Innovative Market Features
HootDex has a commitment to continually bringing forward Innovative Market Features to our members. This commitment allows us to evolve for the betterment of all our members and provide exciting new digital asset products to the swapping community.
Here are some features that we currently offer and some future features that will be unveiled in the near future.
Current Features
Low Transaction Fees: HootDex provides low transaction fees, making it cost-effective for traders of all sizes to the tune of .0025% (1/4 of 1%) per completed transaction.
Gas-Free Transactions: HootDex absorbs all gas fees for all PNP16 tokens created on the Pecu Novus Blockchain and listed on HootDex, this eliminates gas fees, ensuring cost predictability for all members.
Extensive Asset Listings: HootDex offers a wide range of supported digital assets and tokens, catering to diverse trading interests.
Decentralized Wallet Integration: Members can connect their decentralized Pecu wallets for self-custody of assets, enhancing security. They can also connect their Metamask wallet and others soon to onboard.
AI-Driven Security: HootDex employs AI tools for fraud prevention, enhancing the safety of users’ assets.
Community Involvement: Members can participate in asset listings, fostering a sense of community and inclusivity.
Portfolio Diversification: Traders can access various digital assets, enabling portfolio diversification strategies.
Market Maker Support: HootDex encourages liquidity provision, which benefits traders by reducing price slippage. All tokens on HootDex are aligned with a liquidity pool to provide quick and secure transactions.
Innovation Feedback Loop: Traders can provide feedback and contribute to the platform’s development.
Advanced Charting Tools: Robust charting features help traders analyze and make informed decisions.
Institutional Level REST/FIX APIs: HootDex offers approved institutions REST/FIX API protocols to integrate into their current systems.
Future Features in Development
Leveraged Trading: Introduction of leveraged trading accounts for members seeking leveraged positions with a Type-2 account.
Advanced Order Types: Implementation of advanced order types like trailing stop orders, iceberg orders, and fill-or-kill orders.
Decentralized & Centralized Exchange Collaboration: Potential collaboration with various decentralized and centralized exchanges.
Non-Fungible Token (NFT) / Digital Marketplace: The integration of FortisAB, an NFT and Digital marketplace for trading unique digital assets as well as other digital assets, also NFT fractionalization on HootDex.
Trading Bots and Automation: HootDex is developing various trading bot and algorithmic trading tools for professional retail traders.
Staking and Governance: This is being taken under consideration, HootDex has not issued its own token and has no plans to do so in the foreseeable future. But we may have a path to enable users to stake tokens and participate in platform governance.
Messaging System: HootDex will be integrating the super-app mChatHive into HootDex so that traders can communicate in real time in a secure and private manner without leaving HootDex. As well as share trading ideas via videos, images, audio and text on MegaHoot Soapbox
