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Hex, a new project that will be launching on December 3rd, 2019, is the first high interest savings account launched on the Blockchain. Hex was created out of a need for a platform with trustless interest, and the main goal of the new project is to change the way its users think about investing, saving, and currency in general.
Since the project relies on trustless interest, its users can exchange currency directly with one another instead of depending on a company or bank to mediate the transaction. This means that transactions using this platform are completed more swiftly, have no hidden fees, and have stronger protections against incidents of fraud or corruption. After Hex launches and generates a large user base, the new project has the potential to completely eradicate middlemen payment companies such as PayPal and Venmo, as well as impact credit card companies like Visa and MasterCard.
Blockchain, cryptocurrency, and internet marketing expert, Richard Heart, excitedly anticipates the launch of Hex, his new project. As an entrepreneur who has developed various, highly successful internet startups, Heart identified a need for a service, and worked quickly to develop a platform that met those needs. What makes Hex unique and wholly different from Bitcoin is the fact that the new service uses an Ethereum-based token, not Bitcoin. The “Hex” brand refers to its open source, trustless, store of value, censorship resistant, permissionless, and immutable nature—six of the main characteristics of the project.
Bitcoin has already proved how useful cryptocurrencies can be with respect to investing. The currency is treated more as an investing tool than an actually currency only 10 years after its development. Despite how revolutionary and successful Bitcoin has been, the platform itself doesn’t have a way for its users to earn…