Bootstrap Benefits

Why should you participate in the Hex One Protocol Bootstrap phase?

Bootstrapping means you are actively helping the Hex One Protocol gain collateral at launch. Not only do you get $HEX1 but also an extra incentive token, $HEXIT.

Bootstrapping is a mix of sacrifice and airdrop. It essentially means that the Hex One Protocol is the ultimate benefactor and not the team. Your sacrifice will be transformed into $HEX1 that you can claim.

Unlike the common "borrow" function where users can re-borrow against their already deposited collateral, in the bootstrap sacrifice the escrow contract will automatically re-stake the originally staked $HEX. During the staking period, it is not possible to re-borrow.

There are many benefits to bootstrapping:

Benefit	Why is good	What you get
Your sacrifice is transformed in Hex One collateral	When you sacrifice, 75% of the tokens you send are deposited into Hex One	Claim $HEX1 in porportion to your sacrifice share
Your sacrifice is transforrmed into liquidity	When you sacrifice, 25% of the tokens you send are used for liquidity against DAI from ETH. Higher liquidity = higher probable stability	A way to convert from Hex1 into DAI from ETH and vice-versa
By sacrificing you can claim the incentive token, $HEXIT	Hex One Protocol is the only stablecoin with an embedded incentive token.	Claim $HEXIT in porportion to your sacrifice share
At the end of the stake maturity, the escrow contract re-stakes $HEX and distributes $HEX1 to sacrifice participants	Sacrifice participants will receive 100% of the re-stake $HEX, in the form of $HEX1 - for perpetuity (done automatically by the escrow)	Claim $HEX1 in porportion to your sacrifice share re-stake

Only sacrifice using our official dApp. If you send tokens directly into the contract you may not be eligible to claim your $HEX1 and $HEXIT tokens.

Once the sacrifice ends, you have 7 days to claim your HEXIT + HEX1 tokens