SokuSwap at ICOSpeaks: AMA Summary

sokuswap ama at icospeaks
sokuswap ama at icospeaks

September 27-th SokuSwap held an Ask Me Anything session with the ICOSpeaks team at our telegram chat.

1️⃣ Block 1  – self introduction from  today’s  speaker 

Before we go to the first set of questions, could you please do a short self-intro?

👨‍💻  Rick The DeFi Guy |  SokuSwap Community Manager|
Im Rick the DeFi Guy from SokuSwap! I and the community manager for the project and I help pretty much where ever I can within the entire project. I spent 10 yrs in OIL n GAS and now im here in the crypto space with yall.  I have vast experience in crypto mining and DeFI

2️⃣ Block 2 – project introduction by speakers

First set of questions to introduce the project!
Q: What is SokuSwap?

A: SokuSwap is an 8 network Cross Chain Aggregator.  Within the Swap we also have Yield farms, Limit order function, in house bridge, fiat on-boarding, an educational platform and an NFT Marketplace. We also have a dual token ecosystem completely unique with a sustainable reward system.  Soku is the primary token and will be the currency for the Soku NFT marketplace and spendable on a debit card.  Soku is a non mintable governance token with a 222mill supply spanning across 2 networks, Ethereum and Binanace Smart Chain. We offer whitelabel integration for any project!

Q: You mentioned dual token whats the second token and how does it work?

A: Our second token is Sodatsu.  The presale for Sodatsu starts today and will support SokuSwap with buy backs from transactional volume.  Platform fees will go into Sodatsu buy backs which in turn will also buy back Soku through Sodatsu contract function. Sodatsu has a 10% fee.  3% Soku buy back rewarded to holders, 1% Soku buy back for marketing, and 6% to Sodatsu liquidity.  

Q: What are the key benefits of joining the Sodatsu presale?

A: 15% discount and a low launch marketcap.  SokuSwap and Soku NFT platform fees will do buy backs of Sodatsu.  Sodatsu rewards holders Soku for holding Sodatsu. You can use your Soku earnings to spend on a debit card and Soku is the currency for the NFT marketplace.


3️⃣ Block 3 – question from ICO Speaks team
Questions from ICOSpeaks team!

Q: Why Choose SokuSwap over other defi projects?

A: SokuSwap offers a one of a kind Ecosystem. Soku will be the currency in the NFT marketplace and spendable on a debit card.  The ecosystem is Sustainable with Soku buy backs from Sodatsu and Sodatsu buybacks from platform fees. This ecosystem exists nowhere else. 

Q: Why should someone participate in the Sodatsu presale?

A:As i mentioned Sodatsu is integral to our ecosystem.  Holders benefit in multiple ways.
Sodatsu presale offers a 15% discount compared to open market trading.  Sodatsu will launch with a very low marketcap and platform fees will immediately start buying back Sodatsu.  Sodatsu earns holders an already established token called Soku. The platform buybacks are unique and can get very big once the NFT marketplace gets the traction we think it will. This also means with more buybacks we can offer higher APRs! This means more passive income to all holders

Q: What is the educational platform you mentioned?

A: Our educational platform is called DeFi Decomplicated. It offers a one stop shop for all things crypto related.  We also teach people how to do all the amazing things that Defi has to offer like yield farming, wallet setup, security tips, trading tips, and much much more.

4️⃣ Block 4 –  Community Voice.
Community asks the questions they are interested in.

Q: When is the Sodatsu presale?
A: Sodatsu presale is hosted by pinksale and launches today (september 27th) at 4pm UTC

Q: Will you have any referral rewards for the presale?
A: Yes! Verified referral participants can win our Soku Samurai NFTs that have loads of benefits! But time is running out refer as many people as you want! 

Q: Is there a whitelist for the presale?
A: No, the Sodatsu presale is first come first serve!

Q: Is Soku and Sodatsu Audited?
A: Yes! We have several audits for the entire platform, Certik audit for Soku, Coinsult audit for Sodatsu, and Hashex for out limit orders!

Q: Whats the Supply of Soku and Sodatsu?
A: Soku no tax non mintable 222 mill supply and Sodatsu has a 10% fee non mintable 22.2 mill supply

Q: You mentioned whitelabel integration can you elaborate on that?
A: We are partnering with a new Wallet and our Cross-Chain Swap function and NFT marketplace will be completely integrated into the wallet.  We will also use this wallet to onboard on our landing page

Q: What is the biggest challenge SokuSwap has faced during this tough market?
A: Markets like these are always challenging but we have an amazing utility that deserves to be seen.  Marketing has been a challenge during these tough market conditions.

Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token? What is the income model?
A:Great question! As I meantioned were launching out NFT Marketplace. We will get fees from transactions and those fees will cover Sodatsu buybacks, marketing, and development. The Swap also has very small fees. We will use those fees for the same mentioned above

Q: The crypto industry is a fast-paced industry, how flexible is your Project to change quickly and keep pace with technology trends? What is your long-term vision for the forecasting industry in which the your Project project operates?
A: Since we launched we have already evolved so much


Q: Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
A: Our Soku Samurai NFTs do currently have utility right now with weekly drawings getting ready to start as well as discounts on merch


Q: Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
A: Our Soku Samurai NFTs do currently have utility right now with weekly drawings getting ready to start as well as discounts on merch


Q: Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
A: Sodatsu means grow in japanese! This is a great question


Q: Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
A: Our NFT marketplace offers unique features offered nowhere else!
Start and Stop time
And the cleanest UI/UX you will find
Not to mentioned it goes hand in hand with our incredible ecosystem!


Q: What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
A: We are strong believers that mass adoption is coming! This is why were developing our Soku token to be a spendable asset on a debit card anywhere visa, google pay, and apple pay is accepted. Sodatsu is amazing because you can hold sodatsu and earn that spendable asset – Soku


Q: Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
A: I get asked this alot! Our Soku Supply is 222mil between two networks. Sodatsu is only 22.2 mill  for reference bitcoin only has 21 mil. As Soku will be a currency we dont want to burn. We like the eb and flow of a spendable currency. Sodatsu is part of the buy back model from platform fees and burning is just not needed with such low supply

Q: What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
A: Holding Sodatsu means youll earn more Soku. Farming with Soku means youll earn more Sodatsu. Platform fees buy back Sodatsu and Sodatsu contract function buys Soku. Every apsect of Holding our token means you can earn more through sustainable automation.


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😉

Cheers 🥂

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