Hex (HEX)

Has almost all the signs of a classical pyramid scheme

#19

Marketcap Ranking

0.007854 (-0.52%) arrow_drop_down

Market Price (24h change)

2,229,997,018

Total Market Cap

2.4

3.5

info_outline What is Hex

1.7

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Hex Short Description

The purpose of HEX is to bring the concept of Certificate of Deposits (CD) to the digital world.

The HEX cryptocurrency is a form of financial service that will be operated on blockchain technology.

Similar to the conventional setup, the users will deposit their cryptocurrency and earn interest on return after staking their coins.

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Hex Explanation Video

What is Richard Heart’s Bitcoin HEX? Get Rich Quick? [Cryptocurrency Review] | Altcoin Daily

What is BitcoinHex? Is it a scam? Is it a ponzi scheme? BitcoinHex is Richard Heart’s new vanity project... we need to investigate. Let me know your thoughts in the comments. Li ...

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Screenshot from Website

hex.com
Hex Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Domains By Proxy, LLC
Name: Registration Private
Country: US
City: Scottsdale
Zipcode: 85260
Address: [ "DomainsByProxy.com", "14455 N. Hayden Road" ]
Mail: abuse@godaddy.com
Creation date: 1997-10-25
Expiration date: 2025-10-24
Nameserver: NS-1505.AWSDNS-60.ORG

build Hex Product Analysis

4.6

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Hex Whitepaper

HEX is an ERC20 token designed and launched by Richard Heart on 2 December 2019 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.


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Hex Competitors

  • 1.) KuCoin Shares

    Kucoin shares are used for collecting fees from participants of the Kucoin exchange, holding it, gives a holder dividend-like rewards.

  • 2.) WorldCoin

    Worldcoin major goal is to become the cryptocurrency of choice for merchants and consumers during their everyday transactions, whether it be a cup of coffee or bigger ticket items. Worldcoins’ speed and security makes all of this possible. Fast speeds make Worldcoin the best way to pay for everyday transactions. Transactions are fully confirmed in about 60 seconds.

  • 3.) TopChain

    Topchain is the world’s leading brand in the gaming blockchain, reshaping the game industry structure with decentralized concept to create a global de-centralized gaming ecosystem.

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Hex Product Analysis

Hex was founded back in December 2019. Its source code was released publicly on github on May 2019 under the UNSPECIFIED license.
Organization wise, Hexs Development is Semi-centralized and is being developed under the lead of Brent Morrissey.

The consensus on which the Hex network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Hex currently is Working product

group Hex Community Analysis

3.2

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Hex Communities & Events

view_list r/HEXcrypto/ Subreddit
person Subscribers
directions_run Active Users
create Daily Posts
speaker_notes Daily Comments
linkOpen Subreddit

We PROMOTE HEX here. This is the PROMOTIONAL chat.

view_list HEX.com Channel
person 21,658 Members
directions_run 1,343 Online
linkOpen in Telegram

