FAQ

A1: A single T-Share currently pays avg of 7.5 HEX per day on both the Ethereum network and the PulseChain network. The community run website HEX DAILY STATS provides accurate charts of daily payouts for both networks (chains) and keeps the entire history of the T-Share prices and HEX rewards, among many other helpful metrics. 

A2: The yield comes from the hard-coded immutable base inflation rate of 3.69% annually. That inflation goes directly to the miners and the OA address, split 50/50.

Think of a see-saw: on one side you have HEX rewards and on the other side you have the HEX price in USD terms. The fewer Miners you have, the higher the mining rewards - because the inflation is spread out among fewer individuals. But the fewer miners there are, the likelihood of a declining HEX price is higher simply because more liquid HEX might mean more HEX being sold on the market than bought. Conversely, with more Miners the yield is lower, but the price in USD is more likely to be much higher because more HEX has been removed from circulating supply as well as an upward buying trend vs a selling trend.

Markets are mostly unpredictable, however, so it’s possible there are more buyers than sellers at any given time, but those buyers might not choose to become Miners. But the more HEX that is removed from supply via the Mining protocol, the higher the likelihood that the HEX price will rise. The lower the available supply, higher the price.

A3: HEX is the better Bitcoin. So far, Bitcoin has surged from .01 to over 100k. There is a very strong likelihood that the market will slowly recognize the negative externalities of Bitcoin, just as it did with MySpace when Facebook was launched, and shift its financial energies to the better products. HEX is in its infancy and the price targets are only believable because Bitcoin has proved the possibilities.

So let me conclude with a question: if Bitcoin‘s ability to remove Central Banks from overseeing financial transactions while also struggling with the headwinds and friction of extreme negative externalities is currently valued over 100k USD, what is a far superior product that doesn’t come with these negative externalities worth? How long will the price discovery phase last before the market decides that HEX is accurately priced?

A4: HEX is true DeFi. It is not found on any centralized crypto exchanges and its true ranking is being manually hidden by the centralized ranking sites. HEX never needed a centralized entity of any sort to be bought, swapped, or sold. True DeFi is here, and HEX is the shining example on the hill of the power of decentralization. Because of this, you are probably reading this because you recently discovered HEX. Do you remember when the wealthiest man in the world first bought Bitcoin? You are early.

Congratulations on finding the best cryptocurrency since Bitcoin‘s launch in 2009. It’s true that the best time to buy any great cryptocurrency is shortly after launch, when the prices are very low. But due to HEX being true DeFi, after 5 years of flawless operation, you are still early. 

A5: Yield varies depending on how many shares you acquire. Let’s use an example:

Say you just purchased 500,000 HEX at .02

The current T-Share rate is 39,500 HEX

That’s 12.65 T-Shares. 

Currently, a T-Share pays 7.5 HEX daily

You can Mine for 1 day or 5555 days, or anywhere in between. “Longer pays better, and bigger pays better” is the expression used to refer to the amount of T-Shares you will receive for your Mining period.

Therefore…

At current Share rate you receive:

365 days (1 year) 15 T-Shares

1825 days (5 years) 25 T-Shares

3650 days (10 years) 38 T-Shares

5555 days (15.2 years) 38 T-Shares

Let’s review the math. Keep in mind that the HEX mining rewards are steadily increasing over time as T-Shares are steadily decreasing over time. But to keep things simple we will only use the current rewards rate for the entire duration.

1 years: 500,000 + 41,062 HEX

5 years: 500,000 + 342,187 HEX

10 years: 500,000 + 1,040,250 HEX

15.2 years: 500,000 + 1,583,175 HEX

Original principle was 500,000 HEX purchased at .02 for a USD value of $10,000

Results:

For the sake of being conservative and keeping our math simple, we will assume HEX price remained at .02 for the duration of the mining period. (Actual price will fluctuate and market tendency is an upward trend.)

1 years: $10,821

5 years: $16,843

10 years: $30,805

15.2 years: $41,663

To emphasize, the math above is based upon a sideways price of .02 for the duration of your mining period. But the likelihood is that price will trend upward as the cryptocurrency market grows. One can never make promises or predictions, but a product this good - “the better Bitcoin” - could easily become the fastest growing asset in history.

For anyone reading this, I would encourage you to plug your own numbers in the math above, speculating on the price of HEX at the time a Mining period ends. The compounding effect is astronomical with only an increase of pennies. 

A6: Think of this in terms of circulating supply. The base inflation rate is split between the Miners and the OA, but for the Miners these rewards don’t become part of the circulating supply until the mining period ends and the principle + rewards are MINTED.

So if there is a wave of new miners, the inflation will trend lower because the base inflation being awarded to miners has not yet been MINTED into the circulating supply. On the other hand, if there is a wave of miners ending their mining periods, then there will be a surge in newly MINTED HEX entering the circulating supply.

So the base inflation rate of 3.69% has an ebb and flow with periods of very low “real” inflation and periods of much higher “real” inflation. The miners win BIG by receiving all the inflation, while those who just hold their HEX liquid (the way Bitcoin holders do) get diluted. So… If you truly want to opt in to a new financial ecosystem that gives you the opportunity to acquire inflation the way the rich get richer when the Federal Reserve turns on the money printers, then you should take advantage of what Richard Heart created and become a HEX Miner. 

A7: Richard Heart forked Ethereum to protect HEX users from the outrageously high gas fees on Ethereum. As the Ethereum network gets busy with more and more users, the gas fees increase dramatically. What’s worse, the gas fees for ending Miners is especially high. The longer the Miner, the higher the fee. The concern was that this would be a reasonable deterrent from setting longer Miners. What we have learned since the launch of HEX on Ethereum in 2019, is that ending Miners during bear markets can be reasonably inexpensive due to low volume on Ethereum. But ending Miners during a bull cycle can be outrageously expensive due to the high volume on Ethereum.

