With the growing development of the financial sector in our world, many new ways are emerging that help people to generate a passive income. One such is trading or investing in cryptocurrencies, it has become increasingly popular in a few years with more and more people investing or trading in digital assets like Bitcoin (BTC), Ethereum (ETH), and many more. Due to this high demand for cryptocurrency trading, more and more new cryptos are continuously emerging in the list of available cryptocurrencies.
In this article, we will talk about Hex.com (HEX), one of the most popular and newcomer in the list of blockchain-based cryptocurrencies available in the world. It was established with the aim of launching a project that resembles a CD (certificate of deposit) in the banking system.
In our further content, we will cover some benefits of investing in HEX tokens and steps that will help you to stake your HEX token with MetaMask.
Benefits of investing in Hex.com (HEX):
There are several benefits of investing in the hex.com token HEX for its users. We have mentioned some of the most common benefits which are as follows,
- One of the most common benefits of investing in HEX is, it allows its users to stake their tokens for a period of one day to 5555 days.
- Hex.com has a maximum supply or number of tokens (HEX) of up to 633.5 billion out of which 173.4 billion are in circulation.
- It utilizes PoWa (Proof-of-wait) protocol, which allows traders or investors to stake and earn interest on their investments in the HEX smart contracts.
- It uses a high-speed transaction processing engine that can easily handle over 2000 transactions per second.
- One of the most significant benefits of investing in the hex.com token HEX is its higher interest to its stakeholders, which is up to 38% annual percentage yield (APY).
Steps to stake your HEX token with MetaMask:
We have mentioned below an easy step-by-step guide that will help you to stake your HEX token with the MetaMask extension within a few simple steps.
- In the first step, open your preferred web browser and then visit go.hex.com.
- Click or tap on the “Connect” button located at the top right corner and the pop-up section will appear on your screen by MetaMask.
- Click on the “Next” and then “Connect” button in the pop-up section.
- Once your MetaMask is successfully connected, click on the “Stake” tab located at the top menu bar.
- Now enter the amount of HEX token that you would like to stake in the “Stake Amount in HEX” text field.
- After selecting the amount in the previous text field, select the length of days for your staking period in the “Stake Length in Days” text field.
- Click or tap on the “Stake” button after reviewing the stake bonuses.
- In the last step, you just have to confirm the transaction with your MetaMask wallet in order to finish the process of staking your HEX token.
Tip: you will earn more when you stake more and for a long period of time. When you stake for more than 3641 days, then you will be able to earn 3x more.
Final thoughts:
Overall, the process of staking hex.com token HEX with MetaMask is simple and straightforward. But if you don’t know how to stake HEX then follow the steps in the correct way mentioned by us in our above content. Along with that, it is the best option for investment in crypto as compared to other digital assets, investors can earn up to 38% APY and can stake for a long period that is up to 5555 days.