Soku Swap
Soku Swap - The easiest place to trade Crypto
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 traditional exchanges.
Knowing that the biggest obstacle to getting started was a lack of education and knowledge about cryptocurrency trading, they decided to focus on it. Anyone can take action with on-screen chat to answer any question and step by step on-screen instructions. And if you want to know even more, there are courses you can pay to complete in crypto. You can even get paid to send people to class.
Soku Swap also has several advantages, such as: B. the ability for users to use our governance tokens to make decisions about the future of DEX. 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 trading model called an automated liquidity protocol. Soku Swap works on the Ethereum network and 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.
The 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.
Soku Swap Feature Soku Swap offers users many ways to make money. From providing liquidity to trading to using concession loans with term loans. Imagine making a multimillion dollar arbitration deal with Pancake Swap or Uniswap using our coins in our easy-to-use flash loan 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 are tired of SOKU, we may need to provide a parking space marked with your name.
At Soku Swap you can make transactions on the Ethereum network and the Binance Smart Chain. Ethereum is the largest decentralized network in the blockchain world, so it is impossible to start an exchange without using it. But apart from size, there were other problems. The Binance Smart Chain was recently developed to address 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 make transactions wherever they want.
Have you ever tried explaining cryptocurrency to someone? I'm sure everyone has. We know it's a headache, but we try to educate the people we know because they are important to us. Imagine if you could send them a link to some free crypto class. The more classes they offer, 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.
What do people really hate about crypto exchanges? Is this a major flaw in customer service? I know this is one of our team's main complaints. So we decided to fix the problem. 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.
In the case of a central exchange, all customers must complete a self-identification form. You will need to provide your name, date of birth, social security, blood type and DNA sample. Cryptocurrency was born as a decentralized currency that cannot be controlled or tracked. With DEX freedom, all you have to do is connect your wallet and complete the trade.
Making Exchanges SokuFactory.sol is a smart contract where all the magic happens. An exchange is made for each trading pair on Soku Swap. With the public createPair () function, each user can provide an exchange contract for a pair of ERC20 or BEP20 tokens that do not already have one. The following code shows how the exchange is carried out.
Lower Gas Costs The
Soku Swap is designed for gas efficiency. With the AMM smart contract, we can lower 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 swapping order books in a chain. And due to higher fees on the ETH network due to the great interest in NFTs lately, the ability to swap on the Binance Smart Chain allows you to complete trades at a lower fee.
Add liquidity
Adding liquidity involves entering the equivalent value of ETH & ERC20- or BNB & BEP20 tokens in the appropriate exchange contract. Initial liquidity providers determine the initial exchange rate by depositing what they think is proportional to the value of the coins and tokens. When the initial rates are low, the arbitrage trader balances the rates at the expense of the initial providers.
Remove
Liquidity Liquidity providers can choose to burn their liquidity tokens to withdraw their contribution to the pool. NBB payments are calculated by:
bnbWithdrawn = bnbPool (amountBurned / totalAmount)
tokenWithdrawn = tokenPool (amountBurned / totalAmount) BEP20
tokens and BNB tokens are withdrawn according to the interest rate prevailing in the market and not in accordance with the interest rate prevailing at the time of investment. This implies that some value can be gained or lost due to market fluctuations and arbitrage. Fees charged on trades are added to the liquidity pool without any new liquidity tokens being printed.
Soku Swap Liquidity Tokens (SOKU LP) Liquidity Tokens represent 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.
The NBB sent to the function determines the number of liquidity tokens to be printed. The following formula calculates the tokens that are printed
sumMinted = totalAmount (bnbDeposited / bnbPool)
Storing BNB in reserve also requires a deposit of a value equivalent to the BEP20 token. The stored tokens are calculated according to the formula
tokensDeposited = tokenPool (bnbDeposited / bnbPool)
Tokenomics Name: Soku Base Price
: $ 0.88
Blockchain: BSC
Total Token Stock: 222,222,222
Symbol: SOKU
Total Tokens Sold: 111,111,111
Type: BEP-20
Purchase Method: BNB, ETH, BTC,
USDT Softcap: 100,000 SOKU
Hardcap: 1,000,000
token distribution
Allocation of resources
More information about this project:
Website: https://www.sokuswap.finance
ANN: https://bitcointalk.org/index.php?topic=5327040.0
Twitter: https://twitter.com/SokuSwap
Telegram: https : / /t.me/sokuswap
Disputes: https://discord.gg/DgNnfGWbd4
Facebook: https://facebook.com/Soku-Swap-102896308602496
Youtube: https://www.youtube.com/channel/UCdJFtg_BmXHhPeCJVgoqF3A
Media : https: //sokuswap.medium.com
by ;ahjushi
link: https://bitcointalk.org/index.php?action=profile;u=2579936
Komentar
Posting Komentar