HEX

HEX is a project to re-create general banking products called "time deposits". HEX is an ERC-20 token and is fully automated in the form of smart contracts on the Ethereum blockchain. You only need to use the Metamask extension to participate.

The HEX project aims to create interest-bearing savings accounts in the cryptocurrency space while eliminating the need for trusted third parties. The basic features of the project are greatly influenced by traditional Deposit Certificate accounts. Once launched, all project functionality will be handled by smart contracts instead of companies / organizations. The base interest rate offered by HEX is 3.69% per year, with the possibility of bonus interest for a longer locking period.

Why does this project exist?

This project aims to create a credible interest-free savings account for cryptocurrency accounts, mirroring a Certificate of Deposit (sometimes called Time Deposit). It exists because savings accounts are very valuable, and currently there are no cryptocurrency projects that offer this feature.

Legacy Certificate of Deposit (CD) accounts are very popular "risk-free" investment products offered by every major bank in the world. The concept is very simple: you deposit some money into your account and agree not to withdraw it for a certain period of time (1 year, 5 years, 10 years, etc ...). The bank pays interest on your deposit based on the length of your locking period. If you lock longer, you get a better interest rate. If you break the agreement and withdraw early, you pay a fine to the bank. This allows individuals to grow their personal wealth without exposing their main investment to market fluctuations. If you buy stocks, mutual funds, or ETFs, the market can collapse and you can lose investment. CD "guarantees" immunity from this risk. Total CDs under $ 100,

What's wrong with an old CD?

All issues related to legacy banking apply to traditional Deposit Certificate / Deposit accounts. Banks are subject to heavy government regulations, lobbying (successful lobbying is the reason why student debt does not disappear after personal bankruptcy), and institutional influence. Banks are also run by humans who can sometimes be greedy, petty, and incompetent. Several leading banks have gone bankrupt in the past and refuse to respect their obligations to investors. "Risk free" and "guarantee" are quoted above for this reason. Here's the reality: your bank can freeze your assets at any time for any reason; Your government can confiscate your assets at any time for any reason. If money stops leaving the ATM for 'A' to 'Z' reasons, what path do you have as an individual? If your government passes laws that limit your financial rights and freedoms (as every government on the planet does), how much can you say in the process? All governments are stable until they are unstable; all banks are solvents until they are not; all institutions can be trusted until they are not. If you want to have real control over your personal wealth, you must lose trust in third parties and become your own bank.

Banks now do more than facilitate money transfers. In order for the cryptocurrency space to get mass adoption, most (or all) of the products currently offered by the old financial system must be implemented on the blockchain. The savings will eventually be in the blockchain space, and HEX could be the first project to achieve this.

Does HEX really need a blockchain? TLDR: Yes

This question is not asked often enough when evaluating cryptocurrency projects, which is how we end up with bullshit like CryptoKitties. Blockchain technology is not a magic bullet solution. Blockchain is a very slow, inefficient and expensive way to store information. Traditional databases are far superior to blockchains in most applications. Federation can be reached within a traditional database framework by asking users / administrators to approve writing requests. Therefore, every project that is founded on a delegated consensus algorithm, such as DPoS, actually does not require a blockchain. Blockchain is also unable to interact with the physical world, and must operate in a pure digital environment. Projects that track real world assets (such as land registration) negate all the benefits of the blockchain by requiring a trusted oracle to update the status of a digital system to reflect physical changes. If the stored digital information does not require permanent records and cannot be changed (eg social media posts), the blockchain is also unnecessary. If the information stored is not possible to be censored by anyone for any reason (eg supply chain records), you also don't need a blockchain. Blockchains only offer two distinct advantages: immutability and sensor-resistance.

Does HEX need eternity?

Yes, because money is involved. You don't want the contract terms that give you interest to change arbitrarily in the future. You also don't want the database to lose your deposit record, whatever its age. You also don't want conflicting notes from your deposit in the system. You especially don't want malicious third parties to rewrite your balance. Eternity is very important. You must always be able to access the amount of money you have deposited, plus the interest earned.

Does HEX need sensor resistance?

