What is HEX Token (HEX)? | HEX Crypto Explained in Under 60 Seconds

What is HEX Coin (HEX)?

HEX Crypto is the first high interest Certificate of Deposit on the blockchain that can replace traditional financial instruments.

The ERC20 HEX coin (HEX) functions as a store of value that replaces the role of interest earning Certificate of Deposits in financial markets.

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HEX aims to become a store of value to replace gold, a payment network to replace credit card companies, and replace legacy certificates for deposits.

HEX crypto can be staked for a share of new HEX coin issuance. Stakers are paid instead of miners. Interest is earned daily and paid when staking is ended.

The HEX smart contract contains the consensus code & staking mechanism. Users that stake longer are rewarded, and penalizes users for ending stakes early.

Middlemen are replaced with a trustless peer-to-peer to system. Interest is credited to you by the Smart Contract instead of an exchange that lends to earn interest.

A chart of HEX’s future locked supply is available, so anyone can see when stakes expire and plan accordingly.

WEBSITE: https://hex.com/