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- The cryptocurrency Hex, whose founder is Richard Heart, was launched last year on the Ethereum network.
- The token since its launch became a victim to claims and critics by the community and few analysts. Recently, concerns arose about the token hitting a market cap figure to $1 billion.
- In an exclusive interview lately, with Richard Heart, Hex founder answers the prevailing questions of the Community.
The cryptocurrency Hex, whose founder is Richard Heart, was launched last year on the Ethereum network. A core design intention of the currency was to beat the 10,000x in 2.5 years appreciation that Ethereum did. However, the token since its launch became a victim to claims and critics by the community and few analysts. The community has raised concerns over its design and ownership. Recently, concerns arose about the token hitting a market cap figure to $1 billion. At the start of this month, Hex observed a rise in its price by tenfold over 14 days. Although varying perspectives are sure to prevail for any crypto, we need to take a glance at the other side of the story too.
In an exclusive interview lately, with Richard Heart, Hex founder answers the prevailing questions of the Community. As mentioned, this is so people can get insight into all sides of the story. Thereby, in the interview, Hex Founder notably answers questions about Hex, about the raising concerns over the token, besides further outlining its design. Alongside he also stated his views about people being concerned about Hex nearing $1 billion market cap. He also made a note to reveal the token’s core team.
TheCoinRepublic’s Exclusive Interview with Hex Founder Richard Heart
The Coin Republic: Why did HEX choose Ethereum’s blockchain after being a constant critic of Ethereum?
Richard: Five coins of $1 Billion market cap coins launched on or primarily use Ethereum. USDT, BNB, EOS, TRX, ETH. You can see other advantages here: https://hex.win/bitcoin-and-hex.html.
The Coin Republic: HEX’s price fluctuations leading Redditors to suspect it as PUMP and DUMP token, here is a Reddit post where a user raises concerns.
Hex +67% in 7 days, crypto about -30% in the same period
byu/MindFleet inCryptoCurrency
Richard: HEX users value their independence and security. This may be why HEX is the 2nd most traded coin in decentralized exchanges, such as HEXdex.win, where there is no signup, and no counterparty risk. Because it’s on-chain, you can inspect every address, seeing when bought or sold, whether it has HEX stakes open, when those stakes expire, what other coins they hold, everything! HEX has the most transparent and secure trading in all of cryptocurrency.
The Coin Republic: Why do people repeatedly use the word “worthless” for Hex, what is the real use case of HEX?
Richard: HEX is faster, cheaper, safer, better for the environment, and more censorship resistant than Bitcoin. https://hex.win/bitcoin-and-hex.html
HEX COMBATS SCAMS (This is important, new and near the very top of HEX.win.)
They invented the cryptocurrency to remove middlemen and the need to trust other people with your money. Math is more trustworthy than man. HEX fulfills this ideal. HEX is a totally complete and immutable code. HEX does its magic with no management, no promises, and no expectations of work from others. Each user mints his own coins, like Bitcoin. HEX performs well solely for its design. you can read about Hex here: http://hex.win
Honest people have lost billions to scams, thefts, and hacks because they gave up control of their money. If you want to earn interest on your Bitcoin, lend it out and hope you ever see it back again. Tragically, after ten years, 42% of all Bitcoin now sits in only 2000 wallets. They gave the people control, only to give it away again. In HEX, you mint your own interest while in complete control. HEX removes middlemen and puts you in charge!
In the stock market, laws require insiders to warn the public before they might sell shares. People care about when and how much supply of something they own might hit the market. The HEX TruthEngine improves on this, gathering more information from the market about its future behavior. The HEX TruthEngine rewards users for declaring how long they’ll hold and when they might sell. Users that break their word have penalties that pay the users that kept their word. HEX incentivizes disclosure and honesty.
HEX is the first cryptocurrency in the world with a chart of its future locked supply. You can see when big stakes will expire and plan around them. HEX improves price discovery and may reduce volatility by incentivizing the market to disclose better data about the future.
