CryptoSouk Exchange ICO Review

CryptoSouk Exchange ICO Review

Cryptocurrency exchange or digital currency exchange allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform. These exchanges allow consumers buy, sell, and trade cryptocurrencies, whether through fiat currency like dollars, euros, or yen, or another cryptocurrency like bitcoin or ether. Less common cryptocurrencies, called altcoins, often must be traded against bitcoin. There are more than 1,600 cryptocurrencies in circulation today, with a combined market cap of over $289 billion, according to coinMarketCap data. Investors around the world are eager to trade this rapidly growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies.

The problem

There is a whole lot of complexity in cryptocurrency transactions, although the advent of new decentralized exchanges being developed gives hope in this regard. The new ideas in decentralized exchange have not solved the problem of liquidity and market making. Investors in the Middle East in particular are eager to have partners they can trade with easily and meet their expectations of taking part in the financial market. What is needed is an ecosystem that makes customers feel at home by having local people in the region that can be reached out to, easily and who speak the local language and understand the custom of the region.

The solution with CryptoSouk

CryptoSouk is a cryptocurrency trading platform that will support cryptos such as Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The strategy here is to consistently add to the list of cryptos it supports and allow for account loading by cryptocurrency or fiat payments. This dream looks big but when you look at the team of experts behind the project, you are then assured of success. The reason for bringing a number of experts is to deliver on both the exchange platform, liquidity and their exchange and providing funding alternatives.

The project is of a regional target – the Middle East and hence the adoption of a marketing plan that employs regional experience by directing localized one-of-its-kind digital marketing content through most optimized channels and also paying attention to education in Arabic. Simple, you may say and yet have the chances for effective content delivery. Being familiar with the Arabic high context societies is an immense asset by itself and a contributing factor for success.

There is a referral program which is meant to spur exponential growth, as it targets the interest of clients and influencers. Clients will be able to use their friends and influencers will propagate it through their very popular social media accounts. How it works? For every user there is an account on CryptoSouk.Exchange giving them a personalized referral code that can be shared with others. Immediately another user signs up using the said code, the original owner or referee will be entitled to 50% of the fee to be paid for the transaction by their referral for a whole year. The platform does have a token which will be used to reward supporters and buyers will be given discount on trading fees and sundry costs provided they are paid in SOUK tokens.

Useful Link:           Website | Whitepaper | ANN Thread

Author Detail:

Profile Link:      OrangeSeller
ETH Address:   0x1461C3727dC461EfF7B32751dFf56c51c2218d5E

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