CryptoSouk

Introducing Crypto souk: Your gateway to the crypto world

Introducing Crypto souk: Your gateway to the crypto world

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Introducing Crypto souk: Your gateway to the crypto world

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Hello Crowdholders, 

Problem of existing market

Buying, selling, holding and trading cryptocurrency is hard. We are excited about the various new decentralized exchange ideas being developed but they ofen suffer from a severe lack of liquidity and market making. In the middle east, however, we think that more actve traders and investors are looking for a higher touch, and easier to use trading partner that more matches their existng expectatons of partcipatng in financial markets. Our customers also want to know that there are local people in the region that they can reach out to who speak their language and understand their customs.

Our solution

CryptoSouk has launched a cryptocurrency trading platorm from ST Vincent & the Grenadines and Kuwait. The exchange shall be launched at the beginning of Q3 2018 with trading pairs supportng Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The company plans to contnue to add trading support for additonal crypto assets that the company feels exceed certain diligence minimums. Our exchange also allows for account loading by cryptocurrency or fiat payments. Based on the founding teams expertse, we have chosen partners to help us deliver both the exchange platorm, liquidity on our exchange and a breadth of funding optons.

For more information about Crypto souk, please read our whitepaper and visit our ICO page.

What do you think about this our project? Are there any problems/alternative ideas that could happen/improve to be (in)competitive?

We appreciate all your constructive opinion/suggestions/recommendations. Please make sure go through provided whitepaper before giving us feedback.

Thank you so much!





27 COMMENTS 12 VOTES

Most recent Most voted Most verbose

Since the rise of Bit Coin crypto currencies are rapidly rising and becoming a key investment and trading platform. When investing in crypto currencies it is important to use a solid trading company The rise in investors has seen a rise in those companies looking to take advantage. This means it is important to chose a trustworthy trading partner who has your interests at heart.

1 year ago

This exchange project looks good but you need to get the basics right before launching because the competition is very tough among crypto exchanges, you need to come up with user friendly interface which is unique and smooth as well, security should never be compromised, customer service should be prompt, fee should be minimal and last but not the least fiat integration could boost the exchange.

1 year ago

Its A Very Great Platform And Has A Nice Security..Don't Late To Join The Platform

1 year ago

I think you have to do more to secure your site and make it more attractive building more feature. There are many examples out there. The easy of buying with the Buy & Sell option is a good thing for beginning users.

1 year ago

Toheed Saeed expert

I am a Crypto Trader, Reviewer on YouTube @CryptoMinati

Cryptosouk tasks ?

1 year ago

The project seems interesting, and the idea is pretty cool. Whitepaper clear but... In my opinion, the webpage must be more attractive. I think there is not enough info and very poor design.

1 year ago

Gregory P expert

The idea sound alright on paper. But they arent going to be anymore coinbases or binances in the centralized crypto world. You want to create a P2P decentralized exchange to be in the future. There are too many ways to lose investor funds , like in the case of having the teams email accounts on the same server(s) that exchanges hot wallets are on. Not a good idea. esp. if not everyone on the team is tech savy or, does drugs, or something. nonetheless, malware stole private keys from coinchecks centralized exchange in Japan. and that's a no brainer. Trust me, create a Peer to peer Dec. exchange.

1 year ago

youre opening up an exchange which for the most part sounds phenominal. Make sure everything is transparent and is easily accessible should the "powers that be" come knocking. We all saw what happened to Bit connect. A good idea for marketing may to offer something for free to new clients. You should always have the website updated and current and be sure to keep breaking news quick easy to understand and straight to the point. other than that, its a great service and I look forward to seein it happen. CHEERS!

1 year ago

Fred Blauer guru

Open for business

One of the main problems with centralised exchanges is security, since they are a target for hackers. What kinds of security measures, vaults, and custody solutions are you going to employ to address this? Will you be subject to audits to verify security and compliance to local regulations? How are you going to gain trust in the beginning stage? Also, how are you going to structure trading fees? Will any portion be given back to the community? Any ability to stake tokens for interest? Any margin trading? It is also becoming more and more difficult to raise money thru ERC20 ICO's. So, you might have to rely on more on private investors. Any plans for supporting security tokens in the future?

1 year ago

TheCrypto .Tips guru

I do both things that measure our entire World => UX & TA

I already have an account and had the chance to use it, it's very simple and easy, but I believe you can do much better with the design, it's a bit elderly and I think you are into younger crowd, anyway it's tech but doesn't feel like it. The trading pairs are in the top list so it is useful but you should have much more in that list. Hope that helps

1 year ago

This exchange project looks good but you need to get the basics right before launching because the competition is very tough among crypto exchanges, you need to come up with user friendly interface which is unique and smooth as well, security should never be compromised, customer service should be prompt, fee should be minimal and last but not the least fiat integration could boost the exchange.

