The traditional banking system, which once hindered our efforts to create a new society, is generally considered in the cryptosphere as a bygone artefact. There is no question about it, yet this tried-and-true paradigm has given individuals many workable solutions in the past. So, adapting the best practises from the banking sector for the new era of digital money may be worth a shot.
One of these ideas deserving of reinvention is the deposit system. Lending money to an organisation at a rate of interest is enticing because you don’t have to do anything while your money earns interest. Why then give up?
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HEXN.IO: What Is It?
A platform for crypto lending called HEXN.IO combines conventional and cutting-edge methods of lending money to assist users in making their coin profitable. The organisation provides a large number of 48 cryptocurrencies, significant interest rates (now up to 22% APY), and consistent weekly payouts.
We at HEXN want to bring the crypto world closer to people than ever by bridging the gap between the intricacy of trading techniques and the ease of earning on digital assets for end users.
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A rise in rates
Major cryptocurrencies including $BTC, $ETH, $SOL, and a wide variety of stablecoins like $USDT, $USDC, $DAI, $BUSD, $EURS, $TUSD, and $HUSD are currently the most rewarding coins on the site, allowing you to make up to 22% APY.
One of the distinguishing characteristics of the platform is the broad variety of stablecoins. It is the ideal solution for individuals who don’t want to risk their money by trying to profit from volatile digital assets in these difficult times, but also don’t want to retain their money in fiat since they don’t trust state-owned banks. Risks can be reduced by investing in stablecoins, which are digital coins backed by fiat money.
Weekly Salary
No more yearly or monthly contracts; with HEXN.IO, consumers are free to create a convenient payout plan. Even better, you can schedule weekly withdrawals to ensure a consistent income stream for your everyday expenses.
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The Mysteries of Compound Interest
Another choice is to reinvest your weekly gains rather than remove them, which will increase your profit. The account can be set up so that interest collected is added to your deposit, increasing the return received the following period.
Combining a long-term holding strategy with the power of compound interest is the greatest approach to make money from your cryptocurrency investments, and the compounding frequency is the key factor to consider. Your returns will increase as interest is compounded more frequently; monthly compounding is preferable to quarterly compounding. Also, HEXN provided its members with weekly compounding, which are currently uncommon terms for making crypto savings.
Paying in Advance
We are aware of how crucial it is to feel secure when making financial decisions. In order to allow you to get some of your interest income immediately after opening a savings account without having to worry about the reliability of our lending platform, we built an Advance Payment function into HEXN. The higher the interest rate and the more money you can collect today, the longer the period of your deposit.
You can see on our platform that some currencies are identified with a distinctive green flag, signifying that Advance Payment is offered for the asset.
Safe keeping
We employ an integrated strategy integrating a number of the most cutting-edge techniques and technologies, such as multisig wallets and automatic transfers from hot to cold wallets, to maximise the security of holding our users’ cash. We employ the following techniques to add more security layers:
Our hierarchical deterministic wallet enables us to save a little amount of private information.
The vendor’s repository and our private data repository are no longer at risk thanks to distributed datasets because it is impossible to duplicate sensitive information using only one source.
In the event that the vendor’s work is suspended or we are unable to access our infrastructure due to an emergency, Shamir’s secret sharing provides a backup alternative for regaining access to the assets on hot wallets.
Other Qualities
The public was recently introduced to HEXN’s Smart Exchange, a function that combines trading and lending to enable the conversion of various coins while also generating considerable profits. The site has introduced the option to deposit cryptocurrency using a standard bank card, as well as a mobile app for Android users and a Proof-of-Reserves page that is routinely updated. The company intends to give the crypto community more cutting-edge products and services; currently under development are trading bots and loan services.
