Soku Swap — Decentralized Cryptocurrency Exchange

Published on: 25.10.2021

Soku Swap is a decentralized exchange (DEX) hosted on Ethereum Network and the Binance Smart Chain. The DEX uses automated market maker smart contracts to create liquidity pools of both ERC-20 tokens and BEP-20 tokens. The features allow users to trade using an algorithm versus an order book used on conventional exchanges.

Soku Swap employs a special formula to ensure reserves stay in relative equilibrium.  The reserves are pooled among liquidity providers who supply the exchange with tokens in exchange for a share of the transaction fee. The platform, therefore, utilizes registry contracts to facilitate exchange between different currencies.

Unlike centralized exchanges, Soku Swap does not require you to identify yourself with creepy personal identification demands like name, physical address, date of birth, social security number, blood type, DNA samples, you name it. As a DEX, Soku Swap stands behind the principle of decentralization so they ensure your details are not accessed by anyone, not even them.

TOKENOMICS

  • Name: Soku
  • Symbol: SOKU
  • Blockchain: Binance Smart Chain
  • Type: BEP-20
  • Total Token Supply: 222,222,222

Soku Swap Features

  1. Easy-To-Use AI Flash Loans—You’ll be able to set up arbitrage trades with exchanges like Pancake Swap or Uniswap using $SOKUcoins in a matter of minutes. Soku Swap AI technology will provide you with the information needed for you to understand if the trade you’re considering makes sense, before you decide to execute it.
  2. Governance With $SOKU, governance token, you can help decide the future of the exchange.
  3. Swap Box — All you have to do is buy a package, ranging from $50-$1000 and pick the amount of tokens you would like to receive. Click the swap button and the tokens are yours. It’s the best way to expand your portfolio without having to do the manual work that comes along with it.
  4. Two Networks, One Exchange — On Soku Swap, you can make trades on the Ethereum Network and the Binance Smart Chain.
  5. No KYC Needed — With the freedom of the Soku Swap DEX, all you need to do is connect your wallet and make your swaps. That simple, truly decentralized experience.

Decentralized Exchanges (DEXs) allow users to execute peer-to-peer transactions without the need for a third party or an intermediary. The centralized exchanges users have for many years complained about challenges associated with such platforms, including the high risk of hacking, market manipulation, and lack of anonymity. The DEXs were meant to solve these problems, and help users trade with more anonymity, security, and surety that no one would breach the system to manipulate the token prices.

RESOURCES
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