The market of crypto-currencies is growing and developing very quickly. For example, Binance, one of the most famous crypto-bureau today announced that over the past week the number of its customers has increased by 250 thousand people. The turnover of crypto-exchange networks in the world has exceeded $ 1 trillion a year. In essence, the size of the entire market grows exponentially. But despite such rapid growth, the crypto currency market has its own problems, and the main one is the problem of free exchange and withdrawal of the crypto currency in ordinary money. Most often this process is long, uncomfortable, expensive, risky, and in some countries also illegal.
Working with crypto assets requires not only knowledge in the field of finance, but also certain technical skills. For a beginner or simply technically unprotected person, who does not understand the principles of the work of the block, the crypto currency is something very complicated and inaccessible to understanding.
In addition, it's not always safe to even keep your crypt at the stock exchanges, and I'm not even talking about hacking opportunities right now. Your coins can be taken away from you on absolutely legal grounds.
For example, if a manager of the exchange has any suspicions, he can block your accounts and ask you about the origin of these funds or how much you paid taxes from them, as recently happened to one of the users on the HitBTC exchange. If the manager does not like your answers, your account will be banned, and your money will be confiscated in the exchange's income, that is, simply stolen on absolutely legal grounds.
Of course, there are many decentralized exchanges, in which, theoretically, no one can steal or take away anything from you, but most of them often suffer from a lack of liquidity.
ABOUT THE PROJECT
Thus, we understand that we have long needed a simple and safe tool for storing and circulating the crypto currency, which anyone could use, even without the ability to work with the block, and this tool should be linked to the traditional financial system so that it could It is easy and without huge commissions to purchase a crypto currency for ordinary money and in the same way sell it back.
In order to solve the above problems, the developers of the CryptoSouk platform engaged in the creation of a tool for the exchange of crypto assets, which could satisfy the needs of users with any experience and level of technical skill.
Their main goal is to make the use of crypto currency in everyday life accessible to everyone.
Thus Crypto Souk will become a platform for trade and exchange of crypto currency with a simple and intuitive interface and gateways for the exchange of crypto currency for ordinary money, which anyone who can use the Internet can use. The launch of the site is planned for the third quarter of 2018, so we do not have to wait very long. In the beginning, trading pairs with the most popular crypto-currencies such as Ripple, Dash, Bitcoin, Ethereum, Monero and Litecoin will be traded on the site, but in the future it is planned to add many other trading pairs.
Despite the fact that not every crypto currency is worth listing, the variety of trading pairs is important for customers, and the developers are doing customer-oriented service.
It is worth noting that in the functional area of the site is initially supported by the flexible customization of the user workplace. For example, if a user needs to buy a crypto currency for his needs, or sell it, because he receives payment for something in crypto currency, but he does not like trading by himself - he can remove unnecessary tools from the screen so they do not interfere.
The platform also supports the Arabic language, which will attract a large market of users living in the Middle East, since most of the existing exchanges do not support the Arabic language, and many users who live in the region do not know English.
HOW IT WORKS
And it works very simply, much easier than on other trading platforms: the user registers on the trading platform, fills out the questionnaire: login, password, e-mail, confirms the phone number via SMS and everything from now on he can work fully. With the help of payment from a bank card, he buys the necessary crypto currency for ordinary money, and then proceeds with it at his own discretion: he either enters the exchange and trades, or deduces to his personal purse for storage, or pays for some goods or services that are sold for crypto currency.
https://cryptosouk.io
ICO DETAILS
Coin: Souk
Standard: ERC-20
Cost of coin: 1 Souk = $ 0.5
Soft Cap: $ 1,000,000
Hard Cap: $ 11,000,000
Token Sales: August 22, 2018 - September 21, 2018
KYC: Yes
ROAD MAP
THE PROJECT TEAM
CONCLUSION
I believe that the project has prospects, especially in the Middle East region, since in the Arab countries such a project so far there is no competition. Secondly, the trading platforms, which can directly exchange crypto-currency for ordinary money is always in high demand. For this to become a reality, the developers have already found a sufficient number of serious partners and created the necessary tools that can help reduce the costs to exchange the crypto currency for traditional money, it was simple and cheap.
All the important information can be found here:
Website: https://cryptosouk.io
Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf
Telegram: https://t.me/cryptosouk_community_en
Twitter : https://twitter.com/CryptoSouk
Facebook : https://www.facebook.com/CryptoSouk.io
Blog: https://medium.com/@wulet.io
Bitcointalk : https://bitcointalk.org/index.php?topic=4567847
AUTHOR ARTICLES:
Bitcointalk username: ltymub
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2247659
Telegram username: @lica2017
Coins mentioned in post:
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