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Hex is a scam! It promises 10,000x returns!

  • Nobody is promising anything. There are no expectations in Hex. The founder, Richard Heart, has pointed out that Bitcoin and Ethereum have done 2,000,000x or more from their all time bottoms, and that HEX is designed to do better than that so 10,000x is absolutely in the realm of possibility. Will it? Who knows. Cryptocurrency is the highest appreciating asset the world has ever seen. It is certainly possible.
  • Bitcoin was designed to go up in value, and it did. Bitcoin has the “halvings”, which is when the mining block rewards are cut in half every 4 years, reducing inflation being sold on market by miners.This is what’s known as a pumpamental, something designed into the product to help the price go up. Is Bitcoin a scam for having that incorporated into its design?
  • HEX is an amazing, finished product with several pumpamentals, covered in effective marketing that triggers some people’s mind to automatically deem it fraudulent. But if you take a deeper look, nothing about it is a scam.

Is Hex a Pyramid Scheme?

No, Hex has a one-layer referral program that ends after the 350 day launch period. Tesla and Amazon use a referral program. It is a great marketing tactic that helps onboard new users, used by several successful programs. Speaking of referral programs, click below for 10% bonus HEX when you enter the adoption amplifier.

Where does the ETH go?

Where does the ETH go? You shouldn’t have any expectations of what is done with the Eth being put in the Adoption Amplifier. Hex is NOT a security. A security gives expectations of profit from the work of others. That is NOT Hex. Hex is a fully complete project. No future development is needed, and no work should be expected. Hex does have an active community of developers who freely contribute to the ecosystem with awesome tools found on the Homepage “Helpful Sites”.

The Supreme Court Decision on what constitutes a security is below, decided in SEC v. W.J. Howey Co., 328 U.S. 293, 90 L.Ed. 1244, 66 S.Ct. 1100 (1946)

  • [a]n investment contract for purposes of the Securities Act means a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party. 66 S.Ct. at 1103.

Is the ETH being recycled?

  • There is no conclusive evidence that the ETH is being recycled. EOS had a similar launch, and their inconclusive report can be found here: https://media.consensys.net/a-retrospective-of-the-eos-token-sale-172d3437932b
  • If you lock the ETH, somebody could just take out a loan on it
  • You can’t prevent anybody from buying any freely purchasable thing
  • People don’t want cheap things, they want expensive things. Price going up increases adoption.
  • Why you are concerned about somebody raising the price of something you own? Would you rather them sell?

Origin Address

Nobody knows who owns the Origin Address, and it’s better that way (see “Where does the ETH go?” above). It receives 50% of all penalties and it is paid a copy of all bonus payments during launch as well. Bonuses include:

  • Speed Claim Bonus
  • Referral Bonus
  • We are all Satoshi
  • Critical Mass and Virality Bonus

Origin Address owns over 50% of the supply!

Several of the top 10 ranked cryptocurrencies also have addresses tied to founders or the project that have a high percentage of the supply. This does not have to be a negative thing, and that’s proven by coins like EOS being in the top 10. If the OA is tied to the project, then it’s in the owner’s best interest for the project to succeed. So, maybe it’s a good thing they have a large portion of the supply

You can't sell it anywhere!

Yes you can. There’s 14 million in liquidity on uniswap and 3-5 million traded daily. A $50k sell is seeing less than 1% slippage in price. Hex is still new, so liquidity and presence on exchanges will continue to grow. If you're wondering why you can't sell your free-claimed Hex, 90 % of Free claims are auto staked for 350 days, 10% is liquid.

It's Wash Trading!

Hex has some of the most transparent trades in all of crypto. The two sites below show all transactions that occur on uniswap. On hex.vision you can follow the links to hex.live or Etherscan to see what stakes those addresses have open, if they sold, and more. Click on the photo if you'd like to go see the live trades now, and you can change the auto-refresh down to 15 seconds. Real people are making these trades, and it's all available to see. Uniswap.info also has the transactions.

hex-fud.txt · Last modified: 2020/10/28 15:01 by yikes