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Topic: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰 - page 59. (Read 29701 times)

newbie
Activity: 238
Merit: 0
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.
newbie
Activity: 112
Merit: 0
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?
newbie
Activity: 238
Merit: 0
Why only for the middle east?


Yeah i was about to ask the same question,whats the reason behind focusing on middle east,i mean how this project can benefit from that,instead going worldwide?And how you plan to restrict people from other regions joining?

Is there any answer on this question? I'm also interested.

Well I mean....there are really rich countries in the middle east but then again if people from ll over the world want to invest, why not let them.
After all, crypto is a world wide thing.

Every country has their own rules and restrictions to follow in regards with crypto, so I think this might be an issue.
newbie
Activity: 126
Merit: 0
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


Will there be any bonus during main sale period?
newbie
Activity: 238
Merit: 0
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.
newbie
Activity: 238
Merit: 0
Will people from USA and China be able to participate in the sale?

From what i read,both United States and China investors  will be excluded from  ICO.

I really need to move to some other country...This is so bad for us in states...

Hopefully they will lift that ban soon.

Yes that might happen soon. For now the team focuses only on the said country.
newbie
Activity: 238
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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 Cheesy
I agree with you, if no one is employed in telegram, how will someone get detailed information about your project?

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
newbie
Activity: 238
Merit: 0
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
newbie
Activity: 238
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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 Cheesy

Maybe they don't care about telegram now, but they will soon find out how good it is.

They have a Telegram channel. Here: https://t.me/cryptosouk_community_en
newbie
Activity: 238
Merit: 0
Waiting information like date; terms; price etc.

You can find all that info here  https://cryptosouk.io/en/ico

Web design seems a little cheap.

They are making it easier for all the users.
newbie
Activity: 238
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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 Cheesy
I agree with you, if no one is employed in telegram, how will someone get detailed information about your project?

Patience guys, I'm sure they will hire some people.

The project has just started guys, you can visit this link for more information. https://t.me/cryptosouk_community_en
newbie
Activity: 238
Merit: 0
Is KYC needed in order to join the sale?
what exactly is KYC?


Know your customer  or 'KYC' is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship.

Its pretty much standard thing nowdays in crypto.

Literaly it means Know Your Customer. It tells something about youtself.

KYC is a must for most of ICO's in order for them to see your qualifications on the project.
newbie
Activity: 24
Merit: 0
Is KYC needed in order to join the sale?
what exactly is KYC?


Know your customer  or 'KYC' is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship.

Its pretty much standard thing nowdays in crypto.

Literaly it means Know Your Customer. It tells something about youtself.
newbie
Activity: 238
Merit: 0
I see this project has a very neat arrangement and full of certainty, I see the listing schedule of the coins made sales, hopefully the listing time of the coin prices stable and higher than the price of ICO, where the exchange of this coin?


I don't think this is already available on exchanges.

It is not yet available! 😊 feel Free to join our telegram group https://t.me/cryptosouk_community_en
newbie
Activity: 168
Merit: 0
I see this project has a very neat arrangement and full of certainty, I see the listing schedule of the coins made sales, hopefully the listing time of the coin prices stable and higher than the price of ICO, where the exchange of this coin?


I don't think this is already available on exchanges.
newbie
Activity: 182
Merit: 0
newbie
Activity: 182
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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 Cheesy
I agree with you, if no one is employed in telegram, how will someone get detailed information about your project?

Patience guys, I'm sure they will hire some people.
newbie
Activity: 182
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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!

There is soft cap,its 1 million USD,while hard cap is 11 million USD

There always has to be a soft cap.
newbie
Activity: 210
Merit: 0
seems that the price is pretty expensive. is this going to be registered in the middle east? im confused Huh 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


I 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/


The only link to something arabic in this project is that it may have some partenership with Kuweitien investors but as you said guys; the team and the whole project is setteled away from arab world (not only the midle east). The description resume the project as an ordinary cryptocurrency exchange without any small part being related to the arab community or the arabic countries developement. If we are wrong, then managers should provide more details about the environment which willing to install their business.
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 Cheesy

Maybe they don't care about telegram now, but they will soon find out how good it is.
member
Activity: 392
Merit: 12
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.
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