Andreas Antonopoulos says he was provided 10 BTC for an interview with the target to point out that Hex shouldn’t be a rip-off. The alleged supply comes as Hex proponents battle persistent Ponzi allegations. Antonopolous, an influential cryptocurrency advocate, additionally reveals the supply was on situation he doesn’t disclose this inducement.
Hex is an ERC20 token launched on the Ethereum community in December 2019 and it’s meant to be a retailer of value. Additionally it is designed to leverage off the rising defi ecosystem in cryptocurrencies inside the Ethereum community.
As an alternative of taking part in alongside, Antonopolous determined to show the clandestine supply by way of Twitter, leaving the venture backers in an ungainly place. The main cryptocurrency advocate ends the tweet by asking his followers to attract their “own conclusions.”
The publish instantly set off a storm with each supporters and opponents of the token buying and selling accusations and counter-accusations. For instance, one Twitter consumer often known as The Greatcoin, weighs into the controversy by questioning Hex’s enterprise model.
This consumer argues that Hex’s “business model is not sustainable” and he even goes so far as to name the venture a Ponzi.
The Hex staff has strenuously denied this allegation.
Maybe fearing Antonopolous is perhaps tempted to take the supply, this Twitter consumer goes on to state that “one day (Hex) will burst like Bitconnect. If you want to risk your reputation, you can do (accept the offer) but when it bursts, you may be summoned by the court.”
One other consumer, Gucci reminded different customers about current occasions in defi and the way Hex compares:
“You guys just saw what happened with Yams, do you really think hex will be any different? It’s just an ERC-20 token.”
Different critics are extra scathing of their assaults. They insist the venture goes to break down.
For its half, the Hex staff has not been capable of shake off persistent Ponzi allegations regardless of mounting an intensive advertising marketing campaign.
It additionally seems that the incessant rip-off allegations may very well be affecting the price of the hex token.
The token final peaked in May in 2020 when the price surged to $0,006135 giving Hex a complete market capitalisation of $968.eight million. Nevertheless, as Hex battles opponents, the price of the token has been dropping since July 29, from $0.0061 to $0.002732 on the time of writing.
In the meantime, Antonopolous’ feedback are doubtless so as to add stress on the token prompting Hex supporters to combat again. Some Hex supporters, like one Twitter consumer figuring out themselves as Allen Hena, accuse Antonopolous of unfairly focusing on crypto venture.
Hena argues “unless it was Richard himself, not sure what this proves. I could offer you 100 BTC right now. This seems like an attack on Hex honestly.”
Richard Coronary heart is the creator of Hex.
In the meantime, Hena concludes by stating that “the Hex (team) has done more than others to prove it isn’t a scam.”
One other consumer rebuffs Antonopolous and even suspects “a bad actor wanting to portray Hex in a negative light, as this is not the first time you’ve made this kind of tweet.”
The consumer then infers that the Hex group “is very tight-knit, with no marketing department, and there’s been no mentions or rumors of this whatsoever, at least that I’ve seen.”
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