HEX
HEX is the first certificate of deposit on the blockchain! HEX pays Trustless Interest with no counterparty risk. Given programmable money the first program should be interest.
Pays holders instead of miners. Staking HEX is like getting free mining hardware and electricity. Bitcoin and HEX comparison.
No Satoshi (if he doesn't claim in 50 weeks) or Mt.Gox dumping on you. No inflation bug possible like bitcoin has had. Unit bias fixed. More distributed mining ecosystem. Whale penalty which gives whales coins to stakers, etc.
Around 12 million or more of the 18 million total BTC worth of HEX claims will be given to the stakers on day 353 by shares. And! It gets multiplied by the Viral and CriticalMass adoption bonus multipliers which can increase it up to 3x. The share price only goes up.
Stakers that end stake early or late pay loyal stakers. Longer stake commit pays 20% more per year, up to 3x shares, (partial years are fine). Lower fees, lower inflation. Referral program. Founder is a marketing expert with an audience. Early adopters get paid extremely well.
20% Speed bonus falling to 0% during the fifty weeks. Unclaimed coins paid to stakers 2% per week for 50 weeks. Every week you don’t claim, someone else gets your coins. Critical mass and Virality bonuses increase payouts to stakers so they make more HEX the more people that claim, than if less people claimed, even though they get unclaimed coins on day 353. Every pumpamental to lock up supply, increase adoption and price.
Hex has a lower inflation rate than Bitcoin, even after the rate was cut in half twice in its 10 years. The inflation is also delayed, because it's only paid on ended stakes, and stakes can last 10 years. Inability to trade staked coins increases the value of unstaked coins, and chance that some will early endstake and pay penalties to loyal stakers.
Trustless Interest. Let's say you want to make more bitcoin on your bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Lots of people have lost money trying either.
Counterparty risk in Bitcoin investments. To earn interest on their Bitcoin, most users send them to a centralized third party, such as an exchange. There, coins can be borrowed to "short" the market. Sellers borrow the coins to sell, in the hopes that they can rebuy them cheaper before they have to return them, thus profiting from price decreases. These centralized parties are security holes that are often hacked, destroy privacy, or introduce fees if you want to get your funds out. Billions of dollars in coins sent to exchanges or lenders have been stolen. Not your keys, not your coins.
These centralized third parties and middlemen are so important to users seeking yield (making interest) that the companies themselves have made more profit on Bitcoin than its founder. Billions and billions of dollars of value has shifted into the pockets of middlemen. HEX fixes this.
This replaces these third parties with a trustless peer-to-peer to system. Instead of sending your HEX to an exchange so they can lend it out on your behalf to earn interest for you, you just lock it in same smart contract that minted all the HEX in the first place, and it credits you interest. If you're given programmable money, the first thing you should program is interest.
HEX pays interest to stakers instead of miners. Some users try mining to make more cryptocurrency. Instead of sending your money to a foreign mega-corp to buy mining equipment which shows up late, used, or never at all, you can skip the depreciating asset and electricity bills and just stake your coins.
HEX is the first cryptocurrency with a chart of future sellable supply (expiring stakes over time.) This secures buyers confidence in future value of their investment.
HEX has Speculative Stickiness. Normal crypto currencies have: Price, hash rate. HEX has: HEX price, Share price, Directly affects staker profit per share: % of supply staking, Average stake length, Average stake size, stake expiration chart over time, early & late end stake penalties.
