HEX 2.0 - The Next 10,000X?

[SEAsiaLife]

Hi Guys,

For those who know about HEX, it's akin to a certificate of deposit where you stake tokens in order to get interest, it has done incredibly well in terms of gains. It was called a Scam and has been said over the past 2 years that it would collapse at any time, instead people have made 6 figures, become millionaires and multi-millionaires.

If you want to see how well HEX has done the past 2 years, please check this out...

https://hexgraphs.com/performance


A new project like HEX (made by HEX investors) has launched in November. It's called DAXE.

It will be launched across various chains, currently it is only on BSC and AVAX. It will next be deployed on Polygon on 12 January. The Polygon version of DAXE will be airdropped to stakeholders on BSC and AVAX, 50% to BSC stakers and 50% to AVAX stakers. Then after Polygon, it will be launched to Pulsechain or Solana. Then the Pulsechain or Solana version of DAXE will be airdropped 33.3% to BSC stakers, 33.3% to AVAX stakers and 33.3% to Polygon stakers. If you get the picture, the incentive is to stake across multiple chains, in order to get airdrops.


Here is an interview with the creator:

Here is the website and Telegram group:

https://daxetoken.net/
https://t.me/DaxeToken
Here is an easy way to switch networks via Metamask;

https://umbria.network/connect/



The market cap is tiny, and the project is only 2 months old. You are early.

 

[bartosimpsonio]

I don't like the sound of this. Also, I think we've seen something very similar before.

 

[SEAsiaLife]

I don't like the sound of this. Also, I think we've seen something very similar before.

Why don't you like the sound of this?

Yeah, there's a few similar projects; Axxion and WISE are 2 similar projects, both didn't have good marketing strategies. I think this project will be different, the team have a different strategy and game theory.

There aren't any 'shares' that you get by staking, it's just a straight interest calculation. Plus, it's designed to benefit smaller people and to give 'everyone a chance' every time in launches on a new chain.

 

[bartosimpsonio]

Why don't you like the sound of this?

Yeah, there's a few similar projects; Axxion and WISE are 2 similar projects, both didn't have good marketing strategies. I think this project will be different, the team have a different strategy and game theory.

There aren't any 'shares' that you get by staking, it's just a straight interest calculation. Plus, it's designed to benefit smaller people and to give 'everyone a chance' every time in launches on a new chain.

Understood. But then, why don't people go straight to the underlying assets and stake AVAX and BSC?

I'm not passing any judgement on this project, I'm just saying I don't exactly like the fact that you need an intermediary in order to earn from staking underlying assets, but I could be wrong.

 

[SEAsiaLife]

Understood. But then, why don't people go straight to the underlying assets and stake AVAX and BSC?

I'm not passing any judgement on this project, I'm just saying I don't exactly like the fact that you need an intermediary in order to earn from staking underlying assets, but I could be wrong.

Because of the potential to get a higher return.

For example, look at the price of HEX 1 year ago, and then compare that to the price of Ethereum. Whoever brought HEX one year ago and held it until now made significantly more money than if they would have brought Ethereum.

If you stake ETH you can get approx 10% on Celsius?

HEX went from 0.008 to 0.287703 from 30th DEC 2020 until 29/12/2021. If they staked HEX then they also got 40% more tokens on top of the token price appreciation!

The market cap is very low, so there is the potential for a person to get HEX level returns, which are a far better yield than 5% to 10% APR for staking BSC or AVAX. DAXE has an average of 20% interest (meaning tokens, not price), but again as the price increases the higher the return like HEX.

 

[lotsofmoney]

Another scam coin. Stay away from these coins if you want to be safe.

 

[SEAsiaLife]

Another scam coin. Stay away from these coins if you want to be safe.

Every investment is a risk, even Bitcoin and Ethereum.

Please revisit this thread in 6 months, you may have been proven right. Market cap currently is 25 mil on BSC DAXE and 17 Mil on AVAX DAXE. Will see where things are on July 1st.

 

[slippery_slider]

Pyramid scheme ran by a cult. No thanks.

 

[SEAsiaLife]

Pyramid scheme ran by a cult. No thanks.

