MIAMI, Jan. 26, 2022 (GLOBE NEWSWIRE) — via InvestorWire — SokuSwap, a decentralized exchange that lives on both the Ethereum network and the Binance Smart Chain, today announced the addition of exciting new features flocking to crypto investors begin to. SokuSwap is the world’s first and only decentralized multichain exchange (DEX) that offers automated market maker (AMM) smart contracts, limit orders, staking pools, farms, a token swap, fiat currency onboarding and live chat combined to support new users.
SokuSwap is positioned to onboard the next big wave of DeFi and Web3 enthusiasts by offering a welcoming and helpful community, high APR pools and farms, and excellent functionality for experienced traders.
The platform is decentralized, as is the community. SokuSwap enjoys a robust community on Telegram, where members self-moderate to help new users thrive and encourage healthy, productive communication. The community is diverse and truly global with members all over the world.
Those new to crypto trading can easily access the mobile or desktop versions of the SokuSwap exchange at https://www.sokuswap.org. The website guides users through setting up their MetaMask or TrustWallet so they can start trading on the DEX.
Those who are already experienced traders can go directly to the DEX at https://app.sokuswap.finance. Once users are on the exchange, they should click on the “Connect Wallet” button on the top right corner and then they can start staking or farming tokens on SokuSwap.
About SokuSwap
SokuSwap uses Automated Market Maker (AMM) smart contracts to create liquidity pools from both ERC-20 tokens and BEP-20 tokens. This allows users to trade using an algorithm versus an order book used on traditional exchanges. Prices are determined using the formula x∗y=k (any number of X tokens and Y tokens are in an equation to always maintain the invariant that x∗y=k for a constant k). This ensures that the reserves remain in relative balance. SokuSwap reserves are pooled among liquidity providers who provide tokens to the exchange for a share of the transaction fee. SokuSwap uses registration contracts to facilitate exchanges between different currencies. The system mechanics ensure that trading between cryptocurrencies is based on their relative supply. The platform is easy to use, supports privacy, and offers lower gas fees than most exchanges. Designed for traders, SokuSwap performs excellently as a component of other smart contracts that require guaranteed on-chain liquidity.
The SOKU token also acts as a decentralized governance token, allowing holders to vote on upcoming upgrades. SokuSwap is a decentralized exchange made for the people, run by the people, and governed by the people. Owners have the opportunity to vote on which changes/upgrades they think the development team should make first.
tokenomics
Name: SOKU
Blockchain: BSC and ETH
Total Token Supply: 222,222,222
Icon: JUICE
Type: BEP-20
https://t.me/SokuSwap
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