Do you have any kind of referral systen going on?
Referral's are always actual. Every bounty is in fact a referal program. |
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Agate will be connected to our credit/debit cards?Like PayPal?
I think they wont be just like paypal but something similar - paypal for your crypto. They said that they only refered to paypal as it's the closest thing to their project that the wider public will know. Is there even anything else like paypal? |
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indeed today many projects are experiencing delays and maybe this is the best according to the team. hopefully with the presale will bring positive impact and profit for this project to further finalize the marketing strategy and more familiar with the investors When you think about it, its really hard to actually define a deadline of the project especially in a volatile crypto market. |
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The project looks interesting with a global ambition and an experienced team backing the project. When will the demo version available to test the platform?
We are doing the internal acceptance test at the moment, once that is done, it will go for user acceptance test, we are going to release the Beta version on the 6th of August Will BETA testing be available to everyone? I would say it will probably be closed one at the beginning,and later on for everyone In theory open to everyone, yet the number of participants must be limited in some way. Yeah it will be limited for sure, I participated in one beta test for one exchange and it was limited to 500 testers. Understandably. Is this number of participants enough for testing such platforms? It depends on what the goal of testing is.There are usually more rounds of testing and for each round a different number of participants are accepted. So the tests can include up to several thousand people. I think i would be best they can cater tester randomly and many as they so that many can experience and many can testify its beauty and functionality of the actual technology that they are trying to test,implement,improve and achieve. I am quite confident and believe by the team developers that they have enough rules and procedures in taking into beta testing that would reach into satisfaction level. Yes, a good team like that has to be capable for making a good beta testing. |
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Where exactly is your team located,do you have some kind of main office?
Hey Cillary! We're located on the 10th floor of 615 Boulevard Réné Levesque Ouest, Montréal, Québec, Canada. Feel free to pass by sometime for a coffee  Hehe great to see someone from the team sharing the actual location and even inviting someone for coffee. I hope the team posts some relevant videos so those of us who cant really stop by can also have coffee with them xD That's right! The community loves video material and they respond really good to them. I know it takes up the teams time, but the bemefits of those are great. Maybe the team could open a competition for community to make videos. I could be good.... |
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You cant have decentralized system with regulatory bodies its simply impossible.
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I consider that. can be good long-term investment for you because it is quite probable that this company will offer you good return from investments, Cryptosouk but in the future. If you have enough patience, it would be quite good to invest in this company.
It maybe a long path but cryptosoak will get here eventually. |
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in my opinion their random connections and erratic, the KUBITX project is also very attractive and have a great potential for the future Ireland has a good tech background so its possible to see this going on there. |
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For а suссessful ICO yоur рroject wіll need an invеstor's pеrsonal саbіnеt. Our teаm сan оffer yоu the еffіciеnt sоlutіon оn mаrket fоr аn оptimаl price. PrimeCoreICО Dаshbоard is a technісаl sоlution with соmрletеly аutomаtes thе whіle ICО prосеss аnd fund rаіsіng. Just in 48 hоurs wе wіll dерloy the рlаtfоrm оn yоur server. Your invеstоrs get a cоnvеniеnt аnd user frіеndly interfaсe for taking part in tokеnsаlе. Client’s рart (user аrea) іs availаblе at: https://ico.primecore.ioShоrt рrоduсt descrірtion: https://ico.primecore.io/launchWe guarаnteе:- Рrоvіsiоn оf the high-tесh рlatform;
- Control and sаfety;
- Affоrdаble price;
- The most рrореr terms on the mаrket.
Yоu саn contасt mе fоr more dеtaіls - https://t.me/danielcriptoadvIs this some kind of advertisement? I didn't really understand the benefit of this... Who knows. Some guys trying to sell their shit. Let's focus on timechain. |
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There is soooo much money in the middle east. The same thing could happen for crypto.
Really good market to penetrate to as it is still a bit slow on crpyto and rich people always love something new to play with, to hide their money, make it clean  It will be used for all kinds of stuff for sure Exactly, a good opportunity for the crypto enthusiast in the region am sure they are excited and glad to know that but the team will not focus only in the middle east region as they said they will also expand to other neighboring region and thats a good point so that it will not limit their innovation to other crypto community. Yeah it doesn't matter if they start there if they will expand to other markets. |
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Great to see a new exchange coming out,because most exchanges started abusing position and taking too much money from the projects to get listed.We need some fresh and new approach more oriented toward success of the crypto in general, not to just fill their own pockets.
Indeed, lot of exchanges now including Binance simply ask to much money from new projects to get listed and that is why we get a lot of bad projects listed and some that truly deserve to be listed and thus more approachable get sidelined and suffer. its the same story over and over again, but people have to understand that it depends on them how some project succeeds. |
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I'll refer this to my friends! |
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How much tokens will be kept by the team?Will those be locked?
