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.
FAQs
HEX's price today is US$0.001464, with a 24-hour trading volume of $127,107. HEX is +0.24% in the last 24 hours. It is currently -9.98% from its 7-day all-time high of $0.001626, and 27.41% from its 7-day all-time low of $0.001149. HEX has a circulating supply of 173.41 B HEX.
What is the realistic price prediction for HEX? ›
By 2030, HEX is predicted to reach a maximum price of $1.34, a minimum price of $1.10, and an average price of $1.14.
Will HEX reach $1? ›
Will HEX reach $1? HEX would need to gain 77,322.14% to reach $1. According to our HEX prediction algorithm, the price of HEX will not reach $1. The highest expected price our algorithm estimates is $ 0.011035 by Jan 1, 2029.
How much is HEX worth at this minute? ›
The price of HEX (HEX) is $0.001271 today with a 24-hour trading volume of $121,701.91.
What is the best exchange to buy HEX? ›
You can buy HEX on cryptocurrency exchanges like Bibox, Bilaxy, Bitrue, MEXC and Poloniex. HEX is traded on 10 exchanges. Currently, the most popular exchange for HEX is Bibox.
How high can HEX coin go? ›
Based on the HEX price forecast, HEX Coin is projected to reach a maximum price of $0.342, and an average trading price of approximately $0.328 by the end of 2026. In the bearish rally, the minimum price value of HEX Coin is estimated to be around $0.308 in 2026.
Will HEX ever recover? ›
HEX price predictions
Long-term crypto price predictions are often made using an algorithm, which means they can change at any time. The HEX crypto price prediction from CaptainAltCoin suggested the token could be worth $0.0267 in December 2022, before recovering somewhat to $0.0406 in November 2023.
Is HEX a good long term investment? ›
Thus, HEX could become a much more attractive option for those looking to invest in cryptocurrency. Our real-time HEX to USD price update shows the current Hex price as $0.001344 USD. According to our Hex price prediction, HEX price is expected to have a -1.12% decrease and drop as low as by June 22, 2024.
Will HEX coin bounce back? ›
HEX Crypto Price Prediction 2025 – 2030
Because of the coin's ability to resist massive fluctuation, many investors will realize that it is a worthwhile investment, leading to a surge in the coin's price. By December 2026, HEX's value will be at a high of $1.090 or a low of $0.660.
Can I make money with HEX? ›
Hex staking is a process within the Hex cryptocurrency ecosystem where investors can lock up their HEX tokens to earn interest over time. This is analogous to a certificate of deposit in traditional banking, but it operates entirely on blockchain technology.
HEX can be custodied on Coinbase Wallet.
What was HEX lowest price? ›
What is HEX lowest price ever? HEX (HEX) reached the lowest price of 0.000015 USD on Dec 21, 2019.
Where is the cheapest place to buy hex crypto? ›
Paying with a card or bank account transfer may be subject to processing fees. But there is no doubt that the cheapest way for hex coin is Changelly.
What is HEX selling for today? ›
Price of HEX today
The live price of HEX is $ 0.001275 per (HEX / USD) with a current market cap of $ 221.09M USD. 24-hour trading volume is $ 113,303.08 USD. HEX to USD price is updated in real-time.
What rank is HEX in the coin market? ›
Live HEX Price Analysis
Currently, HEX rank on the market is #7535.
What is the price prediction for HEXO stock in 2025? ›
According to our HEXO stock prediction for 2025, HEXO stock will be priced at $ 0.850265 in 2025.
What is the price of HEX in 2030? ›
HEX Crypto Price Prediction 2025 – 2030
In 2027, 2028, and 2029, the coin's highest estimated value will be $1.110, $1.625, and $2.325, while its lowest will hit $0.880, $1.060, and $1.975, respectively. 2030 will see HEX at a maximum value of $3.415 or a minimum of $2.620.
