People often save their wealth in banks and earn interest with it. However, when inflation hovers over banks, your money might lose some value with it, too. That’s where HEX shines (type of cryptocurrency) and provides a coherent solution to investors and traders.
The HEX token holders receive a higher amount of interest and also increase their income periodically. I will discuss how HEX works, its benefits, and its tokenomics. Without further ado, let’s get started.
What is HEX and How Does it Work?
HEX adheres to PRC20 standards, which means the users have to pay a certain amount of fee to PULSECHAIN every time they transfer HEX tokens. However, there are no fees for receiving or holding HEX tokens.
It is referred to as the Certificate of Deposit on the Ethereum blockchain. The token was inaugurated in 2019 by the founder and CEO, Richard Heart. Hex is one of the blockchains that pay higher interest to the token holders and momentarily increase their wealth.
Moreover, HEX enables peer-to-peer transactions for the users without the interference of any counterparties' risk. The transactions are protected by the PULSECHAIN, which also makes HEX more secure and provides a transparent ecosystem to the users.
Furthermore, HEX employs the PULSECHAIN protocol, which makes it compatible with other exchanges and wallets.
In addition, the users who are willing to receive the interest payments must wait for a certain amount of time before un-staking their tokens and withdrawing them from the HEX smart contracts.
Highlighting HEX Key Features
Staking
HEX encourages users to lock up their tokens for a specified period, earning interest in return. The longer you lock up your HEX tokens, the higher the interest rate you can potentially earn. Moreover, HEX also provides you with “T-shares” in return for longer staking. They provide a staking period of 1 day up to 15 years.
Faster and Cheaper
HEX token is much faster and more powerful than Bitcoin. It offers enticing rewards for the users with a dominant store for the users. The platform is trustworthy, reliable, and has no hidden charges for the users.
HEX is much cheaper and affordable for users as one single HEX token is developed by hundreds of billions of units, unlike Bitcoin, which has only 21,000,000 units. The price of HEX falls between $0.01 to $10 only.
Inflation
HEX increases by 3.69% annually, which is pretty low compared to Bitcoin. This inflation helps the users who have staked their coins upon an agreement. However, you will receive penalties if you un-stake HEX tokens before the agreed-upon time.
Inflation exclusively happens when all the HEX tokens are minted, although minting only occurs when the staking period ends. Hence delaying the inflation. It helps the yield more than the inflation itself. According to them, only 10% of the tokens are staked. Thus, HEX stakes get up to 40% API.
Tokenomics of HEX(PULSECHAIN)
At the time of writing, the HEX token is currently trading at $0.00840420 with a discount of 67.83% from about 2 months. However, they are currently 50.87% higher as compared to an all-time low.
Conclusion
If you are looking for an affordable way to make money through interests and rewards, HEX is an ideal platform for you. They have a low inflation rate, user-friendly customer service, and exclusive features for the HEX stakeholders. HEX is a robust competitor of Bitcoin and a lucrative investment opportunity.
Posted using LasseCash