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Hex Holders Coin (HEX) Review : Is It Good Or Bad Coin Read Our Article

Bixer Simond by Bixer Simond
26/05/2023
Hex Holders Coin (HEX) Review : Is It Good Or Bad Coin Read Our Article
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About Hex Holders

Hex Holders is an ERC20 token launched on the Ethereum network. This is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. This is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. They uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.

HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.

Hex Holders is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract.

Hex Holders Coin Wallets Point Table

Coin BasicInformation
Coin NameHex Holders
Short NameHEX
Circulating Supply173,411,074,413 HEX
Max Supply633,542,658,973
Official Project WebsiteClick Here To Visit Project Website

Hex Holders Price Live Data

The Future Finance Is Here

You can mine HEX by running some code on your computer or phone once and waiting anywhere from 1 to 5555 days, you choose how long. Then you can mint your rewards by running some code once more. You earn larger rewards based on how long you commit to wait. Longer Pays Better. The APY for HEX mining of average length is 38%. Imagine minting HEX rewards while the price of HEX is going up, you win twice. HEX is totally decentralized. You mint your own rewards. There are no middlemen in HEX.

Hex Is Special

HEX is changing lives

Delayed gratification is the key to success in personal development and investing. HEX incentizes you to use time to your advantage.

Incredible performance 

Cryptocurrencies are the highest appreciating asset class in the history of mankind. Bitcoin’s price appreciated 6,500,000x in 12 years, from $0.01 to $65,000. HEX has appreciated 9481x so far, outpacing both Bitcoin and Ethereum. A 6,500,000x would put HEX at $367.

HEX removes middlemen 

HEX is a finished, immutable, unstoppable smart contract with 3 independent audits from two of the top Blockchain contract auditors in the world. By design there is no central entity in HEX. No one owes anybody anything. As long as you have your private key, you truly own your HEX.

HEX’s share price went up 16,104x 

The price of a single T-Share rose from $.56 to as high as $9018.

HEX’s inflation is capped at 3.69% 

HEX is the first cryptocurrency with a chart of its future locked supply. You can see when big miners are committed to stop mining and plan around them to mint your rewards when others are less likely to be minting theirs.

HEX pays 38% APY on average 

Miners earn rewards daily. They can mint them all at once at the end of their commitment. This multiplies their ROI when HEX’s price appreciates against USD. Active Miners get to mint extra rewards for themselves when other miners mint their rewards earlier or later than they committed to. HEX rewards longer and larger mining as well.

The HEX Diamond

Recently Richard Heart bought the world’s largest cut diamond called “The Enigma”. It’s billions of years old, weighs 555.55 carat and has 55 facets. Richard renamed it to “The HEX.COM Diamond”.

Conclusion

Finally, Hex Holders is an ERC20 token that was introduced to the Ethereum network with the intention of acting as a store of value. In the area of blockchain, it has been specifically created to provide an alternative to the conventional financial product known as the Certificate of Deposit (CD).

Hex Holders aims to give customers a safe and decentralised way to store and preserve value by utilising the capabilities of the Ethereum network. A Certificate of Deposit is typically a financial product available on traditional financial markets where customers deposit money for a predetermined amount of time in exchange for interest.

In the context of blockchain, Hex Holders seeks to imitate this idea by giving users access to a comparable store of value instrument. As an ERC20 token, it adheres to the standards defined on the Ethereum network, ensuring compatibility with various wallets, exchanges, and other decentralized applications.

FAQ

What is Hex Holders?

Hex Holders is an ERC20 token launched on the Ethereum network. It is designed to serve as a store of value, providing a blockchain-based counterpart to the traditional financial product known as the Certificate of Deposit (CD) in traditional financial markets.

How does Hex Holders replace the Certificate of Deposit?

Hex Holders aims to replicate the concept of a Certificate of Deposit on the blockchain. It provides users with a secure and decentralized solution for storing and preserving value. Instead of depositing funds in a traditional bank, users can hold Hex Holders tokens as a store of value, potentially earning interest or other incentives.

What are the advantages of using Hex Holders as a store of value?

Hex Holders leverages the benefits of blockchain technology, including increased transparency, immutability, and accessibility. It offers users a decentralized alternative for storing value, allowing them to have greater control over their funds and reducing reliance on traditional financial intermediaries.

How can I acquire Hex Holders tokens?

To acquire Hex Holders tokens, you can typically participate in the token’s initial distribution or purchase them from cryptocurrency exchanges or decentralized exchanges that support the trading of ERC20 tokens. Keep an eye on official announcements and listings to ensure you acquire tokens from legitimate sources.

How can I store Hex Holders securely?

Being an ERC20 token, Hex Holders can be stored in Ethereum-compatible wallets that support ERC20 tokens. Examples of such wallets include MetaMask, MyEtherWallet, and Ledger Nano S. It is crucial to use reputable wallets and follow security best practices, such as storing private keys securely and being cautious of phishing attempts.

Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .