Getting Started With HootDex
Getting started with HootDex is fairly simple but there are a few things that you need to know before you get started.
HootDex is a decentralized digital asset swapping system, it was created on the Pecu Novus Blockchain Network with the purpose of promoting global inclusion, cost effectiveness, speed, self custody and security.
Liquidity Pools & MVault
The system utilizes a liquidity pool structure which allows for the automated market maker system to function with no human involvement. The liquidity pools allow for digital asset liquidity to be created on HootDex for all listings. This brings forward deep digital asset liquidity where a holder can swap any token on-chain very quickly. It gives institutions and professional digital asset traders the digital asset liquidity that they need for optimum trading performance.
HootDex has the MVault integrated into the system, the MVault was originally developed by MegaHoot Technologies for the Bitcoin blockchain network but was repositioned specifically for the Pecu Novus blockchain network in 2018. The overall initial mission was to give people anywhere in the world the freedom to place various digital assets in escrow for transactions securely without a middleman.
The MVault added a safety deposit box feature that functions as cold storage for digital assets, either in-wallet or offline. The built-in simple smart contract tool is the mechanism that allows for tokens to be placed in escrow with a timed release. It also gives creators the ability to mint NFT’s and have them placed in the NFT Marketplace called Fortis AuctionBlock, a subset of HootDex.
Connecting my Wallet
The first step is to go to your Pecu Wallet and copy your Access Key that can be found in the Key area of your wallet. Then simply go to www.hootdex.net and press connect Pecu Wallet, this will will bring up the Access Key box, just paste your Access Key there and connect.
Once your wallet is connected you are able to swap for other digital assets on HootDex. Wallets can be disconnected at any time, it is advised that when you are not using HootDex to disconnect your Pecu Wallet for security reasons.