The reason PulseChain was created was to protect HEX users, but in doing this Richard Heart gave ALL users a better experience with faster transactions and much MUCH lower gas fees. Every ERC-20 token was copied over at the time of the fork. The new “PRC-20” tokens have value, but the expectation is for PRC-20 tokens to reach parity with ERC-20 tokens, but with gas fees adding up to pennies instead of hundreds of dollars. The creation of PulseChain should also help Ethereum by lightening the load on its network.

The sole difference between eHEX and pHEX is the gas fees. The cost for transacting on Ethereum is much higher than the cost for transacting on PulseChain. The HEX smart contract is exactly the same on both chains, but it behaves slightly differently based on the amount of Miners in the protocol. Thus far, the general consensus among HEX users is for PulseChain due to the much lower transaction fees. Futthermore, the HEX community fully supports Richard Heart and his cryptocurrency ecosystem, so the support for PulseChain over Ethereum, thus far, has resulted in a 10:1 price difference between eHEX and pHEX. 

Current prices:

eHEX .0026

pHEX .0144

A8: HEX is REAL DeFi. Centralized exchanges require large listing fees. The HEX founder and community will never pay an exchange to list HEX. 

HEX does not require any centralized middlemen to be purchased, nor will it ever rely on fake volume to be promoted. With the advent of decentralized exchanges such as Uniswap and PulseX, real DeFi is available and HEX is the only REAL DEFI protocol from start to finish. From the initial buy to becoming a Miner to ending your Mining period - HEX does not require centralized exchanges or middlemen of any kind.

HEX is the future and the future is here. It’s a decentralized smart contract that is exactly like Bitcoin without all the negative externalities AND rewards its users for holding instead of selling.

A9: HEX reached .51-.55 depending on which chart you are looking at back in mid-September, 2021. 

A10: The documentary called “The Highest of Stakes” was filmed during what Richard Heart describes as his “outrage marketing” phase. In the last bear market (aka “crypto winter”) Richard attempted to reach a demographic that only gives their attention to those who drive the most expensive cars and wear the most expensive clothes. Richard admitted that this was his (unflattering) attempt to get eyes on HEX. This was extremely controversial and polarizing among the HEX community.

Although his follower count on Twitter did dramatically increase during this phase, he garnered the most attention from the SEC which, under the direction of Gary Gensler, sued Richard for securities fraud. Because the outrage marketing was so against type for Richard, it’s speculated that Richard’s outrage marketing was ACTUALLY a well choreographed plan to catch an SEC charge for the sole purpose of defeating the SEC in court and establishing important legal precedent for the future of cryptocurrency.

Richard Heart’s legal team is the best money can buy - the same team that represents Elon Musk.

Given this, it’s very likely this speculation above is accurate. We currently await the judge’s ruling. Richard Heart’s passion for privacy, freedom of speech, and the right to assemble freely are his core tenants.

A11: Richard Heart designed HEX to reward those who get in early. When was the best time to buy Bitcoin? Was it when the price was $1 or $100k? If the best time to buy Bitcoin was when the price was $1 then why are people like Michael Saylor buying loads of Bitcoin at $100k? The answer is a combination of market psychology and stupidity. The crowds represent the “market.” And markets are generally stupid. These are facts, not opinions.

I mention the above only to remind you that price does not necessarily correlate with demand. Often, the higher the price, the higher the demand and vice versa.

The HEX protocol is hard-coded to react to any and all END MINER (aka END STAKE) actions by increasing the share rate so that the miner that just ended cannot achieve the same shares using the same financial energy as before. For example, if a HEX user acquired 10,000 T-shares when a share cost 10,000 HEX per share, and set a 5 year mining term, after the 5 year term is complete if the HEX user wants to re-acquire the same 10,000 T-shares, the share rate will have increased dramatically - approximately 35,000 HEX per share. That’s because over the past 5 years as HEX users end their miners, the share rate automatically pushes up slightly. With thousands of Miners in the system and hundreds of Miners ending daily and weekly, the rate pushes upward continuously. This is a brilliant design. Why brilliant? It’s all psychology.

Humans love rewards. Humans love seeing their portfolio stack HEX every single day without lifting a finger or without needing to actually buy more. The rewards come to you as a share of the inflation every single day because you made the commitment to hold. The T-shares reward the miners EVERY SINGLE DAY with more HEX. But humans also get spoiled. They get accustomed to being treated well. So … when the Miner ends, and the rewards suddenly stop, users often want them back. To get them back, it requires more financial energy. And this process is a steady upward momentum that cannot be stopped. The share rate grows just as the universe grows. It just keeps on going. Unstoppable. The HEX share rate is always getting higher - always and forever.

This is why T-shares are deflationary.

This is why T-shares are declining.

This is why those who hold T-shares are getting more of the pie - more of the inflation.

This is why it’s better to set a miner for 5555 days instead of 365 days. 

A12: Yes. HEX follows the same parameters as the Certificate of Deposit. Lock your money up and receive yield. Longer pays better. Higher pays better. The methods of acquiring yield are vastly different, however. HEX is far superior than a bank CD because HEX is its own currency, printing its own inflation rate, and sending that inflation straight to the Miners. Furthermore, HEX utilizes blockchain and smart contract technology, therefore, HEX holds all the attributes of Bitcoin while being far superior to Bitcoin for the reasons discussed throughout this website.