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HEX is a smart contract on the Ethereum platform marketed as a blockchain-based certificate of deposit. The HEX project is attempting to create an alternative version for traditional CDs that instead uses decentralized technology and cryptocurrency.
HEX uses the Ethereum network for its transaction layer while containing features designed to stimulate behavior that encourages price appreciation and disincentivizes practices harmful towards it.
HEX is the world's first blockchain Certificate of Deposit that allows users to stake their tokens in return for interest.
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