#HEX A thread. I've done some more research on $HEX and here's what else I've found out about the project. @RichardHeartWin @HighAltitudeInv
Not shilling it and not financial advice, but with all the DeFi farming craze that were mostly scamming people or copying other codes (which makes them vulnerable to attacks/ rug pools), I think it's worth celebrating projects with solid game theory/ tokenomics:
1) It is high interest generating so incentivizes people to lock up the majority of their tokens. This means there are no whales to pump and dump. If you look at the chart you'll see that the cycles are very natural, which is great if you want to trade it.
2)Another feature in the tokenomics is that those who stake for the longest amount of time are also rewarded with a larger portion of the T shares (which determines the % ROI of your stake).
So, let's say Mr A stakes for 2 years. In those 2 years if more and more people cash out before him he will receive their T shares allocation which in turn increases his staking ROI.
3) Literally no YT influencer is talking about it and those that do think it's a ponzi- but this means it doesn't have spikes of FOMO and profit taking on the chart. It is purely community driven.
4) There's something called Big Pay Day on Nov 20 in which around 180B Hex are distributed to stakers. This will most probably cause a spike in interest for trading and staking Hex which are good opportunities to trade/ scalp it if you wished.
5) It is designed to reward in the long term so there's nothing stopping you invest a small amount you can afford to lose, letting it generate interest for a year or so (plus the price increase), then withdrawing your initial investment, or buy more ETH with your profits.
Like I said, not financial advice, but if you are intrigued by the project and found value in this thread, please consider using my referral link to purchase your first Hex https://hex.com/?r=0xE04b4E23aDfEB996F966b763e7f32E5090eeBb81
Happy for any Hexicans to correct or clarify any of the points I've raised. Or add to the thread!
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