CryptoSouk [ ICO REVIEW ]

What is CryptoSouk?
The next generation digital asset exchange for traders of every skill level, making digital currency trading accessible to everyone. We are devoted to enhancing our customers trading experiences with quick trade execution, fair pricing, world-class customer service, endless improvement and limitless creativity. Enjoy the best digital asset exchange which focuses on the needs of novice traders, professional traders and digital currency experts. We are dedicated to making digital currency trading accessible, fast and totally secure.

They instead want to partner with trading platforms that have the security expertise, are local to the region, and speak their language so that they can participate in this burgeoning economic phenomenon and not the technical minutiae. We have brought together a team that includes both global and regional forex trading experience and technologists and security experts that can deliver on the unique Arabic language opportunity. We are offering a launched platform in the region that offers trading in Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero initially. We anticipate that our efforts to promote this coin offering will also help us acquire new customers for the exchange as well.

The crypto exchange market is growing at extremely elevated rates. One of our competitor exchanges, Binance, announced that they had acquired over 250,000 new customers in a single day. Coinbase has over 20 million accounts and 52 million tokens under management as of May 2018. The top 10 crypto exchanges in the world are on track to generate more than $1 billion dollars in fees on an annual basis according to Bloomberg’s analysis of the market. Simply put, the size of the en re cryptocurrency marketing is growing exponentially with strong signs of underlying fundamental expected ratios. The opportunity for exchanges around the world to acquire market share in a fast-growing market is hard to understate.

Project Team:
The team believes that there is a unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language. We also believe that bringing long-term foreign exchange operations, trading, and market making experience if required to create deeper liquidity and understand the business of exchanges - a place where many new entrants do not have expertise. In the Middle East, there are both larger traders and investors that expect a higher level of customer service and are not interested in the finer details of private key custody.

Token Details:
The SOUK token is a utility token. It is available to people in most countries. Citizens from the following countries are not allowed to participate in the SOUK token sale: People’s Republic of China, Socialist Republic of Vietnam, United States of America, or any resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, and Cuba.

Token SOUK
PreICO Price 1 SOUK = 0.37 USD
Price 1 SOUK = 0.5 USD
Platform Ethereum
Hard cap 11,000,000 USD
Country Vincent and the Grenadines
Whitelist/KYC KYC
Restricted areas USA, China, Iran, Yemen, Syria

Verdict:**
The regulatory environment for both ICO utility tokens and cryptocurrency exchanges is somewhat uncertain across the globe. Changes in the regulatory environment in the Middle East could have a negative effect on the company’s ability to successfully scale up the CryptoSouk exchange and could restrict or prohibit us from doing business in specific countries. The company intends to use future issuances of company equity for this purpose but there is no guarantee that we will be able to raise money in the future or that they will be sufficient to fund our ongoing operations.

Important links:-
Website: https://cryptosouk.io
Whitepaper: https://cryptosouk.io/user/themes/custom-theme/pdf/en/whitepaper.pdf
Telegram Group: https://t.me/cryptosouk_community_en
Twitter: https://twitter.com/CryptoSouk
Facebook: https://fb.me/CryptoSouk.io
ANN: https://bitcointalk.org/index.php?topic=4515317.msg40654837
Bounty: https://bitcointalk.org/index.php?topic=4567847

ETH: 0x683c5B0d35e28D3e4938c815C8f476D7d38e5B2a
BTT: https://bitcointalk.org/index.php?action=profile;u=1926473