HexCash – A Decentralized Fund Management System (Warning)

What is HexCash?

HexCash is a truly decentralized fund management system, with the aim of insuring investors steady returns on their principle amount, with negligible risk of loss by ensuring growth irrespective of market volatility. HexCash aims to address the problem of market volatility and protect investors against other crypto fund management platforms that turn out to be Ponzi schemes. These Ponzi hedge funds tend to offer lucrative ROI numbers, but eventually turn out to be an exit scam.

HexCash aims to address these issues by offering a decentralized system operating on an Ethereum backbone, this entire system is planned to operate via smart contract, eliminating human interactions and the potential for an exit scam, as funds will not be controlled by the project owners.

How do investors make money with HexCash?

According to HexCash, it is becoming increasingly difficult to invest into cryptocurrencies due to the rapidly increase number of altcoins available to purchase. HexCash solves this issue by using the Hex HODL system. In this system, investors simply purchase Hex tokens from an exchange or other source of their choice and can then send these tokens to a specially designed contract address.

After sending Hex tokens to the contract address, their sending address and amount is recorded and allocated an interest bracket. The smart contract forms the HEXHODL system whereby all investors are allocated interest based on the size of their investment, the interest brackets are as follows;

The HEXHODL system offers up to 12% weekly interest (source)

Besides the basic weekly interest offered by the smart contract, the HexCash HODL program also offers additional bonuses to long term investors as follows;

3% bonus after 4^th week

5% bonus after 8^th week

7% bonus after 12^th week

10% bonus after 21^st week

Following the 21^st week, investors will gain an additional 2% bonus per week.

Token Sale Details

[Disclaimer] This information is for educational purposes only, we highly recommend reading the opinion segment at the end before investing into this project

The HexCash project is based on the Ethereum blockchain, and so its tokens are ERC-20 based. The ICO is scheduled to run between the 9^th May and 16^th of June 2018, with a total of 10,000,000 HexCash available for purchase, representing 30% of the total supply. The HexCash token sale is separated into six rounds each of which are 5 days apart, beginning on the 9^th of May. The token sale rounds are outlined below;

Round 1 – 0.5 USD/ea

Round 2 – 0.6 USD/ea

Round 3 – 0.7 USD/ea

Round 4 – 0.8 USD/ea

Round 5 – 0.9 USD/ea

Round 6 – 1.0 USD/ea

The minimum purchase amount is 1 HexCash, investments are accepted ETH, BTC, LTC and other altcoins. 

Our opinion

In our opinion, we feel that the HexCash project is either underdeveloped, or is an outright scam. The project has a number of properties that are typically associated with scam project, including ludicrous promises, no team information, and no contract-based investment method. This can be evidenced with a simple calculation, assuming an investor pays 100,000 USD for 100,000 HexCash at the most expensive price (1.0 USD/ea), immediate investment in the HODL program would yield the following (assuming compound interest);

10 weeks - 259,374 USD

20 weeks - 672,750 USD

1 Year – 14,204,293 USD

2 Years – Over 5 billion USD

This does not include the bonus interest. Besides this, the HexCash system does not use a smart contract to protect their investors during the ICO, which means there is no safety net for investors if the project fails to reach its minimum funding amount (though there doesn’t appear to be a minimum cap). In our opinion, we give this project a 3/10, there is an extremely significant chance that this is a scam, or at least an extremely risky investment.