Enter Maximus
The new community projects coming out for Hexicans, by Hexicans is astounding. Some of them do the same sacrifice tactics that were successful for Pulse and PulseX, sacrificing for free speech and freedom of movement, aka the anti-ICO way, and some of them allow you to mint their coin for free just by participating in the HEX ecosystem. All of these projects, including RH direct products like Pulse and PulseX, indirectly support and demonstrate even more pumpamentals for HEX. Remember that! Everything goes back to the origin, the thing that incentivizes healthy behavior (not trading, delayed gratification, money, respect, health) and what feeds people hungry for wealth and a sense of community: HEX. But as much as we love HEX, let’s discuss this new community project whose idea has a lot of promise.
Today we’re featuring Maximus, a new mintable MAXI token that just passed audits (very important for DAOs) and whose purpose is to reward the fine folks in the 5555 club. Maximus is a smart contract that facilitates trustless pooling of max length HEX stakes, meaning that you can stake HEX in a pool and earn MAXI tokens, without having to wait the full 15 years for it to become accessible + interest, or 7.5 years just to access the principle. Yet another way to incentivize people to lock up coins longer while exclusively giving them other coins to hold or sell in the meantime. This idea of relieving sell pressure from HEX by making it more palatable to lock up coins longer, and “just sell this other coin if you need to” has really been trending lately!
Here’s a few benefits for using Maximus
Maximizes your HEX stake and therefore yield
Gas fee savings
Available to hold or sell on the open market
Liquidity for your HEX without selling it
Audited with no critical bugs found
MAXI will of course be available as an ERC-20 and PRC-20 once Pulse launches. It will go through a 30 day minting phase which makes up 100% of it’s supply. No premine, no admin keys, no sacrifice phase: just more 5555 action and saves a ton of gas fees by making one big 5555 stake with all the pooled HEX that was used to mint the MAXI token. You use Maximus to lock up your HEX and mint MAXI 1:1, so if you use it to stake 1m HEX, then you get 1m MAXI. You still own the HEX, but just can’t touch it until the pooled stake ends, but you can use the MAXI you get in the meantime to do with as you wish. When the 5555 stake ends, you can redeem HEX + bonuses + Hedron for whatever MAXI is worth, likely much more than the original 1 MAXI:HEX ratio. It’s like you’re betting on the future value of Hex! According to their twitter account, “Whoever holds MAXI when the stake ends will be able to redeem that portion of the HEX principle + interest and Hedron.” — very cool!
There’s also talk on the stream with CryptoCoffee about future pooling of MAXI coin(s) and how they may be used in different staking pools, Hedron support and the developer mentioned that the minting phase will likely begin in a few days. I’m sure we’ll hear more about it soon, but to get the basics in the meantime, I’d recommend this blog post and this explainer video, stream clip and explanation by the founder to gain an even better understanding. Long live HEX and community projects supporting it!
