is working hard to ensure you all happy
June 28, 2018, 11:44:00 AM
This is a Wonderful project. Keep it up I have no doubt this will reach the top
June 28, 2018, 11:38:10 AM
A great project with amazing bounty program. I'll stay tuned for this project
thank you for the feedback, your support keeps the project alive
June 28, 2018, 11:30:22 AM
A great project with amazing bounty program. I'll stay tuned for this project
June 28, 2018, 11:14:42 AM
Wait... isnt cryptocurrency illegal in some of the big middle eastern countries?
How will the regulations be handled for countries where this is the case?
I know this isn't all encompassing, but I am just curious for how things will be handled going forward.
How will the regulations be handled for countries where this is the case?
I know this isn't all encompassing, but I am just curious for how things will be handled going forward.
Good Question Crypto trading is rapidly accepted in those regions and the future there would be more acceptance for crypto you can join telegram channel where we can discuss more in details about this https://t.me/cryptosouk_community_en
June 28, 2018, 08:05:15 AM
Wait... isnt cryptocurrency illegal in some of the big middle eastern countries?
How will the regulations be handled for countries where this is the case?
I know this isn't all encompassing, but I am just curious for how things will be handled going forward.
How will the regulations be handled for countries where this is the case?
I know this isn't all encompassing, but I am just curious for how things will be handled going forward.
June 28, 2018, 07:49:29 AM
Hi, With whom shall I get in touch to discuss marketing for your project ?
You may talk to one of our Admins from the Official Cryptosouk Community on telegram with this link: https://t.me/cryptosouk
June 28, 2018, 05:52:29 AM
Hi, With whom shall I get in touch to discuss marketing for your project ?
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