Zouk Coin is an ICO I came across from the now in hiding Aaron St. Hillaire crypto guy that used to promote a bunch of coins. Zouk's slogan goes, "Your journey to financial freedom begins here." Their main revenue engine is their lending program. It funds a trading bot users contribute to by locking Zouk coins into loans and earning daily commissions or "lending interest."
I liked how responsive they were to their investors. They also ended their ICO early because the tech was ready unlike most other ICOs. They also launched a user friendly loan promotion where loans could be declared at an inflated $5 rate.
In the past week the price per coin sunk like the Titanic.
It is under the .25 cent opening ICO price which indicated nothing but impatience and irrational decision making on anyone's part that decided to sell coins below the ICO price.
Now the promo has been dropped to $3, which is a good sign though their non communication bothers me. The volume is extremely low for a new ICO meaning people lack knowledge of this coin and should give it a chance. The entry price is also low and there is a low total supply of coins. Staking and ERC-20 listing is also coming which gives users more avenues to create funds with this coin.
Intrest payouts are daily and the conversion rate will adjust when the coin matches the lending price per coin. I am holding out that this isn't another exit scam as I have been part of a few in this young year. Let me know if you're also a part of Zouk or have any questions. I will be writing about where I got scammed as well.