Soku Swap - A Decentralized Exchange with the focus and customer care of a Centralized Exchange (actually better).

in #sokuswap • 3 years ago

image.png

Introduction

Currently, the era of technology is very advanced, including blockchain and cryptocurrency technology, which has enabled millions of users around the world to achieve decentralization, financial freedom and user stability. The idea of decentralization in this crypto era is to give users control over their funds, investments and freedom of privacy without interference from third parties or banks. In addition, decentralization solves problems that occur when, for example, corruption and inefficient services in the modern financial system.

Decentralized Finance or DeFi allows financial products to be available to the public and to many people through the blockchain decentralized network. Decentralized Finance is a software system written on the blockchain that allows buyers and sellers, lenders and borrowers in general to interact directly with the decentralized software.

Decentralization Finance cuts off contact with any third party companies that handle transactions. DeFi also generally uses smart contracts designed by buyers as well as sellers and enables financial products in a transparent manner.

What is Soku Swap?

Soku Swap is a decentralized exchange or (DEX) that can solve third party financial problems at this time Soku Swap is also hosted on the Ethereum Network as well as the Binance Smart Chain. DEX or decentralized Exchange uses automated market maker smart contracts to create a liquidity pool of ERC-20 tokens as well as BEP-20 tokens. Its features allow its users to trade using the special order book algorithms used on conventional exchanges.

Soku Swap also uses a special formula to ensure reserves remain in relative balance. Where did the backup come from? The reserves are collected from the liquidity providers who supply the exchange with tokens in return for a portion of the transaction fees. Therefore, the platform also uses registry contracts to facilitate exchange for different currencies.

Unlike centralized exchanges, Soku Swap does not require users to identify yourself for the creepy demands of personal identification such as personal name, residential address, date of birth, blood type, social security number, DNA sample, anything that concerns your personality. As a DEX, Soku Swap also stands behind the principle of secure decentralization which ensures that your personal details are not accessed by anyone.

Soku Swap Liquidity DEX

The main problem affecting decentralized exchanges is a lack of liquidity. With most transactions taking place on a centralized exchange, the lack of volume also keeps most users sticking to a centralized exchange.

How does Soku Swap currently solve liquidity problems?

Soku Swap also offers two ways to ensure liquidity on its platform.

First, it offers liquidity providers a better and safer offer by allowing LP (Liquidity Pools) holders to stake their LP for an additional bonus. The highly expected rate of yield in Soku Swap makes other APR / APY rates look like drops in a bucket.

Secondly, Soku Swap offers you the opportunity to trade with two different networks (Ethereum and Binance Smart Chain), and for the proposition of staking your LP they double their liquidity value and dispel any fears that arise from very low liquidity ideas.

In short, the Soku Swap platform is designed for traders and performs very well and is also secure as another smart contract component that requires a guarantee of Ethereum and BSC on-chain liquidity.

image.png

Tokenomics

  • Name : Soku
  • Base price : $ 0.07 USD
  • Blockchain : BSC
  • Total Token Supply : 222,222,222
  • Symbol : SOKU
  • Total tokens available for Sale : 111,111,111
  • Type : BEP-20
  • Purchase methods : BNB
  • Softcap : $100.000 USD
  • Hardcap : $500.000 USD
  • Minimum : 0.3 BNB
  • Maximum : 100 BNB

Token Distribution & Allocation of Funds


image.png

Roadmap

image.png

image.png

Conclusion

Soku Swap has a good system of offering crypto-class education for free, with the aim of reducing the spread of false and misinformation about cryptocurrencies and enabling its users to make well-informed trades on their platform. Soku Swap is hosted on the ethereum network, as well as the Binance Smart Chain. It uses automated market maker smart contracts to create liquidity for them. Apart from that, their 24/7 live chat ensures users have all the help they need to trade on the Soku Swap platform.

More Information Details

Authors:

Username Bitcointalk: Soetikno

Bitcointalk Profile Links: https://bitcointalk.org/index.php?action=profile;u=897955

BSC Address:  0x255C32732A993A46E70Bd947b1963cE97224A469

3 years ago in #sokuswap by
$0.00
    1 vote
    Reply 0

    Coin Marketplace

    STEEM 0.16
    TRX 0.15
    JST 0.029
    BTC 56688.84
    ETH 2388.88
    USDT 1.00
    SBD 2.28