What is your Monetary Policy? Does your coin have a fixed supply forever or additional tokens can be issued later?
Do you have any policy on using the profit to buy back your coin from users like BNB?
unsold tokens are burned for the 50% allocated to the public. They can choose to burn or buyback tokens as well 52 million souk tokens in total supply |
|
|
|
I heard that trading is limited to middle east only, Is that true?
Middle East is initial target market due to team's exposure and experience yet the platform is open to all regions Makes sense not to try and hit all the markets at once because that could exhaust the team resources. This is a better strategy. Yes, you gotta expand step by step,no need to push it hard and possibly endanger the whole project. Wait, is trading limited to middle east only now, or will be even when project launches completely too? Of course not, it would be crazy thing to do. They aim to cover all regions. Cool I was already starting to think that lots of people will be quite disappointed. Step by step to ensure we have everything going smoothly before going into other regions 😁 |
|
|
|
I have forwarded your concern to the team! Thank you! 😁 |
|
|
|
Can you share token metrics please?
There will be 52,000,000 SOUK tokens created @ $0.50 each. Assuming the Hard Cap is reached, the token distribution shall occur as per below: 50% for Public 20% for Initial Investors and Team 20%for Company Reserve 5% for Bounty 1% for Airdrop 4% for Advisors Pre-Sale $0.375 (25% discount) Main Sale $0.50 Hard Cap @ $11M What does this 20%for Company Reserve actually stand for?What will those be eventually used for? It could be used for improvement and updates or rewards for the team if I am not mistaken 😊 |
|
|
|
Can you share token metrics please?
There will be 52,000,000 SOUK tokens created @ $0.50 each. Assuming the Hard Cap is reached, the token distribution shall occur as per below: 50% for Public 20% for Initial Investors and Team 20%for Company Reserve 5% for Bounty 1% for Airdrop 4% for Advisors Pre-Sale $0.375 (25% discount) Main Sale $0.50 Hard Cap @ $11M You are giving 5% for bounty? That is awesome, but can I as newbie rank join? Yes why not,yoiu can jooin social media part of the campaign,or content,like making youtube videos for example. Hello and welcome! For everything regarding bounties please refer to the group @CSBounty and the administrator @btcltcdigger on telegram. |
|
|
|
Hello everyone, EverID ANN is now available in French at this link for those interested! EverID ANN Fr.Good to see that bounty hunters are active  Yes, people still care about bounties and so should projects. It's a good promotion and people get something in return. For how long will bounty go on? I think it recently started, so it's not too late to join. And it usually lasts till end of the ICO do you know up until when the ICO will go on? any exact dates? We have no public ICO only private and the date is - 13 August to 12 October What are the requirements for getting into the private sale? Any whitelisting? I think only KYC is needed,and minimum investment is 10000 USD. Min/Max Personal Cap $10,000 /$2,000,000 for private sale. |
|
|
|
Hello everyone, EverID ANN is now available in French at this link for those interested! EverID ANN Fr.Good to see that bounty hunters are active Yes, people still care about bounties and so should projects. It's a good promotion and people get something in return. For how long will bounty go on? I think it recently started, so it's not too late to join. And it usually lasts till end of the ICO do you know up until when the ICO will go on? any exact dates? We have no public ICO only private and the date is - 13 August to 12 October How come you decided to go only with private sale? In order to attract long term investors first - building a solid foundation for the EverID ecosystem before going public. Its a quite common procedure. |
|
|
|
Hello everyone, EverID ANN is now available in French at this link for those interested! EverID ANN Fr.Good to see that bounty hunters are active Yes, people still care about bounties and so should projects. It's a good promotion and people get something in return. For how long will bounty go on? I think it recently started, so it's not too late to join. And it usually lasts till end of the ICO 1. Min/Max Personal Cap $10,000 /$2,000,000. 2. For everything regarding bounties please refer to the group @CSBounty and the administrator @btcltcdigger do you know up until when the ICO will go on? any exact dates? We have no public ICO only private and the date is - 13 August to 12 October How come you decided to go only with private sale? Yes i would like to know that too.This way many people will be left out 1. Hello and welcome! For everything regarding bounties please refer to the group @CSBounty and the administrator @btcltcdigger on telegram. 2. Min/Max Personal Cap $10,000 /$2,000,000 |
|
|
|
Hello everyone, EverID ANN is now available in French at this link for those interested! EverID ANN Fr.Good to see that bounty hunters are active Yes, people still care about bounties and so should projects. It's a good promotion and people get something in return. For how long will bounty go on? I think it recently started, so it's not too late to join. And it usually lasts till end of the ICO 1. Min/Max Personal Cap $10,000 /$2,000,000. 2. For everything regarding bounties please refer to the group @CSBounty and the administrator @btcltcdigger do you know up until when the ICO will go on? any exact dates? We have no public ICO only private and the date is - 13 August to 12 October How come you decided to go only with private sale? Yes i would like to know that too.This way many people will be left out |
|
|
|
Where is your company registered? I guess it must be somewhere with good crypto laws, since you are exchange.
