HEX The wonder you are all wondering…
Is Hex a Scam?
The short answer is no, it does not appear to be a scam. Anyone that does not like HEX or calls it a victimize HAS NOT DONE THE RESEARCH. Sit your american samoa down and understand this foliate : hypertext transfer protocol : //hex.com/techspecs/
then vigil as many hours of Richard Heart ’ mho livestreams as you can. Why ? Because he opens them up to questions and sometimes goes on for 8 hours answering them and explaining HEX and crypto in general. The rest of this post was written early in the HEX launch phase, and contains older information. Feel free to read it to get a palpate for what was known, at that time. The project has done EXTREMELY well price-wise since establish – and the haters missed out. Will it succeed ? As with all things in crypto, only time will tell. possibly a long time…. People in the know are already using Staker App, a residential district built project with ongoing back that allows you to buy HEX and track your stakes, which is incredibly useful. You can besides scan this QR code to get it now .
Are you playing NFT games and earning crypto ? This post explains how to cash out in HEX. Everything below here is older, but possibly utilitarian data in your research. first, let ’ s understand a bit more about the fall through – Richard Heart .
Who is Richard Heart?
Richard Heart The collapse is Richard Heart who has a questionable repute and controversial list in the cryptocurrency space, leaving investors asking if HEX is a victimize. Richard is the face of HEX and besides the argue for public incredulity towards it. At the prison term of this writing, team members besides included Kieran Mesquita, Cody Lamson, Brent Morrissey, and Dan Emmons. He hosts a popular cryptocurrency focused YouTube channel where he interviews guests and provides cryptic insights into the inside workings of the industry. Richard Heart ’ s net worth is obscure, but he claims to have made 60 billion dollars from his anterior selling business. He says this has made him a millionaire with “ plenty of money. ” So, what’s the skepticism about? To start, Richard Heart is a pen-name. Thanks to some thorough research, it is believed that his real mention is Richard James Schueler. When asked about this in his YouTube television, he ’ second open about the fact that Richard Heart is a pen-name and until he launches a undertaking that requires people to invest, he will not give up his genuine identity. Why does he care if people know his real name? Another great question. A viral mail went public and made waves in the cryptocurrency outer space, showing an unexpected side to Richard ’ s naked behavior. The station reveals an alleged shady history doing commercial enterprise in Panama and connections to gangsters. Richard gained his riches from several different businesses – he is known as an electronic mail, affiliate, and multi-level seller. He noted gaining his wealth in the early 2000s by selling virtually anything such as sex toys, sex performance drugs, and anything else that he can advertise through electronic mail marketing. In layman ’ mho terms, he was an early adoptive parent of annoying e-mail “ spam, ” and profited big prison term from it. however, he is capital at what he does. He boasts ramping up his market company to 160+ employees and was able to retire early. After retiring, he played video games for several years and came across Bitcoin while reading on Reddit. He became an early adoptive parent, well connected, and ultimately, a thought-leader in the space. After a viral interview with Roger Ver, his subscriber count and Twitter following soared cursorily – and he knows how to capitalize from this. silent, it goes without saying that Richard is a bright serviceman, knows how to build a team, and most importantly, knows how to sell. It ’ south significant to understand the reasons behind his controversial trope because, at the end of the day, HEX is nothing particular from a technical point of horizon. Anyways, this is about HEX, not Richard Heart, so let ’ s prima donna into the project.
What is HEX coin?
Watch this video to hear it directly from Richard Heart HEX is not a stick out promising increase scalability, side-chain compatibility, or innovations on consensus. rather, it is an ERC-20 token intended to make early adopters rich and is designed to do 10,000X over 2.5 years. Users receive referral bonuses and early claimers get a bigger piece of the proto-indo european. According to the FAQ on the web site, HEX was launched for what we consider to be an terribly rationalize cause. When asked “ Why are you launching this ? ” – the FAQ response reads :
“ Bitcoin has lone 3 independent functions : Send, Receive, or Mine. If you want to earn matter to on your holdings, you must entrust them to a centralized third base party. These are security holes that are much hacked, destroy privacy, or introduce fees if you want to get your funds out. The parties are so crucial to users that the companies themselves have made more profit on Bitcoin than its collapse. HEX adds a stake function which pays stakers alternatively of miners. ”
In drumhead, the appeal to HEX is that it offers staking. Since HEX is an ERC-20 nominal mean for holding, it has none of the immutable, trustless, and dependable functionalities that we all adore about Bitcoin.
It is an Ethereum based token. There is in truth nothing ‘ Bitcoin ’ about HEX. future, let ’ s explore the economics behind HEX, since that is what it ’ mho all about .
HEX Economics
With HEX, the early bird gets the worm. The early claimers receive more HEX and bonuses. Richard Heart has designed this coin to have the best “ pumpamentals ” of any crypto. mean, it ’ mho designed to pump, encourages holders, and punishes people who end their stake early. The claim period for HEX lasts 50 weeks from the bright compress ’ s get down date. Every 7 days, there is a 2 % decrease in what users will receive from the total of Bitcoin they are claiming with. In other words, by workweek 49, new claimers will receive virtually zero HEX and will need to purchase BHX over-the-counter ( OTC ), or from an exchange if it is listed.
early claimers can expect to receive 10,000 HEX for 1 BTC and yes, users can have a divide of a Bitcoin. If a exploiter claims in the first week you will get a “ speed bonus ” of 20 % .
