HEX (HEX)
| Market Cap | $4,150,680,220 |
|---|---|
| Trading Volume | $12,631,573 |
| Volume / Market Cap | 0.003043 |
| Total Supply | 633,542,658,973 HEX |
| Max Supply | – |
HEX is currently trading at $0.0240, after a price change of 12.99% in the last 24 hours.
Ranked as cryptocurrency #203 by capitalization today, HEX market cap is valued at $4,150,680,220. HEX trading volume reached $12,631,573 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on HEX coin price prediction page.
What is HEX?
HEX describes itself as a certificate of deposit on a blockchain. The token is created as an ERC20-standardized asset. The protocol uses the Ethereum blockchain as a transaction layer, enabling the sending and receiving of HEX tokens and supporting smart contracts. The consensus code and staking model are managed from the HEX smart contract.
HEX claims that its inflation dropped 3.69% within a year at launch. The inflation is paid to the token stakers to maintain the price. The protocol lists Chainsecurity.com and CoinFabrik.com as its auditors. HEX is a hybrid proof-of-work and proof-of-stake consensus protocol. Native token stakers are rewarded with inflation in HEX, while the Ethereum miners get a portion of ETH tokens for completing HEX transactions.
There are currently 173.41 billion circulating HEX tokens from an uncapped supply of 633,542,658,973. HEX enables users to stake their HEX tokens and share in new HEX coin issuance. The HEX smart contract fines stakers for terminating their stake before expiry and rewards those who stake higher. The project reduces supply, which pushes the price of the token upwards. Stakers get rewarded for holding onto their staked tokens with the time frames ranging from a single day to 5555 days. Hex was launched in 2019 by Richard Heart.