Many of those involved in the GENIUS Token so far (those that have purchased it, reviewed the whitepaper, and are considering purchasing the final token upon launch) are ”HEXICANS.”

What’s a hexican? A hexican is someone invested in, and participating in the HEX community on and offline. It’s truly amazing what this completely decentralized Ethereum Contract has been able to cultivate in terms of value, but even more so – in my opinion – community. The community, those that support, and help spread news and awareness of the tool are collectively called HEXICANS.

What is Hex?

Hex is an Ethereum contract that is effectively a CD, a way to store funds (called staking) in which the contract rewards you for dedicating your resources, and making this promise. The longer you stake, the more you ”make.”

What’s Great About Hex

The Community – The community that has cropped up around this token is massive, and insanely dedicated. The first decentralized token of it’s kind, it truly doesn’t fit within the current regulatory paradigm of a company, entity, or token – as the contract does all the work, and was developed and launched prior to anyone’s involvement or investment. The community that has cropped up around this tool – and it’s creator Richard Heart – is amazing. They’re very dedicated to the project, in many cases developing memes, graphics, buying advertising worldwide, and more to help support their tool and spread and grow their community.

The Idea – The idea was the first of its kind, both in terms of execution, as well as in terms of code. Unlike other projects, that have a more top-down approach to development, launch, marketing, and growth, HEX was unique. In addition, it’s solution to the problem of a currency – one that was more easily accessible, and one that rewarded stakers instead of miners gobbling up GPUs/power consumption was ingenious.

Completely Decentralized – As hinted at in the above, the decentralized nature of the tool is amazing. Anyone can participate. Anyone can market. Many hexicans walk around with business cards, or have developed ancillary tools to help the rest of the community out. At every level there is no ”centralization” in the project.

What’s Not So Great About Hex?

With as good as HEX has been (and assumedly, will continue to be) what are the problems with hex? Well they’re multi faceted and some are very technical and complex, but this is a guide to those problems:

Problems With Founder – Personally, I don’t think this is a good criticism, but it certainly caused a faltering, particularly in the beginning. Richard is a notorious figure, and his former “pay-per-click” (PPC) marketing days and being touted as “Spam King” was just the start of a parade of red flags. However, he has done an amazing job educating people on how to avoid getting scammed, how men and women are supposed to act different, how to find agreement in politics, how to stop gambling and trading, how to stop gaming , start a businessreducing military spendingfix schools, fix democracy, give better apologies, do what you already know you should, prevent hangoverspromote medical research, be disciplined, be happy, quit after a win for happiness, and focus on that which empowers you. Richard’s commitment to make the world a better place and his genuine caring nature has made such a massive impact in people’s lives.

Problems With Launch– Throughout the first 351 days of the AA lobby, HEX had a referral program and gave free coins to Bitcoin holders to gain an instant user base. Over $5 Billion worth of Bitcoin (a collective 300,000 BTC) minted their free HEX. Millions of dollars of free HEX was exclusively given to Bitcoin holders. But, was this initial coin offering the best way to distribute the original supply? Were BTC holders and ETH genesis whales really the best people to actually commit to be part of this new financial product? Did they have the best intent to protect they price of HEX or did they just dump on the market?

Initial Marketing

Hex not only had lots of marketing through traditional print and online media, but its initial marketing consisted of paid press releases appearing on financial news sites with comical claims like “Hex has the potential to eradicate middlemen payment companies such as PayPal and Venmo, as well as impact credit card companies like Visa and MasterCard.”

Bitcoin Maximalists ☣️ Nowadays, if you just mention #HEX on Twitter you’ll see a flurry of support from the community, however, the Bitcoin Maximalists still accuse the HEX community of being bots. It’s quite amusing even to this day.

Reservations About The OA – Personally, I don’t have any reservations about the OA address, however there were plenty of early skeptics that had their reservations and still do. Many felt that the HEX launch was unfair and that the Origin Address (OA) should not exist at all. The OA has proven to be a benevolent force, however the fact that the OA collectively controls +88% of all Hex is a bit unsettling.

As for the initial distribution of Genius Token, the sacrifice was nothing but transparent and fair to all users. shows the exact breakdown on what addresses own what % on the initial supply and since over 15M Legacy GENI has been sacrificed so far, that means ohttp://hexpulse.infonly 20M can be minted (so only another 20 Billion official Genius token can be minted at max after the 240B initial supply). 240B at the beginning. Zero OA coins after the drop. Zero tokens going to BTC free-claimers. Genius.

