About Soku Swap 100% decentralized cryptocurrency exchange (DEX)

Soku Swap is a decentralized exchange (DEX) hosted on Ethereum Network and the Binance Smart Chain.

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What is Soku Swap?

Soku Swap is a decentralized exchange (DEX) hosted on Ethereum Network and the Binance Smart Chain. The DEX uses automated market maker smart contracts to create liquidity pools of both ERC-20 tokens and BEP-20 tokens. The features allow users to trade using an algorithm versus an order book used on conventional exchanges.

Knowing that the biggest obstacle to entry is the lack of education and knowledge on how to trade cryptocurrency, they decided to focus on it. With on-screen chat features to answer any questions you may have and step-by-step on-screen instructions, anyone can trade. And if you still want to know more, they have classes that you can get paid in crypto to complete. You can even get paid to send people to class.

Soku Swap also has some perks, such as allowing users to make decisions about the future of DEX using our governance token. And we even have weekly payments to everyone who has placed liquidity and makes 3 trades per week.

Soku Swap Features:

Soku Swap offers users many ways to make money. From providing liquidity to trading or using concessional loans using term loans. Imagine doing millions of dollars worth of arbitrage deals with Pancake Swap or Uniswap using our coins in our easy-to-use flash credit system.
With SOKU, our governance token, you can help decide the future of the exchange. And if you do multiple trades every week, you also get a small fraction of the trading volume. The more the exchange grows, the more your payouts grow. In addition, you can decide which services should come first. If you have enough of these SOKUs, we may have to provide you with a parking space with your name on it.
On Soku Swap, you can transact on the Ethereum network and Binance smart chain. Ethereum is the largest decentralized network in the blockchain world, so it is impossible to launch an exchange without using it. But along with size, there are other problems. Binance Smart Chain recently emerged to help solve these problems. With faster trades and lower fees, Binance definitely deserves a look. We believe they are both important and we want our users to be able to transact wherever they want.
Have you ever had to try to explain cryptocurrency to someone? I'm sure yes, everyone has. We know this is a headache, but we try to educate the people we know because we care about them. Well, imagine if you could send them a link to some free crypto classes, and the more classes they do, the more you both earn. And don't worry, we'll keep them short and funny. We want to make learning easy and profitable for everyone.
What do people really hate about crypto exchanges? Is this the main flaw in customer service? I know this was one of our team's main complaints. So we decided to fix it. We're going to chat 24 hours a day so you never have questions you can't answer. No matter where you are, there is always someone within a click to help if you ever need it.
Centralized exchanges require all customers to fill out self-identifying forms. You need to include your name, date of birth, social security, blood type, DNA sample. Cryptocurrency was born as a decentralized currency that could not be controlled and tracked. With the freedom of DEX, you just need to connect your wallet and make trades.

The Decentralization of Currency

The advent of blockchain technology and cryptocurrency has allowed millions of users across the world to achieve privacy, freedom and stability. The idea of decentralization in the crypto space is to give users control over their funds, investments and privacy without any interference from banks and third parties. In addition to this, decentralization solves the problem of corruption, inefficient services and systemic failures within the financial system.

What is Cryptocurrency?

Cryptocurrency is virtual currency built on blockchain technology to record and facilitate transactions. The system is decentralized, which means the currency owned by users is not co-owned or managed by a third party, such as governments or financial institutions. Cryptocurrencies may be bought online through centralized or decentralized exchanges.

Rise of Decentralized Cryptocurrency

Bitcoin was the first decentralized cryptocurrency to be developed by pseudonymous developer, Satoshi Nakamoto in 2009. However, the development didn’t stop there. In 2011, Name Coin and Lite Coin were developed. Today there are over 6,7000 types of cryptocurrencies available according to CoinMarketCap.com. The electronic currency, though not familiar to the majority, was intended to give users power over their own finances, removing banks and third parties from the equation.

