WHY CRYPTOSOUK?
Reliability combined with a rich array of features
Enjoy the best digital asset exchange which focuses on the needs of novice traders, professional traders and digital currency experts. We are dedicated to making digital currency trading accessible, fast and totally secure.
PROBLEM
Buying, selling, holding and trading cryptocurrency is hard. We are excited about the various
new decentralized exchange ideas being developed but they often suffer from a severe lack of liquidity
and market making. In the middle east, however, we think that more active traders and investors are
looking for a higher touch, and easier to use trading partner that more matches their existing
expectations of participating in financial markets. Our customers also want to know that there are local
people in the region that they can reach out to who speak their language and understand their customs.
The crypto exchange market is growing at extremely elevated rates. One of our competitor
exchanges, Binance, announced that they had acquired over 250,000 new customers in a single day.1
Coinbase has over 20 million accounts and 52 million tokens under management as of May 2018.2 The
top 10 crypto exchanges in the world are on track to generate more than $1 billion dollars in fees on an
annual basis according to Bloomberg’s analysis of the market.3 Simply put, the size of the entire
cryptocurrency marketing is growing exponentially with strong signs of underlying fundamental
expected ratios.4 The opportunity for exchanges around the world to acquire market share in a fast
growing market is hard to understate.
SOLUTION
CryptoSouk has launched a cryptocurrency trading platform from ST
Vincent & the Grenadines and Kuwait. The exchange shall be launched
at the beginning of Q3 2018 with trading pairs supporting Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The company
plans to continue to add trading support for additional crypto assets
that the company feels exceed certain diligence minimums. Our
exchange also allows for account loading by cryptocurrency or fiat
payments. Based on the founding teams expertise, we have chosen
partners to help us deliver both the exchange platform, liquidity on our
exchange and a breadth of funding options.
We believe that we will be able to continue to grow in the region based
on the following competitive factors. First we think that being able to
transfer fiat currency in and out as inexpensively as possible and as
native to Dinars, Dirhams, Riyals and Dollars as possible is critical. To
that end we plan to invest in tools and partners who can help us lower
those costs and make funding or redeeming fiat inexpensive and easy.
Second, we believe that, though not all crypto assets are worthy of
listing on our exchange, that the diversity of trading pairs and crypto
assets will be an important factor that customers will look to when they
choose a preferred exchange. Third, we believe that higher touch
customer service is critical in this region so we plan to invest in customer
service to be able to provide a more human touch at scale while doing
so efficiently and profitably. Last but not least, the teams localized
knowledge of KYC/AML relevant documentation will play a key role in
providing a unique and frictionless user experience.
The CryptoSouk Referrals program is designed to generate viral growth, and be particularly
appealing to both our clients who can use their inner circles and to Influencers who can use their high
profile social media accounts to publicize CryptoSouk.
CryptoSouk has a simple and very rewarding referral system. Each user with an account on
CryptoSouk.Exchange will have their unique referral code that can be shared with others. Once another
user signs-up using this referral code, the referee gets entitled to 50% of the transaction fee paid by
their referral for an entire year.
For example, User A shares their referral code with User B. User B enters User A's referral code
when creating a new account. Over the year starting from date of User B's account creation,
50% of all transaction fees paid by User B will be credited to User A.
CryptoSouk Exchange reserves the right to make any changes including complete terminal of the
referral program at any stage without any prior notice.
We plan to use our token to reward our early supporters. Buyers
of the SOUK utility token will get discounts on trading fees and
other costs if paid for in SOUK tokens. Further we plan to
repurchase these tokens in the market with a portion of our
profits once we are profitable. We think these incentives and
rewards align the company with our early supporters and
customers.
We plan to use our token as a method for worthy crypto asset projects to inexpensively pay for our
listing fees. We incur some costs depending on the nature of the underlying crypto asset and those vary
depending on how similar or different each asset is from a blockchain protocol perspective. However,
we also believe that listing worthy projects should not be an excessive profit center as it is in everyone’s
interest to see them available to our customers with improved liquidity. Further, we are also looking
forward to the coming wave of security tokens and are taking steps to prepare our platform from a
regulatory perspective.
