Altcoins News
By James Thorp
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HEX stakes seem to be interesting to several investors as they claim to have an average 40% interest a year.
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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.
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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.
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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.
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Every day HEX stakers earn interest. They make additional interest when people end their stakes earlier or later than they get committed to.
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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.
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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.
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When someone asked: What about staking? Won't it be the same when you want to stake?
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Several others acknowledged, much cheaper gas, so less payment to miners. End staking is where we really get hit.
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Others stated, so don’t end the stake and just leave it and then buy more HEX?
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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.
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For those who ask if it is a Ponzi or pyramid scheme, they claim “In HEX you pay yourself your own rewards.”
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