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Cryptocurrencies: Β 5,290Markets: Β 20,722Market Cap: Β $179,296,417,26324h Vol: Β $111,180,736,726BTC Dominance: Β 65.0%
Market Cap: Β $179,296,417,26324h Vol: Β $111,180,736,726BTC Dominance: Β 65.0%Cryptocurrencies: Β 5,290Markets: Β 20,722

HEX (HEX)

$0.000431 USD (-3.57%)
0.00000007 BTC (-2.51%)
0.00000326 ETH (-2.53%)
Buy
Exchange
Gamble
Crypto Credit
  • Market Cap
    $46,915,205 USD
    7,366 BTC
    354,824 ETH
  • Volume (24h)
    $864,389 USD
    135.72280599 BTC
    6,537 ETH
  • Circulating Supply
    108,954,357,354 HEX
  • Total Supply
    117,626,204,823 HEX

About HEX

Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.

HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.

HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.

HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.

HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract.

At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.

HEX Statistics

HEX Price
$0.000431 USD
HEX ROI
115.04%
Market Rank
#225
Market Cap
$46,915,205 USD
24 Hour Volume
$864,389 USD
Circulating Supply
108,954,357,354 HEX
Total Supply
117,626,204,823 HEX
Max Supply
No Data
All Time High
$0.000542 USD
(Mar 26, 2020)
All Time Low
$0.000015 USD
(Dec 22, 2019)
52 Week High / Low
$0.000542 USD /
$0.000015 USD
90 Day High / Low
$0.000542 USD /
$0.000053 USD
30 Day High / Low
$0.000542 USD /
$0.000143 USD
7 Day High / Low
$0.000542 USD /
$0.000388 USD
24 Hour High / Low
$0.000455 USD /
$0.000428 USD
Yesterday's High / Low
$0.000458 USD /
$0.000426 USD
Yesterday's Open / Close
$0.000426 USD /
$0.000440 USD
Yesterday's Change
$0.000014 USD (3.20%)
Yesterday's Volume
$1,176,184 USD
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