Official Twitter account for Hex

view_list @HEXcrypto Channel
person 26,001 Followers
01.27.2021
06:39
If you see this error in @metamask_io, just switch the network to testnet, then back to main net. https://t.co/Qn1hcKphqt 97 favorite
01.25.2021
03:12
HEX is like Bitcoin but with Proof of Wait instead of proof of work. In Bitcoin, miners enrich a few mining hardware manufactuers then enrich electricity companies to mine. In HEX, miners enrich other HEX holders then use time to mine. 236 favorite
01.22.2021
09:33
The most liquid pair for #HEX is USDC at $2M. The ETH pair is $1.5M now. This means larger orders get less slippage in USDC, so https://t.co/qb7i3Mi2t3 will route to that pair, probably increasing liquidity dominance there. This could mean ETH price dips will affect HEX less. 205 favorite
01.19.2021
13:51
A HEX advertisement was found in yesterday in #Bitcoin block #666666 https://t.co/7sVYP9aC3H https://t.co/Rfw8hhr9Rd 240 favorite
01.14.2021
14:50
HEX has finally hit the mainstream press! https://t.co/LPH2W3DEew 425 favorite
01.13.2021
12:05
Check out this TV guide of the HEX live streams schedule https://t.co/jv0bMi5xAg 131 favorite
01.12.2021
12:54
What a beautiful price chart! https://t.co/HR3lox5t1A https://t.co/Y2CDVR9Ygc 331 favorite
01.11.2021
23:22
You can get a better deal on large orders by using https://t.co/LpFZnHWY48 You can cut the gas cost by up to 42% by clicking the menu top right, then the dragon (CHI) top left. Costs a little to activate. It gets better deals by routing your order across multiple pairs. https://t.co/qdn6cVljTg 98 favorite
01.11.2021
18:05
Uniswap liquidity providers money on fees. Today the annualized APR for the HEX-ETH pair shows as 211%. https://t.co/qb7i3M0rBv click pool tab, or: Direct HEX-ETH pool: https://t.co/XDlDJZ0vK0 Direct HEX-USDC pool: https://t.co/OF1Ic9a3Jm https://t.co/aSqmeNQFsp 61 favorite
01.11.2021
16:05
HEX's liquidity has increased on USDC. https://t.co/B7fw3gMNMF https://t.co/XZnhm0xvrV 168 favorite

There are no events for Hex in the next 3 Months

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Hex Google Trends


The Google Trends chart displays the search interest on google in Hex relative to its peak over the last year. A rising chart shows growing interest int he project.

code Hex Development Analysis

1.2

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Hex Github Analysis

Code Updates (Commits)


Every change to the codebase of Hex is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 2 Stars
remove_red_eye 2 Watchers
usb 5 Forks
sync_problem 5 Open Issues
border_color 779.25 % Comment Coverage
lock_open UNSPECIFIED License

attach_money Hex Price Analysis

3.2

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Hex Price Prediction

$ 0.007731 (0.4%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.002896 (-62.38%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter HEX - USD

Convert between HEX and USD with the live Hex prices, aggregated from all big exchanges that trade Hex.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Hex Team Analysis

4.4

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Hex Team

Hex Team Leader

Richard Heart - Founder
Richard represents cryptocurrencies on stage and on television. He has over 100,000 followers across the Richard Heart Twitter and Richard Heart YouTube. Message him at his Richard Heart telegram.


supervisor_accountSocial Network Links

Hex Team Members (1)

remove_red_eye Hex Product Review by Coinpaper

3.3

Hex Product description

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As mentioned earlier, the HEX cryptocurrency is a form of financial service that will be operated on blockchain technology. The purpose of HEX is to bring the concept of Certificate of Deposits (CD) to the digital world. Similar to the conventional setup, the users will deposit their cryptocurrency and earn interest on return after staking their coins.

3.0

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HEX is an ERC-20 token as an actual product. The blockchain technology is built such that it will reward the holders of the token instead of the miners. The concept is very similar to that of conventional certificates of deposit (CD). Users can lock their investments in HEX tokens, and then can earn interest along with their principal amount, once the term matures.

4.2

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The main face behind HEX is Richard Heart, who is considered a very controversial figure. Some of the other names on the project team are Kieran Mesquita, Cody Lamson, Brent Morrissey, and Dan Emmons.

2.8

How things stand for Hex

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HEX has been on a roller coaster ride ever since its advent. Interestingly, the ups and downs of its journey have been happening side by side, which is quite interesting. The project was quick enough to earn a notorious name for itself. It was seen as scam by many due to its founder (Richard Heart) being a very controversial figure. Due to the dubious practices of the founder, HEX is virtually not listed on any major exchange and not in the rankings either. 99% of the trading volume takes place on the decentralized exchange Uniswap. Even though the project was labeled a scam by many, it still managed to go big on the cryptocurrency markets. It is approaching the $1 billion milestones in terms of market capitalization very quickly. This development came in around May 2020, when the project had a reported market capitalization of over $970 million. A sudden surge came when many whales were rumored to have staked a lot of money in HEX tokens.

