Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain. HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.
HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.
HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.
HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract.
At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.
* Forex Rating accepts no liability for any errors in the HEX Price or HEX Information. For the most recent information please visit the HEX official site.
| # | Cryptocurrency | 7 days | |
| 1 |  |
Bitcoin | 1.66% |
|---|---|---|---|
| 2 |  |
Ethereum | 2.91% |
| 3 |  |
Tether USDt | -0.03% |
| 4 |  |
BNB | 11.22% |
| 5 |  |
Solana | 1.89% |
| 6 |  |
USDC | 0% |
| 7 |  |
XRP | 4.63% |
| 8 |  |
Dogecoin | -0.22% |
| 9 |  |
Toncoin | -16.58% |
| 10 |  |
Cardano | 3.17% |
| 11 |  |
Shiba Inu | 13.26% |
| 12 |  |
Avalanche | 1.78% |
| 13 |  |
Lido stETH | -3.32% |
| 14 |  |
Wrapped TRON | 7.21% |
| 15 |  |
TRON | 7.2% |
| 16 |  |
Wrapped Bitcoin | 1.82% |
| 17 |  |
Polkadot | 0.87% |
| 18 |  |
Bitcoin Cash | -1.38% |
| 19 |  |
Chainlink | 5.06% |
| 20 |  |
NEAR Protocol | 23.85% |
| # | Broker | Cryptos | |
| 1 |  |
HFM | |
|---|---|---|---|
| 2 |  |
Octa | |
| 3 |  |
FXCC | |
| 4 |  |
FxPro | |
| 5 |  |
Vantage | |
| 6 |  |
MultiBank Group | |
| 7 |  |
Errante | |
| 8 |  |
Efixxen | |
| 9 |  |
Exness | |
| 10 |  |
Just2Trade | |
| 11 |  |
FXTM | |
| 12 |  |
Dukascopy | |
| 13 |  |
easyMarkets | |
| 14 |  |
eToro | |
| 15 |  |
Forex4you |
Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.
5 Feb 2024
Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.
29 Jan 2024
Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...
26 Jan 2024
The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...
25 Jan 2024
Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...
24 Jan 2024
The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...
23 Jan 2024
© 2006-2024 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
