💻 Join The VIP Cryptocurrency Course and Discord Group: https://www.joeparys.com/yt/crypto-course – Is Hex going to Zero by 2030?
In this video, I’m going to be sharing with you my own personal opinion, back it up with some data, statistics, some facts, and also sharing another opinion of another fellow YouTuber we’ve had on the channel.
Jerry Banfield and I are dear friends and many people know that I have been holding Hex, staking Hex, bought Hex at 0.0038 for the first time, and I have seen more than 100X gains.
I am very pro Hex.
Jerry made a video saying that Hex is going to zero by 2030, and he went through a variety of different reasons why he believes this.
This is my response.
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00:00 I Bought 1,789,836 HEX Crypto Coins at the bottom
01:05 Hex market cap
03:07 Where to buy Hex
04:52 Hex’s liquidity
10:09 Richard Heart
11:10 Hex’s destruction!
11:48 Hex’s better than Bitcoin
12:37 What are T shares?
15:23 Join the class & VIP group
16:03 Wrapping up
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.
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Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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