The wild growth of the crypto sector has been nothing short of a miracle despite the many pitfalls, but that has also resulted in the emergence of tokens that might not be completely above board, and one of those is HEX.
The token is widely believed to be part of an elaborate scam, and in a new development, it has emerged that the crypto platform Bitcoin.com listed the token in spite of these hesitations from the general crypto community.
Went Live Last Week
Officials have revealed that trading on the token went live on the platform on December 13, and the revelations have led to fresh controversy about this token in the crypto space.
There are very few crypto exchanges in the world that list the HEX token anymore, and Bitcoin.com is now one of the few reliable crypto exchanges that list it at this point. It is particularly startling since the association between the exchange and the crypto project seems to be a new one.
This has come at a time when Richard Heart, the founder of the actual HEX crypto project, has had to fight against allegations of fraud. The coin was launched early in December, but in the little time since its launch, it has already become a controversial subject in the crypto space.
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Not a lot of data has yet become available with regards to HEX trading so far. At this point in time, Bitcoin.com is offering two trading pairs to its users. One is HEX/BCH, and the other is HEX/ETH. The former is now down by as much as 65%, while the latter has declined by 59%.
Critics of the HEX project have stated that the founder, Richard Heart, will have control of as much as 45% of the entire supply of the token after one year from the launch. An expert stated that the founder could potentially enrich himself from the built-in HEX protocol.
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