Review on Hydro Protocol by Gabriel Medina
Solution for decentralized exchanges
Hydro Protocol (HOT) is a protocol that is intended to improve the liquidity of new decentralized exchanges. Hydro plans to fix all the problems found in them by offering a network layer protocol for high-execution decentralized exchanges and markets with incentives for coordination. HOT decentralized exchanges offer non-custodial trading without trust, enhanced transparency and liquidity.
The token is available on the Huobi Global, Uniswap and Bitfinex exchange.
Overall, is a novel solution to boost exchange liquidity with strong support. A network layer protocol intended to solve real problems with decentralized exchanges and markets. The protocol contains work on incentives for coordination, including devices such as HOT. The HOT token will fuel the development of shared liquidity funds.
Pros
- It addresses the issues facing decentralized exchanges today. Development team with senior professionals. They offer trustless non-custodial trading, enhanced transparency, and liquidity.
Cons
- It is only available on 3 exchanges. It is not that popular and recognized in the world of cryptocurrencies. Needs more support from the crypto community.
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Comments (2)
November 18, 2020
Hi, I agree with you about this. Listing on only 3 exchanges can upset this valuable coin on the users ' side. So I think the project needs to get better in the near future and the number of users should increase.
November 17, 2020
Hello, Gabriel!
It's nice to read about this project, although I don't like it because in my concern it does not provides certified support. It is just intended to be a standard development. The current web platform is supported by a WordPress network, and it is available just in Arabic language. I think the company should check their offers.
