About HEX:
HEX is the first decentralized time deposit. Legacy time deposits are worth trillions of dollars. Time deposits are worth more than the net value of gold, credit card companies, and cash combined. HEX replaces inefficient banks and payment networks with verifiably secure, audited peer-to-peer technology running on the time-proven Ethereum blockchain.
HEX’s primary claim is that stakers are paid interest. Without trying to get technical, it’s actually paying Inflation. The contract is not holding any HEX in reserve from which to “pay” stakers. When a stake ends, the contract computes a value of the stake based on all payment parameters and penalties and then mints that many HEX to the user. It uses a flat 3.69% inflation rate, compounding as often as daily. So if a user stakes 100 HEX (which are burned) and at a later date, the contract mints 100 + some payout HEX, HEX has inflated by “some payout”. That’s the mechanism of paying interest.
HEX inflates by crediting coins to the staker payout pool. Unlike inflation in the real world, the new coins are locked-by-default. Inflation only hits circulation when a stake matures and the staker collects their coins. The contract doesn’t even mint coins until that moment and burns coins upon staking. The total supply function is synonymous with the circulating supply. Maturing stakes are unlikely to be highly correlated because people will use a mix of time horizons. People will claim/stake at different start weeks, and ending a stake is not automatic which means there will be different end stake days even for otherwise identical stakes. Therefore, inflation is very likely to trickle into circulation rather than dump into circulation.
URL: https://hex.win
Wallet: https://go.hex.win
Block explorer: https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39
HEX intro video: https://www.youtube.com/watch?v=qFdVVCw1AW0&feature=youtu.be
The teams of both projects reached an agreement to provide 1500$ worth of HEX tokens that will be distributed to Premium Membership Holders on eterbase.exchange after the AMA with the CEO Richard Heart next week. Prepare your questions and activate your Premium Membership Account if you still haven't!
- Deposits: OPEN!
- Trading: LIVE!
- Pairs: HEX/BTC!
- AMA: TBA(follow our socials)
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