Soku Swap
Soku Swap - The easiest place to trade Crypto
Hi everyone… 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 article I created below to give you a really good overview of the project, then What benefits do they give to everyone? 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.
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.
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 solve with crypto payments. 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.
Features
Soku Swap 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 on 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.
features
- More Ways to Earn
Soku Swap offers customers a variety of ways to earn cash. From offering liquidity to trading or abuse abitrage using progress streaks. Imagine doing trade trades with Pancake Swap or Uniswap for Millions of Dollars using our coins in our easy-to-use Flash Loan System.
- Not Just Traders Here, You Are More Like An Owner
With SOKU, our organization's token, you can help determine the fate of the exchange. In addition, if you make several trades each week, you will also get a fraction of the trading volume. The more exchanges create, the more portion you will have. Next you will make decisions about what organization to start something with. If you store enough of the SOKU, we may need to provide a parking space in your name.
- Two Networks, One Exchange
On Soku Swap, you can trade on the Ethereum Network and the Binance Smart Chain. Ethereum being the largest decentralized association in the blockchain domain, it is difficult to run an exchange without using it. However, getting closer to size comes various problems. Binance Smart Chain came in recently and mitigated that problem. With faster trading and lower fees, Binance is definitely one to watch out for. We feel that they are both critical and need to ensure our customers have the option to make trades wherever they want.
- Crypto Class is My Favorite !!
Have you ever wished to try to reveal crypto to someone? I'm sure you have, we generally have. We know this is a headache, but we try to teach the people we know because we care about them. Well, guess what you can send them peers with some free crypto classes, and the more classes they do, the more you both get. Also, don't be pushy, we'll keep it short and fun. We need to simplify learning and benefit everyone.
– Suko Swap Live Onscreen Chat
What's the one thing people really scoff at about crypto exchanges? Is this a critical shortage of customer support? I understand that is one of the big complaints of our meeting. So we decided to fix it. We will make in-person visits 24 hours a day to ensure that you never have a request that cannot be answered. Regardless of which part of the world you are in, there will be someone ready to help if you need them.
- No KYC = Privacy
Concentrated exchange requires all customers to balance a structure that sees themselves. You will need to provide your name, date of birth, Social Security, blood arrangements, DNA testing, etc. etc. You got my buoy. Crypto is sure to be decentralized cash that cannot be controlled and checked. With DEX opportunities, you basically need to connect your wallet and make trades.
Making Exchanges
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.
Adding 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 withdraw their contribution to the pool. BNB withdrawals are calculated by:
- bnbWithdrawn = bnbPool (totalBurned / totalAmount)
- tokensWithdrawn = tokenPool (sumBurned / 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 Tokens. Liquidity tokens
Soku Swap (SOKU LP) represents the provider's contribution to the liquidity pool. They are ERC20 coins or BEP20 tokens, depending on which chain they provide liquidity to. These tokens allow liquidity providers to sell their liquidity or transfer it 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 proportionate share of the market to the provider. The provider puts into reserve and prints new liquidity tokens.
The BNB sent to the function determines the number of liquidity tokens to be printed. The formula below calculates the tokens that are printed
sumMinted = totalAmount (bnbDeposited / bnbPool)
Saving BNB into backup call to deposit BEP20 token equivalent value as well. Stored tokens are calculated by formula
tokensDeposited = tokenPool (bnbDeposited / bnbPool)
Tokonomics
Name: Soku
Base price: $ 0.88
Blockchain: BSC
Total Token Supply: 222,222,222
Symbol: 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
Distribution
Roadmap
To conclude
The Soku Swap phase is planned for sellers and performs very well as part of another smart advantage that requires guaranteed liquidity on the chain. With a representative arrangement a few days before the event, this is the perfect opportunity to get involved and get the amazing rewards you need for Soku Swap…
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/
by ; zaka72
link: https://bitcointalk.org/index.php?action=profile;u=2579374
Komentar
Posting Komentar