Quote from: BoutrosBoutrosGhali on August 18, 2018, 04:30:59 PM

Quote from: MaZeeCM on August 18, 2018, 03:48:11 PM

Quote from: LogitechM590 on August 18, 2018, 08:29:18 AM

What will be the main purpose of SOUK tokens?

Our vision is to build the next generation digital asset exchange for traders of every skill level with the aim of making digital currency trading accessible to everyone. We are devoted to enhancing our customers trading experiences with quick trade execution, fair pricing, world-class customer service, endless improvement and limitless creativity. The main purpose of our Souk Tokens are the following:

1. Tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. We reserve the right to create special promotions and windows where token discounts on fees will be higher for a period of time, but they will always be worth a discount of at least 30%. Certain pre-ICO and early ICO coin buyers will get an additional discount applied to the general fee discount.

2. Tokens will be the method of payment for the listing of new asset pairs from projects that also meet our diligence review for soundness.

3. The company will, after $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of its quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole election. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens. However, the company, at its sole discretion, can re-acquire and burn all 56 million tokens originally issued.

Best Regards,

MaZeeCM

Are we going to be able to trade those tokens on other exchanges?

That is a good question,but i doubt it will be traded on other exchanges right from the start,better use it internally