We have chosen Malta for our [corporate parent] and to
conduct our ICO due to that nation’s forward looking utility
token regulation and membership in the European Union. We
are also pursuing an exchange license in the Abu Dhabi Global
Markets (ADGM) where, with an office in Kuwait as well, our
operations generally occur. The current status of our licensing is
pending a final release of the regulatory framework for ADGM
to operate under the OCAB (Operating a Crypto Asset Business)
and a final activation of the recent Virtual Financial Assets Act in
Malta. We believe regulatory certainty will become a more
important part of the decision about which exchange customers
will entrust with their crypto assets.
TECHNOLOGY
Our technology is oriented towards simplicity, security, and reliability to support a rich array of features.
Top of the line trading UI - CryptoSouk is a premier trading and financial technology company. We’ve
built the best digital asset exchange by focusing on the needs of professional traders and digital
currency experts. We are dedicated to making digital currency trading accessible, fast and totally
secure.
• Enterprise matching engine with execution ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems
ROADMAP
TOKEN DISTRIBUTION
Token Type
ERC20
Token Name
Souk
Token Ticker
Souk
Token Price
@ $0.50
Pre-Sale
$0.375
25% Discount
Soft Cap - $1M
Launch Date - July 9th 2018
Duration - 30 Days
Main Sale
$0.5
Hard Cap - $11M
Launch Date - August 22nd 2018
Duration - 30 Days
Team
David Dubrulle
CEO Co-founder
An entrepreneur with 20 years of experience across Europe and the Middle East with expertise in Investment Banking, Corporate Finance, Investment Advisor, Securitization of the Capital Market, and Collective investment schemes.
Gene Hoffman
Co-founder, Board Member
Entrepreneur's experience series and former NASDAQ CEO. Currently serves as an advisor to Chia Network, as well as temporary board and CTO members for AEToken.io.
Richard D'Souza
Operational manager
Richard has spent 10 years as an Operations Manager with one of the leading Financial Services Companies in Kuwait. He has a total experience of 21 years in Dealing Room / Operations, and established 2 Financial Services startup companies in Kuwait.
Basil Abusaada
Customer Support
Basil is currently Operations Officer at JM Financial Brokerage Services Co. Kuwait where he has been working since 2016. Basil has excellent customer service, sales & communication skills
Counselor
Rob Viglione
One of the founders of ZenCash and President of the Zen Blockchain Foundation. His expertise covers the borders of blockchain technology and cryptoeconomics, and is an industry leader and suggests choosing blockchain and startup community endeavors.
Andrew Bates
International Private Banker with over 26 years of experience in 6 continents advising on wealth management, asset management, lending & trading platforms, together with building and running high performing teams
Strategic Community Advisor
Morten Christensen
Morten has been involved in all things cryptocurrency since early 2013, either as a trader, miner or launching a different Crypto start-up. His latest venture, AirdropAlert.com, gave him the opportunity to work with more than 30 ICO's of presale stages.
Marco Calicchia
Marco is the CEO and Founder of MaZee, the leading ICO Community Management and Marketing Agency. He is an experienced ICO and Blockchain advisor with more than 25 ICO portfolios, including clients such as Experty, Remme and Open Platform.
Valtteri Serimaa
Valtteri founded icotokennews.com and Digital Assets Ltd., an agency specializing in online marketing for ICO. Before entering the crypto space, Valtteri has managed various online marketing agencies.
For more information and join CRYPTOSOUK's social media, please follow the following sources:
Website: https://cryptosouk.io/ico
Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf
Twitter: https://twitter.com/CryptoSouk
Facebook: http://fb.me/CryptoSouk.io
Medium: https://medium.com/@cryptosouk
Telegram: https://t.me/cryptosouk_community_en
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