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ThecoinrepublicBlogRichard Schuele: Know the Founder of HEX...
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Richard Schuele: Know the Founder of HEX and PulseChain

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Richard Schuele also known as Richard Heart is a famous personality in crypto space. He was born on October 9, 1979. He is exceptional as a kid. At the age of three, he started reading. After attending just two days of elementary school, he was enrolled in a gifted school for accelerated learning. He completed his schooling from Math Education for gifted secondary school students. 

He started his career at an early age. He has grown his wealth by making investments in various cryptocurrencies. He is an entrepreneur, YouTube icon, and author. He has multiple sources of income. As of April 2023, he has an estimated worth of $500 Million based on Bitcoin holdings.

Richard Schuele: Early Life and Work

In the early days, Richard Schuele established a mortgage company conducting pay-per-click (PPC) operations and search engine optimization (SEO). The company has made $60 Million per year under his leadership.

Richard is known for HEX and PulseChain. HEX is the blockchain-based high-interest capability of deposit (CD) projects. Due to its complex nature, it is believed to be a scam but has gained a lot of followers and generated huge profits for early investors. It was created on December 2, 2019. 

This cryptocurrency is unique due to its features like staking systems which allow users to earn interest on their holdings. Its Proof-of-Stake algorithm gives additional rewards to those who hold the currency for a longer period of time.

At the time of release, the tokens are distributed to those holding the Bitcoin on the chain. The token price soon surged 22x from December 2019 to December 2021. This is the reason why it has become the most popular cryptocurrency. It is built on the Ethereum blockchain and works on a Proof-of-Wait mechanism which is less energy efficient as compared to Bitcoin as it works on a Proof-of-Work mechanism.

HEX is built with the goal to replace gold as an investment option. It acts as a store value. It should eliminate the need for credit cards and other payment options. It should replace the central authorities with a trustless system that pays interest directly to stakeholders. It has no use cases. 

Besides HEX, Richard is also involved with PulseChain which is built on an Ethereum fork. He raised hundreds and millions in venture capital. He has plans to boost his net worth from $500 Million to $1Billion from Pulsechain. He has raised $27 Million for medical research via the PulseChain network.

Passive Income Sources of Richard Schuele

He has a vast online presence on all social media platforms. He discusses cryptocurrency and various topics of the digital world with his audiences. Through his content, he generates income from ads, sponsorship, and affiliate marketing. He is the author of the self-help book “SciVive” which is a guide to living longer and wealthier.

Recently, he was charged by the Security and Exchange Commission (SEC) for controlling HEX, PulseChain, and PulseX with unregistered offerings of crypto assets that raised more than $1 Billion in crypto assets from investors.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Ritika Sharma
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
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