HEX virtually lends value from stakers to non stakers as staking reduces supply. Launch ends Nov. 19th when HEX stakers get credited ~200B HEX. HEX's total supply is now ~300B.
Cryptocurrencies are the highest appreciating asset class in the history of mankind. Bitcoin's price did 2,000,000x from $0.01 to $20,000 in 7 years. Ethereum did 10,633x from $0.15 to $1,595 in 2.5 years. Had you put in $1, you could have made millions, many did. Life changing wealth. HEX's price has gone up 92x vs Bitcoin, 79x vs Ethereum, and 115x vs USD in only 129 days! HEX changes lives.
CDs, known as Certificates of Deposit or Time Deposits, are worth Trillions of dollars. CDs are worth more than gold, credit card companies, and cash. CDs pay higher interest than savings accounts, requiring money be deposited for a fixed time. Banks profit on poor customer service, early withdrawal fees, and auto-renewing you at worse rates. They pay pitifully low interest. New money is printed all the time, making yours less valuable. HEX replaces inefficient currencies, banks and payment networks with verifiably secure peer-to-peer technology. HEX has outperformed Bank CDs because it's nothing like a Bank CD. HEX monetizes the time value of money in a totally new way.
Cryptocurrency was invented to remove middlemen and the need to trust other people with your money. Math is more trustworthy than man. HEX fulfils this ideal. HEX does its magic with no management, no promises, and no expectations of work from others. Each user mints his own coins, like Bitcoin. HEX performs well solely due to its design.
Honest people have lost Billions to scams, thefts and hacks because they gave up control of their money. If you want to earn interest on your Bitcoin, you have to lend it out and hope you ever see it back again. Tragically, after 10 years, 42% of all Bitcoin now sits in only 2000 wallets. The people were given control, only to give it away again. In HEX you mint your own interest while in complete control.
HEX users value their independence and security. Which may be why, at writing, HEX is the 2nd most traded coin in decentralized exchanges, where there is no signup, and no counterparty risk. Because it's on-chain, you can inspect every address, seeing when it bought or sold, whether it has HEX stakes open, when those stakes expire, what other coins they hold, everything!
In the stock market, laws require insiders to warn the public before they might sell shares. People care about when and how much supply of something they own might hit the market. The HEX TruthEngine improves on this, gathering more information from the market about its future behavior. The HEX TruthEngine rewards users for declaring how long they'll hold and when they might sell. Users that break their word have penalties which pay the users that kept their word.
You can see when big stakes are set to expire in the future and plan around them. HEX improves price discovery and may reduce volatility by incentivizing the market to disclose better data about the future.
HEX is censorship resistant, and robust by being truly decentralized on the blockchain. Anyone can run the HEX code, and the HEX community has released numerous open source tools which make it even easier. If HEX.COM were to go offline, and Richard Heart were to die, HEX keeps working. Many projects claim to be decentralized, but actually rely on administrators to not change the code. The HEX code cannot be changed. This is why many developers are so comfortable building on top of HEX.
The HEX referral program has only a single tier, like Amazon's, and ends in November. HEX starves scams of money because its design has attracted successful promotors away from scams. The more mindshare honest projects get, the less mindshare is left for the scams. Millions of victims bought fake cryptocurrencies instead of real ones, because the real ones didn't have flashy marketing. HEX is sexy!
In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network. There are no middlemen or managers in HEX. HEX rewards are dynamic like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become. HEX puts you in charge!
That life changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 2,000,000x returns in 7 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flash crashed as close to $0 as possible. Amazon dropped 95% once too. Now it's 50% of all Internet sales in the USA. HEX is about realistic expectations.
You are solely responsible for your decisions. Don't consider things as financial advice unless they're labeled as such. Be responsible, take only reasonable risks, always read the disclaimers and do your own research. Just because Bitcoin behaved some way, it doesn't mean anything else will. Keep in mind that past performance is no guarantee of future results when you consider HEX's price went up 92x vs Bitcoin in 129 days.
HEX has had 2 independent security reviews and 1 economics review. Bitcoin for instance has none. HEX is resistant to the most dangerous bugs Bitcoin and other cryptocurrencies have had because HEX's consensus code can't be edited. Bitcoin has had 2 bugs where someone could mint as many free Bitcoin as they wanted. One bug was exploited and the other was caught in time.
HEX adds value to the 2nd highest hash rate blockchain, instead of starting a new one, packing more value. This also enhances security and interoperability.
You know how you get more interest for staking longer? The bonus shares from LongerPaysBetter also amplifies your BigPayDay on November 19th, because it's paid by shares. It's a war for getting in earlier at lower StakeSharePrices and longer/larger lockups to get more bonus shares than everyone else! Those who believe in the project the most gain the most bonus shares.