Have you ever had a conversation with a Bitcoin maximalist?

People have been saying that about HEX for the past 2 years, that it's a pyramid scheme that will collapse at any moment. At some point it becomes a frivolous criticism. The mechanics of why HEX appreciates in value is no different to any other crypto, more people buy and hold than people sell. Also, instead of just constantly trying to hype people to buy and hold (like Bitcoin fans do), Richard actually incentivized holding through staking for interest, that has a financial penalty (either a percentage of the principal or interest is deducted) for withdrawing stakes early.

Monero has private wallets and transactions by default, and restricts ASICs mining so that only GPUs can mine which incentivizes higher mining decentralization than BTC. Monero - if based on tech alone - would be the #1 crypto not BTC. BTC is dinosaur tech, and does nothing that other better cryptos can't. So literally all people who hold BTC do is try to encourage people to buy and hold BTC, because it can't really do anything better than be the largest market cap in crypto - they can't talk about the tech being better than other cryptos, because it isn't.

 

[slippery_slider]

People have been saying that about HEX for the past 2 years, that it's a pyramid scheme that will collapse at any moment. At some point it becomes a frivolous criticism. The mechanics of why HEX appreciates in value is no different to any other crypto, more people buy and hold than people sell. Also, instead of just constantly trying to hype people to buy and hold (like Bitcoin fans do), Richard actually incentivized holding through staking for interest, that has a penalty for withdrawing stakes early.

It literally is a pyramid scheme which is part of the reason why it isn't listed on coinmarketcap. Their "burner address" belonging to Richard receives some percentage of ETH and HEX from each transaction.

The reason why it is "successful" is due to their aggressive marketing, unethical shilling by the cult members and low liquidity on uniswap. He incentivized staking and suggesting people to stake it for 10-30 years saying (not literally, more like suggesting as he's very cautious with his words so no legal charges can be pressed against him) people who invested will build generational wealth.

Another argument against HEX is inflation caused by staking, as the money is coming out of nowhere the risk of price going below listing price floor is extremely high, though I'm sure these brainwashed people won't nor are ever planning to ever sell any of their hex due to Richards promises and brainwashing, so it might not be an actual risk at all.

Monero has private wallets and transactions by default, and restricts ASICs mining so that only GPUs can mine which incentivizes higher mining decentralization than BTC. Monero - if based on tech alone - would be the #1 crypto not BTC. BTC is dinosaur tech, and does nothing that other better cryptos can't. So literally all people who hold BTC do is try to encourage people to buy and hold BTC, because it can't really do anything better than be the largest market cap in crypto - they can't talk about the tech being better than other cryptos, because it isn't.

What does it have to do with HEX exactly? After all its an ERC-20 token, it doesn't revolutionize anything, you also cant build anything on top of it. One of arguments Richard is pedaling is "HEX has 100% uptime" - of course it has, it is a smart contract.

 

[SEAsiaLife]

It literally is a pyramid scheme which is part of the reason why it isn't listed on coinmarketcap. Their "burner address" belonging to Richard receives some percentage of ETH and HEX from each transaction.

The reason why it is "successful" is due to their aggressive marketing, unethical shilling by the cult members and low liquidity on uniswap. He incentivized staking and suggesting people to stake it for 10-30 years saying (not literally, more like suggesting as he's very cautious with his words so no legal charges can be pressed against him) people who invested will build generational wealth.

Another argument against HEX is inflation caused by staking, as the money is coming out of nowhere the risk of price going below listing price floor is extremely high, though I'm sure these brainwashed people won't nor are ever planning to ever sell any of their hex due to Richards promises and brainwashing, so it might not be an actual risk at all.


What does it have to do with HEX exactly? After all its an ERC-20 token, it doesn't revolutionize anything, you also cant build anything on top of it. One of arguments Richard is pedaling is "HEX has 100% uptime" - of course it has, it is a smart contract.

Again, those criticisms of HEX have been said for 2 years straight. I used to listen to them, and even made them, then I realized that he is genius at marketing and game theory. IMO it will continue to work, and people will continue to call it a scam year after year.

