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Author Topic: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰  (Read 29673 times)
johnmiles
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July 31, 2018, 03:42:14 PM
 #741

I think Cryptosouk has managed to solve the problem that faces many exchanges - targeting a large number of users.
Even the name of the company corresponds to this direction. After all, the word "souk" means something like a market, or a bazaar in Arabic. It emphasizes ease of use and availability.
We wish them the best of luck in realizing their grandiose plans.

Thats tru,eeven though there are many exchanges,there is still room for something good,something different.And hopefully Cryptosouk can be that one
Sarma
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July 31, 2018, 04:29:56 PM
 #742

Will people from USA and China be able to participate in the sale?
MaZeeCM
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July 31, 2018, 08:18:29 PM
 #743

Will people from USA and China be able to participate in the sale?

It is a live product with price feed and all but the execution is demo environment. Meaning, all accounts can trade if funds are added but us yet no deposits/withdrawal options are enabled for both crypto and fiat.
For the demo plattform there is no kyc yet and the kyc for sale, is yet to come.
chungaLunga
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July 31, 2018, 08:35:09 PM
 #744

I think Cryptosouk has managed to solve the problem that faces many exchanges - targeting a large number of users.
Even the name of the company corresponds to this direction. After all, the word "souk" means something like a market, or a bazaar in Arabic. It emphasizes ease of use and availability.
We wish them the best of luck in realizing their grandiose plans.

Thats tru,eeven though there are many exchanges,there is still room for something good,something different.And hopefully Cryptosouk can be that one

I'm sure that Souk will come up with something new and fresh.
jamesmarkx
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July 31, 2018, 08:39:19 PM
 #745

dont see much innovation in the product , seems like similar concept the paid pump group use on top of that its an ico so another red flag for me, 85% ico died this year and the remaining ones are still struggling
babyBaba
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July 31, 2018, 08:42:31 PM
 #746

Will people from USA and China be able to participate in the sale?

It is a live product with price feed and all but the execution is demo environment. Meaning, all accounts can trade if funds are added but us yet no deposits/withdrawal options are enabled for both crypto and fiat.
For the demo plattform there is no kyc yet and the kyc for sale, is yet to come.

That is an interesting way to go.
djimiHendrix
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July 31, 2018, 08:59:42 PM
 #747

Do you plan to have USDT or you will avoid USDT?
It's not part of the coins and pairs offered on launch and has not been mentioned anywhere. There will be no speculation coming from the team about future offers.

What will be the minimum to participate in the next sale round?
100 SOUK

Since minimum is 100 SOUK,whats the price per 1 SOUK?


For our Pre-Sale:
$0.375 per 1 Souk
25% Discount

For our Main Sale:
$0.5 per 1 Souk


So SOUK is not pegged to ETH,it has fixed USD price?

Fixed USD price of $0.50/souk until released and tradable.
For the token sale,  at the time of purchase, the calculator will show how many ETH or SOUK applies. This shall depend on the prevailing ETH/USD conversion rate.

Hm that is an interesting mechanism.
SamEmpori
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July 31, 2018, 09:09:00 PM
 #748

dont see much innovation in the product , seems like similar concept the paid pump group use on top of that its an ico so another red flag for me, 85% ico died this year and the remaining ones are still struggling
This is unfounded FUD. CryptoSouk is an easy to use, low barrier and high functionality exchange platform. Not many of those exist in this environment.
Furthermore the team is build on a group of experienced and skilled individuals. Without doing your research for you I'll inform you they have a lot of knowledge with finance management. You're welcome to be sceptical but DYOR.
SamEmpori
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July 31, 2018, 10:39:05 PM
 #749

İs this project need KYC.  İt look like good project ı want to join.  And  Sorry ı couldnt check all comments
Yes, KYC will be required.
Kavorka
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August 01, 2018, 07:04:03 AM
 #750

What is the minimum amount needed to invest in order to join the sale?
Licimur
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August 01, 2018, 07:24:12 AM
 #751

İs this project need KYC.  İt look like good project ı want to join.  And  Sorry ı couldnt check all comments
Yes, KYC will be required.

Who is doing KYC,you hired someone to do it for you,or you are doing it internally?
MaZeeCM
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August 01, 2018, 07:25:30 AM
 #752

What is the minimum amount needed to invest in order to join the sale?

The minimum is 100 SOUK.Please register on CryptoSouk website on this link. Thank you.

https://cryptosouk.io/ico
MaZeeCM
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August 01, 2018, 07:27:49 AM
 #753

İs this project need KYC.  İt look like good project ı want to join.  And  Sorry ı couldnt check all comments
Yes, KYC will be required.

