HEX (HEX)

“HEX is an ERC20-compliant token on the Ethereum blockchain that can be stored in any wallet that supports Ethereum. The recommended wallet for HEX is the MetaMask browser extension, although users with balances over $10,000 are advised to use a hardware wallet such as Trezor for added security. HEX follows the ERC20 standard, which means it can be used as a day-to-day currency and is supported by tools such as zksync.io, which allows for high transaction speeds. HEX is also compatible with scaling solutions such as Raiden, plasma, and state channels.

HEX was designed as a store of value rather than a medium of exchange. It works like a spreadsheet that tracks who owns how much HEX and requires a password to spend. HEX allows users to lock up their tokens for a fixed period to receive rewards, similar to a bank certificate of deposit (CD). These rewards average 38% per year and are paid from a 3.69% inflation, meaning no one owes anyone else anything.

The long-term goal of HEX is to replace traditional stores of value such as gold, which has a market cap of around $8 trillion, and payment and credit card companies like Visa, MasterCard, and PayPal, which have a combined market cap of around $770 billion. HEX also aims to replace legacy certificates of deposit, which have a market cap of around $571 billion in the US alone and trillions of dollars of value globally. HEX seeks to achieve these goals by providing trustless yield and replacing middlemen.”