HEX is censorship-resistant, and robust by being truly decentralized on the blockchain. Anyone can run the HEX code, and the HEX community has released numerous open-source tools that make it even easier. If hex.win were to go offline, and Richard Heart was to die, HEX keeps working. Many projects claim to be decentralized but rely on administrators to not change the code. We cannot change the HEX code, and many developers are so comfortable building on top of HEX. HEX has no off switch.
Hex Referral Program
HEX is not an MLM or pyramid. The HEX referral program has only a single tier, like Amazon’s, and ends in November. HEX starves scams of money because its design has attracted successful promoters away from scams. The more mindshare honest projects get, the less mindshare is left for the scams. Millions of victims bought fake cryptocurrencies instead of genuine ones because the genuine ones didn’t have flashy marketing. HEX is sexy!
HEX is not a Ponzi. In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network, and there are no middlemen or managers in HEX. HEX rewards are dynamic, like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become. HEX puts you in charge!
HEX is about realistic expectations. Cryptocurrencies are the highest appreciating asset class in the history of mankind. That life-changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 2,000,000x returns in 7 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flashes crashed as close to $0 as possible. Amazon dropped 95% once too. Now it’s 50% of all Internet sales in the USA.
You are solely responsible for your decisions. Don’t consider things as financial advice unless they’re labeled as such. Be responsible, take only reasonable risks, always read the disclaimers, and do your own research. Just because Bitcoin behaved some way, it doesn’t mean anything else will. Keep in mind that past performance is no guarantee of future results when you consider the HEX price went up 92x vs Bitcoin in 129 days.
Security Prospects Of Token
HEX takes security more seriously than nearly all other cryptocurrencies. It has had two independent security reviews and 1 economics review. Bitcoin for instance has none. HEX is resistant to the most dangerous bugs of Bitcoin and those that other cryptocurrencies have had because HEX’s consensus code can’t be edited. There have been 2 bugs in Bitcoin, where someone could mint as many free Bitcoin as they wanted. One bug exploited and they caught the other in time.
HEX is better for the environment than most other cryptocurrencies because it adds value to the 2nd highest hash rate blockchain, instead of starting a fresh one. This also enhances security and interoperability.
There are thousands of experts out there who convinced people that Bitcoin was a scam when it was $1. It went to $20,000. You could say they scammed everyone who listened to them. You would think that 2,000,000x returns would quiet the naysayers. It hasn’t. Those that could see the opportunity despite everyone calling Bitcoin a scam, had a chance at life-changing wealth. The same mean things people said about Bitcoin and other coins that went from nothing to billions, they’re saying now about HEX.
Don’t let others’ inability to understand something harm you. Do your own research! HEX is an amazing innovation, solving actual problems, wrapped in sexy game theory. That wrapping, triggers some people’s scam detectors and they stop learning and start yelling scam! Which is ironic, because HEX combats scams!
The Coin Republic: The ever-increasing market cap of HEX raises concerns as it nears the 1 Billion mark, people seem to ask why do a large market cap, and real projects with fair distribution have only $1m in market cap?
Richard: Few people understand what market cap means. For example, if you make a new token with 1 Billion units, and sell 1 unit to a friend for $1, congrats, you have a $1 Billion dollar market cap. Also, if the market cap of a coin goes up, but the price doesn’t, how do the holders benefit? Or, if a coin has a high market cap but no bid support, is the market cap real? Market Cap and volume are things people look at all the time, which is funny because neither of them will fill your sell order. Visit coinpaprika.com and look at the liquidity column. This is the amount of USD you would need to move the price 10% either direction. You will see HEX is #70 liquidity. Further, Because most HEX trading is on-chain, it’s REAL. Most coins on centralized exchanges have mostly fake volume.
XLM went top 10 with 80% in a foundation. XRP went #2 with 60% in a company. BTC has 42% of all coins in only 2000 addresses and Satoshi’s coins that have never moved counted as “circulating” and increased the market cap. Forks of Bitcoin, forced up Satoshi, also count his coins in their market caps…
HEX has mechanisms to penalize Bitcoin whales when they FreeClaim their HEX. This helps the little guy. HEX however has mechanisms that help create HEX whales, such as BiggerPaysBetter. (But it’s capped 30x smaller than LongerPaysBetter)
If you’re looking for socialism and a particular Gini coefficient, you will not like crypto at all.
