Place/Date: - November 17th, 2020 at 1:18 pm UTC · 4 min read
When was the last time you received a big paycheck? Stimulus checks DON’T count.
Business has been *very* slow for the vast majority of people. Multimillion-dollar companies such as Amazon, eBay, and PayPal have experienced anywhere between 40-60% growth in the first quarter of 2020; but let’s face it: you’re not Jeff Bezos or Pierre Omidyar – and that’s quite alright.
You may have missed out on buying shares in big tech during the pandemic that really took the world by storm. Who can blame you given all the uncertainty and insanity that has defined the year 2020? At least now your money is safely stacked away in a bank.
But, wait. Is this really the best thing to do?
While it’s true that your money is physically (and digitally) safe in a bank account with FDIC insurance, it is still open to getting ravaged by inflation in the long run. The interest rates offered by most banks often lack the robustness to offset the effects of inflation, which can range anywhere between 1 -3% every year. In fact, most banks since the 2008 financial crisis pay near 0% interest rate on regular checking or savings accounts – a trend that was prevalent for years until 2015. Even since then, interest rates have started falling again, especially since the financial crisis caused by COVID-19, in order to convince people to spend more money.
So, yes, while your money is safely hidden away in a bank account, the value that it retains is not. So what other option do you have? After all, no one gives out a big payout for free, right?
While this is somewhat true, the value of many cryptocurrencies has skyrocketed up to 300% this year, beating out the measly value attained by your funds in a bank account which is ultimately eaten away by inflation and dastardly bank charges.
It’s a shame because the HEX project *did* give away free tokens to every Bitcoin holder by simply sharing their Bitcoin address back in December 2019. Giveaways and easy cash grabs *do* happen, so don’t lose hope on taking part in these events. You already missed the opportunity, you may say; well, there’s nothing to worry about because HEX is yet again hosting a payout giving away 200 billion HEX tokens valued at USD 1.6 billion to their stakers.
The best part of all this? Getting involved is super simple! All you have to do is stake HEX tokens in your wallet and participate in the BigPayDay event before 19 November 2020. All wallets will be credited according to the amount they hold in the staking pool. You can stake your free HEX for an approximate APY of 30%+ and earn compounded interest on your HEX holdings. This certainly beats the meager interest offered by your bank.
You may be thinking that this is too good to be true. How can anyone in the crypto community be trusted? Exactly! This is why HEX runs on Ethereum-based smart contracts which will automate the process of crediting the appropriate amount of HEX tokens during the BigPayDay. HEX’s smart contracts underwent two independent security audits by ChainSecurity and CoinFabrik and one economic review. Taking this into perspective, Bitcoin didn’t have such a thing, yet people and corporations alike are all over it.
So shake off the yoke of hopelessness that dominated 2020 and participate in the staking reward of HEX tokens. Santa may not be able to make it this year due to travel restrictions, but this could be a better alternative – regardless of whether you’ve been naughty or nice. HEX can be bought on several cryptocurrency exchanges or directly on their website.