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/biz/ - Business & Finance

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18844697 No.18844697 [Reply] [Original]

don't quite understand why /biz/ can't wrap its mind around this token, because it's so fucking simple.

It's certificate of deposit and financial instrument. You can send it and receive it. Just like bitcoin, except there's an actual product: you can lock up your coins for some period of time (akin to a CD). People who don't lock their coins pay some fee in form of an inflation tax. People who lock up their coins pay less of a fee or even see a bit of an increase, depending on how long they lock up.

That's it.

How much is this worth? Simple: it could be worth as the CD market that it correlates with, and how much people use CD's.

HEX has a few thing going for it:
- The locking mechanism might help prevent panic dumping
- It's in the Ethereum ecosystem so it can automatically be used in all protocols that support ERC20
- It's grabs people's attention, if only because of its extravagant creator ("there is no such thing as bad publicity")
- Asia is still sleeping on it. Imagine if they ever FOMO on

>> No.18845029

>>18844697
When people realize that they're in crypto for the gains and not for "muh partnerships" "muh roadmaps" "muh esoteric usecases that can be achieved without blockchain" etc then they will get Hex

>> No.18845074

>>18844697
No spam please.

>> No.18845128
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18845128

>>18845074
First you have to understand, it does nothing. Its not a CD in the normal way. You dont have to stake or can end your stake early with a penalty, which doesnt actually matter if you are ahead in gains. Only 25% are locked, so people just wait on the sidelines to dump at their will. For a CD to be successful, the "end stake early" shouldnt be there. It lives and dies of people fomoing in. Its a ponzi, without the "running out of money" part. Uniswap helps a lot as liquidity pools never dry up, as richard funnels the eth from AA back into the liquidity pool. by the time the AA runs out, the network effect should be huge enough to sustain future gains. if not, it will collapse at least on the big pay day as everyone and their mum will cash out their 100x , so you better sell it before then.

>> No.18845580

https://www.youtube.com/watch?v=JELDwO2VbjA Video on how to get hex and the 10% bonus.
Also dont forget to go to getyourhex.win first to get the 10% bonus! This project has me thinking im actually gonna make it

>> No.18845610

>>18844697
jesus christ stop spamming this fucking shady ponzi scheme that's not listed on any exchanges except uniswap but somehow keeps pumping while richard controls 50% of the HEX. you're just making that faggot rich and he's going to dump on you all.

>> No.18845641
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18845641

>>18845610
How does Richard or HEX has anything to do with exchanges, who are a 3rd party? What's wrong with uniswap?