Now I know what most of you are thinking. Another lazy fork with 0 value that will probably not even make it to an exchange.
If you caught that thought, please bear with me and let me explain why BHX has indeed great chances of becoming a great success.
What is BHX?
BitcoinHex is an ERC-20 token that can be claimed for holding Bitcoin. It has unique tokenomics to it that makes it stand out from the grey masses of existing shitcoins. The idea is simple; BHX rewards those people who give BHX value, it's holders. It's 3.69% annual inflation pool is distributed to everyone that is staking their BHX.
The longer you commit to staking, the higher your percentual gains will be.
The less people claim, the higher your share of the inflation pool will be.
It has a ton of incentives build in to lock up your coins that would fill pages explaining, but at the core hodling is highly rewarded and the only way of generating more BHX.
It's a mathematically sound system that is highly likely to make BitcoinHex increase in value a lot.
The name was chosen so that people are aware that BHX is distributed to BTC holders, it will eventually be ditched later on.
Why does it have value?
This is more of a philosophical question. Bitcoin has value and you can do very little with it. People want to know appreciating assets. If you agree that cryptocurrency has value, the same applies for BHX. People will want to have it, because if nobody is staking or using it, their gains will be multiplied. More people will rush to be the biggest gainers of BHX staking. More locked coins increase the value. When the value increases, more people will want to sell, freeing up room for new stakers to meet increased interest rates.
To visualise why BHX might be the next big thing, let's draw a comparison to Bitcoin:
One of the best aspects is that it does now allow Roger Ver's, Jihan Wu's, Craig Wright's and Mt.Gox adresses to claim, minimalizing the threat of harmful whales dumping on you, like in literally every BTC fork that ever took place.
How to claim
Roughly 5 weeks down the road, there will be a snapshot of the Bitcoin blockchain. You only need to hold BTC for that very moment. A tool for claiming BHX will be readily available once we get closer to the snapshot date.
Basically all you have to do is signing a message from your BTC adress. There is NO need to insert your private keys in Electrum and praying your adress does not get compromised. You don't have to move coins or give up sensitive information at all.
Visit our telegram group if you need help signing a message to be eligible to claim, or just ask general questions!
Telegram Channel
Noob friendly guide and BHX calculator
ClaimBitcoinHex
Official BitcoinHex Website
BitcoinHex.com