Crypto Move: Learn About SOKU Token – Sokuswap Token That Provides Liquidity

Blockchain technology allows cryptocurrencies to be able to store multiple transactions in a database, making it transparent, secure, and unable to be edited or intervened by any party. This is the reason why blockchain technology is used by many cryptocurrencies today. It uses automated market maker smart contracts to create liquidity pools. The exchange lives on ERC-20 tokens and BEP-20 tokens Network.

What does SokuSwap Offer?

The Project offers many ways for users to earn money. Providing liquidity to trading or taking advantage of arbitrage using flash loans. SokuSwap is designed for traders and performs exceptionally. The project creates an exchange for smart traders. you can easily use the exchange with a loSokuSwapr gas fee. the exchange lives on Ethereum Network and the Binance Smart Chain ERC-20 tokens and BEP-20 tokens. The project already launches a won token called SOKU.

What are SOKU Tokens?

SOKU is a governance token that allows holders to vote on upcoming upgrades. Soku Swap is a decentralized exchange made for the people, run by the people, and governed by the people. You will have the ability to choose what changes/improvements you think SokuSwap should make first.

Adding Liquidity

Adding liquidity involves putting an equivalent value of either ETH & ERC20 or BNB & BEP20 tokens into the related exchange contract. The first liquidity providers determine the initial exchange rate by depositing what they think is comparable to the coin and tokens value. If the initial rate is low, arbitrage traders will bring the rate to equilibrium at the initial providers' expense.

Removing Liquidity

Liquidity providers can opt to burn their liquidity tokens to withdraw their contributions in the pool. BNB withdrawal is calculated by :

● bnbWithdrawn=bnbPool(amountBurned / totalAmount)

● tokensWithdrawn=tokenPool(amountBurned / totalAmount)

BEP20 tokens and BNB tokens are withdrawn according to the market's prevailing rates, not the rates at the time of investment. This implies some value can be gained or lost due to fluctuations in the market and arbitrage. Fee taken on trades is added to liquidity pools without minting new liquidity tokens.

SokuSwap Liquidity Tokens

SokuSwap liquidity tokens(SOKU LP) represent the provider's contribution to the liquidity pool. They are ERC20 coins or BEP20 tokens, depending on which chain they provided liquidity on. Liquidity tokens are minted and sent to the addresses of liquidity providers. They represent the providers' contribution to a pool. These tokens are highly divisible and can be burned at any time to return a proportional share of the market to the providers. Providers deposit into reserves and mint new liquidity tokens.

The BNB sent to the function determines the number of liquidity tokens minted. The formula below calculates minted tokens

● amountMinted=totalAmount(bnbDeposited / bnbPool)

Depositing BNB into reserves calls for depositing an equivalent value of BEP20 tokens as SokuSwapll. Tokens deposited is calculated by the formula

● tokensDeposited=tokenPool(bnbDeposited / bnbPool)

Earning From Liquidity

Suko Swap does not charge a platform fee. The trading fee is a low 0.2%, with 0.17% going to the liquidity providers and the remaining 0.03% going to the SokuSwap treasury, where a portion is used for the development, customer service, and user rewards. The swapping fee is immediately deposited into liquidity reserves.

● Tokenomics

● Name: Soku

● Base price: $0.88

● Blockchain: BSC

● Total Token Supply: 222,222,222

● Symbol: SOKU

● Total tokens available for Sale: 111,111,111

● Type: BEP-20

● Purchase methods: BNB, ETH, BTC, and USDT

● Softcap: 100,000 SOKU

● Hardcap: 1,000,000

With the token sale coming up in the next few days, it’s the right time to jump on board and reap the amazing benefits that SokuSwap is offering. It’s also amazing how the Soku Swap team has stayed transparent in its project progress, which makes them more trustworthy. There is every chance that early adopters will reap big, and that could be you. SokuSwap also has some perks, such as allowing users to make decisions about the future of DEX using SokuSwap’s governance token. And SokuSwap even has SokuSwapekly payments to everyone who has placed liquidity and makes 3 trades per SokuSwap.

For more update , visit us

Website: https://www.sokuswap.org

ANN: https://bitcointalk.org/index.php?topic=5327040.0

Twitter: https://twitter.com/SokuSwap

Telegram: https ://t.me/sokuswap

Discord: https://discord.gg/DgNnfGWbd4

Facebook: https://facebook.com/Soku-Swap-102896308602496

Youtube: https://www.youtube.com/channel/UCdJFtg_BmXHhPeCJVgoqF3A

Medium : https://sokuswap.medium.com

Authorship

Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5331559.msg56984502#msg56984502

BitcoinTalk username : ameliyaketty