You retards have no idea

> (You)
>do you not know how certificate deposits work?

Yes I do, why does doing this with crypto have a lot of value? If there's a finite amount I don't get how you can collect interest off of it? Who's going to pay the interest? Aren't 90% of crypto guys looking to 10x their money and get out? So how is a low fixed interest CD going to take over the crypto market?

just read this shit

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Sir... i've just put my entire life savings into HEX... plz, pump for my fahamalaies

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That doesn't really help me at all, sorry user.

do you want your little tiny stack of pennies to make little penny babies?

number goes up nigger

HEX is the fuckin shit. TY RH for giving me 20x

Aight fine fuck it if no other reason then to be able to shill in these forsaken threads, I can blow $500 on a gamble, if it goes to zero fuck it.

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I understand how a CD works. Why is this valuable? What does this add to the blockchain? The value behind crypto is the same as the USD, the faith of the people using this. So I'm asking what user base is going to use this? How much interest are they getting? How is the interest generated?

Thats my man. Literally best $500 you could ever spend.

daily reminder that in clown world where mcdonald trump is president scams are unironically the best investments in 2020

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Hex has it's own user base, not adopting some other crowd. Its literally so simple. What other coin allows you to set your own stake time limit and give you the insane returns that Hex does? Thats right, none of them. Whats the incentive? Huge penalties if you try to end stake therefore more people are actually actively staked making the longterm investment that much stronger.

I did my own research, and could find nothing to suggest that value enters the system or is created by it aside from speculators staking in hopes of big gains.

So what's the point? Ponzi coin?

Halving is in like two weeks user

You have to look at it more simply. People don't look at crypto as a solidified currency like USD or gold. You can argue this till you're blue in the face but the point but the fact remains that there is a large demographic of people that don't invest in crypto and never will. The chances of BTC or XRP becoming the new world currency is fantasy. Fiat currency has worked relatively well for most of human currency.

That being said crypto is basically a gamble. People typically don't use it to pay their groceries they use it to invest with the hopes of a huge payoff. I'm not going to argue this point because it's not the point.

HEX is a new angle on this gamble. People force themselves to stake their coins in the hopes of big profits. Think of it as rather than putting chips on roulette numbers, put it all on black and close your eyes. Does it have practical utility? Ask yourself honestly can't we honestly survive without crypto? My $.02

Why does it generate value in the form of interest for the investor when they make the cd? E.g. Why does investing 10000 ETH with them give me more money?

halving will have no effect on hex

So I'm basically supposed to wait for it to moon off of news and sell before it has to be justified? Riding a meme is what these coins are all about?

Do you really think that when all of crypto pumps hex is just gonna sit there?

it goes up in price because people buy

Can you mine this?
Where and how

There are over 140 billion of these shitcoins in circulation and it has a total market cap just under $300 million. In order for it to approx 4x by monday like you say the market cap would have to reach over $1 billion which is in link territory. No way is that happening.

Yes. That's the point, that's what every crypto is. We all know it. Look at all the thousands of fucking cryptocurrencies out there. Everyone thinks their crypto is the next big thing. You can look at fundamentals all you want. It's not the worst idea to simply follow a trend, hedging your bets accordingly. Emotion is just as powerful as logic.

And it comes crashing down the minute some amount of people sell?

wrong because the the staking terms are so punitive that if you try to end stake early (like if someone thinks its crashing) it isn't worth it. this helps to stabilize the market.

you really dont understand the monster that hex is

but there's like millions in liquidity

brainlet take. the coins are locked. true circulation is probably 5% of that.

It's a piece of shit that inflates itself by paying out interest in itself. It has no other utility. The founder just created this coin because he knows there are people like you willing to shill this shit.