The HEX crypto was launched on December 2, 2019, by Richard Heart, based on Ethereum. HEX is an ERC20 token that was created to take the role of a Certificate of Deposit and protect value. This year the token price is stunningly soared, showing a bullish move of 655%, while for two years, it has progressed by 301978.5%. However, after its maximum, the price started deteriorating, losing 66.6%; even now, it is continuously plummeting to $0.158428 in the last 24 hours. It has a circulating supply of HEX coins and a total supply of about 573 Billion.
According to HEX’s official website, the project aims to be the world’s first cryptocurrency certificate of deposit (CD). In conventional banking, a CD is a product that pays a customer a slightly greater rate of return than the ordinary savings account after the consumer agrees to lock up the funds for a certain period. By the way, the HEX cryptocurrency is faster and cheaper in transactions and, in some respects, more secure than Bitcoin because it uses the security of Ethereum. As of today, the market cap of HEX is not available, but the trading volume is more than $22,807,040.