What is HEX (HEX)?
HEX, launched in December 2019, is a blockchain-based certificate of deposit, mirroring traditional financial instruments in a decentralized context. Created by Richard Heart, its primary purpose is to provide a blockchain equivalent of a time deposit, offering interest to holders who stake their tokens.
HEX aims to address the lack of time-bound investment opportunities in crypto, allowing users to lock up their tokens for a fixed period, earning higher interest rates for longer stakes. This system is designed to stabilize the token's value and incentivize long-term holding, contrasting with the often speculative nature of cryptocurrencies.