HootDex is a decentralized digital asset swapping system and will be offering systems geared towards professional retail digital asset traders that would allow such traders globally to swap on HootDex utilizing automated systems. This includes high frequency swapping and other features that will be included in each system. Look for more information as it develops on our Latest News Page.
Here are answers to some frequently asked questions
What digital assets are supported for swapping on HootDex?
Professional Retail Traders will be able to swap any digital asset listed on HootDex such as SynthoCryptos, Derivative CryptoPairs, Derivative CryptoBaskets, Project Tokens and PECU itself.
When they become available then the integration of a stable coin or stable coins will also be included in that list.
I'm a Professional Digital Asset Trader, will I have access to trading systems?
The answer is Yes.
Professional Retail Traders will have tools are specifically designed for confirmed Professional Retail Traders.
Professional Retail Traders do not have access to Institutional Tools.
Is HootDex Free to Use for Professional Retail Traders?
Systems for Professional Retail Traders will be offered soon which will carry a minimum daily trading volume and a nominal fee for the system.
How do we request institutional APIs?
Professional Retail Traders do not have access to Institutional level tools.
Do we need to fully fund our Wallet?
The answer is No.
HootDex will be providing Professional Retail Traders with a lending protocol to leverage their PECU coins to maximize their swapping ability.
Can we use Bitcoin, Ethereum and Litecoin to onboard?
The answer is Yes.
There will be a one way bridge that will support the onboarding of Bitcoin, Ethereum and Litecoin to swap into PECU coins for swapping on HootDex.
Can Professional Retail Traders Request Custom Tokens?
The answer is No.
This is reserved solely for Verified Financial Institutions.
Does HootDex provide custody services?
The answer is No.
HootDex is a decentralized digital asset swapping system and as such all members, private traders and Professional Retail Traders are their own custodians.
Will there be a limit per trading day?
The answer is No.
As digital assets swap 24/7/365 there can be no limit to the level of trading , the only limits have to do with the capacity of your wallet and the lending protocol in place.
How does HootDex handle customer support and issue resolution?
Professional Retail Traders will have some product support.
What security measures does HootDex have in place to protect our digital assets?
HootDex is a decentralized swapping system and as such it does not control any members digital wallet at any time. There are intricate security protocols in place that protect members as they are on HootDex. It is highly advised that members keep their digital wallets as safe as they do their traditional bank accounts.
Does HootDex offer a mobile app available for trading on the go?
The answer is No.
At this time there is no mobile application available for Professional Retail Traders.
Does HootDex offer margin trading or other advanced trading features?
The answer is Yes.
Professional Retail Traders will have a specific system(s) in place that they will use for swapping purposes.
Professional Retail Traders will have access to a protocol that will allow them to leverage their PECU to maximize their daily trading ability at very minimal cost.
Can Professional Retail Traders integrate its trading systems with HootDex?
The answer is No
At this time APIs are not being offered to Professional Retail Traders.
Are there any special incentives or promotions for Professional Retail Traders?
Professional Retail Traders enjoy zero gas fees, on-chain swaps, self custody, leveraged trading and very low transactional fees. They will have access to automated systems for high frequency trading and range trading.
Are there any restrictions or limitations based on the Professional Retail Trader's geographic location?
HootDex is a decentralized swapping system and as such it does no provide custody services, PECU and token holders are in full control of their wallet at all times. With that said HootDex has not imposed any restrictions as it relates to geographic location unless it is in violation of international laws or regulations.
What documents and information are required for verification and compliance purposes?
HootDex is a decentralized swapping system and as such it does not require any documents at the moment. But in the near future the MegaHoot Digital Identity System will be integrated into HootDex in order for compliance to be in place for AML/KYC laws internationally. This adds additional measures in protecting all HootDex members from fraud and bad actors.
What are the swapping fees and gas fees charged by HootDex?
HootDex is a decentralized swapping system and utilizes liquidity pools to create an automated market maker environment. All swapping fees take place in each individual pool, the swapping fees equal to a maximum of .25% per completed swap. Professional Retail Traders, depending on their activity, enjoy reduced fees on most liquidity pools.
Since HootDex is built on the Pecu Novus Blockchain Network, there are no gas fees that take place for Professional Retail Traders and yes all swaps are on-chain.
How does the order placement and execution process work on HootDex?
This is pretty simple, automate market makers create the bid and ask for any token.
Market orders do execute at market prices on HootDex.
Limit orders are all Good Until Cancelled, they will execute at the limit price set by the institution. High Frequency Trading uses limit orders in a rapid fire environment but follow similar protocols. Such trading is dependent on the system that the institution may use.
What are the available order types, and how do they function ?
Order types available on HootDex include Market Orders, Limit Orders and Stop-Loss Orders.
How can Professional Retail Trader's swap digital assets or funds to swap on HootDex?
Professional Retail Traders have various ways to acquire PECU coins to swap on HootDex. A representative will walk a Professional Retail Trader through the options.
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