Its stamdard practice now that team tokens are locked for atleast 1 year,im sure it will be the same with Cryptosouk Its probably a likely scenario. |
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Finally! A crypto exchange project that has a global ambition!
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I see that presale goes live in less than 5 hours.Will you have live update with the amount raised?
There won't be live update but we will update on our website for sure. CryptoSouk Token Pre-sale delayed due to the sudden new requirement by Malta regulators. This week breaking news about Malta introducing Virtual Financial Assets Act, which is great and welcomed news and exactly why we have chosen Malta (VFA Act). However, the sudden change in the regulatory requirements in Malta has forced us to temporarily delay the launch of the public token pre-sale initially set for July 9th 2018. As a transitional period has been implemented to permit all entities get up to speed with the new laws which require all new companies such as Cryptosouk to provide a legal opinion with respect to the token utility and prove that it does not require any further regulatory approvals within the framework of financial regulated activities (i.e. security tokens). Our expectation of the new act coming in to force and we were initially advised that this legal opinion would not be required to incorporate the company at the outset, yet would be required by the last quarter of this year. However, as mentioned above, with the immediate requirement, we are now required to submit the legal opinion to complete the incorporation process at the outset, so in our quest to remain fully compliant with all jurisdictions we intend to operate in, we have a fiduciary duty to operate properly as to not put any of own clients and community at risk. We are now awaiting more accurate feedback from the company registry and our Maltese legal counsel E&S Group as to the best possible date to launch the pre-sale post full completion of the legal opinion and incorporation. We expect to be able to announce this very shortly as the document required is a mere formality. We are genuinely grateful for the overwhelming support our community has provided us within such a short period and commit to always being as diligent as possible from all fronts. The Maltese Legislators forward looking approach by introducing this, the new act is welcomed news and we feel a minor delay is worth it, to ensure we are structured correctly for the benefit of all concerned for get-go. While our lawyers are dealing with this matter, it will give us an opportunity to focus on the amazing response characterized by the several thousand users that signup up for our trading platform at www.cryptosouk.exchange! As part of our roadmap, we intend to fund all accounts with $1000 demo funds in order for our user base to test the majority of the platform features. The feedback from this exercise will be invaluable to us in addition to be hopeful that the community will share their experience throughout all available media channels. David Dubrulle CEO Yeah best is to take those things seriosuly,and do everything according to the law,only that will ensure future success of thew project.So best to take as much time as you need! Better to be safe the sorry and knowing the law should be safe. |
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What is the amount or percentage of funds from ICO that will be allocated for advertising and marketing?
This is funds allocation breakdown: Legal and Licensing-40% Product Development-25% Market Liquidity-15% Marketing/Community-20% Reasonable fund allocation i would say. It seems to me that they could fill in product development a little bit. |
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The project is really good. The roadmap is fantastic. The team is also nice. What is the token price?
Thank you for those wonderful comments! Token price for Main Sale - $0.50 And the price for pre sale? I think price for presale was few post before. |
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Following with be the usage assuming Hard Cap is met. It will be spent in following proportionate 20% Marketing/Community 15% Market Liquidity 25% Product Development 40% Legal and Licensing. Don't forget to join our Telegram Channel https://t.me/cryptosouk_community_enRegards MaZeeCM What does it mean bolded part,market liquidity? Market liquidity is a broad term to describe an asset being bought or sold for stable market prices. Having a part of your funds aside for market liquidity helps to assure the company can go through bad moments on the market. Where exactly is your team stationed, do you have some kind of headquarters?
The company is pursuing an exchange license in the Abu Dhabi Global Markets (ADGM) where, with an office in Kuwait as well, our operations generally occur. You may also visit their White Paper on this link: https://cryptosouk.io/user/themes/custom-theme/pdf/whitepaper_v2.pdfMaybe in Dubai? Have a look at the team on their website https://cryptosouk.io/en/ico#team , and check out the whitepaper. This is good info. Thanks! |
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Can somone explain whats "souk" means,in the name of the project?
The word "Souk" is an Arab word for market or marketplace; a bazaar. Thank you,makes sense since you will focus on the middle east region. Still not sure however, how much sense it has to focus only on middle east market |
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Following with be the usage assuming Hard Cap is met. It will be spent in following proportionate 20% Marketing/Community 15% Market Liquidity 25% Product Development 40% Legal and Licensing. Don't forget to join our Telegram Channel https://t.me/cryptosouk_community_enRegards MaZeeCM 40% in legal and licensing, didn't know it was that expensive and demanding to setup and exchange. Yeah im sure all those permits aint cheap. It takes a lot of money to cover that. |
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