Hex.com - An overview for the users on How does it work.

 Have you ever heard of a crypto investment bank? If you haven’t traded on any of the crypto platforms, you may not know about it. But for those who have been in crypto trading for quite some time, then you must understand that Hex.com is marketed as a crypto investment bank. Richard Heart who is the founder and CEO of Hex Crypto had announced that any investor who will hold this coin will earn huge benefits. 

This blog is a guide for everyone unaware of this crypto coin. As if you are planning to dive into the crypto world it will be beneficial for you.

Working of www.hex.com

This cryptocurrency operates by using a different network called Proof of Wait (PoWa). On this protocol network, the users can earn interest on the Hex holding and by staking their coins on the smart contract of Hex. Technically Hex is just an ERC-20 token but if we talk about the company’s website then there it is referred to as a Coin. And because it is an ERC-20 token then it is obvious that you can store Hex crypto on any of the Ethereum-based wallets. And the best wallet for storing Ethereum-based tokens is MetaMask. To receive interest the traders will have to wait for a particular time limit after that they can unstake their tokens and withdraw them via smart contracts. 

The interest that you will receive will be in the form of Hex.com. And the interest that will be paid to the users will be based on 3.69%. But this inflation will only be applied in the case of minted Hex. Once the staking period ends it will result in delayed inflation. If all the Hex coins are staked fully then the traders would earn interest at the rate of 3.69%. Another factor that determines the amount of interest one can earn is how much they have staked. It is a simple rule, the more the staking, the higher the interest-earning. Even the duration of the staking helps you earn more. 

Is it good to invest in?

Now you must be wondering that although the interest-earning factor sounds attractive is it really worth it? Then the answer is yes. Investing in Hex.com would be a good decision. Still not sure about it? Then continue reading this segment of the blog to know the answer. 

The price of earning always increases depending on the staking of the users. And the www.hex.com has also undergone several security audits which reassures you about its security. And if you are still not convinced then you can read the blog posted by the developers of Hex, on the website of the company. 

Concluding Thoughts

In the growing world of cryptos, Hex.com has surely raised the standards to a higher level which has put the other coins in tough competition. But one thing that you should always remember while dealing with any of the crypto coins is that the more return it will promise the more risk it has. So only invest that amount of which you can take the risk.