List of Hex Claim Bonuses for Launch and Stakers
| Claim Bonuses | Claim Phase (First 50 Weeks) |
|---|---|
| Referral | Earn 20% on anyone that claims using your link. |
| Speed | Earn 20% bonus if you claim first week. Every week you wait, bonus Reduces by .4% |
| SillyWhalePenalty | 1k-10k+ claims pay reduced by 50-75% (Their loss is stakers gain! Paid over 50 weeks) |
| GoxMeNot | Mt.Gox and a few other parties are not allowed to claim. |
| Staking Bonuses | First 50 Weeks. Stakers Only |
|---|---|
| We’re all Satoshi | 2% Unclaimed coins paid to stakers weekly. Claim 1st week or lose it all over 50 weeks |
| Critical mass | Increases stakers pay by % of coins that claim. If 100% then 100% bonus. |
| Virality | Increases stakers pay by % of addresses that claim. If 100% then 100% bonus. |
| Stake Bonuses | Continuous. Stakers only. |
|---|---|
| Staking | If 1% of coins stake, they make 369% interest avg. e.g. If 2% then 184.5%, 10% is 36.9% The less stakers the less the pool gets divided. More stakers, less circulating supply. |
| LoyalStaker | 1/2 Emergency End Stake penalties paid to pool. (1/2 weeks committed, minimum 12) |
| 1/2 Late End Stake penalties paid to pool. (1% of stake per week after 2 week grace) | |
| LongerPaysBetter | The longer you stake, the more you make. ~20% bonus shares every year you commit over 1 week. Works on any length over. So 5 year gets 2x shares that 1 week would. |
| Compounding | The interest pool is compounded every week, maximizing your gains. |
The fewer coins that are staked on the network, the less everyone can win. It encourages HODLing. When a stake period ends, you must formally end your stake to take your “ shares ” ( coins ). If you do not formally end the stake, and take the run out shares out of the pond, then “ after 2 weeks a 1 % per week penalty begin accruing. ” You must re-stake your coins ( shares ) to receive interest again. As mentioned, the explanations on the web site are a bite dim, but this is what can be gathered. Stake early, succeed big. Stake late, then you may angstrom well stay out of the game. Do not keep your Bitcoin on an exchange to claim Hex. You will need to claim Hex with Metamask and an ethereum wallet. As of now, all Bitcoin addresses should be eligible including those that start with 1 or 3. In other words, you have to publicly show a snapshot of your Bitcoin holdings ( UTXO ), which some opinion as a personal security threat. For non-technical folks, to claim coins you will need to use a ‘ claiming creature ’ which HEX will provide. This tool can not be downloaded and must be used on-line. They boast offering a full-bodied claim instrument which can claim from multiple addresses at once. We shall see how good it actually is .
Which Wallets Can I Use?
Claiming HEX has apparently been tested with Electrum, Coinomi, Bitcoin Core, Mycelium, Bither, Bitcoin Knots, Armory, Trezor, Ledger Nano S, KeepKey, and Trezor through Electrum ( for bc1 ). Electrum, Coinomi, Ledger, and Trezor are recommended by Richard. As of immediately, they do not have their own wallet released .
Should I Claim HEX?
If you have Bitcoin in a wallet ready to go, then yes. You have nothing to lose! But you better haste, as the longer you wait, the less HEX you will receive. The coins could become absolutely worthless, but if you already hold BTC, then you might arsenic well claim unless there is some sort of privacy refer you may have. We do not recommend selling altcoins, cutting losses, or rebalancing your portfolio in any way, unless you truly believe in Richard ’ sulfur project. Simply keep an center out for the demand date to start claim, and have fun with it. All in all, HEX is not a scam because users do not need to invest in anything and there are no promised returns. It is just an ERC-20 keepsake that allows trustless interest. As the launch of the plan comes closer we hope to see some more explanations and examples of how bonuses function, but for now, it seems like a fun project to take separate in. It ’ randomness “ free ” money, and a great opportunity to get in early without much gamble .
Will Everyone Dump Hex?
ultimately it is stranger what will happen until the currentness gains some value over time. however, this especial mint is setup specifically to reward hodlers ( holders ). In fact, because it operates like a bank candle, you will gain more if you interest your coins and do not dump. There are penalties built in for people that dump or sell before their impale period is up. Check back to this post for updates on how to claim, coin airdrop or unblock dates, and early ongoing updates. We will finally know if this is potentially a “ hexit ” scam. The best way to learn ? Take the time to watch videos like this, that go very in-depth on the game theory, engineering, and thinking behind the project. Richard Heart Fielding Questions Watch out for that “ airheaded whale ” penalty !
How to Claim Hex Tokens
- Gather up all of your Bitcoin addresses and visit the claim tool.
- The claim tool will be live on hex.com. Using Metamask, connect your Ethereum address to the tool.
- The claim tool will provide you with a sign statement request. Log into your Bitcoin wallet and paste this message into the verification area. This can be done on many hardware wallets such as Trezor, or desktop wallets such as Electrum.
- That’s it. Your Hex coins will be airdropped to your Ethereum address as an ERC-20 token.
hypertext transfer protocol : //www.youtube.com/watch ? v=FoCfwClHj5k
Is ETH Being Recycled in the HEX Adoption Amplifier?
During winter 2020, it was discovered that ETH seems to be recycled through the borrowing amplifier. Some argue that this is to keep the price firm compared to Uniswap. Uniswap allows you to swap ETH or any ERC-20 token for HEX, and it feels like this joyride was not known to Richard Heart when he created the AA lobby. Do your own inquiry, but the recycle does appear to be happening. extra read : Richard Heart Hex Coin — Launch, Airdrop, How to Claim or Buy, Scam, Snapshot, Cryptocurrency Release Date
Richard Heart Launches Hex Crypto – First Blockchain compact disk A raw rival nominal has launched that is similar to HEX, and is an ERC-20 token on Ethereum. It is called Wise Token, and you can read about it here : Wise Token Crypto Defi Staking Project Explained — ICO, Launch, Reservations, Uniswap Liquidity, Scam
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