Introduction
Crypto Souk is a Digital Asset Exchange platform for traders of every kind of skill level to make digital currency trading accessible to everyone. The aim of this project is to provide fast trading execution in a secure way. They are bringing long term foreign exchange operations, trading, market making experience to create more efficient liquidity solutions for financial exchange ecosystem where new entrants need not have expertise. They are offering trades in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero initially. This coin offerings will help them to acquire new customers for the exchange.
Problem
The problem is where buying, selling, holding and trading cryptocurrency is not an easy task. There are various decentralized exchange ideas is being already developed into the market but some of them lacking in liquidity and market making. In Cryptocurrency market, traders and investors are looking for a high customer service where they find they get their expectations of participating in financial markets. There are local people who find difficult to speak other languages and understand their services.
Solution
Crypto Souk is come up with the solution by providing a single platform where everyone has access to trade financial assets easily, fast and in secure way. Through their expert team, they have chosen partners to help them to deliver a fast trading experience to customers. For this they are providing secure trading and make funding or redeeming fiat in inexpensive and easy way. They are offering multi-language platform to understand the services to customers through their regional languages.
They are offering a referral program where each user having an account on their exchange platform with unique referral code which can be shared with others. Users get 50% of the transaction fee, if an another user sign-up using their referral code.
The Team
David Dubrulle – CEO – He’s an Entrepreneur with 20 years of experience across Europe and The Middle East. He’s having expertise in various fields like Investment Banking, Corporate Finance, Investment Advisory, Equity/Debt Capital Market etc. He has created 4 companies in fields of Brokerage, Logistics, Financial Advisory and Real Estate.
Gene Hoffman – Co-Founder – He’s a former CEO of NASDAQ. Currently, serves as an advisor to Chia Network and as a board member and interim CTO for AEToken.io. He’s having experience in Finance, Software Development and Cryptocurrency market.
Richard D’Souza – Operation Manager – Currently, he’s a Head of Operations with JM Financial Brokerage Services Co. Kuwait. He’s having 10 years of experience as Operation Manager in Top Financial Services Companies in Kuwait.
Token Matrix
Token – Souk
Total Supply – 52 Million Souk
Price – $0.50 USD
Soft Cap – $1M USD
Hard Cap – $11M USD
Pre-Sale Start – 9th July 2018
Crowd Sale Start – 22nd August 2018
Social Media Reach
Facebook – 640+ Followers – https://www.facebook.com/CryptoSouk.io
Twitter – 6440+ Followers – https://twitter.com/CryptoSouk
Telegram – 6695+ Members – https://t.me/cryptosouk_community_en
Verdict
The Social Media hype is good, but they are very much active on their Telegram Group.
The Website and Whitepaper both explained in detail which is easy to understand this project.
There are 4 core members in a leadership team who are having experience and expertise in Wealth Management, Finance, Operations, Logistics and Real Estate. They are lacking in Blockchain experience.
They have 5 advisors on board who are having expertise in Finance, Banking, Blockchain Technology, Wealth Management, ICO Advisor and Marketing. They are already holding a position of CEO and Founder of leading companies such as MaZee and ZenCash.
The Roadmap is not mention in detail where they have their milestones till Q1 2019 and the token sale will be launch in July 2018. They have their MVP as a Beta version in the market.
For Detailed Information
Website – https://cryptosouk.io/en/ico
Whitepaper – https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4515317
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392