Dear Hoo users,
Since the founding of Hoo, we’ve made great efforts in innovation. We have been committed to providing safe and efficient services to our users. Today, we are launching a new product, Hooswap, to bring you a better trading experience.
I. What is Hooswap?
In 2020, after the blockchain experienced a crash in March, Uniswap's fire drove the DeFi market to a continuous high fever, regardless of the newcomers or crypto enthusiast in the circle, all of them believe in their hearts that Uniswap's liquidity mining is exactly the DeFi bull market engine this year. At the same time, the high Gas fees on the Ethereum, as well as the incredibly slow trade confirmation time, many people are discouraged from the high-yield DeFi products. And Justswap on TRON with low Gas, silky smooth trading experience, led to a new round of "farmers" trend, Pearl has become the jewel of the Defi nowadays.
How will centralized exchanges respond to the DeFi boom brought on by Swap?
Hoo has become a market trendsetter with the launch of the HooSwap system.
HooSwap is an open liquidity market making system based on the Hoo exchange and wallet platform, which maintains the same basic approach as Uniswap. However, it has the following advantages:
1. HooSwap is an underlying infrastructure built by Hoo Exchange, which is not attached to any chain, and does not require any additional on-chain gas fees.
2. HooSwap trading pairs are all wallet-supported currencies on Hoo Exchange, which need to be credited and withdrawn by Hoo to enter HooSwap, avoiding the possibility of counterfeit coins and making transactions more secure.
3. HooSwap directly matches up orders, bringing the smoothest trading experience with low transaction thresholds, making it easy for all kinds of " Cryptoenthusiast " to join the Swap trend.
4. HooSwap natively supports cross-chaining, which eliminates the need for cross-chaining protocols and allows direct "swap", allowing cross-chain Swap projects to arrive in advance.
II. How to participate in HooSwap public test
HooSwap is currently in public beta testing and can be accessed as follows.
(2) Confirm HooSwap's User Agreement (Please read it carefully to understand the risks of the Swap product).
(3) If you are a newcomer, it is recommended that you click on the Main interface of the Analytics to see what trading pairs are currently active, do not worry about the current trading pairs too few, mainly due to the public beta stage, trading pairs will be more later on.
(4) In the transaction interface, select "Swap", directly "swap" one coin into another. Be noted that the slippage here is not a fee, don't get it wrong!
(5) Naturally, you can also choose the Pool option to add liquidity for trading pairs, thereby earning SWAP fees. Simply select the pool and add liquidity of the two tokens.
(6) If you are not satisfied with the current markets, you can click "Create" on the main page, select the two token pools you want to open, then add liquidity. Enter the Hoo trading password and your trading pairs will start to make market automatically. You can also see your market data in the back-end page.
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
September 4, 2020