HEX Crypto | Hex Crypto Analysis | How Does Hex Crypto Work
213HEX Crypto | Hex Crypto Analysis | How Does Hex Crypto Work
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Welcome to Our HEX Crypto Video!
The blockchain and cryptocurrency ecosystem has grown exponentially since its inception, continually attracting the attention of the global audience with amazing innovations and far-reaching products and projects.
HEX.com is one of the most innovative projects in the entire blockchain and cryptocurrency ecosystem. It is known as the first-ever high-yield, triple-audited blockchain certificate of deposit. These Certificates of Deposits, also known as HEX CDs, are worth much more than their initial price. According to reports, these CDs are worth more than gold, credit cards, etc. They also provide holders with much higher interest rates as compared to rates offered by conventional financial institutions.
This video is a general review of the HEX.com ecosystem. Also, pointing out important facts and details about HEX. The video will also cover how users can earn daily rewards on the platform.
More on HEX
Launched in December 2019, HEX, formerly known as BitcoinHEX and hex.win, was created by Richard Heart. The launch also took place with a one-year launch phase. In line with the launch, HEX users were able to claim HEX tokens. The token could also be swapped for Ethereum (ETH) tokens via the Adoption Amplifier (AA).
In total, more than 300,000 Bitcoin (BTC) minted their HEX using the smart contract. By the last day of the launch, all unclaimed HEX tokens were shared with the Staker Class. Also, this method of distribution provided the best participants with the highest HEX token rewards and vice versa. The end of the launch period also signified the commencement of a new era in the HEX ecosystem. Users can now simply send and stake HEX tokens using the smart contract, now also known as the base layer.
What is Hex (HEX)?
The idea for HEX stemmed from the poor return on investment offered by traditional banks. Founded by Richard Heart, the HEX team wanted to create a currency that would allow investors to earn high passive rewards.
HEX holders can stake the cryptocurrency by locking it up for any period between one and 5,555 days. The official website says investors will earn an average annual percentage yield (APY) of 38%.
The initial high inflation phase took place in HEXโs first year, where the majority of tokens were minted. Now, the inflation is locked into a 3.69% increase of HEX tokens every year. This is rewarded to the stakers in return for maintaining the HEX price.
But as HEX is an inflationary cryptocurrency, it will struggle to hold up a high price point. The abundance of a cryptocurrency tends to result in a lower price, as the supply is higher than the demand.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our HEX Crypto video. Make sure to leave a like on the video if you gained value from it!
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โฐ TimeStamps โฐ
0:00 hex project introduction
0:38 hex project summary
11:43 hex project outro
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