Overview:

It is a Vincent & the Grenadines and Kuwait based cryptocurrency trading platform. It is aiming to provide regional experience for the investors by creating the content in simple Arabic. It is done by two platforms one is digital performance marketing channels such as google search engine result page, google display network, Facebook and Instagram and another platform is offline marketing which consists of educational seminars, sponsored brand radio ads, conducting local events and different referral programs

Its referral system is simple, user need to share their referral code to friends or others, if someone sign up with their referral code he will get discount of 50% of transaction fee paid for the entire year.

CryptoSouk follows standard security measures and built the best digital asset exchange by focusing on the needs of professional traders and digital currency experts, it can execute 1millon transactions per second, it has advanced APIs to provide liquidity others, Interoperability with Traditional and DLT infrastructure and Institutional Grade Security Combined Cold/Warm/Hot Wallet rule based systems

KYC (Know your customer)/AML (Anti money laundering) these documents can help the users with unique security experience.

Token economy:

CryptoSouk issues utility tokens called “SOUK” which can be used in the internal ecosystem of platform such as payment for the listing of new asset and transaction fee

Token matrix:

Token symbol: SOUK
Main sale price 1 SOUK= $0.5
Pre-Sale price 1 SOUK= $ 0.375
Total supply: 52,000,000
Main Sale Hardcap: $11,000,000
Pre-Sale Softcap: $1,000,000
Pre-Sale: 09th July to 09th Aug 2018
Crowd sale: 22nd Aug to 22nd Sep 2018

Team:

David Dubrulle -Co-Founder, CEO
David is an entrepreneur with 20 years of experience across Europe and the Middle East. Areas of expertise include: Investment Banking, Corporate Finance, Investment Advisory, Equity/Debt Capital Markets, securitization and collective investment schemes. David created the first "Multi-Managed Account Currency Fund" while working at a Kuwaiti Sovereign Wealth Fund owned financial institution.

Gene Hoffman - Co-Founder, Member Board of Directors
Mr. Hoffman is a serial entrepreneur and former NASDAQ CEO. He currently serves as an advisor to Chia Network and as a board member and interim CTO for AEToken.io. He has built and sold three companies to PGP, Inc., Vivendi-Universal, and Amdocs. He has been a board member at eight different technology and energy companies, and served as a liquidation committee chairman and as chairman at his most recent company.

Richard D’Souza - Operations Manager
Richard is currently Head of Operations with JM Financial Brokerage Services Co. Kuwait. Richard is no stranger to Forex, Futures & CFD’s market having spent 10 years as Operations Manager with one of the top Financial Services Companies in Kuwait. He has accumulated a total of 21 years’ experience within Dealing Room/Operations. He was also part of the founding team at two separate Financial Services Start-up Companies in Kuwait.

Verdict:

Pros:

• Its demo version of the exchange is available in the website
• Advisory team looks great, it has members from crypto field and finance industry
• Core team members are well experienced in the various fields like investment banking and cryptocurrency projects
• Less competition in middle east for these type of exchanges

Cons:

• Whitepaper has very limited information about project
• Social media hype is average, its telegram community has 6+ members as of now
• Roadmap is unclear about milestones to be achieved in future

Links:

Website: https://cryptosouk.io/en/ico
Whitepaper: https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf
Telegram: https://t.me/cryptosouk_community_en
Facebook: https://fb.me/CryptoSouk.io
Twitter: https://twitter.com/CryptoSouk
Reddit: https://www.reddit.com/r/CryptoSouk
GitHub: https://github.com/CryptoSouk

Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a