Overview:
CryptoSouk is a digital asset trading platform which will enable everyone to access the cryptocurrency trading. Most of the traders and investors are looking for a trading platform which will provide them higher customer service. CryptoSouk has identified this need and developed a platform which will offer trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero initially. Many useful features are also integrated in this platform to provide higher level of customer service to the traders and the investors. SOUK is the utility token of this platform. This token will be used to give rewards to the early adopters and also for giving discounts on transaction fees.
Problem and Solution:
Trading, buying and selling cryptocurrency is a complex process and the decentralized exchanges present today face problems of liquidity. Traders and investors are seeking a platform which can be easier to use also match their expectation.
CryptoSouk has come out with a solution by developing a cryptocurrency trading platform. The exchange platform will start from quarter 3 of 2018 and will initially include Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero as trading pairs. The account loading can be either done by fiat or cryptocurrency on this platform.
Features:
• Multiple Trade Views: This platform will provide multiple trade views which will include price charts, depth charts, order book, trade ticker etc.
• Plenty of Indicators: Number of indicators will be available to enhance the customer service. Indicators like linear regression curve, moving averages, oscillators etc will be available on the platform.
• Interactive UI: This will help to enhance the touch point by allowing traders and investors to customize colour and style of bars, borders, wicks, price lines, backgrounds and grids.
Referral System:
This project has a rewarding referral system. If a user sends his/her referral code to other users then at the time of log in when these other users enters the referral code, 50% of transaction fees of the referee will be credited to the user whose referral code was used for one year.
Team:
DAVID DUBRULLE - CO-FOUNDER CEO
David is an entrepreneur with 20 years of experience across Europe and the Middle East. Areas of expertise include: Investment Banking, Corporate Finance, Investment Advisory, Equity/Debt Capital Markets, securitization and collective investment schemes.
GENE HOFFMAN - CO-FOUNDER, MEMBER BOARD OF DIRECTORS
Mr. Hoffman is a serial entrepreneur and former NASDAQ CEO. He has been a board member at eight different technology and energy companies, and served as a liquidation committee chairman and as chairman at his most recent company. He has 21 years of working in high compliance environments with 12 years of managing PCI and SSAE-16 compliance for the storage of 220,000,000 credit cards.
RICHARD D’SOUZA - OPERATIONS MANAGER
Richard is currently Head of Operations with JM Financial Brokerage Services Co. Kuwait. Richard is no stranger to Forex, Futures & CFD’s market having spent 10 years as Operations Manager with one of the top Financial Services Companies in Kuwait. He has accumulated a total of 21 years’ experience within Dealing Room/Operations.
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
Verdict:
• The team members behind this project has experience in banking, finance, operations, equity/debt capital markets etc.
• There are 5 advisors for this project having different backgrounds such as cryptocurrency, blockchain, ICO, marketing etc.
• The beta version of the exchange platform is available on their website.
• The social media hype of this project is good. It has around 6000 members on Telegram and around 6000 followers on Twitter.
• The whitepaper of this project is very short and not much information is provided about the project.
• Information about their partnership is not clearly mentioned in their whitepaper.
• Roadmap of this project does not contain detailed information about the events.
Website: https://cryptosouk.io/
Whitepaper: https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf
Telegram: https://t.me/cryptosouk_community_en
Twitter: https://twitter.com/CryptoSouk
ANN Thread: https://bitcointalk.org/index.php?topic=4515317
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c