Review on HEX by francis fernandez
ERC-20 digital asset backup
Trading a digital asset that gives us security is important. As is the flexibility that a currency gives us to mobilize it at our financial convenience.
HEX is a valuable protocol developed with blockchain technology that provides its users with specific benefits, which help to maximize their investment:
• Serves as a guarantee of the value of the funds deposited in the platform
• Allows users to contribute to reducing the inflationary risk of the currency; by providing you with the ability to buy back new HEX issues. This largely guarantees the value stability of the cryptocurrency.
• Uses the versatility of the smart contracts of the Ethereum chain to punish holders who interrupt the span of their bets on HEX tokens
• Allows HEX token transfers under the efficiency of the Ethereum chain
• Provides access to decentralized finance, through the provision of financial services with digital assets
As we have seen, the HEX protocol provides some relevant functions; However, its main characteristic is to serve as a cryptographic backup to the cryptocurrencies that are kept in the accounts of the users of the network; with the particularity that it is an unalterable guarantee permanently registered on the blockchain. This creates more confidence for HEX token holders, whether they are small or large investors in the network.
In addition, HEX being an ERC-20 type token enjoys high compatibility in the cryptocurrency market, which makes it more attractive for traders and investors.
Both for small traders and for companies that mobilize large amounts of assets, HEX is a good ally to protect your investment.
Pros
- Open source protocol
- It is a guarantee of deposit of digital funds
- It is an ERC-20 token that has good compatibility with other popular currencies on the market.
- Serves as a store of value for the issuance of new coins
Cons
- Offers penalties for interrupting the betting period