Decentralized Finance (DEFI)

DeFi allows for financial products to be readily available to the public through a decentralized blockchain network. It is system software written on the blockchain that makes it possible for buyers and sellers, lenders, and borrowers to directly interact with decentralized software.

It cuts contacts with the third party companies handling the transactions. DeFi generally uses smart contracts, designed by the buyers and sellers, making financial products possible.

Decentralized Exchanges (DEX)

This new system of currency came with its fair share of disadvantages. Having a centrally managed exchange, which held all the electronic cash in one place, attracted cyber-attacks and hacks from every corner. This created a shift towards pure decentralization, allowing users to have full control over their crypto wallets, directly interacting for transactions only, allowing for maximum security. This gave rise to decentralized exchanges.

A decentralized exchange is a crypto marketplace that directly connects cryptocurrency buyers and sellers. The previous generation of decentralized exchanges used order books which consisted of records of all open buy and sell orders. However, the newer generation of decentralized exchanges use liquidity pool protocols to determine asset pricing. They also execute trades between user wallets instantly. They are mostly referred to as swaps.

Lacking centralized management, it operates under smart contracts that self-execute under set conditions. The system also records every transaction to the blockchain. Due to its decentralized nature, a DEX has several advantages.

· Lower transaction fees: With the availability of smart contracts, transacting on a DEX is cheaper than transacting on centralized systems.

· Security: Since no third party has access, the currency is secured and well ensured by a digital signature.

· Privacy: Unlike the centralized system, users are not required to give out personal details to any third party.

· Financial inclusiveness: a DEX creates an equal and inclusive ecosystem allowing users across the world to utilize their services.

A DEX that actually focuses on Customer Service?

Soku Swap, a decentralized cryptocurrency exchange, has announced to launch its DEX protocol based on Ethereum Network and Binance Smart Chain network in response to the growing demand of crypto users for interoperable platforms and a better alternative to rising gas fees on the Ethereum network. The launch comes after rigorous testing of the platform’s features, which has proven to be effective in operation and smooth user experience.

Soku Swap uses a new type of trading model called automated liquidity protocol to create liquidity pools of tokens, which allows users to trade using an algorithm instead of an order book. Additionally, the platform offers the following features:

Soku Swap offers users multiple ways to earn money through the platform, from providing liquidity on the platform to trading or benefitting from flash loans and taking cryptocurrency educational classes.
Two blockchains, Ethereum and Binance, are available on one platform — Soku Swap. The goal is to enable users to make trades wherever they like with the lowest fees across exchanges while allowing users to trade several additional cryptocurrencies.
Free educational classes on crypto and blockchain to lower down the barriers to mainstream adoption. Moreover, users get paid in cryptocurrencies to learn by reading articles and watching videos and earn from referring users to get educated.
Soku Swap doesn’t ask users to go through rigorous KYC/AML processes, thereby preserving the anonymity and privacy of all users in a purely decentralized fashion.
The token verification tool verifies newly listed tokens by checking the liquidity, use cases, team and overall rating to make sure users have all the information they need to make safe and informed investments.
Soku Swap Boxes function as a means to diversify any portfolio. Users can invest any amount starting from $50 to purchase a bundle of the top upcoming and high volume cryptocurrencies through the exchange in a single click.
User friendly Flash Loan system. Users can set up a flash loan in a few easy steps directly through the Soku Swap platform

As the market moves away from centralized exchanges to decentralized platforms, Soku Swap is expected to meet the growing demand of professional and novice traders for a more reliable platform free from third-party pressure with competitive fees.

SOKU Token ICO

SOKU is a governance token of Soku Swap that allows holders to vote on upcoming upgrades and changes to the exchange. Community members and team members can propose any new ideas to the platform, which are then reviewed, vetted, and voted on by token holders. Proposals with the maximum vote will go to the Soku Swap “Treasury” where the funding is provided to implement the changes.

The upcoming ICO starts on 3 May 2021 (3PM UTC) until 7 May 2021. In order to take part or find out more about Soku Swap’s whitepaper, future plans, team and tokenomics visit sokuswap.financ