Soku Swap- A decentralized exchange (DEX) hosted on Ethereum Network and the Binance Smart Chain

You’re undoubtedly familiar with bitcoin exchanges. Sign up using your email address, create a secure password, validate your account, and begin trading cryptocurrencies.

Decentralized exchanges are similar, but without the burden of sign-ups. In most circumstances, there is no way to deposit or withdraw cryptocurrency. The transaction takes place directly between the wallets of two users, with little (if any!) influence from a third party.

What Is a DEX (Decentralized Exchange)?

Decentralized exchanges are a sort of cryptocurrency exchange that enables direct peer-to-peer cryptocurrency transactions to occur online safely and without the need for a middleman.

In a centralized crypto exchange, the third party that manages the exchange retains the majority of authority over your account. In contrast, with a decentralized exchange, you retain complete control over the account.

Pros of DEXs

  • No KYC — Many exchanges need KYC/AML compliance. Individuals are frequently required to present identification verification and proof of address for regulatory purposes. Some people are concerned about their privacy, while others are concerned about their accessibility. What if you don’t have any proper documents? What if the information is accidentally leaked? No one checks your identification since DEXs are permissionless. You only need a Bitcoin wallet.
  • No Counterparty Risk — One of the key benefits of decentralized cryptocurrency exchanges is that they do not store consumer funds.
  • Unlisted Tokens — Tokens that are not listed on centralized exchanges can still be exchanged freely on DEXs as long as supply and demand exist.

What exactly is Soku Swap?

Soku Swap is a decentralized exchange (DEX) that is powered by the Ethereum Network and the Binance Smart Chain. The DEX creates liquidity pools of both ERC-20 and BEP-20 tokens using automated market maker smart contracts. The features enable customers to trade using an algorithm rather than an order book, as is common on traditional exchanges.

The platform is intended to be simple to use, to promote privacy, and to save gas costs. Soku Swap is intended for traders and operates admirably as a component of other smart contracts that require assured on-chain liquidity.

How Does It Operate?

This enables customers to trade using an algorithm rather than the order book used on traditional exchanges. Prices are calculated using the formula x*y=k (x coins of token X and y coins of token Y, and always preserves the invariant that xy=k for any constant k), which guarantees reserves remain in relative balance. Soku Swap reserves are pooled among liquidity providers that contribute tokens to the exchange in exchange for a portion of the transaction cost. Soku Swap is a platform that uses registry contracts to allow currency conversion. The system mechanisms guarantee that cryptocurrency trades are based on relative supply.

Features

  • More way to Earn:

Soku Swap provides several opportunities for users to make money. From supplying liquidity to trading or taking advantage of arbitrage opportunities through the use of flash loans. Imagine winning millions of dollars in arbitrage transactions using Pancake Swap or Uniswap utilizing our currencies in our simple Flash Loan System.

  • Governance:

With SOKU, our governance token, you can help shape the exchange’s future. You’ll also receive a tiny part of the trading volume if you make a few deals each week. The greater the growth of the exchange, the greater the growth of your payments. You also get to choose which services should be prioritized. If you hoard enough SOKU, we may have to provide you a parking space with your name on it.

  • Two Networks, One Exchange:

Soku Swap allows you to trade on the Ethereum Network as well as the Binance Smart Chain. Ethereum is the world’s largest decentralized network, and it’s impossible to run an exchange without it. But, with size, comes a slew of additional issues. Binance Smart Chain recently appeared and helped to relieve such concerns. Binance is a company to keep an eye on because of its speedier trades and reduced costs. We believe they are both vital and want to ensure that our users have the flexibility to conduct their transactions anywhere they wish.

  • Crypto Classes:

Have you ever tried to explain crypto to someone? I’m sure you have, as have we all. We realize it’s a pain, but we’re doing our best to educate the individuals we know because we care about them. Imagine if you could offer them a link to some free cryptocurrency lessons, and the more lessons they complete, the more money you both get. And don’t worry, we’ll keep them brief and entertaining. We strive to make learning simple and rewarding for everyone.

  • No KYC:

All clients must fill out paperwork identifying themselves in centralized exchanges. You must supply your name, date of birth, Social Security number, blood type, DNA sample, and so forth. You get the idea. Cryptocurrency was created to be a decentralized currency that could not be controlled or monitored. With the DEX’s independence, all you have to do is link your wallet and make your transactions.

SOKU Token

SOKU is a governance token that enables holders to vote on future improvements. Soku Swap is a decentralized exchange created for, run by, and governed by the people. You’ll be able to vote on the changes/upgrades you believe should come first.

Tokenomics

  • 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 and USDT
  • Softcap: 100,000 SOKU
  • Hardcap: 1,000,000

Token Distribution

Roadmap

More Info:

Website: https://www.sokuswap.finance
Discord: https://discord.gg/DgNnfGWbd4
Facebook: https://facebook.com/Soku-Swap-102896308602496
ANN: https://bitcointalk.org/index.php?topic=5327040.0
Youtube: https://www.youtube.com/channel/UCdJFtg_BmXHhPeCJVgoqF3A
Medium : https://sokuswap.medium.com
Twitter: https://twitter.com/SokuSwap
Telegram: https : //t.me/sokuswap

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Author

BTT Username: Cryptolakshi
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2813018

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Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

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