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Why HEX is KING of DeFi.

In wake of FTX, Celsius, 3AC, and many more large, centralized entities failing and billions of dollars in customer funds lost forever, it’s time we take a good hard look at what the difference between cryptocurrency and traditional banking really is.

Traditionally, banks are a storehouse for an individual’s money and provide the feeling of ‘safety’ for an individual’s finances bottled up as convenience. Unfortunately, giving up security for convenience comes with drawbacks.

Banks often cannot allow individuals to withdraw large amounts of funds at one time without special permissions or even placing orders in advance. In short and without going too deep into the banking system itself, Banks are middlemen that create an increase in feeling of security but a loss in freedom of financial movement.

To make matters worse, we have seen as of late that banks can and will freeze customers funds due to either law enforcement request, or internal decisions.

If you then tack on the simple fact that every dollar is going down in value every single day due to the currently monetary system’s inflation, we have a system that is designed to make it hard to freely move your money all while the banks are being enriched and your dollars are become less valuable at a currently alarming rate.

Cryptocurrency was invented to be an alternative to relying on the current monetary system and relieve the need for middlemen; Bitcoin was the first successful attempt at getting public attention to do so using cryptocurrency.

While Bitcoins attempt to become the world’s first Peer to Peer decentralized currency, it became more of a store of value. The bitcoin network is not capable of allowing smart contracts to be used on the network and therefore is extremely limited in its financial capability. It is limited to only being moved around from wallet to wallet or held - you could include buying or selling in this description as well, however that is still just a wallet-to-wallet transaction at the end of the day. The buying or selling in terms of dollars happens outside of the bitcoin network.

If you wanted to earn passive income or yield using your bitcoin, you cannot do it on your own. If you want to earn more Bitcoin with your Bitcoin, you must lend it to one of the centralized entities that remain, in the wake of the many that have completely failed. These failures have lost Billions in customer Bitcoin and other cryptocurrencies every time one of them went insolvent. There is no decentralized and trust-less way for Bitcoin holders to make any use of their Bitcoin.

If Holders want to capture some of the supply inflation from BTC, they must spend a small fortune on BTC Mining equipment in hopes of out competing massive, centralized companies that have spent hundreds of millions on Mining equipment to date. So short of having the finances and the guts to compete against the current mining industry, there is no way to earn more bitcoin with your bitcoin without giving your crypto to another entity and trusting you will get your coins back, ever.

Often, the terms of service of these entities state that once you have deposited funds into the Exchange, you have renounced ownership of your tokens and anything that the entity does with your funds is accepted by you. In the case of Celsius, you were considered a ‘Lender’ of crypto if you deposited funds into the platform. Celsius even wore the slogan ‘Un-bank Yourself’, which was clearly a blatant lie to the public. Time and time again have shown us that if you do not hold the keys to your coins in a private wallet, you will lose them at some point. If there’s one thing you take from this video, remember this: Not your Keys, not your Coins.

These central exchanges or platforms all use a similar model to the traditional banking system under the guise of being ‘Crypto’. They have manipulated and lied to the consumer time and time again to get your money into their pockets. They are not crypto; they are utilizing the general lack of education around finance and crypto to make billions off their unsuspecting customers.

While this is all off putting, there is a solution: Decentralized Finance. The simplest way I can describe this to you is cryptocurrency without any middlemen or trust involved. It is finance that only works between you and the code of a given Cryptocurrencies smart contract design. This means you always take full custody and responsibility for your tokens, but never risk having someone lose your tokens because you trusted in them, and they failed. Forget banks. With Decentralized Finance, you are the bank. This is what crypto was intended to be.

Now let’s look at Hex, the world’s first complete solution to almost every single problem mentioned previously. Hex has no marketing team, no admins or admin keys to change any of the code, no way of ever being tampered with, and even has 3 years of flawless operation. During the first three years of its existence, users have been able to use their Hex to get more Hex. The only thing they had to do to earn the ‘Yield’ as we’ll call it, is to wait; aka, Stake. Its supply is hard coded to inflate at 3.69% per year to Hex stakers, while simultaneously making it harder to get the inflation over time due to a difficulty factor in the system known as the ‘T-Share’. This T-Share is both the metric for how much of the staking pool a user’s staked Hex makes up and the amount of Hex paid per T-Share in the pool. Over time, cost of acquiring a T-share when staking only ever increases, preventing users from ever being able to gain an advantage in the system through staking.

To simplify, Hex is Bitcoin with a couple of changes. Instead of Miners being the only users who get the supply inflation, anyone can ‘mine’ Hex by simply locking up their tokens for a period which they choose – again this is called staking. Once the term is finished, the user can re-mint their original tokens plus what they earned from staking. This means that the average user will always be able to get some of the supply that is inflating year after year, unlike Bitcoin. Bitcoins supply inflation decreases over time and the difficulty of acquiring those coins increases over time, whereas Hex’s supply inflation increases over time and the difficulty of getting those tokens goes up over time. They have very similar sounding dynamics but once analyzed, you may find that they imply very different outcomes for the longevity of the crypto’s.

Hex is the solution to users losing money in failed exchanges. Hex is the solution to middlemen. Hex is the solution to a bank savings account, 401k, or RRSP. Hex is exactly what cryptocurrency was intended to be: Decentralized, Trust-less, and permanently locked from any human intervention. It is truly the decentralized financial system that Bitcoin was intended to be. It is simply you, and the code. You lock your Hex; you mint your rewards.

Hex is so good, that products have been built on top of it to potentially enhance its performance long term. It doesn’t need help, but some founders have found possible ways to do so.

Hex is so good, that an entire blockchain is being built specifically for it as we speak: Pulsechain. Pulsechain is a hard fork of Ethereum 2.0 that is currently being developed because of high gas costs for Hex stakers. When it goes live, all tokens that are owned by all users will be copied over to the network. This means that your Hex tokens will all be duplicated whenever Pulsechain goes live whether they are staked or non-staked. Hex is so good, that those who invested early in the protocol are willingly spending their own money on marketing for This includes boxing matches, Race Lamborghini’s, NASCAR, Post Cards, Merch, Conferences, Tours around the USA to educate on Hex and so much more.

Hex is only entering into its third year of existence and the bottom of the market is only just around the corner in the coming months. Will you continue to trust those who have proven un-trustworthy, or will you step into the trust-less world and take back control over your finances and your future?

Pay your future self. In the future, thank your past self.

Want to learn how to take control of your future? Consider booking a one on one consultation and set yourself up for the coming bull market by capitalizing on opportunities in the bear market.

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