Post
Topic
Board Announcements (Altcoins)
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
by
james7854
on 03/07/2018, 21:04:44 UTC
Following with be the usage assuming Hard Cap is met. It will be spent in following proportionate

20% Marketing/Community
15% Market Liquidity
25% Product Development
40% Legal and Licensing.


Don't forget to join our Telegram Channel https://t.me/cryptosouk_community_en

Regards
MaZeeCM


What does it mean bolded part,market liquidity?

Market liquidity is a broad term to describe an asset being bought or sold for stable market prices. Having a part of your funds aside for market liquidity helps to assure the company can go through bad moments on the market.


Where exactly is your team stationed, do you have some kind of headquarters?
The company is pursuing an exchange license in the Abu Dhabi Global Markets (ADGM) where, with an office in Kuwait as well, our operations generally occur.

You may also visit their White Paper on this link:
https://cryptosouk.io/user/themes/custom-theme/pdf/whitepaper_v2.pdf

Maybe in Dubai?

Have a look at the team on their website https://cryptosouk.io/en/ico#team , and check out the whitepaper.

This is good info. Thanks!