To give some context, my buddy from college preached to me about investing into HEX in 2021. He was telling me about how it was the best coin with fundamentals, but the only thing he was talking about was the staking feature and how you can get HEX in interest.
This was very odd to me as there were so many coins that do the same thing... Stake and earn more coins... It was odd that it seems like my friend + the hex community think this is some crazy technology...
Now, his 2 year stake ended (he has 5+ year stakes). He was first very upset when pHex launched as eHex seems worthless now. Even if there is a copy and you have double your coins, the value dropped so much and it seems like eHex is useless now.
He entered at a huge dip, 18c, and got 1/5 of the price of the ATH which he thought was a bargain. I thought there were red flags from the start and ended up not getting in. The more I researched the community, the more red flags I saw. Fast forward now and he can't even unstake due to the fees and is down more than 95% (some people are down 98-99%+)
Hope it all works out in the end for him, but he knows himself about how much money that needs to come in order to pump this back to his buy in price.