HEX The First High Interest Blockchain Certificate of Deposit
Greetings to you, dear readers. I am always glad to share with you the most promising ideas and start-ups from the world of crypto-currencies. They are created in order to facilitate our life with you, and to change the world in the future.
Despite the way that the blockchain advancement has recorded a reasonable market capitalization over a few years of introduction,there are as yet hardly any issues tormenting the blockchain technology till date and with numerous developers attempting to discharge their very own computerized monetary standards to convey,best case scenario for clients everywhere throughout the world yet many failed to deal with the issues dispiriting mass adoption of the blockchain and the use and affirmation of Cryptocurrencies in our ordinary everyday life.
HEX is the first blockchain certificate of deposit.Trustless intrigue.Pays holders rather than miners. Staking HEX resembles getting free mining equipment and power. Bitcoin miners get paid to dump the cost. HEX stakers get paid to hold the cost up,sounds interesting isn’t it?
CDs are worth more than gold, credit card companies, and cash. CDs pay higher interest than savings accounts, requiring money be deposited for a fixed time. Banks profit on poor customer service, early withdrawal fees, and auto-renewing you at worse rates. The % they pay you in interest doesn’t keep up with the % prices increase. New USD is printed all the time, making yours less valuable. HEX replaces inefficient currencies, banks and payment networks with verifiably secure peer-to-peer technology. HEX takes the profit out of banks and government money printing and gives it to HEX holders.
HEX pays Trustless Interest with no counterparty risk. Pays holders instead of miners. Staking HEX is like getting free mining hardware and electricity. 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 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. 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. 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. HEX is the first cryptocurrency with a chart of future sellable supply.
The minimum time a holder can stake for stands at seven days, with the maximum hitting up to 50 years. While a stake has been made and is in progress, holders cannot increase, decrease, or otherwise modify the stake length or amount. A stake may be ended early via a protocol known as “Emergency End Stake.” However, the holder incurs a fee for ending the stake early – equivalent to the profit of half the weeks committed to.
When staking via the Hex.win website, interest payouts are allocated in HEX at the expiry date of the staking period. Once this period ends, holders can either re-stake or dump the tokens.
In order to claim HEX, investors must have held bitcoin in a privately owned wallet – such as electrum, or Coinomi – at the time of the snapshot on December 2. Investors can claim from multiple wallets at a rate of 10,000 HEX per BTC, with an added 20% bonus in the first week following the snapshot.
According to the Hex.win website, holders only have until 50 weeks after the initial snapshot to claim their HEX. Late claim penalties also apply. For every week HEX goes unclaimed, the HEX allocation will decrease by 2%. This is done in order to incentivize early holders. Nevertheless, those who missed out on the snapshot and claim period can still buy HEX coins to stake.
Intail claims made in the 353-day launch phase are autostaked. Autostaking locks in 90% of HEX tokens to ensure against premature dumping and to encourage the price discovery of HEX.
In essence, HEX is shaping up to become the primary financial tool of the crypto revolution. Based on the traditional institutions of old, Hex aspires to instill a positive feedback loop in order to foster adoption and value appreciation.
Final Conclusion
Since HEX is an ERC-20 token implied for holding,it has none of the unchanging, trustless, and secure functionalities that we as a whole venerate about Bitcoin.It is an Ethereum based token. There is actually nothing ‘Bitcoin’ about HEX, instead its better.
HEX offers an intriguing method to transform existing Bitcoin possessions into free HEX. The team behind HEX made another sort of budgetary instrument online with this HEX Crypto Coin, the reason why digital currencies survive and have value overtime is their real use cases and HEX coin delivers something very fresh and new that you won’t like missing, this is another opportunity that’s better than the era when bitcoin was cheaper and many missed the train.
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ACCURATE INFORMATION
Website : https://hex.win/
Facebook : https://www.facebook.com/HEXcrypto
Twitter : https://twitter.com/HEXCrypto
Telegram : https://t.me/HEXcrypto
Bounty Telegram : https://t.me/BountyDetectiveCommunity
Github : https://github.com/bitcoinHEX
Reddit : https://hexcrypto.reddit.com/
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