1 year ago

Sertan Ala guru

You have already emphasize that you will have better customer support then other exchanges, that can be interesting for newcomers and professional traders who one to have quick deposit and withdrawal. But one of the most important thing for exchanges is security. After critical hackers attacks many famous exchanges has lost its customers. I always try to use the most secure exchanges even i need to pay more for fees. My suggestion is emphasize more on security on your advertisements. Find more ways for liquidation of your token. Using your token as a listing payment as a perfect idea but work more on it for finding other ways to make more demand to your token.

1 year ago

As we checked your white paper its not mentioned strongly how you will able to secure the full platform. My questions could be what is your proactive approach for hackers ? Will you use cold storage? It must be more clear for my thinking. Moreover your token has the same use like every other exchanges, it needs to identified that what is unique on your token for liquidation.

1 year ago

the most and important issue is about some exchanges is that they ignore the customer issue and support. we need loyalty, sincerity, and hard working team behind the CryptoSouk project . first priorty must be customer support . the trading procedure should be easy and convenient . we believe in crypto .. we believe in CryptoSouk project.

1 year ago

Rajesh Ch expert

This project is gaining popularity and people in the crypto world are getting excited for this project. It has lot to offer and we can see now a days it is getting hard to buy and sell cryptocurrency and every platform which is developed has it own flaws. It really helps people especially people around middle east and this really exposed a new set of source for the world of crypto. Just one suggestion try to add any benefits for the people who contribute to the exchange. Good luck guys.

1 year ago

A centralized cryptocurrency exchange on the Middle East and the Arabic language is a huge movement In the Middle East, there are both larger traders and investors, success is gonna be huge I also like the referral program, also Buyers of the SOUK utility token will get discounts on trading fees and other costs if paid for in SOUK tokens. i wanna suggest the divident feature like all major exchanges implement,so more income sources for SOUK holders aply

1 year ago

Compaq Compaq senior

Really i like the idea of creating an exchange especially for the midle east ,that will attract a lot of people who are interested. using local people in the region that they can reach out to who speak their language it's an amazing idea. To success in this project you will learn from experience and benefit from previous projects and you should promote advertising media and be profesional because there are many exchanges closed because not profesionl Best of luck!

1 year ago

Everything seems okay but logo and design is not appealing to me. As a customer when I log into your site first thing i will think would be this project should be for big players or companies instead of everyone. I think you should be more minimalist when it comes to design to appeal everyone.

1 year ago

many will still say an exchange platform that offers exactly the same things as the others and that will bring nothing more !! But looking at it well, there is a function that interests me strongly it is that of being able to integrate well-defined orders that it is in limit, or stops at the sale or the purchase and other options allowing to save its capital or on the contrary to predefine the purchase price of a currency without being constantly on the platform. This difference is significant enough to make you stand out from other platforms.

1 year ago

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1 year ago

Matan Argental

Live the moment, Think for generations.

I like the quick one click coin swap option that welcomes you after login, it's very atractive for noobs in the crypto market, Or when you just wanna make a fast buy in the easiest way.

1 year ago

Meisya Putri new user

almost all crypto exchanges have the same advantages, fast exchange, low cost, safe system, but in fact all users still feel hesitant to save assets in an exchange platform because there are still many losses that are often caused, if the project is able to overcome all the problems above will be a very good project.

1 year ago

giang nguyen senior

You have very good plans, the new market will be less competitive with many big competitors. You will learn from experience and benefit from previous projects. I have visited your website, the plan is quite specific, however you should promote advertising media for your project. A good project and good advertising will be a great success

1 year ago

I like the idea of launching an exchange oriented to the middle-eastern market; Especially when you add customer service in the native language, smooth Fiat on/off-boarding and market liquidity. I also like the fact that you are anticipating a rise in demand for security tokens and the token economics (White paper: p11) look good. Some things to consider: - Use aggregated liquidity by partnering with multiple exchanges. - (White paper: p8) Use of proceeds; these numbers seem peculiar. I'd expect a much higher % allocation in product development and marketing/community. User experience will be the determining factor for succes. Best of luck!

1 year ago

Ahmad Fz guru

Crypto Addicted

This project is going to be most used cryptocurrency exchange in Middle East if the projects developers intend to make perfection to the platform. There are many exchanges closed because not profesionl admin. Hope cryptosouk will deliberatly made succesful ICO.

1 year ago

This comment is not available, it has been removed for violating the code of conduct

1 year ago

Elric Drost guru

Creative session specialist, likes to go out of the box.. and beyond

1 year ago