Hex.com is a new type of cryptocurrency with a new consensus. It utilizes proof-of-wait (PoWa) protocol, allowing users to stake and earn interest via the HEX smart contracts. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (HEX/USDT – Trade it here) on our Innovation Zone! Check it out now!
How Does HEX.com Work?
In simple terms, HEX.com is something like a crypto fixed deposit. It works like a crypto investment bank where users will lock their tokens for a period of time to earn interest rates. Currently, HEX.com runs on its very own proof-of-wait (PoWa) consensus and it brings in very lucrative rewards to holders. Furthermore, the team believes that their token is way more superior than Bitcoin and guarantees rewards to users who trust the system. Despite facing some backlash and controversy as a ponzi scheme, they are now performing better than ever.
At the moment, HEX mining averages 38% APY returns every year. Additionally, miners do not need any special hardware or electricity. There are also no middleman to take profits off daily. In fact, their work is already at a 3+ years of flawless operations.
Staking and Interest Rates in HEX.com
After its initial year of high inflation, HEX’s current inflation rate is capped at 3.69% per year. This rate is paid out to Stakers as a reward for maintaining the price, and Stakers can earn significantly higher profits from Staking than the inflation rate alone. In fact, Stakers currently enjoy an average APY of 38%, which is much higher than the 3.69% inflation rate. This means that inflation is actually a benefit for HEX Stakers, rather than a cost. Furthermore, HEX’s inflation is delayed since it is only paid out to ended Stakes, many of which last for 15 years (on average more than 5 years).
Where to buy HEX Token
You can find HEX Token here at MEXC! We are listing HEX/USDT in our Innovation Zone!
What is the Price of HEX Tokens?
The price of the HEX token is $0.08725 per unit. It has a market cap of $15,033,255,490 and a fully diluted market cap of $55,278,602,022. It also has a 24-hour trading volume of $19,371,860. You can check the live price of their token right here!
How to buy HEX Tokens
You can buy HEX Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “HEX” using the search bar to see the available trading pairs. Take HEX/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of HEX you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy HEX] to confirm your order. You will find the purchased HEX in your Spot Wallet.
You can find a detailed guide on how to buy HEX Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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Recently HEX have a new own explanation, instead of the old “narrative” created for people to understand more how does HEX work.
STAKING ?
1-Nope, In fact HEX was never STAKED, because the HEX used in a so called DEPOSIT, was never deposit, was and stil is: sent to a null adress from where it never return. the HEX is BURNED, destroied and nobody will never use it again.
2- thats right people when they BURN their HEX in the smart-contract they start a “mining period” (it was called “starting a stake” but we now know that its nothing related to staking, because the tokens are destroyed, not deposit or used anywhere)
3- Having said that, the smart-contract of HEX assigns to your address something they call “t-shares” inmagine a PICKAXE used in mining (we can call it a pickHEX 🙂 and these “t-shares” ou “pickHEX’s” will determine your position in the “MINING POOL” of users.
4- the user can choose a “mining period” of 1 to 5555 days,
>The more HEX you use, MORE pickHEX (t-shares) you can get.
>The more days us choose to mine, also MORE pickHEX you can get.
But these time periods you choose, must be respected, after all you choose them right?
failing to fullfill the “mining time” choosed, you wil have penalties, and these can be from losing all HEX burned, to receiving only the PRINCIPAL you spent, or a percentage of the yeld you had so far.
5- since the smart-contract is closed, and can not be changed no more, te inflation is (and allways was fixed at 3,69%, but why do people receive more like 40% or 38%?? because the penalties, 50% of penalties a new HEX is minted and locked in a Special Adress, and the other 50% of penalties are distributed to all people in their “mining period” (people can and only the user can terminate the mining period at all time), the smart-contract calculates the yeild since day one of the minig period until today, and proceed accordingly, minting new HEX to the user and reassigning the penalties to all other users still “mining”. a perfect ecologic-system.
6- all this is done with no middle-men, only the user and the smart-contract in ethereum and soon on pulsechain a new etherum clone blockchain, on wich every ethereum holder will have a copy of all its erc-20 tokens including liquid HEX or the “mining periods” where people burned theis HEX, all of this will be cloned to pulsechain.
How Does HEX.com Work?