What is a HEX?

How Does it Work?

HEX is a digital token that lives on the Ethereum and PulseChain blockchains. It was created to be the world's first blockchain-based certificate of deposit. In the traditional banking world, a CD is a savings product where you agree to lock your money away for a set period to earn a fixed interest rate. HEX applies this same core idea to the crypto space, but with a decentralized twist.

The entire system is managed by an immutable smart contract on the blockchain, meaning it runs automatically according to its code without any company or person in charge. The central feature of HEX is staking. Users can choose to "stake" their HEX tokens by locking them into the smart contract for a period of their choosing, which can be anywhere from a single day to over 15 years. The smart contract is designed to reward users who stake their tokens, with longer stakes being eligible for a greater share of the rewards.

The key thing to understand about HEX is that it is explicitly designed to reward long-term holding over short-term trading. When you stake your HEX, the smart contract calculates your "Shares" based on how much you stake and, more importantly, for how long. The longer you commit to locking up your tokens, the more Shares you get. These Shares determine your portion of the daily HEX reward pool.

However, this system also comes with strict rules. If you decide to end your stake before your chosen date, you will face significant penalties, which are then distributed to the other stakers. This penalty system strongly discourages breaking your commitment and reinforces the platform's core focus on time-locking assets. In essence, HEX's design creates a financial ecosystem where the primary activity is staking and earning yield over a long period.

The Easiest Way to Buy HEX

For those new to the ecosystem, acquiring HEX can sometimes seem complicated, often requiring multiple steps on decentralized exchanges. Rampnow simplifies this entire process, providing the most direct and secure bridge from your local currency to owning HEX.

As a non-custodial on-ramp, we make the experience straightforward. You choose how much HEX you want to buy, and we send it directly to your personal crypto wallet. We never hold your assets, so you are in complete control from the moment your purchase is complete. You avoid the need to manage complex swaps or worry about the security risks of leaving your tokens on a centralized platform. If you're ready to explore what the HEX ecosystem has to offer, Rampnow provides the simple, fast, and secure entry point.