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In traditional finance, certificates of deposits are products commonly offered by banks, brokers, and other financial institutions.

A CD, allows you to deposit your money in exchange for annual interest payments. The advantage is that these products are non-volatile and guarantee a return on investment. The downside is that the money remains locked in for the duration of the deposit. With penalties, if you withdraw your funds before maturity.

Richard Heart, an American billionaire, took this idea, and applied it to DeFi, in order to create the very first Certificate of Deposit (smart contract) on blockchain: HEX. The principle of HEX is simple, just like in traditional finance, once purchased, the crypto-currency can be locked (stake) between 1 and 5555 days. The difference with traditional finance is that there is no centralized organization to manage the funds, and that the interest earned can go (according to its creator) up to 40% per year.
With one of the strongest (if not the strongest) communities in the crypto space, HEX has literally exploded since its inception, gaining over 1,000,000%, peaking at $0.5, placing it for a time in 3rd place on the market cap podium, behind Bitcoin and Ethereum . With such monstrous gains, it's not surprising that many whales are taking profits, dropping HEX to $0.20 (the crypto has dropped many times before, sometimes by over 80%). Originally available on Ethereum, HEX can now be swapped on Polygon, and soon Pulsechain.
Even if Richard Heart disturbs people with his outspoken and eccentric ways, no one can deny that the billionaire has already left his mark on the world of DeFi.

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Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for HEX is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

HEX(CRYPTO:HEX) Frequently Asked Questions

What is HEX?

HEX is a Cryptocurrency.

Is HEX a buy or a sell?

In the last year, there was no coverage of HEX published on Stockchase.

Is HEX a good investment or a top pick?

HEX was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for HEX.

Why is HEX stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is HEX worth watching?

In the last year, there was no coverage of HEX published on Stockchase.

What is HEX stock price?

On 2024-02-21, HEX (CRYPTO:HEX) stock closed at a price of $0.01019105057476063.