Monetizing the time-value of money, HEX is the first blockchain Certificate of Deposit, designed to significantly appreciate and earn average 38% APY interest.
HEX is a cryptocurrency in the Decentralized Finance sector, developed to replace the global trillion dollar banking service of Certificates of Deposit (CD). It is a new way to monetize the time-value of money (i.e. pay your future self) and the first of its kind on the blockchain. Also known as Time Deposits, CDs pay higher interest than savings accounts, requiring money be deposited for a fixed time at your bank. But the benefits of using HEX instead of the bank’s service is the flexibility to set time deposits on your own terms, earn trustless high interest, and participate in positive-price game theory. Ranked a top 10 cryptocurrency (most accurately #3), over $10 billion is currently staked, with an average stake length of 8 years, paying a variable 38% APY. This kind of verifiable onchain commitment seen in HEX is unprecedented in cryptocurrency. The scarcity of this token makes price extremely sensitive and during its first year of inception, it outperformed every asset in 2020, appreciating 352x over the dollar. After 20 months of exsistence HEX did 10,000X, outpacing BTC and BTC in its 21 months of exsistence. HEX is a better store of value than Bitcoin, plus it generates interest. But HEX is NOT a get-rich-quick-scheme, it is very much a long term investment and nothing is guaranteed.
HEX addressed a larger market than Bitcoin, between just the US and China there is $5 trillion of currency printed versus $7.2 trillion locked in time deposits. HEX also processes payments better (high through-put, cheaper, more secure with available anonymity) and is designed to become the most appreciating asset in human history. HEX has no AML/KYC, no signup, you mint your own rewards - just like Bitcoin miners mint their own rewards, and yield is generated from inflation in the real world, HEX stakers generate their own interest, you are your own bank. HEX embraces proof-of-stake.
The primary value-proposition in HEX is it generates scarcity and positive price pressure througth the delay of gratification. This is similar to virtual lending in that stakers lock their coins up, decreasing the market supply, and applying upward price pressure which can only be harvested by those who hold liquid coins. And the premium liquid holders are paying for the ability to harvest that appreciation, is that they are being dilluted by the inflation that the staker class is receiving (3.69% annually if everyone is staked). Unlike Bitcoin holders, which are negatively impacted by inflation, as it is used to reduce the price to cover mining costs, inflation in HEX is a profit-center to stakers. Watch a layman's explanation of HEX or this explanatory interview.Read more reasons why HEX is special
In addition to owning the HEX token, users can stake their tokens between 1 and 5555 days. Staking means creating a digital time deposit in order to earn interest. The longer users stake their tokens, the higher the returns will be. Emergency ending stakes penalizes users while handsomely rewarding fully matured stakes, all whilst the value of tokens increase over time due to the price-positive game theory. Using HEX to create blockchain time deposits works similar to the traditional finance system, except HEX pays trustless interest with no counterparty risk (executing peer-to-peer on the blockchain) and appreciates in value. Watch this to learn about laddering stakes and the invaluable HEX shares. Currently, over $10 billion dollars worth of HEX tokens are staked by over 77k participants, time-locked for an average of 8 years per stake.
Imagine if Bitcoin paid its holders with more Bitcoin for committing to not sell for time periods of their choosing - a time deposit. Now imagine if committing to longer time periods paid even better, and when others break their commitments those who keep theirs receive even more Bitcoin. What would overall net buying and selling activity look like? Removing tokens from the circulating supply is a key design feature to positively influence demand pressures on supply. HEX is also the first cryptocurrency with a chart of future sellable supply (bar chart of expiring stakes over time can be viewed at the bottom). This secures buyers confidence in the future value of their investment and virtually lends value from stakers to non-stakers as staking reduces supply causing upward price pressure of unstaked coins.
There is a complex incentive structure within the HEX ecosystem designed to motivate, or prevent, specific behaviors. Users can maintain the flexibility to remain liquid and speculate, or save themselves from the volatility and stake instead. Fewer stakers means higher interest. More stakers means less circulating supply, which prevents crashing HEX price, as the liquidity is predictable and staggered. The flexibility to customize time deposit duration between 1 and 5555 days, as well as the token quantity is immensely valuable for different time frame investors, with varying starting capital, investment aspirations and strategies. HEX is a finished product designed to richly reward participants, of any size, in ways no cryptocurrency ever has. View expanded use cases and listen to the pitch from the founder of HEX, Richard Heart.
I have been a cryptocurrency investor since 2017 but I have never been more excited about a crypto project than HEX ever before. I am especially passionate about the Decentralized Finance (DeFi) sector and how revolutionary it can become for the betterment of humanity in an effort to replace bank products.
In a hyper-inflationary global economic environment I believe investors need to be cognizant of maintaining the growth of their savings from the continued diminishment of purchasing power. And young people, especially, need to be enlightened on better ways to make their money work for them. HEX is a powerful hedge for the dilution of the dollar and the purest form of democratized money with an interesting gamified incentive structure which teaches people smarter investing and delayed gratification - all tried and true elements of wealth creation in crypto: hodling. The successful among us bargain with the future,
“The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term, is the indispensable prerequisite for success.” - Brian Tracy
HEX is the fastest appreciating crypto-asset ever invented. BTC did 6,900,000X in 12 years, ETH did 40,000X in 6 years and HEX did 10,000X in only 21 months, outpacing BTC and ETH in its first 21 months of existence. So far, HEX is a better store of value than Bitcoin. The contract is immutable, there are no updates, no middlemen, no managers, or admin keys in HEX.
The APY is dynamic interest based on staked proportional percentage to the total HEX supply.