What is Hexagram?
Hexagram is a decentralized platform for creating and trading customizable synthetic assets. These synthetic assets are built on top of existing blockchain protocols and can be used to track the price of virtually any asset, including stocks, commodities, and cryptocurrencies.
How does Hexagram work?
Hexagram uses a unique combination of on-chain and off-chain data feeds to ensure the accuracy of its synthetic assets. These data feeds are provided by a decentralized network of validators who are incentivized to provide accurate information. Users can create their own custom synthetic assets by specifying the asset they want to track, the collateral they want to use, and the expiration date of the asset.
What is the HEX token used for?
The HEX token is the native cryptocurrency of the Hexagram platform. It is used to pay transaction fees and to incentivize validators to provide accurate data. Additionally, users can stake HEX tokens to become validators themselves and earn rewards for providing accurate information. The HEX token can also be used to purchase and trade synthetic assets on the platform.