Cryptocurrency has shifted the financial landscape and irrevocably changed the way currency is viewed. Aside from adding more value to online transactions and investments, the decentralization of cryptocurrency is what gives it an upper hand over fiat currency. Hex is touted as the next step in financial evolution. It is a smart contract that acts as a fixed deposit or time deposit – the longer you stake your cryptocurrency with them, the higher your return. They are built on the fundamentals of benefiting cryptocurrency holders, and want to pay them for their assets. It creates a win-win situation for all stakers.

Cryptocurrency might be the highest appreciating asset ever to be created, but its volatility is almost as dynamic. Even Bitcoin, with its pioneering feat of shaking the world with its concept and blockchain technology, has seen its fair share of dips and lows. Hex attempts to manage this by incentivizing the market to disclose when they expect to sell. Building off on a Hex TruthEngine, holders who declare the length of their holding and fulfills their end of the deal, will receive a reward, whereas holders that sell before their term is up, will be penalized.

This is gravely different from any existing systems in place. Miners are rewarded with BTC, and devalue the currency by setting it back on the market in order to pay for the gear, electricity, and other expenses that go into actually mining the cryptocurrency. With holders, they take the coin out of the market and as such, raises its value because there are less on the market. Increasing value is what Hex is all about because in doing so, you protect the currency from deflation and against any outside influence.

The Hex token made cryptocurrency history when it shot up by 11,500% in just 129 days, which is much more than existing crypto can say. While it has been labeled as a scam when it first made its debut, much like its predecessor, it has not extinguished its success.

While Hex is also a decentralized system, beholden to none, without a central authority, the system is set up securely to protect its users and product. A rewards system is in place to hold users accountable, paired with full disclosure philosophy and strong security as well as an unmodifiable code, this puts Hex in a rather stable position. This doesn’t mean that it’s closed off to users, quite the contrary, anyone can run the Hex code and build upon it. Furthermore, since the source code cannot be changed, developers can build on it confidently, without fear that their programs will be rendered obsolete or that Hex might be taken offline.

To the layman, Hex might seem like a complex rewards system that seems too good to be true. In a society that makes us question everything, it’s understandable why your average joe is skeptical. However, for those who know the cryptocurrency game and are willing to put their money where their mouths are, they are making bank while the rest of the world looks on dubiously.