Andreas Antonopoulos says he was supplied 10 BTC for an interview with the target to present that Hex shouldn’t be a rip-off. The alleged provide comes as Hex proponents battle persistent Ponzi allegations. Antonopolous, an influential cryptocurrency advocate, additionally reveals the provide 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 worth. It can also be designed to leverage off the rising defi ecosystem in cryptocurrencies throughout the Ethereum community.
Instead of taking part in alongside, Antonopolous determined to expose the clandestine provide through Twitter, leaving the undertaking backers in an ungainly place. The main cryptocurrency advocate ends the tweet by asking his followers to draw their “own conclusions.”
The submit instantly set off a storm with each supporters and opponents of the token buying and selling accusations and counter-accusations. For instance, one Twitter person generally known as The Greatcoin, weighs into the controversy by questioning Hex’s enterprise mannequin.
This person argues that Hex’s “business model is not sustainable” and he even goes so far as to name the undertaking a Ponzi.
The Hex workforce has strenuously denied this allegation.
Perhaps fearing Antonopolous could be tempted to take the provide, this Twitter person 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.”
Another person, Gucci reminded different customers about current occasions in defi and the way Hex compares:
“You guys simply noticed what occurred with Yams, do you actually suppose hex shall be any completely different? It’s simply an ERC-20 token.”
Other critics are extra scathing of their assaults. They insist the undertaking goes to collapse.
For its half, the Hex workforce has not been ready to 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 worth of the hex token.
The token final peaked in May in 2020 when the worth surged to $zero,006135 giving Hex a complete market capitalisation of $968.eight million. However, as Hex battles opponents, the worth of the token has been dropping since July 29, from $zero.0061 to $zero.002732 on the time of writing.
Meanwhile, Antonopolous’ feedback are doubtless to add stress on the token prompting Hex supporters to battle again. Some Hex supporters, like one Twitter person figuring out themselves as Allen Hena, accuse Antonopolous of unfairly focusing on crypto undertaking.
Hena argues “except it was Richard himself, undecided what this proves. I might give you 100 BTC proper now. This looks as if an assault on Hex truthfully.”
Richard Heart is the creator of Hex.
Meanwhile, Hena concludes by stating that “the Hex (team) has done more than others to prove it isn’t a scam.”
Another person 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 person 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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