HEX - The First High Interest Blockchain Certificate of Deposit

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, HEX, a de-centralized, distributed block-chain CD that perfectly takes the place of ineffective, low-benefits currency, bank currency features and other payment-settlement platforms has arrived.

"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.

As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.

Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals."

With that being said, HEX will give to it's CD holders the profits banks and others would have gotten.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is HEX?

As depicted above and as indicated on the official website of Hex, HEX is a de-centralized, distributed block-chain CD that perfectly takes the place of ineffective, low-benefits currency, bank currency features and other payment-settlement platforms. It uses a high-security peer-2-peer architecture.

Again, HEX is a decentralized block-chain Certificate of Deposit that substitute for less-paying crypto-platforms, low-interest bank deposits and other payment-settlement media.

HEX or CDs, as can be seen in the above overview is very relevant in the crypto-currency-exchange market. HEX is expected to keep increasing in size and never diminish in in terms of its value.

Hence, HEX will give to it's CD holders the profits banks and others would have gotten.

The Features

HEX is the first certificate of deposit on the blockchain! HEX pays Trustless Interest with no counterparty risk. Given programmable money the first program should be interest.

Pays holders instead of miners. Staking HEX is like getting free mining hardware and electricity. Bitcoin and HEX comparison

No Satoshi (if he doesn’t claim in 50 weeks) or Mt.Gox dumping on you. No inflation bug possible like bitcoin has had. Unit bias fixed. More distributed mining ecosystem. Whale penalty which gives whales coins to stakers, etc.

Around 12 million or more of the 18 million total BTC worth of HEX claims will be given to the stakers on day 353 by shares. And! It gets multiplied by the Viral and CriticalMass adoption bonus multipliers which can increase it up to 3x. The share price only goes up.

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. Founder is a marketing expert with an audience. Early adopters get paid extremely well.

20% Speed bonus falling to 0% during the fifty weeks. Unclaimed coins paid to stakers 2% per week for 50 weeks. Every week you don’t claim, someone else gets your coins. Critical mass and Virality bonuses increase payouts to stakers so they make more HEX the more people that claim, than if less people claimed, even though they get unclaimed coins on day 353. 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.

Trustless Interest

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 rebuy 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 fixes 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 has Speculative Stickiness.

Normal crypto currencies have: Price, hash rate.

HEX has: HEX price, Share price, Directly affects staker profit per share: % of supply staking, Average stake length, Average stake size, stake expiration chart over time, early & late end stake penalties.

What HEX intends to do in order to take the place of ineffective currencies and low-interest banks' savings (and bank charges) is highlighted below:

Getting Rid of Middlemen

HEX is getting rid of MIDDLEMEN or 3rd parties.

Ethereum to Hex

Traders will be allowed by HEX to transform ETH directly to HEX for staking.

Free-claim for Bitcoin Owners

HEX will enhance HEX's adoption by giving free HEX to Bitcoin owners.

Rendering Assistance to Small People

HEX will work to assist newbies and small guys to enable them participate easily in the platform.

Rewards for Early Acceptors

Those who hear of HEX, accept it early and claim HEX coins will be respectively rewarded with bonuses while latecomers will get penalties for hesitating.

Rewards for Referring

HEX has packages for rewarding those who refer others amd those that are referred.

Staking

Staking means keeping or saving up funds in a crypto-currency wallet which the crypto platform uses for operation. In HEX platform, bigger stakes and stakes that are held for longer periods enjoy more shares and more profitable shares.

Incentives

As more and more personal take part in the network, everyone enjoys more. More persons are expected to keep joining because incentives (for motivation) are well aligned to them.

Increasing Size and Durable, Constant High Value

HEX is expected to keep advancing and remain valuable. It is consider as Finance's Future.

About the HEX Coin

The HEX coin is the cryptocurrency of the HEX platform and also known as the native token of HEX platform. HEX has been designed to bring a lot of benefits to holders of it and as such would also be the major medium of interaction and transactions on the platform.HEX is expected to keep increasing in size and never diminish in in terms of its value.

How to Claim/Own HEX Coins

To own a HEX wallet and claim HEX coins, one needs to do any of of the following:

Purchase ETH and convert it to HEX

Claim free HEX if you are a Bitcoin owner

Buy HEX from someone

MEET THE AMAZING TEAM

RICHARD HEART: FOUNDER

CODY LAMSON: DEVELOPER

DAN EMMONS: CONTRIBUTOR

KYLE BAHR: ANALYST

PAUL HUGHES: ANALYST

BRENT MORRISSEY: MARKETING EXECUTIVE

DAVID WILSON: EVANGELIST

LOUIS D.: DIRECTOR OF OPERATIONS, ASIA.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://hex.win/

Twitter: https://twitter.com/HEXCrypto

Facebook: https://www.facebook.com/HEXcrypto

Telegram: https://t.me/HEXcrypto

Github: https://github.com/bitcoinHEX

Reddit: https://hexcrypto.reddit.com/

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

My Ethereum Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.