CryptoSouk is a Cryptocurrency Trading Platform For the Middle East Crypto Community
Nowadays crypto enthusiasts from all over the world have an excellent opportunity to earn crypto assets in exchange market. Due to new opportunities, provided by blockchain technology, a great number of platforms occur.
Investors from the Middle East region are considered to be active trading partners and experienced participants of the financial market. Therefore, the CryptoSouk team have decided to launch a decentralized platform for exchange of cryptocurrencies in the region. CryptoSouk market researchers came up the following results: Customers from the Middle East expect better service. They are more likely to use those trading platforms, that provide a high level of security.
Operating principles of the platform
Crypto trading platform CryptoSouk will start the exchanging process at the last quarter of 2018. System will offer services for cryptocurrency and fiat payments. According to the marketing plan, CryptoSouk will rely on regional digital marketing experience to create highly engaged community. System will be equipped with easy-in-use interface. Once the registration process is completed, users receive the unique referral code. User can share it with other users, engaging novices to join the community. It should be mentioned, that CryptoSouk may change or cancel the referral program at any moment without notification.
Tokens will be used to reward those, who joined the system at the early age of its development. Special prices on services and discounts on trading fees will be offered those customers, who use SOUK tokens as a payment option. It is planned by CryptoSouk to repurchase these tokens in the market later, in case the project is profitable. Moreover, it is announced by the project founders, that the idea of profit gaining shouldn't be an excessive one. CryptoSouk is looking forward to offering its customers safe and reliable services with improved liquidity.
Competitive issues of the platform
The project intends to compete with global crypto exchange portals. That is, CryptoSouk is determined to overcome business competition in the Middle East. According to the CryptoSouk team, they are able to understand the nature of the Middle East, that gives them a superior opportunity to succeed in this region. Due to the fact, that the system offers arabic language services, customer support and trading pairs in local fiat currency, CryptoSouk will attract local consumers.
According to CryptoSouk developers, they believe, that their business proposal is the most advantageous in the Middle East region on liquidity and market operation, safety and ease of fiat transfers in USD and local currencies. CryptoSouk recognizes, that dealing with fiat currency is rather challenging, because the process involves a risk of possible transactions blocking by a bank and wire transfers.
Token Sale Plan
Taking into consideration that fact, that the market is overwhelmed with crypto exchange projects, it is nice to hear, that CryptoSouk realises it and perform the best activities to develop its positive features, in order to meet demands of the Middle East crypto community. We are convinced to mention, that the regulatory environment is uncertain. Changes in economic sphere, such as restriction and prohibition of crypto business in the Middle East region, may have negative effect on the CryptoSouk exchange project. Anyway, it is the case not only with this region, but with the economic situation worldwide.
Links:
Website: https://cryptosouk.io/en/ico
WhitePaper: https://bit.ly/2LTATMb
Telegram: https://t.me/cryptosouk_community_en
Facebook: https://www.facebook.com/CryptoSouk.io
Twitter: https://twitter.com/CryptoSouk
Medium: https://medium.com/@cryptosouk
ANN: https://bitcointalk.org/index.php?topic=4515317.msg40654837
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
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Keep up the great post.
Cheers
We're glad you liked the review! As to your question, some projects host airdrops to create a network of stakeholders who own the tokens issued on the platform. We would recommend to use the links provided below each review if you get interested in a particular project and would like to find out more on this topic.
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