HEX is a cryptocurrency launched in December 2019 by Richard Heart. It is a blockchain-based certificate of deposit, which mirrors traditional financial products where users lock away money for a fixed period in exchange for interest payments. HEX introduces the concept of rewarding users for staking their tokens by locking them up for a designated time. Currently, HEX’s price in CAD is around $0.002717.
Users can stake their HEX tokens for a period ranging from 1 day to 5,555 days. The longer and larger the stake, the higher the interest rate users can earn on their holdings. The interest is paid out in HEX tokens at the end of the staking period.
The HEX community is notably active, with a strong presence on social media and dedicated followers. This cryptocurrency is an example of how traditional financial products can be reimagined using blockchain technology. It offers users the potential for passive income through staking.
If Canadian investors are looking to invest in HEX, Maple Investments is an attractive choice as it offers several crypto-centric financial services within a regulated framework.
