HEX: Defying Limits, Unleashing Potential - A 10,000X DeFi Powerhouse in Just Two Years

HEX, an ERC20 token, was created by Richard Heart and introduced on the Ethereum network on December 2, 2019. As a blockchain-based alternative to traditional Certificates of Deposit, HEX aims to function as a store of value within the growing Decentralized Finance (DeFi) ecosystem on Ethereum. The Ethereum network facilitates HEX transactions and interactions with the HEX smart contract, which also contains the consensus code and staking mechanism. Gas fees (cost of doing business) on the Ethereum network is not correlated to HEX in anyway. 

Users can Mine (stake) their HEX tokens to receive a portion of the newly issued coins, or inflation. The HEX smart contract is designed to promote actions that boost price appreciation while discouraging actions that negatively impact the price. Miners (Stakers) benefit from committing larger amounts of HEX for more extended periods, while early unstaking incurs penalties. Penalties are part of the smart contract, penalties collected from Emergency End Stake function are paid out to those continuing to mine (stake) HEX and also collected by the Originating Address.

The distribution of HEX to Bitcoin holders took place through a snapshot of the Bitcoin UTXO set on December 2, 2019, at block height 606227. Eligible Bitcoin holders could claim 10,000 HEX per 1 BTC during the first year following the launch. During this time, users could also acquire HEX in exchange for ETH by interacting with the HEX smart contract. After the first year, any unclaimed HEX tokens were distributed among active HEX miners (stakers).

For more details about HEX, visit hex.win.