HEX is amazing
HEX is totally complete and immutable code.
Cryptocurrency was invented to remove middlemen and the need to trust other people with your money. Math is more trustworthy than man.
HEX fulfils this ideal.
HEX does its magic with no management, no promises, and no expectations of work from others. Each user mints his own coins, like Bitcoin.
HEX performs well solely due to its design.
HEX puts you in charge. No more middlemen.
Honest people have lost Billions to scams, thefts and hacks because they gave up control of their money. If you want to earn interest on your Bitcoin, you have to lend it out and hope you ever see it back again. Tragically, after 10 years, 42% of all Bitcoin now sits in only 2000 wallets. The people were given control, only to give it away again. In HEX you mint your own interest while in complete control.
HEX has the most transparent and secure trading in all of cryptocurrency.
HEX users value their independence and security. Which may be why, at writing, HEX is the 2nd most traded coin in decentralized exchanges, where there is no signup, and no counterparty risk. Because it's on-chain, you can inspect every address, seeing when it bought or sold, whether it has HEX stakes open, when those stakes expire, what other coins they hold, everything!
HEX incentivizes disclosure and honesty.
In the stock market, laws require insiders to warn the public before they might sell shares. People care about when and how much supply of something they own might hit the market. The HEX TruthEngine improves on this, gathering more information from the market about its future behavior. The HEX TruthEngine rewards users for declaring how long they'll hold and when they might sell. Users that break their word have penalties which pay the users that kept their word.
HEX is the first cryptocurrency in the world with a chart of its future locked supply.
You can see when big stakes are set to expire in the future and plan around them. HEX improves price discovery and may reduce volatility by incentivizing the market to disclose better data about the future.
HEX has no off switch.
HEX is censorship resistant, and robust by being truly decentralized on the blockchain. Anyone can run the HEX code, and the HEX community has released numerous open source tools which make it even easier. If HEX.COM were to go offline, and Richard Heart were to die, HEX keeps working. Many projects claim to be decentralized, but actually rely on administrators to not change the code. The HEX code cannot be changed. This is why many developers are so comfortable building on top of HEX.
HEX is not an MLM or pyramid. The HEX referral program has only a single tier, like Amazon's, and ends in November. HEX starves scams of money because its design has attracted successful promotors away from scams. The more mindshare honest projects get, the less mindshare is left for the scams. Millions of victims bought fake cryptocurrencies instead of real ones, because the real ones didn't have flashy marketing. HEX is sexy!
HEX is not a Ponzi. In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network. There are no middlemen or managers in HEX. HEX rewards are dynamic like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become. HEX puts you in charge!
Cryptocurrencies are the highest appreciating asset class in the history of mankind. That life changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 2,000,000x returns in 7 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flash crashed as close to $0 as possible. Amazon dropped 95% once too. Now it's 50% of all Internet sales in the USA. HEX is about realistic expectations.
HEX rewards responsibility.
You are solely responsible for your decisions. Don't consider things as financial advice unless they're labeled as such. Be responsible, take only reasonable risks, always read the disclaimers and do your own research. Just because Bitcoin behaved some way, it doesn't mean anything else will. Keep in mind that past performance is no guarantee of future results when you consider HEX's price went up 92x vs Bitcoin in 129 days.
HEX is more secure
HEX has had 2 independent security reviews and 1 economics review. Bitcoin for instance has none. HEX is resistant to the most dangerous bugs Bitcoin and other cryptocurrencies have had because HEX's consensus code can't be edited. Bitcoin has had 2 bugs where someone could mint as many free Bitcoin as they wanted. One bug was exploited and the other was caught in time.
HEX is better for the environment HEX adds value to the 2nd highest hash rate blockchain, instead of starting a new one, packing more value. This also enhances security and interoperability.
HEX rewards those who see potential others can't.
There are thousands of experts out there who convinced people that Bitcoin was a scam when it was $1. It went to $20,000. You could say they scammed everyone that listened to them. You would think that 2,000,000x returns would quiet the naysayers. It hasn't. Those that could see the opportunity in spite of everyone calling Bitcoin a scam, had a chance at life changing wealth. The same mean things people said about Bitcoin and other coins that went from nothing to Billions, they're saying now about HEX.
HEX is an amazing innovation, solving real problems, wrapped in sexy game theory.
Don't let others inability to understand something harm you. Do your own research! That wrapping, triggers some people's scam detectors and they stop learning and start yelling scam! Which is ironic, because HEX combats scams!
HEX solves problems
HEX aligns incentives, so the more people that participate, the better everyone does! HEX eliminates middlemen. Users can transform Ethereum directly into HEX. HEX helps the small guys by penalizing Bitcoin whales. HEX gives early claimers get bonuses and late claimers penalties. HEX Pays bonuses to referrers and those referred. HEX pays the unclaimed coins, late claim penalties and interest to those who stake their HEX. Longer and larger stakes get more shares and the price per share only increases.
