What is $HEX?

Launched on December 2, 2019 by Richard Heart and team, HEX is the first certificate of deposit on the blockchain, but what is $HEX? It is essentially time deposits that gain interest, HEX is an ERC20 Token that runs over the Ethereum network.

Certificates of Deposit (CDs) are common investment tools managed by banks. CDs are used by hundreds of millions of people worldwide, creating a market valued in the trillions of dollars. HEX has taken the concept of CDs, added significantly higher average interest rates, removed banking fees, and turned it into a decentralized cryptocurrency.

By locking any amount of HEX you choose for a period of time between 1 and 5555 days, you “stake” your deposit and gain interest every single day. The average APY is over 40% while traditional bank CDs average less than 2%.

No central entity, bureaucracy, or overhead, and no bonuses awarded to anyone besides users who stake HEX. As a simple to use, high interest investment tool, HEX makes you the bank.

Hex is one of the best performing assets over the past 2 years and is currently up by 9’600% from his low in 2020.

HEX price performance

Hex is one of the best performing assets of all time and is currently up by 928’000% from it’s low in 2020. An investment of $100 in 2020 would have turn into $1 million in 2022. The price has now corrected to $0.05 and it is a great entry opportunity.