The Exchange company (cryptosouk.exchange) is incorporated in St Vincent. The Corporate entity running the ICO is based in Malta. The core team is based in Kuwait (With the Kuwaiti entity JM Financial). The rest of the team is scattered across Dubai, San Francisco and a few other European countries. |
|
|
|
What is your biggest advantage from other exchanging site?
Many exchanges don't allow for a direct FIAT buy-in. Or, when they do, it takes weeks to process. Furthermore they're not easy to use and non-intuitive. These are all boundaries CryptoSouk tries to battle. Furthermore, we specialise ourselves to target the middle-eastern market. This market in particular looks for well adjusted products with a certain standard. We believe there's an opening for CryptoSouk to fill in, where other exchanges are user unfriendly or otherwise less functional to use. |
|
|
|
What is your biggest advantage from other exchanging site?
CryptoSouk is a much awaited revolutionary digital asset exchange, our ICO will commence this month on August 7th 2018 with pre-sale investors qualifying for a 25% discount. We are the next generation crypto exchange platform, built with the sophistication and dynamism to please the seasoned investor, along with an intuitive design to attract investors of all types. The CryptoSouk ICO is well worth seeking out. Our biggest advantage? We have a native token with benefits:
With exchange tokens increasing in value, early adopters have experienced huge rewards. SOUK tokens will be available for pre-sale from the 7th of August, with a 25% discount valid for one month only. Token holders will benefit from reduced trading fees, generous referral bounties and access to premium services on the exchange platform. We have untapped potential:
CryptoSouk sees opportunities for a dedicated trading platform for the Middle Eastern markets, a lucrative and eager market so far untouched. Offering trading pairs in local currencies, and an intuitive Arabic platform, CryptoSouk will tap the potential in this region, combining local knowledge with excellent customer service. What differentiates us from the other Exchanges? - CryptoSouk provides unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language. - Our exchange also allows for account loading by cryptocurrency or fiat payments in both US Dollars and Dirhams. |
|
|
|
There are many projects for user identification, Persona, Telegram Passport, KYC. LEGAL, Isobox (ICOSID) and so on. What are your main feature and a distinguishing feature in comparison with them?
EverID is a device-free, universal identity and value-exchange platform that allows anyone to prove their identity, store value, and transfer funds. Users receive social and economic benefits from their digital identity. No device is needed to access these benefits. An inclusive and secure identity means seamless value transfer and access to global economic services such as banking, credit, and insurance. |
|
|
|
I've found this in the whitepaper: "Biometrics EverID uses biometry, or the specific unique physical or behavioral characteristics of individuals, to identify users.
By recording biometric characteristics into EverID, the system is able to identify specific individuals and ensure that each user has one and only one EverID record, preventing Sybil attacks. "
can someone elaborate how this biometry will be implemented? what will be used?
It utilizes biometric identity and an immutable ledger that allows the seamless exchange of value between governments, banks, NGOs, insurance companies, hospitals, and other organizations. It reduces fraud and leakage. It makes identity verification at scale more cost-effective than ever before. |
|
|
|
How much tokens will be reserved for a team and advisors?
