About Soku Swap
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.
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 only need to connect your wallet and make trades.
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 (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 Token
The Soku Swap (SOKU LP) liquidity token 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)
Tokenomics
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
Token Distribution
Budget allocation
All tokens sold during the Presale will be stored for 30 days. You will receive an SSoku Token which can be exchanged for 1 SSoku Token: 1 Soku Token. You can exchange your SSoku Token for your Soku Token after 30 days via Soku Swap.
SSoku can only be exchanged for Soku, not other tokens.
For more information on this project see the link below:
Website: https://www.sokuswap.finance
ANN: https://bitcointalk.org/index.php?topic=5327040.0
Twitter: https://twitter.com/SokuSwap
Telegram: https: //t.me/sokuswap
Discord: https://discord.gg/DgNnfGWbd4
Facebook: https://facebook.com/Soku-Swap-102896308602496
Youtube: https://www.youtube.com/channel/UCdJFtg_BmXHhPeCJVgoqF3A
Media: https: //sokuswap.medium .com
Username: Alvino02
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3259634
BEP-20 wallet address: 0x3827E26d4cf7212667782111c8Feb55245d47195
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