Exchange on Two Network with Soku Swap

You probably know the drill with cryptocurrency exchanges. Sign up with your email, come up with a strong password, verify your account, and start trading cryptocurrency.

Decentralized exchanges are like that, minus the hassle of sign-ups. In most cases, there’s no depositing or withdrawing crypto. The trade happens directly between two users’ wallets, with limited (if any!) input from a third party.

What Is a Decentralized Exchange (DEX)?

Decentralized exchanges are a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.

In a centralized crypto exchange, most of the control over your account remains in the hands of the third party which runs the exchange. On the other hand, with a decentralized exchange, all the control of the account remains with you

Pros of DEXs

No KYC - KYC/AML compliance is the norm for many exchanges. For regulatory reasons, individuals must often submit identity documentation and proof of address. This is a privacy concern for some and an accessibility concern for others. What if you don’t have valid documents on hand? What if the information is somehow leaked? Since DEXs are permissionless, no one checks your identity. All you need is a cryptocurrency wallet.

No Counterparty Risk - The primary appeal of decentralized cryptocurrency exchanges is that they don’t hold customers’ funds.

Unlisted Tokens - Tokens that aren’t listed on centralized exchanges can still be traded freely on DEXs, provided there’s supply and demand.

What is Soku Swap?

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

The platform is designed to be easy to use, support privacy, lower gas fees. Soku Swap is designed for traders and performs exceptionally well as a component of other smart contracts that require guaranteed on-chain liquidity.

How Does it Work?

This allows users to trade using an algorithm versus an order book used on conventional exchanges. Prices are determined using the formula x*y=k(x coins of token X and y coins of token Y, and always maintains the invariant that x∗y=k for some constant k), and this ensures reserves stay in relative equilibrium. Soku Swap reserves are pooled among liquidity providers who supply the exchange with tokens in exchange for a share of the transaction fee. Soku Swap is its utilizes registry contracts to facilitate exchange between different currencies. The system mechanics ensure trades between cryptocurrencies are based on their relative supply.

Features Of Soku Swap

More way to Earn: Soku Swap offers many ways for users to earn money. From providing liquidity to trading or taking advantage of arbitrage 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.

Governance: 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.

Two Networks, One Exchange: On Soku Swap, you can make trades on the Ethereum Network and the Binance Smart Chain. Ethereum is 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 option to make their trades wherever they'd like.

Crypto Classes: 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.

No KYC: 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 SOKU Token?

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

Roadmap for soku swap

Project information

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

AUTHOR INFO

Bitcointalk username: bibie16

BTT profile: https://bitcointalk.org/index.php?action=profile;u=1816840

BEP-20 Wallet Address: 0xd380cC18762eC84E4D9F9bb258E59B8bEb2E5DA5