Cryptosouk | Crypto Exchange For Middle East-Project Review

The world the cryptocurrencies have taken off within the last year, booming both in price and popularity. To capitalize upon this market trend, Cryptosoukplans to develop and implement a new exchange for cryptocurrencies. The team plans to focus on market needs for traders specifically. To do so, they ’ve put together a plan to develop a new trading platform in which novice traders and professionals alike will benefit from a variety of exciting new features. First, on a technical level, the team plans to implement institutional grade security, advanced API for partners to develop on top of the platform, and the platform will operate with an enterprise level matchmaking which can process 1 million transactions per second. The Cryptosouk team will also implement policies which benefit token creators as well. To do so, the platform will allow for token payment for new token listings, offers for exclusive listing discounts, and finally an exciting token repurchase program. 

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Cryptosouk Objectives

The Cryptosouk team has worked hard to find the market needs while developing a new token exchange platform. One example is that on the Cryptosouk platform users can purchase Souk tokens which can be utilized for users to pay their exchange fees at a lower rate.  Furthermore, to benefit customers on the platform, the team has promised to invest heavily in world class customer service while enhancing the customer experience in the exchange. Another example of this, the platform will offer over twenty ordering options instead of traditional trading options such as limit orders or stop orders. The platform will offer interoperability with traditional and DLT infrastructure. This should help increase the platform’s functionality and thus benefit both users and tokens to be listed on the platform. Finally and most importantly, the team plans to implement institutional grade security on the platform. Since many exchanges are targets for hackers this is a great objective to see the team focus upon.

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