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HEX is basically a scam, a pyramid scheme

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Written by   12
1 year ago

HEX is a cryptocurrency token built on Ethereum that promises infinity rewards for staking. In the official website, it says:

HEX IS NOT A PONZI.

Yes, I agree. It's not a Ponzi scam. It's a Pyramid scam.

In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network.

That's basically minting value out of thin air. Wow, maybe HEX has an angel backing it that loves to give away free money.

There are no middlemen or managers in HEX. HEX rewards are dynamic like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become. HEX puts you in charge!

The funds in traditional banks can give interest because they use it to provide loans for businesses. Without anything of that sort, how the hell can HEX continue to provide "high interests"?

It's totally a Pyramid Scheme. It works by giving people a false hope that their money is going up in value. But they can't withdraw it as it is locked up.

It can go up and up by making stupid people believe the balance sheet they see in their portfolio is what they will get. It's basically utilizing the greed of people with the lure of more money without actually giving more money.

All the new money or interest is generated from inflation. It works by getting more people to buy it with referral programs. But when enough idiots of brought it, there won't be any more losers to refer to.

Hence, the pyramid will collapse.

If they are so legit, why do they have to literally defend themselves by putting an explanation about why they aren't a ponzi scheme in their main website?

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Comments

Trust is subjective and the choice of headline "Scam" is highly questionable when you begin to correct yourself first thing in article. I believe this is the best and most intellectually advanced project to take back value from BilderbergTaxationCoin whitch got hijacked by bigger banker 2017. It easy to call anyone stupid specially if you dont adress the behaviour or actions. good luck hating on Hex.

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1 year ago

nice article, plz subscribe me

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1 year ago

How are you?

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1 year ago

What's a network fee somehow it costs like 8.00 to send 0.50 any help

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1 year ago

Thanks for the information. I will subscribe you, please do the same 😊

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1 year ago

Thanks for this article. I will subscribe you please do the same.Dear

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1 year ago

Great article

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1 year ago

Grate

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1 year ago

this gonna take more advantage. Thank you.

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1 year ago

So nice article and dude i subscribed Please subscride me back☺☺

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1 year ago

Great

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1 year ago