You read that right, and the price has gone higher from the time I took those screenshots to the time I am writing this right now. HEX has changed many peoples lives and STILL there are plenty of people calling it a scam and saying “just wait for the rug pull”.
But everyday Richard Heart, creator of HEX, posts on his twitter about hack after hack, rug pull after rug pull, scam after scam, bad code after bad code. You should actually click on one of those tweets and just follow the thread up and just count all the bad work being done out there.
HEX on the other hand has ZERO admin keys, unlike matic which has admins who can freeze your money anytime they want. HEX has 100% uptime, unlike coinbase and binance which have frequent maintenance, especially when major tokens are hitting all time highs.
Richard has no liquidity provided to market makers platforms so he cant rug us.
You might say “well what if he dumps the price” well it seems like he got 100,000 to over a million ETH for the HEX launch, and he was able to get over 700 million dollars sacrificed to his new project Pulsechain, which is a hard fork of Etheruem bringing over entire system state (yes, you will be getting free versions of all your ERC20 tokens). AND, he was already a multimillionaire before mining full blocks of bitcoin on his own and FOMOing into bitcoin at $30. He has plenty of cash, ether and btc to sell that he’ll never have to sell HEX or pHEX (pulsechain version of HEX since HEX is an erc20 and yes YOU will get a copy of all your erc20 versions on pulsechain, their price wont be the same but the tokens will be and they’ll be on a network with virtually free fees unlike the one their on now).
One thing never spoken about but being talked about now, is, if you know how price discovery on uniswap works, Richard might do the exact opposite of a rugpull. Which is called “Magic carpet ride”. He might just say “you know what, let me pump the price of HEX just to mess with everyone’s head. If you know how price discovery works on uniswap, youll know that price discovery looks at the ratio of your liquidity pairs, and liquidity is small enough that Richard can literally pump the price above the market cap of bitcoin... now THAT will make people ask themselves “wait a minute, why do we even measure and care about market cap? It’s a vanity metric!”.
HEX has been performing phenomenally, and anyone who has liquid or staked hex will be getting a copy over on pulsechain just like everyone else who owns an erc20 who’ll also be getting a copy of whatever they have.
The price discovery of pHEX, pLink, pTether and others will be very interesting to observe. Will be posting more often hopefully. As long as lunatics don’t come downvoting me out of spite lol.
Posted Using LeoFinance Beta
Good information