HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.
Certificates of Deposit (CDs, also known as Time Deposits or Bonds) are worth trillions of dollars and used by hundreds of millions of people worldwide. CDs are worth more than gold, credit card companies and cash. HEX is a superior CD on the Blockchain.
Cryptocurrencies are the highest appreciating asset class in the history of mankind. Bitcoin’s price appreciated 6,500,000x in 12 years, from $0.01 to $65,000. HEX has appreciated 9481x so far, outpacing both Bitcoin and Ethereum. A 6,500,000x would put HEX at $367.
The price of 1 T-Share has risen steadily from $.56 to $9018 in just 897 days which mirrors the ROI of Stakers. By Staking their HEX for fixed timeframes, they reduce the supply, which puts upwards pressure on HEX’s price. Stakers receive rewards for not being able to sell their HEX while it’s Staked.
More than 300,000 BTC in over 30,000 addresses minted their own HEX for free using the HEX contract. HEX is the first cryptocurrency with a chart of its future locked supply. You can see when big Stakes are set to expire and plan around them to receive your HEX at times of low supply.
Stakers get paid rewards daily. This multiplies their ROI when HEX’s price appreciates against USD. Active Stakes also receive penalties of other users who end Stakes earlier or later than they committed to. HEX rewards longer and larger Stakes as well, resulting in an average APY of around 40%.