Soku Swap

Soku Swap - The easiest place to trade Crypto

Hello everyone good evening 

Here I am going to tell you by writing a review to introduce a very unique new project called  Soku Swap  , so for that, have a look at the articles I created below to give you a very good overview of the project, then What benefits do they provide. To all people? Let's just go straight to the discussion below.

Soku Swap is a decentralized exchange (DEX) hosted on the Ethereum network and the Binance smart chain. DEX uses automated smart contracts from market makers to create a liquidity pool for ERC-20 tokens and BEP-20 tokens. These features allow users to trade using algorithms rather than the order books used on conventional exchanges.

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

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

What is Soku Swap?

Soku Swap is a fully decentralized cryptocurrency exchange that uses a relatively new type of trading model called an automated liquidity protocol. Soku Swap operates on the Ethereum Network as well as the Binance Smart Chain.

What is a Decentralized Exchange (DEX)?

A decentralized exchange is a type of cryptocurrency exchange that allows direct peer-to-peer digital currency transactions to be carried out online securely and without the need for intermediaries.

Advantages of DEX

1. No KYC -  KYC / AML compliance is the norm on many exchanges. For regulatory reasons, individuals must frequently submit identity documentation and proof of address. This is a privacy issue for some and an accessibility issue for others. What if you don't have valid documents? What if the information gets leaked? Since DEX is unlicensed, no one checks your identity. All you need is a cryptocurrency wallet.
2. No Counterparty Risk -  The main attraction of decentralized cryptocurrency exchanges is that they don't hold customer funds.
3. Unlisted  Tokens - Tokens that are not listed on a centralized exchange can still be traded freely on DEX, provided there is supply and demand

How does it work?

 This allows users to trade using an algorithm versus the order book used on conventional exchanges. Price is determined using the formula  x * y = k  (  x  coins tokens  x  and  y  coin token  Y  , and always maintain the invariant that  x  *  y  =  k  for some constant  k),  and this ensuring reserves remain in relative balance. Soku Swap reserves are pooled among the liquidity providers who supply the exchange with tokens in exchange for a portion of the transaction fees. Soku Swap uses registry contracts to facilitate exchange between different currencies. The system mechanics ensure trading between cryptocurrencies is based on their relative supply. 

Soku Swap feature

• Soku Swap offers users multiple ways to make money. From providing liquidity to trading or using soft loans using term loans. Imagine doing multimillion dollar arbitrage transactions with Pancake Swap or Uniswap using our coins in our easy-to-use flash credit system.
• With SOKU, our governance token, you can help define the future of the exchange. And if you do a lot of trades each week, you also get a fraction of the trading volume. The more the exchange grows, the more your payout will be. In addition, you can decide which service comes first. If you have enough of these SOKUs, we may need to provide a parking space in your name.
• At Soku Swap, you can transact on the Ethereum network and the 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 the size, there are other problems. The Binance Smart Chain has recently emerged to help solve this problem. With faster trading and lower fees, Binance is definitely worth a look. We believe both are important and we want our users to be able to transact wherever they want.
• Have you ever tried explaining cryptocurrency to someone? I sure do, everyone has. We know it's a headache, but we try to educate the people we know because we care for them. Well, imagine if you could send them links to some free crypto classes, and the more classes they do, the more you will earn both. And don't worry, we'll keep it short and funny. We want to make learning easy and profitable for everyone.
• What do people really hate about crypto exchanges? Is this a major drawback in customer service? I know this is one of our team's main complaints. So we decided to fix it. We'll chat 24 hours a day so you'll never have a question you can't answer. No matter where you are, there is always someone at one click to help if you need them.
• Centralized exchanges require all customers to fill out a self-identification form. You need to enter your name, date of birth, social security, blood type, DNA sample. Cryptocurrency was born as a decentralized currency that cannot be controlled and tracked. With DEX freedom, you just have to connect your wallet and make a trade.

Create an Exchange

SokuFactory.sol is a smart contract where all the magic happens. This creates an exchange for each trading pair on Soku Swap. The public function createPair () allows any user to enforce an exchange contract for any ERC20 or BEP20 token pair that does not already have one. The code below shows how the exchange is executed.

Lower Gas Costs

The Soku swap is designed with gas efficiency at its core. By using the AMM smart contract, we can reduce gas costs by up to 10% from the normal exchange. This gas efficiency is replicated in almost all exchanges between the cryptocurrencies supported on the platform. Soku Swap has a significant reduction in gas compared to on-chain order book exchanges. And due to higher fees on the ETH Network due to the recent massive interest in NFTs, the ability to exchange on the Binance Smart Chain, allows you to trade at a lower fee.

Increase Liquidity

Adding liquidity involves placing an equivalent value of ETH & ERC20 or BNB & BEP20 tokens into the associated exchange contract. Liquidity providers first determine the initial exchange rate by depositing what they think is proportional to the coins and token value. If the initial rate is low, the arbitrage trader will bring the rate to equilibrium at the cost of the initial provider.

Eliminating Liquidity

Liquidity providers can choose to burn their liquidity tokens to attract their contribution in the pool. BNB withdrawals are calculated by:

• bnbWithdrawn = bnbPool (totalBurned / totalAmount)
• tokensWithdrawn = tokenPool (jumlahBurned / totalAmount)

BEP20 tokens and BNB tokens are withdrawn according to the prevailing market rate, not the exchange rate at the time of investment. This implies some value can be gained or lost due to fluctuations in the market and arbitrage. Fees taken from trades are added to the liquidity pool without printing new liquidity tokens.

Liquidity token

The Soku Swap Liquidity Token (SOKU LP) represents the provider's contribution to the liquidity pool. These are ERC20 coins or BEP20 tokens depending on which chain they provide liquidity to. These tokens allow liquidity providers to sell or transfer their liquidity between accounts without affecting the liquidity in the pool.

Liquidity tokens are printed and sent to the address of the liquidity provider. They represent the provider's contribution to a base. These tokens are highly divisible and can be burned at any time to return a proportional market share to the vendor. The provider pays reserves and forms a new liquidity brand.

Tokonomics

Nama:   Soku

Base price:    $ 0.88

Blockchain:  BSC

Total Token Supply:    222,222,222

Simbol:   SOKU

Total tokens available for Sale:   111,111,111

Type:   BEP-20

Purchase methods:    BNB, ETH, BTC, USDT

Softcap:   100,000 SOKU

Hardcap:  1,000,000

Read More Here:

Official Site:  https://www.sokuswap.finance/

Twitter: https://twitter.com/SokuSwap

Telegram: https://t.me/sokuswap

Discord:  https://discord.com/invite/DgNnfGWbd4

Facebook: https://www.facebook.com/Soku-Swap-102896308602496

Media: https://sokuswap.medium.com/

Username: SergioRamoz

Link:   https://bitcointalk.org/index.php?action=profile;u=3122354