You may know practice with cryptocurrency exchanges. Sign up with your email, create a strong password, verify your account, and start trading cryptocurrencies.
Such a decentralized exchange, without the hassle of registration. In most cases, there are no crypto deposits or withdrawals. Trading takes place directly between the wallets of two users, with limited (if any!) Input from a third party.
What is a Decentralized Exchange (DEX)?
A decentralized exchange is a type of cryptocurrency exchange that allows direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for intermediaries.
In centralized crypto exchanges, most of the control over your account remains with the third party running the exchange. On the other hand, with decentralized exchanges, all account control remains with you
The advantages of DEX
No KYC - KYC / AML compliance is the norm on many exchanges. For regulatory reasons, individuals must frequently submit identity documentation and proof of address. This is a privacy issue for some and an accessibility issue for others.
What if you don't have valid documents? What if the information gets leaked? Since DEX is unlicensed, no one checks your identity. All you need is a cryptocurrency wallet.
No Counterparty Risks - The main attraction of decentralized cryptocurrency exchanges is that they don't hold customer funds.
Unlisted Tokens - Tokens that are not listed on a centralized exchange can still be traded freely on DEX, provided there is supply and demand
What is Soku Swap?
Soku Swap is a decentralized exchange (DEX) hosted on the Ethereum Network and the Binance Smart Chain. DEX uses automated market maker smart contracts to create a liquidity pool from ERC-20 tokens and BEP-20 tokens. Its features allow users to trade using an algorithm versus the order book used on conventional exchanges.
The platform is designed to be easy to use, support privacy, lower fuel costs. Soku Swap is designed for traders and performs very well as any other smart contract component that requires guaranteed on-chain liquidity.
How does it work?
This allows users to trade using an algorithm versus the order book used on conventional exchanges. The price is determined using the formula x * y = k (x token x coins and y token coins y, and always maintains the invariance that x ∗ y = k for some k constant), and this ensures the reserve remains in relative balance. Soku Swap reserves are pooled among the liquidity providers who supply the exchange with tokens in exchange for a portion of the transaction fees. Soku Swap uses registry contracts to facilitate exchange between different currencies. The system mechanics ensure trading between cryptocurrencies is based on their relative supply.
Soku Swap feature
More ways to Earn:
Soku Swap offers users multiple ways to make money. From providing liquidity to trading or taking advantage of arbitrage using flash loans. Imagine doing arbitrage trading 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 define the future of the exchange. And if you make a few trades each week, you will also get a fraction of the trading volume. The more the exchange grows, the bigger your payout will be. In addition, you can make decisions about what service should come first. If you store enough of the SOKU, we may need to provide a parking space in your name.
Two Networks, One Exchange
On Soku Swap, you can trade on the Ethereum Network and the Binance Smart Chain. Ethereum is the largest decentralized network in the blockchain world, it is impossible to run an exchange without using it. But along with size, other problems arise. Binance Smart Chain came out recently and is helping alleviate that problem. With faster trading and lower fees, Binance is definitely one to watch out for. We feel both are important and want to make sure our users have the option to trade wherever they want.
Crypto Class
Have you ever tried explaining crypto to someone? I bet you do, we all do. We know it's a headache, but we try to educate the people we know because we care for them. Imagine if you could send them links to some free crypto classes, and the more classes they do, the more you will earn both. And don't worry, we'll keep it short and fun. We want to make learning easy and profitable for everyone.
No KYC
Centralized exchanges require all customers to fill out a form that identifies themselves. You will need to provide your name, date of birth, Jamsostek, blood group, DNA sample, etc. etc. You see what I mean. Crypto was born as a decentralized currency that cannot be controlled and monitored. With DEX freedom, you only need to connect your wallet and make trades.
What are SOKU Tokens?
SOKU is a governance token that allows holders to vote on upcoming upgrades. Soku Swap is a decentralized exchange made for the people, run by the people, and governed by the people. You will have the ability to choose what changes / improvements you think we should make first.
Tokonomics
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, USDT
Softcap: 100,000 SOKU
Hardcap: 1,000,000
Conclusion
Once again, the Soku Swap stage was planned for sellers and performed very well as part of another clever advantage that required guarantees of on-chain liquidity. With a representative arrangement a few days in advance, this is the ideal opportunity to take part and get the amazing prizes that Soku Swap needs to bring to the table. It's surprising how the Soku Swap group has stayed up-to-date on the progress of their venture, which makes them more reliable overall. It is possible that early adopters will garner huge profits, and it may be you.
Detailed Information:
Website: https://www.sokuswap.finance/
Twitter: https://twitter.com/SokuSwap
Facebook: https://facebook.com/Soku-Swap-102896308602496
Telegram: https://t.me/sokuswap
Medium: https://sokuswap.medium.com/
YouTube: https://www.youtube.com/channel/UCdJFtg_BmXHhPeCJVgoqF3A
DisCord: https://discord.gg/DgNnfGWbd4
Ann Thread: https://bitcointalk.org/index. php? topic = 5327040.0
AUTHOR INFO
Bitcointalk username: bibie16
BTT profile: https://bitcointalk.org/index.php?action=profile;u=1816840
BEP-20 Wallet Address: 0xd380cC18762eC84E4D9F9bb258E59B8bEb2E5DA5
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