Since we announced the launch of the Decentralized Exchange, we have received a number of questions around how it works, fees, and other particulars. To begin addressing this, we have assembled an FAQ in today’s update. We welcome any additional question you have. Feel free to post them in Discord or email them to us at support@haloplatform.tech.

Overview

Q. Where do I get started?

A. Initially you will visit www.haloplatform.tech to download the Featherlite wallet and connect to the HaloDEX. There will be an icon that says HaloDEX on the left hand side of the screen in the Featherlite wallet, click that and it will open HaloDEX. Additional instructions will be posted in Discord and on our wiki page.

Q. What is required to use the DEX?

A. All that is required is to have the Featherlite client installed and the coin/token you wish to exchange. During the Beta period, this will be ETH, but BTC will follow immediately after and additional coins will be added over the course of the coming weeks.

Q. Where can I buy HALO?

A. HALO will be available on the HaloDEX located with in the Featherlite client. The otc-market channel will close at this time, and be replaced with a cryptocurrency market discussion channel.

Q.When will the decentralized exchange be on the halodex.io website?

A. Once the HALO browser extension is completed.

Q. What are the fees?

A. We are in the process of finalizing our fee structure. Our fees will be highly competitive against other decentralized exchanges. Fees will be announced prior to launch.

Q. How do I apply to have a coin listed on HaloDEX?

A. Next week, we will begin a community poll to identify which coins should be added to the exchange next. Look for that in our #announcements channel soon. You can also inquire via email at listings@haloplatform.tech.

Q. How are prices set on the DEX?

A. The prices set on the HaloDEX are reflective of the fair market value.

Q. How can I contact support?

A. We offer support through our Discord server at http://discord.haloplatform.tech/ or you can email support@haloplatform.tech.

Using HaloDEX

Full instructions with final product screenshots will be published in an upcoming community update, prior to August 15th. The questions and answers below are designed as an easy reference and illustrate the simplicity of the DEX. These instructions are subject to change as we continue to refine and modify the User Interface/Experience.

Manage Accounts Screen

Q. How do I make a deposit?

A. Click the Deposit button next to HALO. This will allow you to add funds from your Featherlite account to the DEX account. Then enter the amount you wish to deposit by clicking Deposit. After depositing HALO into the DEX, the funds will be visible in account management and in the Funds tab under My Transactions.

Q. How do I make a withdrawal?

A. Navigate to the account management screen by clicking on your avatar in the top right corner of the Dex. Scroll to the desired coin and click on the withdraw button

Q. How to I locate the trading pair I want?

A. Located in the Volume section (far left-hand side), there’s a list of all available coins/tokens to choose from. Search and select the trading pair for the product you wish to make the trade for.

Main DEX Screen — NOTE: FEES ARE PLACEHOLDER ONLY

Q. How do I place a Sell or a Buy order?

A. Locate the New Order widget and click on the Sell button. Enter your desired amount to sell and your desired price. To buy, follow similar steps: begin by clicking the Buy button, then enter your desired purchase amount and price.

Buy and Sell Screens

Q. How can I see my trade history?

A. Locate the My Transactions widget and click on the Trades button.

Q. What is H-ETH? and why do I need it?

A. H-ETH is a converted form of ETH, which is necessary for it to be traded on the HaloDEX. H-ETH can be reconverted back to regular ETH at any time.

Q. Where do I get Ethereum?

A. There are many places to buy ETH but we recommend that you buy from a trusted source such as, Coinbase, Coinmama….etc

Q. Where do I get an Ethereum Wallet?

A. MetaMask and Mist are a popular ETH wallets available, but there are others out there. Search and see what works best for your needs.

Q. How long is my order good for?

A. Currently the HaloDex allows orders to remain open for approximately 30–60 days. The technical answer is 10,000,000 blocks which with our variable block time could be anytime in that 30–60 range. You can also Cancel your order at any time.

Q. How do I cancel an order?

A. Under the My Transactions section of the DEX (3rd column, 2nd box down) there is a tab labeled Orders, after placing an order a new line will appear here. Click the Cancel button on the order you wish to stop.

Privacy and Security

Q. Where is my wallet address stored?

A. Your personal wallet address is stored locally on your own computer, or device, in which you are accessing your virtual wallet. No user wallet or private key is stored on HaloDEX.

Q. Is any of my personal information stored on HaloDEX?

A. No personal information is stored in the HaloDEX.

Q. How is HaloDEX protected from outside attacks?

A. HaloDex is protected with Cloud DDOS prevention, SSLv3 session encryption, and High Availability.

If you have any additional questions, please let us know in Discord, email or any of our other forums:

Twitter — https://twitter.com/Halo_Platform

Reddit — https://www.reddit.com/r/HaloPlatform/

Discord — http://discord.haloplatform.tech/

Telegram — https://t.me/haloplatform

Google+ — https://plus.google.com/u/0/108336112327687734137

Steemit — https://steemit.com/@haloplatform

Medium — https://medium.com/@haloplatform

Facebook — https://www.facebook.com/HaloPlatform.tech/

Youtube — https://www.youtube.com/channel/UCZqP3U9jFO0XTV6EYNt1dqg

Instagram — https://www.instagram.com/halo_platform/

LinkedIn — https://www.linkedin.com/company/haloplatform/