Crypto Pacitan : Soku Swap

Soku Swap is a Decentralized Exchange (DEX)

What is a Decentralized Exchange (DEX)?

You will soon be able to trade from one wallet, one DEX but on the Ethereum Network and the Binance Smart Chain - All belonging to the Soku Swap Exchange.

The Soku Swap Exchange team is happy to introduce you to a unique decentralized exchange that allows you to trade on the Ethereum Network and the Binance Smart Chain. The team is very busy building a platform that will not only solve the endemic problem of confused about how to use DEX, but also how we can make trading learning fun, easy and profitable.

So what is Soku Swap?

Soku Swap is a decentralized exchange that lives on the Ethereum Network and the Binance Smart Chain. It uses an automated market maker smart contract to create a liquidity pool from ERC-20 tokens and BEP-20 tokens. This allows users to trade using an algorithm versus the order book used on conventional exchanges. The price is determined using the formula x * y = k (x token coins X and y token coins Y, and always maintains the invariance that x ∗ y = k for some k is constant), and this ensures the reserve remains 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 Features:

More Ways to Earn

Soku Swap offers users multiple ways to make money. From providing liquidity to trading or utilizing arbitrage using flash loans. Imagine doing arbitrage trading 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 governance token, you can help define the future of the exchange. And if you make a few trades each week, you will also get a fraction of the trading volume. The more the exchange grows, the more your payout will be. In addition, you can make decisions about what service should come first. 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 network in the blockchain world, it is impossible to run an exchange without using it. But along with size, other problems arise. Binance Smart Chain came out recently and is helping alleviate that problem. With faster trading and lower fees, Binance is definitely one to watch out for. We feel both are important and want to make sure our users have the option to trade wherever they want.

Crypto Classes Are My Favorite !!

Have you ever tried explaining crypto to someone? I bet you do, we all do. We know it's a headache, but we try to educate the people we know because we care for them. 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 fun. We want to make learning easy and profitable for everyone.

Suko Swap Live Onscreen Chat

What's the one thing people hate the most about crypto exchanges? Is this a major drawback of customer service? I know that is one of our team's main complaints. So we decided to fix it. We'll have live chat 24 hours a day to make sure you never have a question you can't answer. No matter where you are, there will be someone just a click away to help if you need them.

No KYC = Privacy

Centralized exchanges require all customers to fill out a form that identifies themselves. You will need to provide your name, date of birth, Jamsostek, blood group, DNA sample, etc. etc. You see what I mean. Crypto was born as a decentralized currency that cannot be controlled and monitored. With DEX freedom, you only need to connect your wallet and make trades.

Making Exchanges

Soku Factory.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)

Storing BNB in reserve requires depositing the equivalent value of the BEP20 token as well. The stored tokens are calculated by a formula

tokensDeposited = tokenPool (bnbDeposited / bnbPool)

Income Liquidity

Suko Swap does not charge a platform fee. Trading fees are low of 0.2%, with 0.17% going to liquidity providers and the remaining 0.03% going to Soku Swap cash, which is part of which goes to development, customer service and user rewards. The swapping fee is immediately deposited into the liquidity reserve.

Token

SOKU 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.