Cross-Chain DEX, Soku Swap, arrives on BSCstarter

5 min readMay 23, 2021

Built to operate on Ethereum & Binance Smart Chain, Soku Swap aims to be a DEX with a difference…

The beauty of a decentralized launchpad like STARTER is that new and exciting projects can set up their pool on the platform and lobby the community for votes to grant them an IDO.

There is no other launchpad like that, and although others are trying to mimic it, STARTER remains the first-mover and market leader.

The latest exciting project to join BSCstarter for voting is Soku Swap! Described as a DEX that focuses on customer service, Soku Swap will be a cross-chain DEX operating on Ethereum and Binance Smart Chain.

It is up to our $START-ers to decide if they want this project to go to IDO or not.

So let’s dive in and find out what Soku Swap is all about.

What is Soku Swap?

Soku Swap has been in development for over a year and is a collaborative effort of a team of 9+ people worldwide. With a Telegram group of over 6k members and a Twitter following over 1.8k, Soku Swap has steadily built its community during the development phase.

Soku Swap describes itself as a DEX with a difference. However, some things remain the same as other DEXs, such as its use of automated liquidity pools to allow buying and selling of supported tokens at any time.

Beyond the fact that it aims to be a DEX that offers customer service, several other differences set Soku Swap apart…

Flash Loans

As well as offering users the ability to earn through liquidity pool farming, Soku Swap will offer many DeFi protocols, including ‘easy-to-use AI flash loans.’

Soku Swap describes this as a great way to set up arbitrage trades with exchanges like Pancake Swap or Uniswap using any Soku Swap supported coin in a matter of minutes. Their AI technology will help you to see if the trade you’re going to make will be profitable or not before you start. Flash Loans are not just for developers anymore. They’re for the people.

Crypto Classes

Although Crypto Classes and ‘educate and earn’ programs aren’t a brand new concept, there aren’t currently any DEXs that implement these into their platform and reward both the referrer and the user for taking part.

“Imagine if you could send your friend a link to some free crypto classes, and the more classes they do, the more you both earn.”

Soku Swap Box

The Soku Swap Box is a bit like the ‘mystery box’ concept.

If you’re feeling adventurous or don’t know what to invest in, Soku Swap will do the work for you. Each week, their team goes through a list of the top gainers and most traded tokens in crypto.

They make sure the tokens are verified and researched for you. Then, all you have to do is buy a package, ranging from $50-$1000 and pick the number of tokens you would like to receive.

A new level of Token Scoring

The Soku Swap team will read through the whitepapers and resources of all tokens listed on their exchange and provide access to several metrics, including liquidity, total supply, team members, use cases, and whether or not you will be able to sell the tokens and where.

Each token obtains a percentage score based on the overall assessment. Soku Swap hopes to help protect Crypto Newbies from getting the rug pulled by scam coins with this service.

Dependable Customer Service

What’s the one thing people hate about crypto exchanges? It’s often the poor customer service and communication.

Soku Swap aims to fix that by having a live chat 24 hours a day to ensure that you never have a question that you can’t get answered. So no matter where in the world you might be, there will be someone one click away to help.

No KYC

In true DEX style, Soku Swap will never ask any user to KYC or reveal information about themself.

Not Just a Trader but an Owner

$SOKU is a governance token, which means you can help decide the future of the exchange.

And if you make a few trades each week, you’ll also get a small portion of the trading volume. The more the exchange grows, the more your payments increase.

Tokenomics

Token ticker: $SOKU

Total Supply: 222,222,222 $SOKU

Public Sale: 111,111,111 $SOKU (50%)
Rewards: 44,444,444.4 $SOKU (20%)
Advisors: 8,888,888.88 $SOKU (4%)
Foundation: 17,777,777.76 $SOKU (8%)
Bounties: 6,666,666.66 $SOKU (3%)
Team: 33,333,333.3 $SOKU (15%)

IDO Details

Start date: 17:00 UTC 28th May, 2021
Guaranteed Allocation: Yes, 10 minutes. First come first served 17:10 UTC.

Softcap: 325 BNB
Hardcap: 2000 BNB
Minimum contribution: 0.0010 BNB
Maximum contribution: 1 BNB
IDO price: 0.0002260 BNB/Token
Listing price: 0.0002260 BNB/Token

Liquidity allocation: 20%
Liquidity locked: 180 days

Don’t forget to vote YES or NO and decide if Soku Swap goes to IDO.
Link to the IDO pool on BSCstarter: https://bscstarter.finance/#/pool/89