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The Exiled · 12.05.2022., 18:38

Š.O.K._i_V.J.E.V.E.R.I.C.A.

Citiraj:

Richard Heart, the founder of HEX, was once found guilty of fraudulent acts when he spammed anti-tax evasion courses, which is a punishable offense under the Constitution.
By the age of 23, he had become a multimillionaire through spam.
Furthermore, he went so far as to spam Viagra and anti-aging pills (for which he did face legal action in early 2000s) as well as legal troubles in Panama.

Citiraj:

HEX requires an increasing number of buyers to maintain the token price, which ‘interest’ tokens are paid through, otherwise the token price collapses. This is what what makes HEX analogous to a Ponzi scheme, only that there is one additional step where both new and existing investors are transacting indirectly with each other through a token that is subject to supply and demand. Auditing in the crypto world is where developers who specialize in cryptocurrency smart contracts evaluate the computer code for bugs. Having sound code doesn’t absolve it from being a scam if the code is written to be… a scam. All the HEX contract code does is mint new inflationary tokens every year and then distributes the inflation to those who have agreed to lock theirs up. The sole purpose of the HEX contract is to redistribute value from some token holders to other token holders.

Citiraj:

UST’s Do Kwon was behind earlier failed stablecoin

Citiraj:

Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020, just before the launch of terraUSD (UST), Terra’s flagship stablecoin. Like UST, BAC sought to maintain a $1 peg through code, not collateral. But it failed: The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday. Now history appears to be repeating: Over the last three days, UST sank precipitously below its peg, going as low as 27 cents in early morning U.S. hours Wednesday.

Svaka sličnost sa stvarnim likovima i događajima je sasvim slučajna.

HEX to the moon.