Yes, because once again, money is involved. Financial transactions are monitored, regulated and often censored. A centralized system that seeks to break government monopolies over the money supply has been censored and closed in the past (see E-gold and the US Patriot Act) ). All technologies that interfere with facing oppression and censorship during initial implementation. UBER is currently illegal in London, the Northern Territory of Australia, Denmark, Hungary, Bulgaria, and several cities in the United States and Canada, for no reason other than its business model that interferes with traditional taxi companies, which local governments have an interest in. Any disruptive project that operates in the financial sector will face heavy regulation and censorship. Having sensor resistance is very important for long-term security and project success. There is no entity that has the power to deny you access to your wealth. Blockchain is currently the best way to ensure this. If there is a better solution, I would love to hear it.

Does HEX touch the real world in any way?

No, all aspects of the HEX project are 100% digital, which makes it a suitable candidate for blockchain implementation.

Does HEX operate on a delegated consensus algorithm?

No, this project is an ERC-20 token, which runs on the Ethereum network, which reaches consensus through Proof of Work. There is no delegation in the Ethereum ecosystem. Ethereum can turn to Stake Evidence in the future, without plans to introduce delegations of any kind.

Are there other benefits for HEX that exist today?

Yes, after smart contracts are used on the Ethereum blockchain, the programmed logic cannot be changed. This makes the project immune from internal forging and manipulation. The contract also cannot go bankrupt and refuse to pay you. HEX will operate in a completely untrustworthy environment, which is ideal for maximum financial security and freedom. This is a unique and legitimate advantage offered by blockchain architecture.

With the basics covered, let's ask a few general questions (like why a project originally called BitcoinHEX decided to launch on Ethereum). Part 2 of this review will discuss fundamental design decisions, the relationship of HEX with Bitcoin, further applications and current alternatives. As mentioned, blockchain is not perfect, and there are alternative ways to get interest in your crypto. Keep reading to find out how.

HEX Sales Token:

Acceptable currencies: ETH, ATX

Harga Token: 1 ETH = 60.000 HEX / 1 ATX = 12 HEX

Total number of tokens generated: 14,000,000,000 HEX

Hard Cap: 100.000 ETH

Soft Cap: 20,000 ETH

Presales: 1 Sep 2018 ~ 14 Sep 2018 (total of 14 days)

Minimum amount: 50ETH / 250,000ATX

Discount rate: 30%

You can participate in the sale of HEX tokens with Ethereum (ETH) or ASTON (ATX); 1 ETH is equal to 60,000 HEX and 1 ATX is equal to 12 HEX. The total number of tokens generated is 14,000,000,000 HEX and 60% of the total supply will be distributed during token sales. Hard Cap is 100,000 ETH and soft cap is 20,000 ETH.

Presales with a 30% bonus rate will be held from September 1 to September 14. The minimum amount for presale is 50 ETH or 250,000 ATX.

How to answer in presale:

Step1: Create an account on the HEX website and sign in

Step2: Click the 'Participate' Button on the official website

Step 3: KYC Registration

Step4: Fill in your personal wallet address (ETH or ATX wallet)

Step 5: Check your address or information

Step6: Send ETH or ATX

Step 7: Successfully complete pre-sales participation!

Conclusion:

Hex Airdrop is free, so doesn't it need to be allocated? Yes, if it burns, you might have lost some of your time, but on the other hand, there are many things that can be learned from this process.

For more information, please visit the link below:

WEBSITE: https://hex.win

Cabang MTB: https://bitcointalk.org/index.php?topic=5212901.0

TWITTER: https://twitter.com/HEXCrypto

FACEBOOK: https://www.facebook.com/HEXcrypto

REDDIT: https://www.reddit.com/r/hexcrypto

MEDIUM: https://medium.com/hex-crypto

TELEGRAM: https://t.me/HEXcrypto

https://t.me/HEXnews

INSTAGRAM: https://www.instagram.com/HEXcrypto

GITHUB: https://github.com/bitcoinHEX

YOUTUBE: https://www.youtube.com/HexCrypto?sub_confirmation=1