Exchange on Two Network with Soku Swap

April 29, 2021

Introduction

You will soon be able to trade from one wallet, one DEX, but also on the Ethereum network and on the Binance Smart Chain - all thanks to Juice Swap Exchange.

The Soku exchange team is delighted to present you with a unique decentralized exchange that allows you to trade both on the Ethereum network and on the Binance Smart Chain. The team was very busy building a platform that would not only solve the endemic problem of confusion about how to use DEX, but also how we could make learning to trade fun, easy and profitable.

So, what is Soku Swap?

Soku Swap is a decentralized stock exchange that lives on the Ethereum network and the Binance Smart Chain. Uses smart contracts of automated market makers to create liquidity groups and ERC-20 tokens and BEP-20 tokens. This allows users to trade using an algorithm relative to the order book used on conventional exchanges. Prices are determined using the formula x * y = k (x token coin X and y token coin Y and always maintain the invariant that x ∗ y = k for some constant k), and this ensures that reserves are kept in relative equilibrium. Soku swap reserves are pooled among liquidity providers who supply the stock exchange with tokens in exchange for a portion of the transaction fee. Soku Swap uses registry agreements to facilitate exchanges between different currencies. The mechanics of the system ensure that trading between cryptocurrencies is based on their relative supply.

Soku replacement features:

more ways to make money

Soku Swap offers many ways for users to make money. From providing liquidity to trading or exploiting dishonesty using quick loans. Imagine arbitrarily trading a pancake swap or a million dollar swap using our coins in our simple Flash loan system.

You are not just a trader here, you are like an owner

With SOKU, our management token, you can help decide on the future of the exchange. And if you make a few trades each week, you will also get a small portion of the trading volume. The more the exchange grows, the more your payments grow. In addition, you make decisions about which services should come first. If you save enough of these SOKUs, we may need to provide you with a parking space with your name on it.

Two networks, one exchange

On Soku Swap you can trade on Ethereum network and Binance Smart Chain. Since Ethereum is the largest decentralized network in the world of blockchain, it is impossible to start an exchange without using it. But along with size come other problems. Binance Smart Chain has recently appeared and helped alleviate these problems. With faster trading and lower fees, Binance is definitely who to watch out for. We feel both are important and we want to make sure our customers have trading opportunities wherever they want.

Crypto watches are my favorite !!

Have you ever had to try to explain a crypto to someone? I'm sure it is, we all have. We know it’s a headache, but we try to educate people we know because we care about them. So imagine if you could send them a link to some free cryptography courses, and the more classes they do, the more you will earn. And don’t worry, we’ll be short and fun. We want to make learning easy and profitable for everyone.

Suko Swap Live Chat on the screen

What is one thing that people really hate on crypto exchanges? Is this the main disadvantage of customer service? I know that was one of the main complaints of our teams. So we decided to fix it. We will talk live 24 hours a day to make sure you never have a question you can’t get an answer to. No matter where in the world you are, you will find someone with one click to help you if you ever need to.

No KYC = Privacy

Centralized exchanges require all customers to fill out identifiable forms. You must provide your name, date of birth, social security, blood type, DNA sample, etc., etc. You see. Crypto was born as a decentralized currency that could not be controlled and supervised. With the freedom of DEX, you just need to tie your wallet and get things done.

Creating stock exchanges

Soku Factory.sol is a smart contract where all the magic happens. Creates exchanges for each trading pair on Sok Swap. The public createPair () function allows any user to apply an exchange agreement for any pair of ERC20 or BEP20 tokens that do not already have one. The code below shows how the exchange is performed.

Lower gas fees

Juice replacement is designed basically for gas efficiency. By using AMM smart contracts we can reduce gas charges to 10% of normal exchange. This gas efficiency is mapped to almost all swaps between supported cryptocurrencies on the platform. Soku Swap has significant gas reductions compared to order book exchange chains. And because of the higher fees on the ETH network due to the massive recent interest in NFTs, the ability to make substitutions on the Binance Smart Chain allows you to trade with even lower fees.

Adding liquidity

Adding a character