CryptoSouk Focuses on Centralized Cryptocurrency Exchange on the Middle East

The exchanges can send cryptocurrency to your personal cryptocurrency wallet. Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide while other digital currencies are backed by real-world commodities such as gold

CryptoSouk Vision

• CryptoSouk believes that there is a unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language.
• CryptoSouk also believe that bringing long term foreign exchange operations, trading, and market making experience is required to create more efficient/sustainable liquidity solutions combined with a strong understanding of financial exchange ecosystems - a place where many new entrants do not have expertise. In the Middle East
• There are both larger traders and investors that expect a higher level of customer service and are not interested in the finer details of private key custody. They instead want to partner with trading platforms that have the security expertise, are local to the region, and speak their language so that they can participate in this burgeoning economic phenomenon and not the technical minutiae.

The Marketing plan

CryptoSouk Marketing plan is to employ regional experience by directing localized unique digital marketing content via the most optimized channels as well as focusing on education in Arabic as simple yet effective content delivery is few and far between today.
CryptoSouk appreciation of Arabic high context societies will contribute heavily in our mission to create a significant engaged community which forms the backbone of any crypto related product, project or venture.

Token Use

CryptoSouk plans to use their token as a:-

• Reward to their early supporters. Buyers of the SOUK utility token will get discounts on trading fees and other costs if paid for in SOUK tokens. Further CryptoSouk plans to repurchase these tokens in the market with a portion of our profits once they are profitable. They think these incentives and rewards align the company with their early supporters and customers.
• Method for worthy crypto asset projects to inexpensively pay for their 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, CryptoSouk also believes that listing worthy projects should not be an excessive profit center as it is in everyone’s interest to see them available to their customers with improved liquidity. Further, They are also looking forward to the coming wave of security tokens and are taking steps to prepare their platform from a regulatory perspective.

Tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. Tokens will be the method of payment for the listing of new asset pairs from projects that also meet our diligence review for soundness.

The Conclusion

CryptoSouk has brought together a team that includes both global and regional forex trading experience and technologists and security experts that can deliver on the unique Arabic language opportunity. We are offering a launched platform in the region that offers trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero initially. We anticipate that our efforts to promote this coin offering will also help us acquire new customers for the exchange as well.

Project Details
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4515317
Website: https://cryptosouk.io/en/ico
Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf
Telegram Group: https://t.me/cryptosouk_community_en
Twitter: https://twitter.com/CryptoSouk
Facebook: http://fb.me/CryptoSouk.io
Bitcointalk username: The Planner
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2037457