It’s an immutable smart contract that rewards those that lock up their coins when they stake. Unlike many other crypto products, HEX gives you complete self-custody over your coins; there are no middlemen, i.e.) Central Exchanges. In other words, HEX was designed to be like a long term savings account but with far greater yield than with anything the bank has to offer.
If you’re new to cryptocurrencies, here’s how all of this works. When you purchase HEX, it behaves like any other cryptocurrency. They vary in price as people trade them just like Bitcoin. However, unlike other crypto assets, HEX pays you yield in the form of more HEX for locking up your monetary value for a selective period of time.
The longer you time lock your HEX, the higher your yield will be. This is not unlike a traditional banking certificate of deposit. The key difference is HEX was designed to yield extraordinarily high rates of return versus typical banking products and puts you in complete control over your finances.
But what does this really look like? Some people get into HEX without understanding enough about the product. They immediately make a large investment and throw out a few random stakes between 1–2 years. While this is great, HEX was designed to produce significant returns in both yield and fiat value over the course of several years, not just one or two.
If you properly understand it’s design, you can set yourself up to earn a perpetual passive income from HEX. This is like planting an orchard of apple trees. Apple trees are designed to take time to fully mature before they yield significant amounts of produce. HEX was designed in much the same way.
Could you imagine trying to live on two year old fruit trees that only just started producing a fraction of their full potential? Sure, you may see significant growth and even yield a little produce. But it would be impossible to enjoy the fruits of your labor for years to come.
But what if you employed a longer term plan in the development of your apple orchard? What if you planted a new crop each year from years 1 to 15? And what if you continued this process every year thereafter?
If you did this, you would essentially have a never ending supply of apples for generations. Can you imagine how much produce you would receive from your 10 to 15 year old apple trees? You could supply enough apples to feed a small country!
This is EXACTLY how HEX savings works. It’s a long term savings account.
Now, I’m not saying you should lock up all of your HEX for 15 years and forget about it. Although some have. And they seem to be quite happy with their decision. I’m saying: If you build a proper staking ladder, one that sets stakes to mature up to 10 or 15 years from today, you can enjoy the maximum yield on your investment for years to come.
Having stakes set to mature between years 1 through 15 allows you to enjoy the fruits of your investment early while also giving you the patience and discipline to reap potentially life changing rewards in the longer term. It’s the same as enjoying the abundant fruits of a 15 year old apple tree versus a 1 year old tree.
Imagine if Bitcoin was designed this way. All of those who bought Bitcoin for one dollar in the early years, maybe wouldn’t have sold all of their holdings at 10 dollars and missed out on an additional 600,000% ROI (return on investment) in less than 7 years. Not to mention where the price is today…
Maybe if Bitcoin earned more Bitcoin in the form of yield for holding, more investors would hold long term and be less likely to sell. These supply and demand economics cause the price to soar with very little sell pressure.
