About HEX
HEX was launched in 2019 and is recognized as the first official blockchain certificate of deposit (CD). HEX was created to provide its token holders with interest over time, to be accessed when individuals stake their assets within the HEX ecosystem.
HEX is an Ethereum-based cryptocurrency token and is therefore tradeable with other ERC-20 tokens directly on the blockchain network. HEX tokens can be staked for up to several years, with interest rates depending on the length of the approved locked staking periods. Live HEX price can be easily viewed on Binance.
The APY on staked HEX is set at 38%, while its annual inflation rate is published as 3.69%. This has led individuals to question HEX’s ability to pay out its promised dividends in future. There have also been allegations that HEX is part of a Ponzi scheme but these have not been substantiated as there has not been any formal investigation at the time of writing.
