💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰

[MaZeeCM]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

Isn't it too much to burn that many tokens?

Hi, I understand your concern. But, it's the company's discretion to Re-Acquire it too, or to just burn it all. Thanks!

Best Regards,

MaZeeCM

[1715377567]

1715377567

[1715377567]

1715377567

[1715377567]

1715377567

[1715377567]

1715377567

[midjimidji]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

What does it mean that in future SOAK will be tradable? What will be the influence?

[Shayesmiles]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

[EmNg]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

What does it mean that in future SOAK will be tradable? What will be the influence?

Souk will also be available on exchanges like every other token when the time comes...

Best regards
Em Ng
Mazee

[EmNg]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

[buraz]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away 

[Licimur]

I read recently that Bancor exchange was hacked.How you plan to protect your users?

We will be using the following for security and technology of our platform:

Our technology is oriented towards simplicity, security, and reliability to support a rich array of features.
Top of the line trading UI - CryptoSouk is a premier trading and financial technology company. We’ve
built the best digital asset exchange by focusing on the needs of professional traders and digital
currency experts. We are dedicated to making digital currency trading accessible, fast and totally
secure.
• Enterprise matching engine with execution ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems

Its great to see that you are really thinking about the security!

[Crazy_Heart]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

[Avdogado]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

This will all be possible on Cryptosouk exchange, he mean't will we be able to trade souk on other exchanges I think.

[BoycieBuahaha]

I read recently that Bancor exchange was hacked.How you plan to protect your users?

We will be using the following for security and technology of our platform:

Our technology is oriented towards simplicity, security, and reliability to support a rich array of features.
Top of the line trading UI - CryptoSouk is a premier trading and financial technology company. We’ve
built the best digital asset exchange by focusing on the needs of professional traders and digital
currency experts. We are dedicated to making digital currency trading accessible, fast and totally
secure.
• Enterprise matching engine with execution ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems

This answer was focused more towards features of the exchange, can you elaborate more on security?

[Sengjen]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

So it is still possible to get that bonus for testing, that is awesome , didn't know about it

[Beltalowda]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

[innerDemon]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

So if I understand correctly, extra tokens are burned and the after that the following coins are generate through mining?

[not4mike]

Is it going to be possible to trade SOUK on other exchanges?

In the future, Souk can be tradable but generally its a utility token. We will provide more details on that in the future.

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 52
million tokens originally issued.

Isn't it too much to burn that many tokens?

That's usually the best way to protect the value of sold tokens

There are projects that burned much more coins then this amount here.

So if I understand correctly, extra tokens are burned and the after that the following coins are generate through mining?

Actually, no!   Nothing is certain until it's certain!  

Meaning the TOKENS WILL BE UTILIZED IN THREE PRIMARY WAYS according to the details above, including the reasons behind it, if and when the company decides, at its option or sole discretion on whether to exercise them or not later.

[james7854]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away 

Me too. its great to have an option to try demo before it goes into production.

[sexymadafaka]

Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?

There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn...
https://cryptosouk.exchange

Best Regards
Em Ng
Mazee

Wow this great! Will check it right away 

Me too. its great to have an option to try demo before it goes into production.

Demo should certanly be a must have in crypto today.

[Ajutokintumi]

Can you please share token metrics,and token allocation?

[NoMoreTears]

Which currencies do you accept? I presume ETH and BTC, any other currency?Maybe Fiat?

[EmNg]

Can you please share token metrics,and token allocation?

https://cryptosouk.io/en/ico

Please visit that link to learn information about token metric

Also join  the telegram Channel  @cryptosouk_community_en
https://t.me/cryptosouk_community_en

Best Regards
Em Ng
Mazee

[EmNg]

Which currencies do you accept? I presume ETH and BTC, any other currency?Maybe Fiat?

Yes that will be on the list

Join telegram channel so you get real time response about project  follow the link to connect with us on telegram
https://t.me/cryptosouk_community_en

Best Regards
Em Ng
Mazee