Frequently Asked Questions

HEX is a finished financial product that mirrors one of the most successful products of the banking industry the certificate of deposit. 

A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the  bank pays interest. When you redeem your CD, you receive the money you originally invested plus interest.

YES. HEX is more secure than Bitcoin or Ethereum because it is finished immutable code that doesn't touch the consensus network. This means HEX is like a safe within a safe. 

Hex is three times audited. One economic audit and two technical audis. These secure the mathematics and the code are flawless.

While other yield paying projects keep failing HEX has 100% uptime. 

The code is public on etherscan.io.

The easy answer is inflation.

Just like the Dollar HEX is also inflating. The difference is the dollar inflates by whatever rate politics wants, while in HEX the inflation is capped at 3.69% and is paid out to the Staker Class. 

Staking means locking up HEX for a certain period of time. You can choose a stake length between 1 & 5555 days. Many Hexicans create multiple stakes to generate passive income over time. I have HEX stakes ending every birthday for the next 15.2 years.

When you stake HEX these HEX get burned which reduces the supply. In return you receive T-shares.

This is my favourite feature in HEX.

The amount of daily inflation you receive depends on how many T-shares you have.

Stakers receive T-shares accordingly to how long they stake.

For every additional year you get 20% more T-shares. This bonus is capped at 10 years.

As of right now 1 T-share earns 6 HEX per day and is likely to increase in the future.

HEX went up 10000x in price appreciation. On January 5th 2020 the price was $0.00005 and the all time high a couple month later $0.55. This kind of price appreciation obviously outperforms the yield bearing expect of HEX.

But keep in mind, if you are staking HEX and earn % APY on top of the price appreciation you truly experience exponential growth. 

HEX is a dynamic yield paying system.

Everyday the payout is calculated depending on how many people staked HEX.

Rule of thumb is:

10% APY for staking one year

38% APY for staking 6.5 years

62% APY for staking 10 years or longer

Yes you can. But the Emergency Endstake Function is an advanced function that should only be used when you have checked the emergency end stake fee.

This is one of the great innovations in HEX. The Truth Engine will penalize you if you are untruthful and end a stake early. 

The fee for ending a stake early is calculated on how many days you have served and how many days until the stake is due. 

Once you have served 50% of the time you will always be able to get back your principal plus interest that has accumulated so far. 

This makes everybody in the HEX ecosystem behave in a similar way. Stakes are spread out over time and not ended. 100k stakers have staked for an average stake length of 6.5 years.

This is how HEX is able to reduce sellpresure while incentivising people to hold and not sell their asset. 

In comparison to Bitcoin where the inflation goes to miners that not only pollute the environment but also have to sell Bitcoin to cover external costs for running the equipment. The inflation in HEX goes to stakers that will most likely not sell due to the Truth Engine.