Swann explained, “To get HEX after the airdrop, you participate in an ‘Adoption Amplifier,’ which makes a game out of bidding on new HEX tokens by sending ETH into a ‘pool'. That ETH then goes directly to Richard…” Swann concluded, “Everything in this ridiculous token is designed to look like a game and encourage gambling. But the one universal factor in every game element is that Richard gets wealthier and you get a worthless token that he invented for free…” Hex crypto stock She added: "But the reward system is reliant on price inflation and penalties on withdrawing from stakes early, and as we’ve seen in the volatile world of crypto, when demand subsides prices can fall dramatically.
Volatility has returned to digital assets markets, with performance of ETH and many tokens experiencing outsized drawdowns. Derivatives... Report Project › HEX The charges come after nearly five years of warnings from crypto watchers that these projects were scams – and the SEC agrees, including fraud amongst the allegations against Scheuler. Notably, that makes this a dramatically different situation than Ripple Labs’ legal battle with the SEC. That case is limited to the question of securities violations, which is why it has been seen as an important bellwether for the broader crypto industry.