Crypto Lodge - Blockchain, Cryptocurrency, Decentralization, DeFi & FinTech Disruption Podcast Crypto Lodge

Watch the video on YouTube by clicking here.

Follow me on Twitter @Crypto_Lodge

Join the Telegram

Discussing the $HEX cryptocurrency and the soon-to-launch Ethereum fork called "Pulsechain" with Nicole AKA @NrdGril007 (Twitter) Nicole is a member of the Discourse Syndicate, and one of the smartest women in crypto that I've ever had the pleasure of speaking to.

If you're interested in HEX and this conversation, you should watch my conversation with Captain RG3 here.



WHAT IS HEX CRYPTO?

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 (Decentralized 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 disincentivizes 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.

At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.

Official Website

White Paper

Watch the video and Subscribe on YouTube here.

Find me on Twitter

Join The 'Lodge' on Telegram

#HEX #PULSECHAIN #HEXICANS

HEX Is The First Blockchain Certificate Of Deposit CDs, known as Certificates of Deposit or Time Deposits, are worth Trillions of dollars. CDs are worth more than gold, credit card companies, and cash. CDs pay higher interest than savings accounts, requiring money be deposited for a fixed time. 

Banks profit on poor customer service, early withdrawal fees, and auto-renewing you at worse rates. They pay pitifully low interest. New money is printed all the time, making yours less valuable. HEX replaces inefficient currencies, banks and payment networks with verifiably secure peer-to-peer technology. HEX has outperformed Bank CDs because it's nothing like a Bank CD. HEX monetizes the time value of money in a totally new way.

In HEX, you're the bank.  Cryptocurrencies are the highest appreciating asset class in the history of mankind. Bitcoin's price did 2,000,000x from $0.01 to $20,000 in 7 years. Ethereum did 10,633x from $0.15 to $1,595 in 2.5 years. Had you put in $1, you could have made millions, many did. It's Life-changing wealth. So far, HEX's price went up 146x in Bitcoin, 93x in Ethereum, and 352x in USD.  

HEX's time locks are more serious than the time component of T-Bills or Bonds, which can be sold, whereas staked HEX cannot be sold. HEX may be the first time in history that so many millions of dollars are being truly time locked for 15 years at a time. The average stake length in HEX is 4.8 years! HEX is a Nobel Prize worthy economics breakthrough.

Notice: We may express of our opinions about crypto assets but none of us are financial advisors. Crypto is unpredictable and volatile. DYOR.

Today I talk about the crypto market in general and go over some news.

Bare with me! This is my first time ever recording a podcast!