Bitcoin

HEX places ads in the UK claiming to have 11,500% profit

The controversial HEX token Richard Heart published one Advertising rollout in the UKPlace advertisements on public transport in London, in newspapers and during English Premier League football matches.

How reported Twitter user Metallic Elmo who In the series of football games on July 26, scrolling text was displayed behind the players. “The HEX price rose 11,500% in 129 days,” the ad said, instructing viewers to visit the ERC-20 token website.

Four months ago, on March 19, the Altcoin price was 0.0000359 Dollar, according to Cryptocurrency Analytics Site CoinMarketCap, versus $ 0.004394 July 26an increase of 12,139%.

HEX places ads in the UK claiming to have 11,500% profit
HEX places ads in the UK claiming to have 11,500% profit

The hexivivist user Publicity a photo of the same sentence in a HEX ad next to one of the London’s famous red double decker buses. In this announcement, it was claimed that the token was a “high-yield blockchain time deposit”. The official HEX Twitter account Publicity Photos of taxi ads, and HEX has also taken out newspaper ads.

HEX advert on the London bus

HEX advertising on a London bus. Source: Hexhivist

Many who are involved in crypto believe that HEX is a “scam”.

Many in the crypto community are extremely cautious with the token due to the high returns often associated with Ponzi programs and investment fraud. Some on social media compare HEX to the famous Ponzi Bitconnect scheme.

The HEX community is aware of the bad reputation of the token, with user u / Odins_kin post: “You can’t avoid HEX being a scam” ::

“I recently asked a family member in London to read one of the HEX ads in the newspaper. He replied that it was a scam after I googled him. In other words: New potential participants see it as a scam right from the start. This will kill HEX unless something is done“”

Expands quickly

Before February The HEX was so small that many crypto sites couldn’t measure it. According to CoinMarketCap, the token now has a market cap of over $ 1.5 billion, an increase of $ 500 million in two months. The token is currently near its all-time high of $ 0.0057 and is ranked 201st by CoinMarketCap.

The number of exchanges offering HEX trading has doubled since May from 9 to 18. Uniswap, the decentralized Ethereum exchange, shows that the 24-hour volume of HEX was $ 774,000, while at HomiEx it was nearly $ 243,000.

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