What is YalaHEX?
YalaHEX (HEXY) is the first 🥇 tokenized 5555 days HEX staking ladder 🪜.
It allows you to pledge HEX to mint HEXY during a 30 days minting phase, and then redeem HEX & HDRN every year for 15 years!
YalaHEX is a smart contract for trustlessly pooling 15 HEX stakes laddered yearly. The pledged HEX pool is staked as follows:
- 14 yearly stakes of 5.555% of total HEX pledged laddered yearly.
- 1 stake of 22.23% of total HEX pledged for 5555 days.
To learn more, please read the
whitepaper.
Isn't HEXY a scam?
No.
We are aware that the HEXY ticker has been previously used by scammers. They could have built something nice with that ticker, but they are not around anymore.
If we don't use it for the first 5555 HEX staking ladder 🪜, why let other people use it for another scam?
This HEXY 🪜 ladder will be here for at least 15 years!
Is YalaHEX audited?
Yes.
YalaHEX has been audited by
Interfi and is secure. To confirm, please read the
audit.
Why not stake HEX on my own?
It is all about T-shares!
Staking on your own is not bad. If you are already a HEX staker, congratulations. You are an elite member of the hexican community!
But a HEX staking pool, especially YalaHEX, enables you to benefit from 2 bonuses in the HEX smart contract:
1- LPB (LongerPaysBetter), which means that the longer you stake, the more you make. This bonus pays 20% extra per stake year.
In YalaHEX, there are fourteen 5.555% stakes laddered yearly earning bonus yield. The last 22.23% stake for 5555 days maximizes this bonus the most.
2- BPB (BiggerPaysBetter), which means that the larger your stake, the more you make. This bonus pays more yield the more HEX is staked, capped at 10% for stakes of 150,000,000 HEX.
In YalaHEX, the number of stakes reaching that limit will depend on the amount of HEX pledged during the 30 days HEXY minting phase.
If you stake on your own, you are probably not benefiting from these bonuses, and you are definitely paying more Ethereum gas fees.
What does Yala mean?
Yala has numerous different meanings, depending on the geography and the context of the reader, speaker and listener.
For example:
- Yala is a goddess in the CrossGen comicbook series The First.
- Yala is the name of a 2013 song by M.I.A. and a 2018 album by Genetikk.
- Yala is a genus of moth in the family Geometridae.
- Yala is the name of many places in the world, including a village in the Ivory Coast, a town in Kenya, a district in Nepal, a local government area in Nigeria, a national park in Sri Lanka, and an administrative capital in Thailand.
- Yala is the name of an African language spoken in the Niger-Congo area.
- In many languages like Arabic, Hebrew, and Turkish, it can mean "Let’s go", or "Let’s do it" and more, depending on the tone of voice and the context.
- In English, YALA is an acronym that can stand for many phrases, including "You Always Live Again", "Young And Lavish Aspirations", "Young Adult Leadership Alliance", and many more..
These are only to name a few..
Why is YalaHEX trying to copy HEX's website?
1- YalaHEX is built on HEX.
We want the YalaHEX website to have the same feel of HEX.com, while having a different content nevertheless.
2- If HEX.com is ranked as the 1st best website, we want YalaHEX.com to be ranked as the 2nd best website.
Other
When launch?
1- Our first priority isn't to launch as soon as possible. It is to make sure the smart contract will run safely and securely for the next 15 years.
2- We want to make sure that if a hexican did not pledge any HEX during the minting phase, it is not because he didn't hear about it or didn't understand it, but because he deliberately decided not to do so.
3- We believe that deploying on PulseChain testnet and taking people's feedback prior to launch will both boost reputation and open doors for improvements. The possibilities are limitless!
Is this launching on Ethereum or PulseChain?
YalaHEX must launch on Ethereum, so that every holder will receive a copy of his HEXY when PulseChain launches.