Crypto Pacitan : Soku Swap

Soku Swap is a decentralized exchange (DEX)

hello everyone back again with me, for all who decide to read this review. In it I would like to share with you an analysis of the Soku Swap project . I think the project is promising and I'll be happy to discuss it in the comments.

Soku Swap can be described as 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. DEX uses automated market maker smart contracts to create a liquidity pool from ERC-20 tokens and BEP-20 tokens. Its features allow users to trade using an algorithm versus the order book 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 are SOKU Tokens?

SOKU is a governance token that allows holders to vote on upcoming upgrades. Soku Swap is a decentralized exchange made for the people, run by the people, and governed by the people. You will have the ability to choose what changes / improvements you think we should make first.

Soku Swap Features:

No kyc:

Soku Swap offers the opportunity for users to connect their wallets and make their trades unlike others which require kyc to be performed such as date of birth, social security, blood sample and DNA sample to be taken into account.

Multiple ways to earn:

Soku swaps provide people with different ways to make money. Namely: providing liquidity, flash loans for arbitration? It also gives us the ability to use arbitrage trading with swap and uniswap pancakes for millions of dollars

Advantages of DEX

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.

No Counterparty Risk - The main attraction of decentralized cryptocurrency exchanges is that they don't hold customer funds.

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.

Two networks, one exchange:

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.

You are not just a trader; You are also more like the owner.

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.

Suko swap live onscreen chat:

The customer support for shop swaps is excellent and takes care of all issues regardless of their worldwide nature. They have 24 hours; 7 days a week to ensure questions are answered as quickly as possible.

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 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 the pool. These tokens are easy to share and can be burned at any time to return a proportional market share to the supplier. The provider keeps deposits as reserves and issues new liquidity tokens.

The BNB sent to the function determines the number of liquidity tokens issued. The formula below calculates the tokens that are printed.

sumMinted = totalAmount (bnbDeposited / bnbPool)

Storing BNB in reserve also requires a deposit with a value equivalent to the BEP20 token. The donated token is calculated using a formula

tokensDeposited = tokenPool (bnbDeposited / bnbPool).

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