HEX is a cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. Launched in December 2019 by Richard Heart, HEX is designed to function as a blockchain-based certificate of deposit (CD).
HEX offers several features, including staking rewards for users who lock up their tokens for a period ranging from 1 to 5,555 days. The smart contract rewards stakers with newly minted HEX, derived from inflation and penalties on early/late withdrawals. Early or late withdrawal of stakes results in penalties. HEX uses a “Proof-of-Wait” consensus mechanism, which is less energy-intensive than traditional Proof-of-Work. It operates on a decentralized network, not controlled by a single entity. Staking potentially offers higher returns than traditional savings. HEX also integrates with the DeFi ecosystem on Ethereum.
HEX has faced controversy, with allegations of resembling a Ponzi scheme or scam due to high-yield promises and the founder’s marketing. Founder Richard Heart’s background in online marketing and spamming has also been scrutinized. In July 2023, the SEC sued Richard Heart, alleging unregistered offering of HEX and related tokens as securities and misappropriation of funds. Like other cryptocurrencies, HEX is volatile. It is not listed on major centralized exchanges, potentially raising concerns about legitimacy and accessibility. Liquidity can be limited on decentralized exchanges like Uniswap.
Note: It is important to be aware of the controversies and risks associated with HEX before considering investment. Thorough research and understanding cryptocurrency volatility are essential before making investment decisions.
Is HEX a good crypto to buy?
Good point! Hex is the fastest appreciating thing in the history of mankind. It is absolutely amazing and leverages everything good about Blockchain, while acting as a solid DeFi product that will continue to gain use and users.
What will HEX be worth in 2025?
HEX price prediction chart for 2025 and beyond
Predicting HEX’s price in the next 5 years based on a predicted annual growth rate of +5.0%. Based on the short-term HEX daily price predictions, the price of HEX is projected to be $0.002129 on Aug 13, 2025, $0.002130 on Aug 14, 2025, and $0.002131 on Aug 18, 2025.
Is HEX a good long-term investment?
On the four-hour chart, HEX is bullish. The 50-day moving average is rising, suggesting a strong short-term trend. Meanwhile, the 200-day moving average has been rising since 12/08/2025, indicating a strong longer-term trend.
How much is one HEX coin worth?
From my experience, The current price of HEX is $0.0019 per HEX. With a circulating supply of 0 HEX, it means that HEX has a total market cap of $0.00. The amount of HEX traded has fallen by -$21,585.27 in the last 24 hours, which is a 27.44% decrease. Additionally, in the last day, $78,658.58 worth of HEX has been traded.