Also, I believe that his next project Pulsechain is going to be huge. (Did you know it will be the largest airdrop in history? Anyone who has ERC20s will have them duplicated on to the blockchain, with an incentive to provide liquidity for them to pair with ERC20s on Pulsechain via a fork of Uniswap/Pancakeswap... Genius!)

HEX brought Certificate of Deposit like product to blockchain, so I would say it is revolutionary - and it's been very successful. (The initial people who invested were literally given it for free, so if they staked they potentially made 6 to 7 figures for free.)

DAXE takes what HEX did and applies a twist. No T shares, just straight interest of tokens. Stakers also get a free airdrop on new chains. It's value is based on game theory. What makes cryptos go up in value is more people buying and holding than selling, the question how are people incentivized to buy and hold. DAXE does that through interest for staking, and airdrops for stakers.

DAXE token is available on BSC and AVAX, and will be launching on Polygon on 12th Jan. So anyone who buys and stakes now will get an airdop on Polygon. (The longer you stake, the more you get.)

 

[Niffo]

Hmm, looks good thinking of buying some

 

[Niffo]

It literally is a pyramid scheme which is part of the reason why it isn't listed on coinmarketcap. Their "burner address" belonging to Richard receives some percentage of ETH and HEX from each transaction.

The reason why it is "successful" is due to their aggressive marketing, unethical shilling by the cult members and low liquidity on uniswap. He incentivized staking and suggesting people to stake it for 10-30 years saying (not literally, more like suggesting as he's very cautious with his words so no legal charges can be pressed against him) people who invested will build generational wealth.

Another argument against HEX is inflation caused by staking, as the money is coming out of nowhere the risk of price going below listing price floor is extremely high, though I'm sure these brainwashed people won't nor are ever planning to ever sell any of their hex due to Richards promises and brainwashing, so it might not be an actual risk at all.


What does it have to do with HEX exactly? After all its an ERC-20 token, it doesn't revolutionize anything, you also cant build anything on top of it. One of arguments Richard is pedaling is "HEX has 100% uptime" - of course it has, it is a smart contract.

It is listed on coinmarketcap: https://coinmarketcap.com/currencies/hex/

 

[slippery_slider]

Again, those criticisms of HEX have been said for 2 years straight. I used to listen to them, and even made them, then I realized that he is genius at marketing and game theory. IMO it will continue to work, and people will continue to call it a scam year after year.

HEX being a ponzi scheme is a rightful criticism as that's how it was designed (main reason people are avoiding it).

Also, I believe that his next project Pulsechain is going to be huge. (Did you know it will be the largest airdrop in history? Anyone who has ERC20s will have them duplicated on to the blockchain, with an incentive to provide liquidity for them to pair with ERC20s on Pulsechain via a fork of Uniswap/Pancakeswap... Genius!)

No comment.

HEX brought Certificate of Deposit like product to blockchain, so I would say it is revolutionary - and it's been very successful. (The initial people who invested were literally given it for free, so if they staked they potentially made 6 to 7 figures for free.)

Depends what you mean by revolution and success.

DAXE takes what HEX did and applies a twist. No T shares, just straight interest of tokens. Stakers also get a free airdrop on new chains. It's value is based on game theory. What makes cryptos go up in value is more people buying and holding than selling, the question how are people incentivized to buy and hold. DAXE does that through interest for staking, and airdrops for stakers.

DAXE token is available on BSC and AVAX, and will be launching on Polygon on 12th Jan. So anyone who buys and stakes now will get an airdop on Polygon. (The longer you stake, the more you get.)

I do not follow Richards projects enough (at all) to know what any of those buzzwords mean.

 

[SEAsiaLife]

I do not follow Richards projects enough (at all) to know what any of those buzzwords mean.

Staking means to lock your crypto for a yield. Sometimes you get the same crypto, but sometimes you get another.

Airdrop means you get given crypto for free to your wallet.

Game theory is the study/method of applying math to interactions and behaviour... https://en.wikipedia.org/wiki/Game_theory

All of those concepts are independent of Richard Heart, he didn't create them.