Bootstrap Benefits
Why should you participate in the Hex One Protocol Bootstrap phase?
Bootstrapping means you are actively helping the Hex One Protocol gain collateral at launch. Not only do you get $HEX1 but also an extra incentive token, $HEXIT.
Bootstrapping is a mix of sacrifice and airdrop. It essentially means that the Hex One Protocol is the ultimate benefactor and not the team. Only 25% of the bootstrap funds go into liquidity, the remaining returns to the user in HEX1 tokens.
There are many benefits to bootstrapping:
Benefit | Why is good | What you get |
---|---|---|
Your Bootstrap is transformed in Hex One collateral | When you deposit, 75% of the tokens you send are deposited into Hex One vault | Claim $HEX1 in porportion to your sacrifice share |
Your dposit is transforrmed into liquidity | When you participate, 25% of the tokens you deposit are used for liquidity HEX1/DAI. Higher liquidity = higher probable stability | A way to convert from Hex1 into DAI from ETH and vice-versa |
By participating you can claim the incentive token, $HEXIT | Hex One Protocol stablecoin has an embedded incentive token | Claim $HEXIT in porportion to your bootstrap share + airdrop |
Claim Hedron and Com tokens | By participating in Hex One protocol, participants don't lose their free HDRN and COM tokens | Once the t-shares mature, users must claim HEX. They also receive $HDRN and $COM tokens automatically |
You are making HEX scarcer! | By sacrificing you are converting HEX or other non-HEX tokens into T-SHARES. This makes less HEX available in the market | You stake your HEX for the maximum duration while enjoying borrowing against its USD value |
Only bootstrap using our official dApp. If you send tokens directly into the contract you may not be eligible to claim your $HEX1 and $HEXIT tokens.
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