Crypto Souk: Your Gateway To The Crypto World

clauming (7)in #cryptocurrency • 6 years ago (edited)

Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology.

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Definition

The project I am going to present you is Crypto Souk, a blockchain-based cryptocurrency project dedicated to improving the commercial experiences of our clients with fast commercial execution, fair prices, world-class customer service, endless improvements and unlimited creativity.

As I said, Crypto Souk (SOUK) (https://cryptosouk.io/en/ico) is an exchange created to build the next generation of digital asset exchange for traders of all skill levels with the aim of making digital currency trading accessible to all. We are dedicated to improving the commercial experiences of our clients with fast commercial execution, fair prices, world-class customer service, endless improvements and unlimited creativity.

Goals
The main goal of SOUK is to design an exchange being able to attract as many customers as can, involving the Middle East and Arabic language.

Features

Image	Feature	Description
	Multiple Trade Views	Multiple views, including price chart, depth chart, order book and recent operations ticker.
	Plenty of Indicators	+50 available indicators, including linear regression curves, moving averages and oscillators.
	Custom Trendlines	Ability to draw custom trendlines, hairpins and more that scale and move with the chart.
	Interactive UI	Possibility of customizing the colour and style of the bars, edges, wicks, price lines, backgrounds and grid.

Bounty

The project gives the opportunity to earn Crypto Souk tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk platform. Here (https://bitcointalk.org/index.php?topic=4567847.0) you can access the link in order to see what are the conditions to become an early SOUK contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/cryptosouk). I hope you liked the post and soon I'll send you new ones.

Roadmap

Date	Event
Q2 2018	BETA Launch Exchange SV - Joint Venture with Kuwaiti Partners
Q3 2018	ICO Pre/Main Sale - Live Exchange Launch SV - List SOUK Tokens on Exchange
Q4 2018	Malta Licensing - Release Proprietary Liquidity
Q1 2019	ADGM Licensing - Mobile App Release - Social Platform Beta