Post
Topic
Board Tokens (Altcoins)
Re: HEX - First Blockchain Certificate of Deposit - DeFi
by
tperkara
on 29/10/2020, 17:00:06 UTC
When fiat currency is placed in a certificate of deposit in a bank then the bank lends out that capital to create economic activity.  When Hex is staked then what economic activity happens?

Nothing, and you get more tokens after they hold it for a certain time.
staking is generally to keep the network running and growing so when you deposit some money here you are helping the network itself to remain stable

Please correct me if I am wrong  Grin