3.2

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The code for the HEX project is publicly available and anyone can access it. The top languages used in the project are Solidity and JavaScript. The main repository is being hosted on GitHub under the name of BitcoinHEX. The team and developers on the Github repository, however, are not very large in number and that is the primary reason why development has been slow. The last activity was recorded 11 days ago.

3.5

Hex Pro/Contra

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Security HEX token is based on the Ethereum blockchain, and offers a similar level of security.
Adoption HEX has enjoyed a rising acceptance rate in the past year.
Transactions per second HEX is an ERC-20 token, so its transactional speed is comparable to and at par with other ERC-20 technologies.
Transaction cost HEX transactions are subject to a transaction cost of a few cents.
Decentralization HEX is decentralised blockchain technology.
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Transaction speed There are no official figures available, but tokens that are built upon Ethereum Blockchain cannot exceed its transaction speed yet.
Energy consumption HEX technology depends upon the mining of HEX tokens. It is not as computationally expensive as Bitcoin itself, but at the same time, is not mining-free as Ethereum.
Product availability HEX has not entered its workable solution phase.
Exchange availability HEX is not available on top exchanges as of now.
Privacy The technology does not offer complete privacy as HEX is a pseudo cryptocurrency which means that transactions can be tracked and balances of individual accounts are available for people to see.

remove_red_eye Hex Market Review by Coinpaper

3.6

Hex Foresight

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Despite attracting negative news, the HEX project has managed to enjoy a good share of positive developments. It is predicted to rise both in terms of market capitalization and community numbers. The project is standing in a very good position and can easily take off from its current point.

4.0

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There are no further projects disclosed under the HEX project. Also, the website hasn’t provided any details of the future roadmap or any upcoming projects, nor does the GitHub repository show signs of any new upgrades or developments.

2.0

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Judging by how HEX has grown during the past two years, it surely has the potential to go further. If it manages to successfully shake off the label of scam from its face and comes up with a workable solution, it is bound to sweep the cryptocurrency markets.

3.5

Hex Business Case

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HEX is one of its kind of technology in the market. There are not many cryptocurrency projects that act as a digital alternative for certificates of deposits. Although many other cryptocurrency projects offer financial services and are very trending in the DeFI space, there is no notable project that talks about staking interest in depositing your coins. KuCoin, Elcoin, and TopChain are considered as some technologies which offer a similar store of value feature as HEX.

4.5

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HEX has managed to form several key partnerships, even though it is being considered a scam by a large part of the crypto-community. One of the most strategic partnerships under its belt is the one with the Milan-based payments company, SIA group. HEX hopes that this partnership will allow it to capture the existing bank clients by offering them a digital alternative. In other news, HEX has also entered into a partnership with IBM, the leading IT giant. HEX will be the official business partner for IBM for their new institutional custody solution for digital assets. In return, HEX will be making use of IBM’s advanced data security and protection features on their proprietary platform.

4.0

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HEX has a remarkable community representation on many social platforms. Apart from marketing platforms, HEX is present on many technical publication websites and rolls out frequent publications. It has a strong presence on social media platforms like Facebook, Twitter, Reddit, and Telegram to name a few. The community around the HEX project is seen to be growing exponentially as it is becoming one of the intriguing projects in the sense that it is growing in terms of market capitalization while there are cries of it being a scam.

4.0

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Not much is known about the development team of HEX. The development for the HEX project is slow.

2.9

compare_arrows Hex Exchanges

Hex Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 YoBit HEX/BTC $ 0.007406 $ 174 clear
# 2 YoBit HEX/RUB $ 0.007189 $ 2 clear
# 3 YoBit HEX/USD $ 0.008930 $ 2 clear
# 4 YoBit HEX/DOGE $ 0.008646 $ 0 clear
# 5 HitBTC HEX/BTC $ 0.007867 $ 72,789 clear
# 6 Hotbit HEX/USDT $ 0.007898 $ 2,392 clear
# 7 BitMart HEX/BTC $ 0.007866 $ 4,430,493 clear
# 8 YoBit HEX/ETH $ 0.008530 $ 0 clear
# 9 YoBit HEX/WAVES $ 0.007938 $ - clear
# 10 YoBit HEX/YO $ 0.006514 $ - clear

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