The Hydro Protocol is a set of smart contracts for creating decentralized non-custodial ERC20 token exchanges. The Hydro Protocol never holds onto its users assets while facilitating decentralized peer-to-peer transactions using its own cryptocurrency token called HOT. The first decentralized cryptocurrency exchange built using the Hydro Protocol was DDEX. Use cases for the Hydro Protocol according to the smart contract platforms website include: centralized exchanges, decentralized exchanges DeFi projects, and multi blockchain development.
- Fintech Blockchain Group
Initial coin offering
On June 1, 2018 Hydro Protocol held their initial coin offering (ICO) selling approximately $31.25 million worth of their HOT cryptocurrency token.
HydroSwap is a Hydro Protocol widget that allows blockchain communities a method of selling their tokens to their users. The HydroSwap widget can be integrated within decentralized applications by copy and pasting one line of code, and provides a secure and decentralized token swap using the 0x protocol.