HootDex is a secure scalable decentralized peer to peer digital asset swapping system that provides an automated market maker system powered by liquidity pools for swift low fee transactions on the platform while promoting self-custody.

When a holder of digital assets takes sole possession of their wallet’s private keys instead of trusting them to a centralized exchange, they are staying in control of their digital assets aka having self custody. HootDex is decentralized for this reason, it allows members of the system to have control of their digital assets and provide a venue for security conscious digital asset holders to get many functions that they would get on a centralized exchange but on a decentralized platform and on a peer to peer basis with no third party involvement.

HootDex welcomes all Members, it is free to use just connect an approved wallet to gain access. There are no sign up costs or anything hidden, there are minimal transactional fees associated with each transaction just as other decentralized exchanges have but they have been made as minimal as possible. Members have exposure to various unique projects and digital assets on the platform.

The answer is NO.

HootDex is decentralized, members have self-custody of all their digital assets at all times. Members can discover new projects, have exposure to various SynthCryptos, Crypto & Forex Derivative pairs and get involved with them, all in real time. All digital assets featured on HootDex are actual tokens that are created on the layer-1 blockchain network Pecu Novus and every transaction registers on chain to provide transparency.   Members’ connected digital wallets is what allows for them to discover and get involved with new projects seamlessly while having self-custody, the member controls their digital assets at all times.

The answer is NO.

HootDex wasn’t created to issue it’s own token, it was created to provide a scalable decentralized platform for digital asset holders to use with ease while promoting self-custody of their digital assets.

The answer is NO.

Digital Derivatives basically allow a trader to benefit from the movement of the underlying asset it represents without ever owning the asset itself, its basically synthetic. They derive their value from the value of an underlying asset and the pricing of a derivative is dependent on it. For example, an oil, Bitcoin or gold contract is a type of derivative whose value is based on the market price of spot oil, Bitcoin or gold. As oil, Bitcoin or gold go up or down in price, it impacts the pricing of the oil, Bitcoin or gold digital contract.

Derivatives have become increasingly popular in recent decades, with the total value of derivatives outstanding being estimated at over $600 trillion as of June 2022.

HootDex goes through a vetting process for all projects before listing their project tokens on the platform for the protection of all members. All digital asset derivative pairs are actual tokens and sit in a liquidity pool to create an automated market maker scenario. They are carefully selected to insure that composite pricing and oracle pricing across various major exchanges are working seamlessly before listing them on the platform.  It is key for us to do all we can to protect HootDex members from pitfalls in the digital asset market. Currently widely held digital assets such as wrapped and SynthCryptos representing Bitcoin, Ethereum,  XRP and Litecoin are added, others will be added on a case by case basis.

HootDex is a secure scalable decentralized peer to peer digital asset swapping system that provides an automated market maker system powered by liquidity pools for swift low fee transactions on the platform while promoting self-custody.

When a holder of digital assets takes sole possession of their wallet’s private keys instead of trusting them to a centralized exchange, they are staying in control of their digital assets aka having self custody. HootDex is decentralized for this reason, it allows members of the system to have control of their digital assets and provide a venue for security conscious digital asset holders to get many functions that they would get on a centralized exchange but on a decentralized platform and on a peer to peer basis with no third party involvement.

HootDex welcomes all Members, it is free to use just connect an approved wallet to gain access. There are no sign up costs or anything hidden, there are minimal transactional fees associated with each transaction just as other decentralized exchanges have but they have been made as minimal as possible. Members have exposure to various unique projects and digital assets on the platform.

The answer is NO.

HootDex is decentralized, members have self-custody of all their digital assets at all times. Members can discover new projects, have exposure to various SynthCryptos, Crypto & Forex Derivative pairs and get involved with them, all in real time. All digital assets featured on HootDex are actual tokens that are created on the layer-1 blockchain network Pecu Novus and every transaction registers on chain to provide transparency.   Members’ connected digital wallets is what allows for them to discover and get involved with new projects seamlessly while having self-custody, the member controls their digital assets at all times.

The answer is NO.

HootDex wasn’t created to issue it’s own token, it was created to provide a scalable decentralized platform for digital asset holders to use with ease while promoting self-custody of their digital assets.

The answer is NO.

Digital Derivatives basically allow a trader to benefit from the movement of the underlying asset it represents without ever owning the asset itself, its basically synthetic. They derive their value from the value of an underlying asset and the pricing of a derivative is dependent on it. For example, an oil, Bitcoin or gold contract is a type of derivative whose value is based on the market price of spot oil, Bitcoin or gold. As oil, Bitcoin or gold go up or down in price, it impacts the pricing of the oil, Bitcoin or gold digital contract.

Derivatives have become increasingly popular in recent decades, with the total value of derivatives outstanding being estimated at over $600 trillion as of June 2022.

HootDex goes through a vetting process for all projects before listing their project tokens on the platform for the protection of all members. All digital asset derivative pairs are actual tokens and sit in a liquidity pool to create an automated market maker scenario. They are carefully selected to insure that composite pricing and oracle pricing across various major exchanges are working seamlessly before listing them on the platform.  It is key for us to do all we can to protect HootDex members from pitfalls in the digital asset market. Currently widely held digital assets such as wrapped and SynthCryptos representing Bitcoin, Ethereum,  XRP and Litecoin are added, others will be added on a case by case basis.

The answer is YES.

HootDex is a very secure system, it is a layer-2 system built on the Pecu Novus Network and in itself it is blockchain enabled with proprietary encryption protocols in place. The decentralization is what further secures the system so that HootDex members can rest assured that their transactions are secure. Due to self-custody HootDex members are in control of their activity and holdings are all times, members can disconnect and reconnect their wallet after each use, at will, it is in their control.

HootDex would love to integrate many viable digital wallets on the platform over time but it is a process. HootDex is a layer-2 system built on the Pecu Novus blockchain network, so the primary digital wallet allowed is the Pecu Wallet. There are plans to allow other digital wallets such as Metamask and physical cold storage wallets to connect to HootDex.

NEVER, it is actually Impossible to occur at any time, HootDex promotes self-custody and does not hold any members digital assets. This is the value and benefit of working with a decentralized digital asset swapping system such as HootDex.

The pricing for any stock, cryptocurrency, forex or  commodity is a composite from major markets, the pricing that is shown on HootDex is exactly that, a composite of various major outlets such as banks and exchanges. That is provided as a courtesy service to HootDex members that may have an interest in real time stock, commodity or forex quotes. A stock, commodity or forex quote on HootDex does not indicate that its a swappable digital asset as it is not. The only tokens swappable on HootDex are SynthCryptos, Crypto Pairs and Project Tokens currently, they all have their individual liquidity pools for each token and as such the pricing integrates composite pricing from various major exchanges as well as the supply and demand side of the liquidity pool itself. This provides a unique digital asset that over time would be able to be traded across various decentralized and centralized cryptocurrency exchanges.