May 27, 2022

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In Dec 2019, Richard Heart launched HEX cryptocurrency on the Ethereum network via a Bitcoin UTXO (unspent transaction output) snapshot.

Richard created HEX as the first high-interest blockchain certificate of deposit (CD) where the platform allows users to stake HEX in return for HEX interest within a range of 3.69% - 369% for almost a period of 15.2 years. The former interest can be gained if 99% of the total supply is staked, the latter if 1% of accounts are staked. Interest on these staking is offered in the form of additional HEX tokens.

The market value of HEX staking is determined based on the term of the locked-up tokens as well as the price of HEX on maturity.

HEX is designed for investors to lock-up their coins, which are then burned, creating scarcity, with the presumed goal of fueling the HEX price.

Beside 3.69% minimum interest per year, stakers are further awarded with a variety of bonuses which leads to a higher return on investment. These bonuses include BiggerPaysbetter bonus, Longerpays better bonus, and Penalty coins from early unstaking that are applied to current stakers.

Richard Heart continues to expand adoption of HEX worldwide with his marketing and influencing efforts.

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Created Date: 04-23-2021
Last Updated Date: 04-23-2021
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