HEX token is
HEX is the staking token of the HEX.com protocol.
HEX token is used for
- Staking to earn interest
How could value accrue to the HEX token?
- Stakes are locked for up to 1 day – 5555 days.
What is HEX.com?
The first cryptocurrency time deposit. Tokenholders can lock their tokens to earn interest.
How HEX.com works
Holders can stake their tokens to earn interest. The tokens are locked in a smart contract.
- 1 – 5555 days
- 3.69% interest to stakers in the pool
3.69 % of the total supply is awarded to the staking pool annually. So if less than 100% of tokens are locked, stakers will have a higher APY.
When the staking period is finished a holder has to manually unstake or they will be charged with a penalty. Or anyone can pay the gas fee and run a function to unstake for them.
To unstake early the users is charged a penalty fee – depending on how close to the chosen date they unstake.
- End stake – 50% of days committed to.
- Late end stake- Half of 1% of stake
There are no admin keys and HEX is a finished protocol that sits on Ethereum. Currently working on launching a separate blockchain called PulseChain.
Current supply: 571,729,801,587
- Tokens were claimable by Bitcoin holders for 1 year post launch.