HEX: everything you need to know about this cryptocurrency
HEX is a cryptocurrency whose opinions are very mixed and often critics of the project transform the word HEX into hoax (deception / scam in English), but what is the truth?
The project was carried out by Richard Heart and was designed to become a valuable store.
How does HEX work and what does it offer as a cryptocurrency?
To do this, HEX uses a traditional financial instrument, certificates of deposit (CD): in fact, HEX is the first blockchain in this sense of which KING (Return on investment) is inversely proportional to the chips wagered.
If 1% of the tokens are placed in stakes then the ROI exceeds 369%, while if the stakes are around 20% then the ROI is 18.45%. Obviously, the more you hold the chips in play, the more interest you have, for example, there is a 20% bonus for those who have blocked the chips for more than a year.
This interest is paid using the HEX tokens that are created. The annual inflation rate is 3.69%, and it is here that we can already notice a first difference with bitcoin: an inflationary asset against a deflationary.
Why is this cryptocurrency becoming famous?
A strategy adopted for marketing has been to create a mechanism by which all bitcoin holders are recognized drop (you must make the claim by procedure devoted) from the snapshot of December 2, 2019, recognizing 10 thousand HEX for each BTC. This release is valid for 50 weeks.
The token is listed on minor and DEX exchanges, currently trading at around $ 0.003.
Is HEX a scam?
The token has been the subject of many criticisms because such a system is not sustainable and invites the user to buy and invest for a significant return in the future, which is however not guaranteed.
In addition, the volumes that we can to have they are not dictated by the interest of the project, but by the fact that the one who made and will make the drop claim sells it for a profit today, rather than speculating on future income or that the price goes up.
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