HEX is faster, cheaper, safer, better for the environment, and more censorship resistant. Bitcoin holders can mint HEX for free. Anyone can build on top of HEX. The vibrant HEX developer community has released dozens of innovative projects around HEX in record time. HEX does things that no cryptocurrency before it has even attempted.
HEX aligns incentives, so the more people that participate, the better everyone does! HEX eliminates middlemen. Users can transform Ethereum directly into HEX. HEX helps the small guys by penalizing Bitcoin whales. HEX gives early claimers get bonuses and late claimers penalties. HEX Pays bonuses to referrers and those referred. HEX pays the unclaimed coins, late claim penalties and interest to those who stake their HEX. Longer and larger stakes get more shares and the price per share only increases.
Send ETH to the lobby. Your % of that day's total ETH gets the same % of that days HEX.
Referred users to AA get a 10% bonus minted and their referrer gets a 20% bonus minted.
Only increases. Ensures that Longer Pays Better.
If 1% of HEX supply stakes, they average 369% interest. If 2% then 184.5%, if 10% then 36.9%. Fewer stakers means higher interest. More stakers means less circulating supply. 1 day minimum.
HEX mints up to 3.69% of total supply a year to stakers. Paid daily. If only 1% of HEX is staked, the average return is 369% net. 469% gross.
The longer you stake, the more you make. Up to 3x shares on a 3641 day stake.
Up to 10% bonus shares at 150M HEX staked.
Ending a stake to reinvest its yield never pays more HEX than having a longer stake
50% of EmergencyEndStake penalties: 1/2 stake days, minimum 90. Can hit principal. 50% of LateEndStake penalties: 1% of stake per week after a 14 day grace period. Can hit principal.
HEX is the first high interest blockchain certificate of deposit. HEX pays Trustless Interest with no counterparty risk. HEX virtually lends value from stakers to non stakers as staking reduces supply. Given programmable money the first program should be interest.
HEX Pays stakers instead of miners. Staking HEX is like getting free mining hardware and electricity. Bitcoin and HEX comparison
Stakers that end stake early or late pay loyal stakers. Longer stake commit pays 20% more per year, up to 3x shares, (partial years are fine). Lower fees, lower inflation. Referral program. Early adopters get paid extremely well.
Every pumpamental to lock up supply, increase adoption and price.
Hex has a lower inflation rate than Bitcoin, even after the rate was cut in half twice in its 10 years. The inflation is also delayed, because it's only paid on ended stakes, and stakes can last 10 years. Inability to trade staked coins increases the value of unstaked coins, and chance that some will early endstake and pay penalties to loyal stakers.
Let's say you want to make more bitcoin on your bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Lots of people have lost money trying either.
Counterparty risk in Bitcoin investments.
To earn interest on their Bitcoin, most users send them to a centralized third party, such as an exchange. There, coins can be borrowed to "short" the market. Sellers borrow the coins to sell, in the hopes that they can re-buy them cheaper before they have to return them, thus profiting from price decreases. These centralized parties are security holes that are often hacked, destroy privacy, or introduce fees if you want to get your funds out. Billions of dollars in coins sent to exchanges or lenders have been stolen. Not your keys, not your coins.
These centralized third parties and middlemen are so important to users seeking yield (making interest) that the companies themselves have made more profit on Bitcoin than its founder. Billions and billions of dollars of value has shifted into the pockets of middlemen. HEX solves this.
This replaces these third parties with a trustless peer-to-peer to system. Instead of sending your HEX to an exchange so they can lend it out on your behalf to earn interest for you, you just lock it in same smart contract that minted all the HEX in the first place, and it credits you interest. If you're given programmable money, the first thing you should program is interest.
HEX pays interest to stakers instead of miners.
Some users try mining to make more cryptocurrency. Instead of sending your money to a foreign mega-corp to buy mining equipment which shows up late, used, or never at all, you can skip the depreciating asset and electricity bills and just stake your coins.
HEX is the first cryptocurrency with a chart of future sellable supply (expiring stakes over time.) This secures buyers confidence in future value of their investment.
HEX is pseudoanonymous. You can make your HEX extra anonymous if you want.
Visit HEXnado to learn how.
HEX has Speculative Stickiness.
Normal crypto currencies have: Price, hash rate.
HEX has: HEX price, Share price, Directly affects staker income per share: % of supply staking, Average stake length, Average stake size, stake expiration chart over time, early & late end stake penalties.
HEX can do 2000 transactions per second (TPS).
HEX achieves this through zksnarks zero knowledge proof technology via zksync.io