EverID will fund the non-profit Identity Network foundation that will oversee el- ements of the shared systems in the EverID Supernodes. If $10M USD is raised from the initial token sale then 5% will be allocated to establish the Identity Net- Identity network stewarded work foundation and forbeyvaeNryoUn-SpDro$fi1t f.0ou0nadbaotivoen$10M, 2% will be allocated to the Identity Network foundation. The governance of the Identity Network foundation will be to safeguard the inde- pendence, and transparency of the network so that it exists for humanity forever. Management Portal to EverID will donate a percentage of capital raise per the above, plus a percentage Self deliver soverign of identity verification earningsIDoDnB an on-going basis, thus creating a self-funding, autonomous network. Im not sure i understand this,can you just write the number or %? There will be a maximum of 800,000,000 Tokens issued: - 38.0% Seed, Pre-sale and Bounty (0.875%) - 37.5% Team Members, Founders, Board Members, and Advisors - 24.5% Reserve for community and ecosystem development Can you explain Seed part? 38.0% of IDs will be allocated to these rounds of financing raising roughly USD $20M (including 7,000,000 IDs for the Bounty campaign). - EverID is raising up to $2m in Seed funding to support its first months of operation (including reaching its pre-sale, beta version of the EverID stack, and growing strategic partnerships) by selling IDs at a discount of up to 50% the targeted pre-sale price. Part of the Seed fund will be used in the project for product development, intellectual property protection, product integration and customization for trials, personnel, travel, and general business expenses. - The pre-sale rounds are intended to be used to raise proceeds for EverID to set up its infrastructure, build its network, contract with vendors, service providers and strategic partners, and issue its tokens in the pre-sale. The anticipated use of funds is as follows: customer acquisition, infrastructure costs, engineering and integrations, regional rollouts, sales and marketing, as well as legal licensing and operations.The proceeds will be used to expand the network and network applications. |
|
|
|
I heard that trading is limited to middle east only, Is that true?
Middle East is initial target market due to team's exposure and experience yet the platform is open to all regions |
|
|
|
I would like to join your bounty campaign,but im not sure about KYC,is it required in order to get bounty tokens?
Yes, KYC will be done before token distribution. Please join our bounty program and leave your bounty related questions here: https://bitcointalk.org/index.php?topic=4782378Our bounty managers are willing to help. |
|
|
|
How much tokens will be reserved for a team and advisors?
EverID will fund the non-profit Identity Network foundation that will oversee el- ements of the shared systems in the EverID Supernodes. If $10M USD is raised from the initial token sale then 5% will be allocated to establish the Identity Net- Identity network stewarded work foundation and forbeyvaeNryoUn-SpDro$fi1t f.0ou0nadbaotivoen$10M, 2% will be allocated to the Identity Network foundation. The governance of the Identity Network foundation will be to safeguard the inde- pendence, and transparency of the network so that it exists for humanity forever. Management Portal to EverID will donate a percentage of capital raise per the above, plus a percentage Self deliver soverign of identity verification earningsIDoDnB an on-going basis, thus creating a self-funding, autonomous network. Im not sure i understand this,can you just write the number or %? There will be a maximum of 800,000,000 Tokens issued: - 38.0% Seed, Pre-sale and Bounty (0.875%) - 37.5% Team Members, Founders, Board Members, and Advisors - 24.5% Reserve for community and ecosystem development |
|
|
|
How you plan to attract people using your exchange?
We will give focus on marketing and we have a referral program which would get more users to use the platform. Our Marketing plan is to employ regional experience by directing localized unique digital marketing content via the most optimized channels as well as focusing on education in Arabic as simple yet effective content delivery is few and far between today. Our appreciation of Arabic high context societies will contribute heavily in our mission to create a significant engaged community which forms the backbone of any crypto related product, project or venture. Know more about our referral program: https://medium.com/@cryptosouk/the-cryptosouk-referrals-program-a2fa8aa40fcd |
|
|
|
Will crypto.souk have some charity events soon?
What kind of charities are we talking about, like donating to some charity from earnings or? Can you please clarify? |
|
|
|
|
Show Posts
