Topic: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰 - page 8. (Read 29610 times)

The project is quite amazing !!!
I think it will more developed !!!!

When will the tokens from bounty campaign be available for me?

I totally agree and sincerely believe so too!

Don't quote me on this, but common sense usually dictates that a buy back is tantamount to a refund, so possibly (for the worst case scenario that you might be worried about), it is what it is.

I hope that somehow answers your question!

Hey guys, you can always check the status of the Pre-Sale here on this link: https://cryptosouk.io/en/ico#token-distribution  

Also, to answer your question, please refer to the copy-pasted info (below) from the link I've provided (above).

PRE-SALE HAS STARTED
CONTRIBUTION ENDS IN: DAYS 18, HOURS 2, MINUTES 34, SECONDS 52  (this was the time when I copy-pasted)

TOKEN RAISED UP TO NOW: 284.500k

HARD CAP: $11M ( 26M Tokens )

SOFT CAP: $1M

Cheers!

I believe a fellow member here (below) commented on the same topic also, to further explain why.

Cheers!




I agree!  

Credit cards are usually not good, because you can ask for chargeback even 120 days after the purchase.

Isn't soft cap already reached?

He did not mean credit money, just to pay using a credit card

Since CryptoSouk soft cap is set as reasonable 1 million USD,i believe they wont have many issues reaching that.

Yes, that's right. Never need to buy cryptocurrency for credit money. It is very dangerous. Cryptocurrency is a very high-risk investment.

Would you buy back with the pre-sale price or with the main sale price? And how will you continue the developement of the project without funding?

Any of such reward will be openly announced stay tuned

Best regards
MazeeCm

No comments on exchange now

Best regards

Do you plan reward those that join your beta program,like rewarding most active beta participants?

That is a good question,but i doubt it will be traded on other exchanges right from the start,better use it internally

Are we going to be able to trade those tokens on other exchanges?

Our vision is to build the next generation digital asset exchange for traders of every skill level with the aim of making digital currency trading accessible to everyone. We are devoted to enhancing our customers’ trading experiences with quick trade execution, fair pricing, world-class customer service, endless improvement and limitless creativity. The main purpose of our Souk Tokens are the following:

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.


Best Regards,

MaZeeCM

Perhaps, maybe because credit cards are technically still considered as borrowed funds (that are yet to be fulfilled or paid by the credit card user). And wire transfers, bank transfers or credit transfers are considered funds that are readily available already to use upon actual transfer from the source to its intended recipient!

Just my few cents on the matter.

Souk tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. 

Also, Souk tokens will be the method of payment for the listing of new asset pairs from projects that meet CryptoSouk's diligence review for soundness.