Popular exchange platform Bitcoin.com has caused a bit of confusion in the crypto community after it announced its listing of an asset that many believe to be fake. The exchange made the announcement both on Twitter and also on a publication on its official website. The value of the controversial token has dropped in response as the HEX/BCH has lost 64% and HEX/ETH has dropped 57%.
The post explains that HEX is an Ethereum-based smart contract that enriches HEX token stakers with interest paid in the same token. The platform seeks to pay out tokens to holders and not just miners.
The HEX platform has been quite controversial since it launched, especially because it advertised gains of about 10,000x in just about two and a half years. Also, it was later reported that the founder Richard Heart used to be a notorious internet scammer who had a large ring of compromised lawyers and judges and was popularly known as ‘Spam King.’
Bitcoin.com suggests in its tweet that it’s aware of the controversy and decided to list the token, “giving anyone who wants to trade it a secure venue to do so.”
HEX has also promised to give people free tokens just for proving that they have Bitcoin. It has also been said that Heart is the sole-owner of HEX’s origin address, which somewhat ensures that a year after its launch, the founder will be in control of about 45% of the platform’s entire supply.
Reactions to Bitcoin.com’s listing have not been favourable as the crypto community is still expressing surprise and shock, at the listing. With repeated cases of crypto scams, the fact that people are a bit hesitant is unsurprising.
Image Credits: Pixabay
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