The project was created by Richard Heart and it is designed to become a store of value.
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): HEX is the first blockchain in this regard whose ROI (return on investment) is inversely proportional to the tokens wagered.
If 1% of the tokens are in game (Stake), the ROI exceeds 369%, while if the tokens in play are around 20%, the ROI is 18.45%. Obviously, the more the tokens are stacked, the more interest is generated, for example there is a 20% bonus for those who lock the tokens for more than 1 year.
This interest is paid thanks to the HEX tokens that are created. The annual inflation rate is 3.69%, and this is where you can already see the first difference with bitcoin: an inflationary asset versus a deflationary one.
Why is this cryptocurrency becoming famous?
One strategy that has been adopted for marketing has been to create a mechanism whereby all bitcoin holders receive an aerial launch (it is necessary to apply through a process dedicated) from the snapshot of December 2, 2019, giving 10,000 HEX for each BTC. This airdrop is valid for 50 weeks.
The token is listed on minor exchanges and DEX, currently trading at approximately $ 0.003.
Is HEX a scam?
The token has received a lot of criticism because this system is not sustainable and invites the user to buy and invest to obtain a significant return in the future, which is not guaranteed.
Furthermore, the volumes shown They are not dictated by the interest of the project, but by the fact that those who have applied and will request to receive the airdrop, sell it for profit, instead of waiting for a future income or that the price will increase.