The Coin Republic: Community is comparing HEX with Bitconect, what do you want to say on this?
Richard: Bitconnect pretends to do “arbitrage” and pay you profit from it. In reality they robbed the last in, to pay the first in until they exit scammed. HEX is the opposite of this in every way. Truly. Read the “HEX combats Scams” paragraph.
The Coin Republic: They often accuse HEX of wash trading, what’s your stand on that?
Richard: HEX has the most open trading and volume in the ENTIRE history of cryptocurrency.
I even made a video to show you how to analyze every single trade.
ON the exchange where most of the trading occurs.
The Coin Republic: Hex Promoted as “designed to increase in value faster than anything else in history”, and “do-over 10,000x returns in under 2.5 years”, don’t you think these big claims can come under the regulatory radar?
Richard: I’m rather disgusted that my free speech rights are being affected. I should be able to tell you about the design intentions of a system. ETH did over 10,000x in 2.5 years, and they designed HEX to outperform it. Thus by syllogistic inference HEX did over 10,000x in 2.5 years. Bitcoin is up 900,000x right now btw. Satoshi built the first pumpamental in crypto with the halving. HEX has improved on game theory. People are allergic to the idea that you can design something to become more valuable.
This is quite odd considering value accrual is the primary purpose of all businesses and cryptocurrencies. Thus, they design f1 cars to win races. Only some do.
HEX is about realistic expectations. Cryptocurrencies are the highest appreciating asset class in the history of mankind. That life-changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 2,000,000x returns in 7 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flashes crashed as close to $0 as possible. Amazon dropped 95% once too. Now it’s 50% of all Internet sales in the USA.
The Coin Republic: Would you mind telling a bit about Hex’s Core Team and their contribution, as many articles online even raised questions over team members?
Richard: HEX has no team. Moreover, HEX has no roadmap. In addition to that, HEX has no partnerships. HEX has no promises. HEX is code. It is complete. They invented crypto to GET RID OF MIDDLEMEN. In HEX there is just you, and the code.
The Coin Republic: One thing that is Common in most claims, founder reward! As highlighted by Vlad Costea Per Smart-contract whenever somebody decides to claim their tokens, we see a minting process that benefits the “origin” address.
Richard: Satoshi stealth mined Bitcoin gathering up and estimated a million coins before mining was popular. He didn’t give them away, he didn’t burn them. Nearly every cryptocurrency benefits those that take part in it early. If they didn’t people probably wouldn’t take part at all. HEX has an origin address that gets half of the bonuses available during the launch phase. It gets nothing on your base claim. It gets nothing in your interest. In November when the launch phase ends, all the bonuses end to. After that it gets half early/late end stake penalties. It’s gotten less than half the HEX.
HEX went up 115x USD in 128 days. It seems like the design is working just fine. (Also remember that XRP went #2 with 60% centralized and XLM topped 10 with 80% centralized, And 42% of All BTC is in only 2000 addresses.)
The Coin Republic: It is often reported that huge transfers of Ethereum from HEX origin address and addresses associated with crypto exchanges, leading many to suspect that it was the beginning of an exit scam.
Richard: How can you scam something you were never in? HEX has given no one any expectations of effort or enjoys the work of anyone ever. The code is complete. The project is complete. New projects are launching all the time on top of it. The community is amazing. It’s insane to me I get asked questions that are totally 100% literally the opposite of what they should be. The correct question here would be, Richard, why haven’t you made all that easy to make promises that everyone else in crypto does? HEX stands alone as a complete project in a sea of hype, opium, and empty promises.
It took me about 20 hours to write the text you see in the HEX combats scam post. I really put a lot of work into it, specifically to answer the exact questions you’re asking.
I truly truly hope that you read it.
HEX is dominating in every single metric. Verifiably. Provably. Over $2 Billion dollars of Bitcoin holders have minted HEX.
