Soku Swap | Two Networks, One Decentralized Exchange

Mei 21, 2021

Soku Swap | Two Networks, One Decentralized Exchange

what is Soku Swap?

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 is a decentralized exchange that lives on Ethereum Network and the Binance Smart Chain. It uses automated market maker smart contracts to create liquidity pools of both ERC-20 tokens and BEP-20 tokens. This allows users to trade using an algorithm versus an order book used on conventional exchanges.

Prices are determined using the formula x*y=k(x coins of token X and y coins of token Y, and always maintains the invariant that x∗y=k for some constant k), and this ensures reserves stay in relative equilibrium. Soku Swap reserves are pooled among liquidity providers who supply the exchange with tokens in exchange for a share of the transaction fee. Soku Swap utilizes registry contracts to facilitate exchange between different currencies. The system mechanics ensure trades between cryptocurrencies are based on their relative supply.

The platform is easy to use, supports privacy, and offers lower gas fees. Soku Swap is designed for traders and performs exceptionally well as a component of other smart contracts that require guaranteed on-chain liquidity.

The Exchange

Creating Exchanges

SokuFactory.sol is the smart contract where all the magic happens. It creates exchanges for each trading pair on Soku Swap. The public function createPair()allows any user to deploy an exchange contract for any pair of ERC20 or BEP20 tokens that do not already have one. The code below shows how the exchange is executed.

Lower Gas Fees

Soku swap is designed with gas efficiency at its core. Using the AMM smart contracts we're able to lower gas fees to 10% of normal exchanges. This gas efficiency is replicated in nearly all swaps between supported cryptocurrencies on the platform. Soku Swap has significant gas reductions compared to on-chain order book exchanges. And due to the higher fees on the ETH Network due to the massive recent interest in NFT's, the ability to make swaps on the Binance Smart Chain, allows you to make
trades with even lower fees.

Our Features

Easy-To-Use AI Flash Loans

No this will not do everything for you, but it will make it much easier for you to do. You'll be able to set up arbitrage trades with exchanges like Pancake Swap or Uniswap using our coins in a matter of minutes. Our AI technology will help you to see if the trade you're going to make will be profitable or not before you start. Flash Loans are not just for developers anymore. They're for the people.

Not Just a Trader Here, You're More Like an Owner

With SOKU, our governance token, you can help decide the future of the exchange. And if you make a few trades each week you'll also get a small portion of the trading volume. The more the exchange grows, the more your payments grow. Plus you get to make decisions about what services should come first. If you stash enough of those SOKU, we might have to get you a parking spot with your name on it.

Grab a Swap Box

If you’re feeling adventurous, or don’t know what to invest in, let us do the work for you. Each week, our team goes through a list of the top gainers and most traded tokens in crypto. We make sure the tokens are verified and do the research for you! 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.

Check The Token Score

Unsure on the validity of a token? We can help you! Our team will read through all the whitepapers of project tokens listed on the exchange and give you their liquidity, total supply, team members, use cases, and whether or not you will be able to sell the tokens. Each token is given a percentage score based on our assessment. Don't get caught buying another scam coin. Start making informed decisions using the token score system today.

Two Networks, One Exchange

On Soku Swap, you can make trades on the Ethereum Network and the Binance Smart Chain. Ethereum being the largest decentralized network in the world of blockchain, it's impossible to run an exchange without using it. But along with size comes other problems. Binance Smart Chain came along recently and helped alleviate those issues. With faster trades and lower fees, Binance is definitely one to watch out for. We feel that they are both important and want to make sure our users have the options to make their trades wherever they'd like.

Crypto Classes Are My Favorite!!

Have you ever had to try to explain crypto to somebody? I'm sure you have, we all have. We know it's a headache but we try to educate the people we know because we care about them. Well imagine if you could send them a link to some free crypto classes, and the more classes they do the more you both earn. And don't worry, we'll keep them short and fun. We want to make learning easy and profitable for everybody.

Soku Swap Live Onscreen Chat

What's the one thing people really hate about crypto exchanges? Is it the major lack of customer service? I know that was one of our teams major complaints. So we decided to fix that. We're going to have live chat 24 hours a day to make sure that you never have a question that you can't get answered. No matter where in the world you might be, there will be someone one click away to help if you ever need.

No KYC = Privacy

Centralized exchanges require all customers to fill out forms identifying themselves. You need to provide your name, date of birth, Social Security, blood type, dna sample, etc, etc. You get my drift. Crypto was born to be a decentralized currency that couldn’t be controlled and monitored. With the freedom of the DEX, you just need to connect your wallet and make your trades.

SOKU Token and Decentralized Governance

SOKU Token

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. Users willl have the ability to vote on what changes/upgrades they think we should make first.

Tokenomics

Name: Soku
Base price: $0.05 USD ($0.07 USD for Launchpad, May 15th 2021
Blockchain: BSC
Total token supply: 222,222,222
Symbol: SOKU
Total tokens available for sale: 111,111,111
Type: BEP-20
Purchase methods: BNB

Token Distribution

Token Allocation

Token Lock-up Period

The equivalent value of 0.05% of all trading fees that take place on the exchange will be locked up in SOKU Tokens every 30 days for 30 days. These tokens will be released and a new lock up will start. As the trading volume grows, the amount of tokens locked every 30 days will increase.

Roadmap