How Hoglet Forward works?

We acknowledge that most people entering the gaming world are not tech-savvy. That is why we are building user-friendly financial tools favorable to both tech-savvy and non-tech-savvy users. For your information, the Hoglet Forward Contract is a self-explanatory tool with a step-by-step process. And as mentioned earlier, it supports erc20, erc721, and erc1155 standards.

 Landing Page
Landing Page

First, you need to access the Hoglet Forward Contract from the Hoglet Homepage. On the Hoglet homepage, click on Enter App to access the Hoglet Forward Contract page.

Dashboard of Forward
Dashboard of Forward

Step 1: Choose Assets

First, choose the token standard of the asset you want to buy or sell.Secondly, please enter the name of your asset or paste its address. Lastly, input the amount you want to buy or sell. The hoglet forward is now support both Erc20s, Erc721s and Erc1155s.

Choose an underlying asset
Choose an underlying asset

Step 2: Choose Forward Contract Style Here, you simply click on the Buy or Sell button based on your preference.

Buy or Sell in the future
Buy or Sell in the future

Step 3: Specify the Exercise Period

Choose the date when you want your order to be executed and choose the execution time after the exercise time is due.

Choose an Exercise& Execution Time
Choose an Exercise& Execution Time

Step 4: Input the Exercise Price

Enter the exercise price of your Order.

You can choose any token that you and the forward contract taker willing to use.

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Step 5: Select Margins Choose the margins in both the buyer and seller sections.   Remember, if the exercise time is due and you are not willing to take the necessary action, you will lose your margin to the other party. So diligently choose the amount of the stake you are comfortable gaining or losing if you or your partner defaults on the contract.

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Step 6: Confirm Your Contract and Stake Keenly go through all the variables you entered to remove any error. After ensuring that everything is okay, you can choose to share the contract details on social media to find a potential contract partner. Alternatively, you can stake your margin directly and wait for a buyer/seller.

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Website: Hoglet.io

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https://twitter.com/HogletI

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https://discord.gg/84qvehM7