You don't need to understand most of the things on this page. If you love details and understanding things very deeply, this is the place for you.
- HEX is a hybrid proof of work(POW) and proof of stake(POS) system. Stakers are paid handsomely in HEX while miners can be paid just pennies in ETH to perform your HEX transaction.
- HEX conforms to the ERC20 standard to maximize interoperability and security. Every HEX consists of 100,000,000 Hearts (1 with 8 zeroes or 100 Million.) Which is funny because when you stake, you have "staked Hearts."
- Hardware wallet support: Trezor and Ledger are integrated with both MetaMask (for HEX and ETH) and Electrum (for Bitcoin.)
- FreeClaiming is totally secure. Generating signatures is a standard feature in Bitcoin and can be done totally offline. Electrum is a great Bitcoin wallet. If you use a trezor or ledger hardware wallet, you use it through Electrum which is a handy way to generate your BTC FreeClaim signature if the software you're using doesn't have the feature. Your private keys stay safe inside your hardware device this way.
- If you really love anonymity you can claim each BTC address to a new ETH address over TOR or other proxy.
- HEX is easily extensible because smart contracts can built on top of it or reference it.
- HEX works with distributed exchanges and atomic swaps easily.
Kyle Bahr wrote an Advanced analysis of how HEX works.
HEX might be the first coin to ever have two independent security audits. HEX even has a third audit by a mathematician on HEX's economics. Chainsecurity.com and CoinFabrik.com are among the top contract auditors in the world. They need their language simplified for public consumption and some other small things. ChainSecurity's will be released later as it's more complex. Take a look: HEX security audit by CoinFabrik.com | HEX Economics Audit by CoinFabrik.com
Stakers get rich on day 353
Around 12 million or more of the 18 million total BTC worth of HEX claims will be given to the stakers on day 353! And! It gets multiplied by the Viral and CriticalMass adoption bonus multipliers which can increase it up to 3x! Stakers get paid by shares, and the share price only goes up, so staking earlier, longer and larger is better. As of 9/29/2019:
- Only about 12.6M BTC of the 18M total bitcoin could claim because MultiSig can't claim (most exchanges), and GoxMeNot, etc.
- What's left gets hammered with SillyWhalePenalties since 42% of Bitcoin is held in addresses of over 1,000BTC. See Bitcoin Rich List.
- 2.7M BTC in addresses over 10,000BTC pay their 75% penalty to stakers. That's 2M BTC worth.
- Roughly 4.8M BTC is in the range of 1k-10k BTC addresses, and gets hit with 50%-75% penalties they pay to stakers, let's estimate it at 62.5%, so 3M BTC worth.
So we're already down to 7.6M BTC of claims effectively. But wait, there's more.
- 4M BTC is thought to be lost, 1M BTC is thought to be Satoshi's (likely deceased.)
- LateClaims hits for 2% of their possible claim every week they don’t claim.
The moral of the story is that Stakers will multiply their HEX stacks on day 353 when all these bonuses get paid to them. About 2/3 the Bitcoin supply worth of claims or more.
Bitcoin has several different address types. The majority of bitcoin is held in addresses that can be used to FreeClaim HEX. Some Bitcoin address types cannot FreeClaim HEX. 66.3% of BTC is in addresses starting with 1. 8.69% are in addresses starting with 3 or BC1 of type: P2SH or BC1 wrapped P2WPKH. Most exchanges and whales/institutions use multisig, which is not supported. HEX gives the common man a chance and pays the Stakers all the coins that can't or don't claim!
HEX Launch Phase Timing
|Addresses starting with 1: P2PKH. Holds 10 Million BTC (56.5%)||P2PKH chart|
|Addresses starting with 1: P2PK. Holds 1.76 Million BTC (9.8%)||P2PK chart|
|Segwit: Addresses starting with BC1: P2WPKH. Holds 333k BTC (1.8%)||P2WPKH stats|
|Segwit: Addresses starting with 3: P2SH-wrapped P2WPKH. If you click the link to the right, this is teal on the chart, and some portion of the green (unspent.) You can't know what the script is until it's spent from. Which would, on this chart, turn some of that green into other colors of known types. 3.6M BTC (20%) is of unspent / unknown P2SH type. You would have to guess how much of that turns out to be the P2WPKH type of P2SH which HEX supports. 872k BTC (5%) is known supported P2WPKH P2SH type.||P2SH stats|
Nothing else is supported. For instance, multisig is not supported. If you want to research Bitcoin's very complicated address system: Bitcoin address guide