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

[chungaLunga]

Who is admin on souk telegram group, is it someone from the team or someone hired?

[babyBaba]

Who is admin on souk telegram group, is it someone from the team or someone hired?

Whoever he is, he's very good. Or maybe its a she even, who knows.
Anyway, I think the group is good and has a lot of good info.

[Gwiazdooka]

From what i can see, the sale hasnt started yet,right?

So when can we expect some news regarding that,is it going to happen during Q3?

[FrankDTank]

How much tokens will be kept by the team?Will those be locked?

[unchained5498]

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?

Not all coins are minable. I all depends on a purpuse.

[WhoWuWho]

Who is admin on souk telegram group, is it someone from the team or someone hired?

Whoever he is, he's very good. Or maybe its a she even, who knows.
Anyway, I think the group is good and has a lot of good info.

Yeah, they are very helpful and when they are not sure, they check everything and then give you proper info.

[HulioIglesias]

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.

It basicly means that team will adapt to the needs of the project and situation as it comes.Which is not bad.

[Lightmotiv]

From what i can see, the sale hasnt started yet,right?

So when can we expect some news regarding that,is it going to happen during Q3?

I think that sale will come even before Q3, would be good to get some guesstimate at least.

[Inmytree]

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.

It basicly means that team will adapt to the needs of the project and situation as it comes.Which is not bad.

It is not like they are going to wing it, up there you can see a plan and options for various scenarios, so team is really serious when it comes to planing.

[BigcountryRoy]

Do you think Cryptosouk will be able to be competition to Binance and big exchanges in future?

[not4mike]

From what i can see, the sale hasnt started yet,right?

So when can we expect some news regarding that,is it going to happen during Q3?

I think that sale will come even before Q3, would be good to get some guesstimate at least.

Hi guys!

For more information, you can check out this link: https://medium.com/@cryptosouk/new-pre-sale-launch-date-64f91bc818e3

Cheers!

[not4mike]

Do you think Cryptosouk will be able to be competition to Binance and big exchanges in future?

Anything's possible, of course.

I'm sure that's one of their plans and that is what they intend to achieve eventually.

[not4mike]

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

AFAIK the demo version deposited funds of $1,000 USD are for testing purposes only. It's basically play money to test the platform only and it can't be withdrawn, of course.

For more info, you can check out this link: https://medium.com/@cryptosouk/test-our-exchange-platform-70960e8d6e31

Cheers!

[durzada]

CryptoSouk offers quick trade execution, fair pricing, world-class customer service, endless improvements, and unlimited creativity.

[BoutrosBoutrosGhali]

Will your own token,SOUK ,going to be paired with USD?Or only BTC/ETH

[MaZeeCM]

CryptoSouk offers quick trade execution, fair pricing, world-class customer service, endless improvements, and unlimited creativity.

I would like to add that Crypto Souk is a Digital Asset Exchange platform for traders of every type of skill level to make trading digital currencies accessible to everyone.

[Kutuzov44]

CryptoSouk offers quick trade execution, fair pricing, world-class customer service, endless improvements, and unlimited creativity.

I would like to add that Crypto Souk is a Digital Asset Exchange platform for traders of every type of skill level to make trading digital currencies accessible to everyone.

We definitely need more user friendly exchanges.When you check most popular ones ,they are always user friendly,with nice UI.

[MaZeeCM]

CryptoSouk offers quick trade execution, fair pricing, world-class customer service, endless improvements, and unlimited creativity.

I would like to add that Crypto Souk is a Digital Asset Exchange platform for traders of every type of skill level to make trading digital currencies accessible to everyone.

We definitely need more user friendly exchanges.When you check most popular ones ,they are always user friendly,with nice UI.

You are correct , CryptoSouk has the very user friendly and very nice  UI.
You can visit their website and try their Platform demo version.
https://cryptosouk.exchange/

[MaZeeCM]

Will your own token,SOUK ,going to be paired with USD?Or only BTC/ETH

For now CryptoSouk.Exchange  have the following pairs: USD and BTC vs, BTC, XRP,  ETH, LTC, DASH, Monero, Zeecash.  Total of 13 pairs.

Please visit this link for more updates.
https://t.me/cryptosouk

[Katsouranis]

Untill when you have your bounty campaign going on?