May 16, 2022
Decentralized Digital Asset Exchange HootDex Scheduled to Launch June 1, 2022
It was announced today that American software and technology company, MegaHoot Technologies, Inc “MegaHoot”, has scheduled the launch of the decentralized digital asset exchange “HootDex” on June, 1, 2022. HootDex was built on the backbone of the Pecu Novus Blockchain Network and is an extension of the MVault, MegaHoot’s proprietary highly secure digital asset safety deposit box system.
HootDex will allow members to exchange various digital assets on a Peer to Peer basis with no middle man involved. MegaHoot’s mission with HootDex is to insure that a secure, simple and trustworthy network exist so that members can easily swap tokens of projects that have been vetted for transparency and legitimacy on a peer to peer basis.
MegaHoot will be utilizing the services of FGA Partners, LLC “FGA” in order to insure that all tokens that are listed on HootDex are fully vetted in order to protect members from potential fraud. MegaHoot cannot attest to the success or failure of any given project but protocols have been put in place to do as much as possible to protect members. FGA’s Digital Asset Team will gather all the required documents for due diligence purposes and approved listings will also have those documents available for the members to view on the information page for each project for their due diligence purposes.
All project tokens approved to be created on the Pecu Novus Blockchain Network will automatically be listed on HootDex.
HootDex will also incorporate interoperability with other major blockchain networks such as Ethereum in order to produce a more inclusive and robust environment for members. This will allow members to swap tokens across the Pecu Novus Network as well as other networks simply; additional viable networks will be added over time.
HootDex will have an automated market maker system in place that requires no human interactive or intervention. What has been integrated is blockchain enabled encryption protocols that are proprietary to MegaHoot Technologies, it is an additional method that members are protected.
Another feature of HootDex will be the Tier 1 and Tier 2 liquidity pools, these pools will consist of an equal value of the PECU Coin and the Token created on the Pecu Novus Network. Tier 1 liquidity pools are designated for institutional purposes and Tier 2 liquidity pools can be used by any member who is holding an equal amount of both PECU and the Token created on the Pecu Novus Network.
In the near future the interoperability on HootDex will give members the ability to create Tier 2 liquidity pools for any token that is listed on HootDex, whether it iwas created on Pecu Novus, Ethereum or others.
For further information on MegaHoot Technologies and HootDex please go to www.megahoot.com
To get further details from the FGA Partners Digital Asset Team please contact Dillon Marburger, VP of Digital Assets at [email protected]
To learn more about the Pecu Novus Network please go to www.pecunovus.com
About MegaHoot Technologies, Inc
MegaHoot is an innovative and diverse American software and technology company that is building a global ecosystem that will incorporate comprehensive tools for business that include Artificial Intelligence (Facial Recognition, Computer Vision, Biometric), Machine Learning, Secure Collaboration Technology, Advanced Blockchain Technology, eCommerce and Gaming platforms, as well as other disruptive technological innovations. MegaHoot’s core focus is on developing such disruptive technology in these arenas in order to provide cost effective and advanced solutions for global enterprise, municipalities and individual use via a SaaS (Software as a Service) model.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state. This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.