Code – Unstaking – High Fees – Ending a HEX stake requires significantly more gas than creating one, as it is more computationally intensive. ETH Miners calculate the accrued inflation rewards for each day up to the stakes maturity. Consequently, the longer the stake, the more gas is consumed to conclude it. However, a $900 gas fee to end a HEX stake that is only valued at $720 is highway robbery.

The Good news: The Genius Token Smart Financial Contract has found a way to effectively decrease end stake fees up to 95% in some cases!

Genius not only tracks the reward share payout for every day of mining, but also tracks in larger groups of days (blocks of 10 days, blocks of 100 days) to effectively achieve these lower gas fees.

Code – Staking – One of the largest problems with HEX that Genius aims to solve is the “growing divorce rewards problem.” When a large stake becomes so valuable through price appreciation, the more likely the user is to break their promise and cash out. This action is harmful not only to the user who broke their promise, but also the entire ecosystem as token holders who held for a period of time now see an opportunity to sell and the price action takes a dive (this is the exact result that Hex was designed to prevent).

Staking – Lack of Options & Large Penalties – With HEX, stakers can end a stake early and lose their ENTIRE principle and rewards with just the click of a button. There really is no option to gain any liquidity once your HEX is locked up for 15 years. Sure, there have been layer 2’s built on top of HEX, but for the average user, these are not viable options. In Genius, stakers, whether simple or advanced, are not going to be able to be in a position to lose their entire principle. There will always be OPTIONS for greater utility with the Genius platform.

Early Adopters in HEX – Whales can stake large amounts for a short period of time, dump their return, re-stake again, and repeat this process perpetually forcing a never-ending selling pressure on the market. HEX has benefited whales greatly. Not only because they can afford Ethereum’s outrageous end stake fees, but also, by rolling short stakes, whales can easily and continuously earn massive inflation rewards to then dump on the market. A single whale dumping hundreds of thousands of dollars worth of inflation rewards on a weekly, bi-weekly or monthly basis places continuous negative selling pressure on the market. The problem just keeps repeating itself…

These short rolling stakes have no influence on the daily share rate increases. In the HEX ecosystem, each stake’s ROI depends heavily on how long the individual stake took to mature. Stakes with larger ROI’s are what makes the T share rate increase. AND these short stakes have miniscule ROI compared to longer stakes that earn more yield. Its plain and simple. Longer not only pays better, but also ratchets the share rate as the ROI for longer stakes will always outperform short stakes. This kind of short-staking activity constantly dilutes long-term HEX stakers and places continual selling pressure on the market.

To help fix this problem of rolling short stakes constantly diluting the market participants, Genius has a minimum amount of time that an Advanced Genius Miner will have to commit to. And beyond that, there’s a 120 day period when they cannot early end-stake but can still choose to liquidate/ auction their stake if they choose to.

So, if whales want to keep staking and dumping, they’ll have to use the simple mode and get less inflation rewards or, stake out for the future with longer revolving stakes.

Due to the minimum daily share rate increase, Genius miners will always need to stake their original principle and rewards ~25% longer if they would like to receive the same amount of reward shares they previously had prior to that stake’s maturity.

Code & Market Dynamics – Upswings in Price – Since launching in late 2019, Hex outperformed every asset in every market across 2020 and 2021. However, since we have seen the price of HEX rise 10,000x, the HEX contract’s early end stake penalties, a major mechanism in place to keep users from from breaking their promises, is not enough to curb this extreme selling pressure after HEX’s parabolic rise in price.

When someone breaks their promise and ends their stake before it matures, there is usually a penalty or loss of rewards. However, due to parabolic price appreciation, its often seen as extremely lucrative for early investors to break their promise in order to capture this price appreciation and this has been happening since the ATH seen in September 2021. By end-staking early, inflation rewards are lost but the user gains back their original principle that has appreciated in value tremendously. They then dump their principle HEX on the market while longer time-horizon Hexicans who stick to their promises are left with a small fraction of their penalty distribution.

To combat this negative selling pressure, Genius A.I. watches the market to see if its worth it for people to break their promise and actively changes its penalty structure. The A.I. functions through several formulas throughout the Genius Smart Contract. Ultimately, the reward and penalty structure for Genius is designed to incentivize people to stay true to their original promise.

Lack of Future-Proofing – Besides Hex moving over to Pulse Chain, there really is no “Proof of Benevolence” function in HEX. In Genius there will be a “Proof of Benevolence” function that allows any number of an account’s Genius Tokens and/or Genius Mining Stakes to be removed from circulation. This transaction that removes the Genius Tokens or Miner can be used to “move” the tokens/stakes to another smart contract or smart chain.

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