October 25-th held an Ask Me Anything session at ICO Speaks telegram chat. From the SokuSwap side there was :
💻 Rick | @RickyCrypt0 |
First id like to say thankyou to everyone for coming.
Im Rick with SokuSwap.
we are a Multichain AMM Dex operating on the binance smart chain and Ethereum network. We Offer a simple, straight forward, and user friendly DEX to trade all of your cyrpto needs with these two chains.
We have some really cool features one of the main is the LIMIT ORDER automation
Let’s get started!
Q. What is SokuSwap and what makes Soku different from other DEXes?
A. SokuSwap is a MultiChain AMM Dex for Ethereum and Binance smart chain featuring Limit Order automation. Soku is the first Multichain dex with this capability.
Besides the limit order function well soon have a unique reward system for our farms and up coming staking pools. We focus on being simple and easy to use for every level of investor.
Q. What is SokuSwaps general philosophy? Whats the driving force behind SokuSwap?
A. As I mentioned, Soku focuses on being a Dex for everyone. Simplicity and ease of use through that simplicity. Soku also focuses on trying to educate the public about crypto through its presence in social media.
Soku wants to be the on stop shop for all crypto. We feel that incentivizing our functions through yield farms and staking pools can help us reach our goals together with our strong, growing community. As an investor myself I constantly try to help all those who seek information and assistance when using soku or any crypto for that manner. The team at Soku individually has a similar altruistic approach.
Q. What are the tokenomics and how can individual investors participate, and benefit from Soku?
A. Soku has 222,222,222 supply and no tax on transactions. The dex provides yield farms and will also have single token staking pools. The Limit Order automated feature will help provide a safe way to make trades. Growth will come from our marketing campaigns and project partner outreach.
The new reward token will provide an efficent way to help ease selling pressure from the native Soku token. Soku strives to be a safe place for investors to purchase all of their crypto
Q. What new and exciting features is Soku bringing to the DEX?
A. Today we will be launching our single staking pools and a new reward token. One of our biggest features is the Limit order automation, soon we will have our stop loss automation to compliment the limit order automation.
Some day soon we hope to launch the live chat support from our website. We also plan to update the current website. As Soku evolves we will constantly update the UI and DeX features. Soon we will have our AI Flash loands Our 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. another cool feature well have soon is our swap boxes. 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. With all of these cool features coming the Soku 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.
Q. Could you share what is currently the main focus of the Soku Swap team? What are your plans for the nearest year in terms of marketing and business development? How do you plan to expand the network, community, partnerships, etc?
A. Our main focus is on building our user base and forming strategic partnerships.
On the marketing front, we plan on using all aspects — guerilla marketing, partnership marketing, affiliate marketing, influencers, articles and publications and creative marketing campaigns
On the business development front, we are aiming for strategic partnerships to help better our platform every step of the way
We plan on expanding through our years of experience in cryptocurrency, through our personal network, and outreach. Soon we will be migrating to our own routers becoming independent from PCS. As we do this we will be bringing on yield farms for all major pairings.
Q:Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
A: Yes we have yield farms and staking pools…. both of these offer passive income for holding and utilizing Soku. Soku has a relatively low supply so the opportunity for explosion is very real.
Q: Is the goal of your project primarily to reach large investors or will you build a global scale of millions of small investors?
A: As i mentioned Soku is here for everyone. We wont scale for large investors only, infact we focus on educating the beginner all the way up to the expert. Our DEX features are simple and seemless. Our community is very responsive and very helpful whenever possible.
Where can I buy your tokens now. What are your current contracts, and how can I buy them and what are the benefits?
A: Currently we encourage you to use app.sokuswap.finance
we are also available on pancakswap as well
you can import our contract address there
Q:Could you tell me what is the usecase of your token and is there any staking options available to get passive income?
A: Yes absolutely! We have competitive yield Farms and today we launch our staking pools!
Q:Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
A: My personal favorite feature:
Automated LIMIT ORDERS this allows you to set your desired price and amount of tokens and the automation takes over. the price is reflected by the AMM DEX
Our new unique reward token launches today. This is something we are bringing to the platform to make all of the rest of the utility more efficient.
Our general philosophy of educating everyone about crypto and our simplicity is a great kill feature that i believe cannont be understated
Q:What can we expect to see from your platform in the short-term (at some point in 2021) & 2022?And beyond (long-term goals)?????
A: As we migrate to our own routers well be bringing on the yield farms to move liquidity to our standalone system. Eventually we want to branch out into other networks such as Cardano, Solana, Tron etc
short term well be updating our UI and bringing on new innovative features like the new reward token
Q: what kind of support the COMMUNITY is providing for your project and what kind of assistance is being provided?
A: Yes please visit our Telegram
were always around to provide help! the team is friendly and supportive. We have daily shill projects. Investors talk about their investing strategies and philosophy
Q:Can you talk about your team members? What are their experiences and qualifications?
A:Yes our CEO is an experienced business owner. He has years of running successful projects. He is a true leader.
the rest of the Soku team consists of enthusiastic investors that share a love for crypto.
i started with mining, Asics and GPUs
Q:Every day Many projects are launching and they promise growth but after some time they just vanish away!!
So How you will sustain yourself in this very competitive environment of cryptocurrency?
A:Our innovations and our long term goals will continuously evolve and we listen to our community. We are designed for the long term as we are a Multichain DEX
Q:Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
A:We are looking into NFTs as perhaps a reward system for competitions or earning the nfts through referral projects
Q:Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
A:Yes as we grow we will bring on new partnerships. Our upcoming yield farm will be with Hodl2.0 and well have staking pools for several projects as well. We focus on providing cross promotions for all projects as we join together.
Q:Is your platform a global or is there any restriction to certain regions?
A:SokuSwap is decentralized. We are not restricted to one geographical region.
ICOSpeaks hosted an AMA Session with the SokuSwap Team. That’s all for today.
Thanks to all users who participated.
Thanks, SokuSwap for being with us
Thanks, all and see you soon😉
Wanna know more?
Take a look at our other ama sessions