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The HEX Eco System
The HEX ecosystem is composed of several different components, including the HEX token, the burn & mint mechanism, and the HEX smart contract on the Ethereum blockchain. Since its interception there are new product built ontop of HEX to capitalize its unique features.
The HEX token is the native cryptocurrency of the HEX ecosystem. It is used as the unit of value and can be traded on decentralized exchanges, such as Uniswap or 1inch.
The burn & mint mechanism is one of the key features of the HEX ecosystem. It allows holders to earn yield on their HEX holdings by locking them up for a specific period of time. The longer the lock-up period, the higher the yield rate. This burn & mint mechanism is what makes HEX particularly attractive as a cash flow generating asset class.
The HEX smart contract is the backbone of the HEX ecosystem. It is built on the Ethereum blockchain and is responsible for managing the distribution of HEX tokens, the burn & mint mechanism, and the yield generation. The smart contract is open-source, which means that it is transparent and can be audited by anyone.
The HEX ecosystem also includes a community of holders and supporters who are actively promoting and using the HEX token themselfs. This community is important for the long-term success of the project.
HEX is a decentralized, open-source cryptocurrency that was created in December 2019 by Richard Heart, a well-known Bitcoin and cryptocurrency expert. HEX is based on the Ethereum blockchain and is designed to be a high-yield bearing asset.
Customers who are interested in using HEX to generate cash flow can do so by purchasing HEX on a decentralized exchange.
One of the advantages of using HEX for cash flow generation is its relatively high yield rates compared to traditional savings accounts or bonds. As of Jan 2023, HEX holders can generate up to 38% annual yield on their burn & mint HEX. Additionally, HEX is a decentralized and open-source cryptocurrency, which means that it is not controlled by any central authority and is not subject to the same regulations as traditional financial assets. HEX users are interacting with the smart-contract with no middleman. All the work is done by the HEX users themselfs.
However, it is important to note that cryptocurrency is a highly volatile and speculative asset class and HEX is not an exception. The value of HEX compared to other tokens or currencies can fluctuate greatly and the project is still in its early stages, so it may not be suitable for all people. HEX has done a price appreciation of 9,481x from its all-time low to it all-time high so far.
Overall, HEX is an interesting opportunity that can provide high yields through its burn & mint mechanism, making it a good option for customers looking to generate cash flow.
Let's talk about HEX
HEX is a new type of digital asset that utilizes its Proof of Wait (PoWa), a decentralised protocol, which allows HEX holders to earn yield in HEX on their principal by burn & mint their HEX tokens in the HEX smart contract. Though HEX is an ERC-20 token, it's referred as one of the highest appreciating asset since its interception. A comprehensive description can be found on hex.com website.
HEX in short:
Launched as a finished product on 3rd December 2019
Flawless operation 100%
HEX is not a company
There is no middleman or counterparty
HEX is fully audited, immutable code
HEX smart contract has no admin keys
HEX is 100% decentralised.
You mint your own rewards.
HEX is outperforming Ethereum and Bitcoin
HEX is still pre-viral
You can mine HEX by running some code on your computer or phone once and waiting anywhere from 1 to 5555 days, you choose how long. Then you can mint your rewards by running some code once more. You earn larger rewards based on how long you commit to wait. Longer Pays Better. The APY for HEX mining of average length is 38%.
Imagine minting HEX rewards while the price of HEX is going up, you win twice.
LookintoHEX is a website with plenty of technical and statistical analysis. They are all realtime. Great site to get a deep dive into HEX specific parameters like
Liquidity
ROI
Adoption
Logarithmic regression
Stock-to-Flow and much more.
All of it is decentralized, trustless, immutable, autonomous
Free Download of Hex - Logos, Screensavers, Wallpapers
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Free Download of Hex, PulseChain, PulseX, Screensavers for your mobile
What Is Hex?
Hex is an Ethereum-based token that bills itself as the first blockchain certificate of deposit (CD). Just like traditional CDs offer an improved yield rate to customers who agree to leave a lump-sum deposit untouched for a set amount of time, Hex holders can burn & mint batches of HEX tokens for specified amounts of time. During this time, they may not access those tokens without severe penalties—but when the specified time period is complete, Hex holders can receive HEX rewards.
Hex (HEX) is an Ethereum-based token that is marketed as the first blockchain certificate of deposit.
Richard Heart launched Hex in 2019, utilizing an aggressive marketing campaign to build its userbase.
Users burn & mint HEX tokens, promising to leave them untouched for specified amounts of time.
Understanding Hex
Hex’s model pays rewards to token holders, rather than to miners or validators operating the network. Users burn & mint their HEX by agreeing to not trade or sell their tokens for preset lengths of time. When the time period is complete, HEX holders then receive those funds plus an yield payment or HEX reward. Hex users can currently select from 1 to 5,555 days (more than 15 years) for the duration of their stake, with longer locking periods corresponding to higher rewards.
The mechanism for burn & mint is structured such that establishing a new epoch burns the HEX tokens and provides the user with so-called “T-Shares” in return. Longer epochs receive higher numbers of T-Shares, with each share accruing yield in HEX each day.
Hex operates using a “proof of wait” mechanism. In the Hex ecosystem, all HEX holders use the proof-of-wait mechanism and are rewarded with more HEX.
Hex’s inflation is designed to increase yearly by a maximum of 3.69%. This inflation, combined with penalty payments that Hex collects, pays HEX rewards to users who have already burned their tokens and got T-Shares for the agreed-upon time periods. Penalties are charged to Hex users who end their agreed locking period prematurely. Once the epoch has ended the holders get their T-shares minted back to HEX.
History of Hex
In the year following Hex’s launch in December 2019, holders of Bitcoin and Ethereum could claim HEX tokens for free. The last day of this launch phase was known as the “Big PayDay,” in which all unclaimed HEX tokens were distributed to existing HEX owners. HEX has made a 10000x in price appreciation at an all-time high at $0.56. During current crypto bear market it has been losing it value as most of the cryptocurrencies in the market, leaving HEX holders still will a 500x in value.
Concerns about Hex
Hex has received criticism over various privacy and security concerns. The cryptocurrency has been criticized in particular for resembling a Ponzi scheme which has been proofen wrong again and again. Hex is operating flawlessly since interception, and receives more and more eye-balls in the market. Thus, it is still in a pre-viral phase. Unlike many other cryptocurrencies, HEX has immutable code, no admin keys and no middleman required to operate.
How Is Hex different from Bitcoin?
Hex inflation mechanism is favorable to that of Bitcoin. Hex’s annual inflation is capped to 3.69%, and this inflation is paid directly to Hex T-Share holders. Hex’s proof-of-wait mechanism is less energy-intensive than Bitcoin’s proof-of-work protocol. Hex is built on the Ethereum network, whereas Bitcoin is supported by its own blockchain.
Goals of Hex
Hex was established with a goal of “price appreciation that outperforms as much and as fast as possible.” Hex’s developers also have asserted these goals for HEX:
Replace central bank products with blockchain based, decentralised products.
Eliminate the need for middleman.
Replace centralized authorities with a trustless system that pays yield directly to stakeholders.
📄 Deep dive into HEX
The following document is a deep dive descritpion of many aspects of HEX. You can download for free for better readability.
📄 Deep dive into the HEX smart contract
The following document is a deep dive into the HEX smart contract. You can download for free for better readability
How to optimise gains within the HEX Eco System
If you want to maximize your benefits with the HEX Eco System we recommend to schedule a consultation with us. We will walk you thru all the necessary steps and provide strategic assistance while educating you.