The 2-year-old cryptocurrency project gives 38% staking rewards. Is the project legitimate or a scam?
The HEX token is based on the Ethereum blockchain. Their website says they are the first blockchain certificate of deposit. Those who stake HEX tokens are given an average of 38% returns. The figure is lucrative because most US banks do not provide more than 2% annual interest.
Who is the founder?
The HEX was founded by Richard Schueler, who adopted the stage name Richard Heart. One of the steps to fundamentally analyze any project in Web3 is to check out the history of its founder.
Richard’s mail archive shows that he used to run a course on How to Spam people. In fact, he was charged with invoking Washington State’s anti-spam law.
His Twitter bio reads that he owns the most expensive Rolex, the world’s fastest Ferrari, and some more boasting about his lifestyle. He has flexed his wealth on multiple occasions on social media. When he was asked why he flexes his wealth, he replied...
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