What is Soku Swap?

 

What is Soku Swap?

What is Soku Swap?

Soku Swap is a decentralized exchange (DEX) hosted on the Ethereum Network and the Binance Smart Chain. DEX uses automated market maker smart contracts to create a liquidity pool from ERC-20 tokens and BEP-20 tokens. Its features allow users to trade using an algorithm versus the order book used on conventional exchanges.

The platform is designed to be easy to use, support privacy, lower fuel costs. Soku Swap is designed for traders and performs very well as any other smart contract component that requires guaranteed on-chain liquidity.

How does it work?

This allows users to trade using an algorithm versus the order book used on conventional exchanges. The price is determined using the formula x * y = k (x token x coins and y token coins y, and always maintains the invariance that x ∗ y = k for some k constant), and this ensures the reserve remains in relative balance. Soku Swap reserves are pooled among the liquidity providers who supply the exchange with tokens in exchange for a portion of the transaction fees. Soku Swap uses registry contracts to facilitate exchange between different currencies. The system mechanics ensure trading between cryptocurrencies is based on their relative supply.

Soku Swap Features:

1. More Ways to Earn

Soku Swap offers many ways for users to earn money. From providing liquidity to trading or taking advantage of abitrage using flash loans. Imagine making arbitrage trades with Pancake Swap or Uniswap for Millions of Dollars using our coins in our easy to use Flash Loan System.

2. Not Just a Trader Here, You're More Like an Owner

With SOKU, our governance token, you can help decide the future of the exchange. And if you make a few trades each week you'll also get a small portion of the trading volume. The more the exchange grows, the more your payments grow. Plus you get to make decisions about what services should come first. If you stash enough of those SOKU, we might have to get you a parking spot with your name on it.

3. Two Networks, One Exchange

On Soku Swap, you can make trades on the Ethereum Network and the Binance Smart Chain. Ethereum being the largest decentralized network in the world of blockchain, it's impossible to run an exchange without using it. But along with size comes other problems. Binance Smart Chain came along recently and helped alleviate those issues. With faster trades and lower fees, Binance is definitely one to watch out for. We feel that they are both important and want to make sure our users have the options to make their trades wherever they'd like.

4. Crypto Classes Are My Favorite!!

Have you ever had to try to explain crypto to somebody? I'm sure you have, we all have. We know it's a headache but we try to educate the people we know because we care about them. Well imagine if you could send them a link to some free crypto classes, and the more classes they do the more you both earn. And don't worry, we'll keep them short and fun. We want to make learning easy and profitable for everybody.

5. Suko Swap Live Onscreen Chat

What's the one thing people really hate about crypto exchanges? Is it the major lack of customer service? I know that was one of our teams major complaints. So we decided to fix that. We're going to have live chat 24 hours a day to make sure that you never have a question that you can't get answered. No matter where in the world you might be, there will be someone one click away to help if you ever need.

6. No KYC = Privacy

Centralized exchanges require all customers to fill out forms identifying themselves. You need to provide your name, date of birth, Social Security, blood type, dna sample, etc, etc. You get my drift. Crypto was born to be a decentralized currency that couldn’t be controlled and monitored. With the freedom of the DEX, you just need to connect your wallet and make your trades.

What is a Decentralized Exchange (DEX)?

A decentralized exchange is a type of cryptocurrency exchange that allows direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for intermediaries.

In centralized crypto exchanges, most of the control over your account remains with the third party running the exchange. On the other hand, with decentralized exchanges, all account control remains with you

The advantages of DEX

  • No KYC - KYC / AML compliance is the norm on many exchanges. For regulatory reasons, individuals must frequently submit identity documentation and proof of address. This is a privacy issue for some and an accessibility issue for others.
  • What if you don't have valid documents? What if the information gets leaked? Since DEX is unlicensed, no one checks your identity. All you need is a cryptocurrency wallet.
  • No Counterparty Risks - The main attraction of decentralized cryptocurrency exchanges is that they don't hold customer funds.
  • Unlisted Tokens - Tokens that are not listed on a centralized exchange can still be traded freely on DEX, provided there is supply and demand

What are SOKU Tokens?

SOKU is a governance token that allows holders to vote on upcoming upgrades. Soku Swap is a decentralized exchange made for the people, run by the people, and governed by the people. You will have the ability to choose what changes / improvements you think we should make first.

Tokonomics

Tokonomics

  • Name: Soku
  • Base price: $ 0.88
  • Blockchain: BSC
  • Total Token Supply: 222,222,222
  • Symbol: SOKU
  • Total tokens available for Sale: 111,111,111
  • Type: BEP-20
  • Purchase methods: BNB, ETH, BTC, USDT
  • Softcap: 100,000 SOKU
  • Hardcap: 1,000,000

Token Distribution Allocation of Funds


Roadmap

Conclusion

Once again, the Soku Swap stage was planned for sellers and performed very well as part of another clever advantage that required guarantees of on-chain liquidity. With a representative arrangement a few days in advance, this is the ideal opportunity to take part and get the amazing prizes that Soku Swap needs to bring to the table. It's surprising how the Soku Swap group has stayed up-to-date on the progress of their venture, which makes them more reliable overall. It is possible that early adopters will garner huge profits, and it may be you.

Detailed Information:


About the Author:

Bitcointalk Username: jamaah45

Telegram Username: @jamaah

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2502762

BEP-20 wallet address: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B

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