Who is doing KYC,you hired someone to do it for you,or you are doing it internally?



KYC Policy consists of know your customer procedures where we require a proof of ID (i.e passport) and proof of residence (I.e utility bill) mainly to prove who you say you are. In addition, a screening is done to validate authenticity of the documents while running them through our database to screen for any unwanted associations such as money laundering activities which could be linked to drugs or terrorism financing.
This usually occurs when US dollars or euros deposits and withdrawals are  involved.
As of now, we are finalizing cryptosouk’s kyc policies as regulation and access to information continue to evolve and as such logic needs to be applied to balance rules and reality.
blockchain-man
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August 01, 2018, 07:38:03 AM
 #754

CRYPTOSOUK is a fast, secure, and economical digital currency exchange. A good coin, I think the team needs a solution so that it can expand the world. Will the team intend to expand beyond the Middle East? Do you have a special reason?


As soon as they establish on the middle east I believe they will start expanding.

I agree! Middle East is the first favorable area for development projects. I am skeptical about the expansion of the project as a roadmap that the founders have planned. So, I want to know, then did the team develop the project to other regions around the world?
MaZeeCM
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August 01, 2018, 07:59:34 AM
 #755

CRYPTOSOUK is a fast, secure, and economical digital currency exchange. A good coin, I think the team needs a solution so that it can expand the world. Will the team intend to expand beyond the Middle East? Do you have a special reason?


As soon as they establish on the middle east I believe they will start expanding.

I agree! Middle East is the first favorable area for development projects. I am skeptical about the expansion of the project as a roadmap that the founders have planned. So, I want to know, then did the team develop the project to other regions around the world?
CryptoSouk team believes that there is a unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language.
Please read the Whitepaper for more info about the project on this link. Thank you.

https://cryptosouk.io/user/themes/custom-theme/pdf/whitepaper_v2.pdf
masterCookie
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August 01, 2018, 08:20:36 AM
 #756

I really like how this project is playing out. Good job team!
unchained5498
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August 01, 2018, 08:37:27 AM
 #757

İs this project need KYC.  İt look like good project ı want to join.  And  Sorry ı couldnt check all comments
Yes, KYC will be required.

Who is doing KYC,you hired someone to do it for you,or you are doing it internally?



KYC Policy consists of know your customer procedures where we require a proof of ID (i.e passport) and proof of residence (I.e utility bill) mainly to prove who you say you are. In addition, a screening is done to validate authenticity of the documents while running them through our database to screen for any unwanted associations such as money laundering activities which could be linked to drugs or terrorism financing.
This usually occurs when US dollars or euros deposits and withdrawals are  involved.
As of now, we are finalizing cryptosouk’s kyc policies as regulation and access to information continue to evolve and as such logic needs to be applied to balance rules and reality.

So you didn't gather a team for KYC yet?
katexuanzhuan
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August 01, 2018, 02:07:56 PM
 #758

Good luck on this project...how do we see the progress of funds collected on the site? cant see anything at the moment
Hoping the bounty campaign will be announced shortly. Can't wait to promote this project!
MaZeeCM
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August 01, 2018, 03:58:25 PM
 #759

İs this project need KYC.  İt look like good project ı want to join.  And  Sorry ı couldnt check all comments
Yes, KYC will be required.

Who is doing KYC,you hired someone to do it for you,or you are doing it internally?



KYC Policy consists of know your customer procedures where we require a proof of ID (i.e passport) and proof of residence (I.e utility bill) mainly to prove who you say you are. In addition, a screening is done to validate authenticity of the documents while running them through our database to screen for any unwanted associations such as money laundering activities which could be linked to drugs or terrorism financing.
This usually occurs when US dollars or euros deposits and withdrawals are  involved.
As of now, we are finalizing cryptosouk’s kyc policies as regulation and access to information continue to evolve and as such logic needs to be applied to balance rules and reality.

So you didn't gather a team for KYC yet?


I believe that the core team has its own team for KYC, internally. The teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and friction-less user experience.

Best Regards,

MaZeeCM
MaZeeCM
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August 01, 2018, 04:00:33 PM
 #760

Good luck on this project...how do we see the progress of funds collected on the site? cant see anything at the moment
Hoping the bounty campaign will be announced shortly. Can't wait to promote this project!

Hi, thanks a lot for your support! We have a Token raised bar on the official website: https://cryptosouk.io/en/ico

Best Regards,

MaZeeCM
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