HEX stakes seem to be interesting to several investors as they claim to have an average 40% interest a year. Their chief features are the first blockchain certificate of deposit (CD), high interest, no minimum and decentralized design, there are more than 200,000 wallets on HEX so far.
CDs are known as the Certificates of Deposit or Time Deposits and they are worth Trillions of dollars. The CDs are worth more than gold, credit card companies, and cash. HEX is reportedly the first blockchain CD. It is the highest appreciating asset.
Cryptocurrencies is well known to be the highest appreciating asset class in the history of mankind. For instance, Bitcoin’s price did 2,000,000x from $0.01 to $20,000 in just 7 years.
HEX provides a clear chart of its future locked supply. It is possible to see when big stakes are set to expire in the future with further plan around them. HEX has low inflation.
Every day HEX stakers earn interest. They make additional interest when people end their stakes earlier or later than they get committed to.
The long-term goal of HEX is to replace gold as a store of value. They are also focusing to replace credit card companies and payment companies like PayPal. To replace legacy certificates for deposit and to replace middlemen with trustless interest.
Hex recently expressed, “If the cost to end a stake is too high, you might consider spending the money on buying more HEX instead of giving it to the ETH miners. Also gas is cheaper on the weekends.”
When someone asked: What about staking? Won’t it be the same when you want to stake?
Several others acknowledged, much cheaper gas, so less payment to miners. End staking is where we really get hit.
Others stated, so don’t end the stake and just leave it and then buy more HEX?
Clarifying on whether cryptocurrency investors are greater fools HEX states: “When you accept a dollar for payment, you hope that when you go to spend it, it’s accepted. It’s likely it will be. You might not understand why cryptocurrency prices go up so much year after year, it’s ok, the market doesn’t need you to understand. The market has decided crypto currencies are worth billions of dollars through years of price discovery.”
For those who ask if it is a Ponzi or pyramid scheme, they claim “In HEX you pay yourself your own rewards.”
