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 4th week
5% bonus after 8th week
7% bonus after 12th week
10% bonus after 21st week
Following the 21st 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 9th
May and 16th 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 9th 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.
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