Justin Bons, the founder and CIO of European crypto fund "Cyber Capital", claims HEX is a scam that is designed to enrich its founder (Richard Heart) through "Ponzinomics".
In his support, Justin has argued that HEX does not generate its own revenue and relies on new investments. It will fall in value if new investors are not found. Justin also questions the claim of a massive return on investment and describes it as the potential for losses from locking up the token for a long time.
Bons vs Heart
HEX founder Heart criticised Justin, citing that any culture without new people and businesses without new orders also ends. He argued that everything collapses without new investment. But, Justin argues that real businesses are able to provide the service, and HEX is an ERC20 that relies on an external source of revenue without doing anything.
Public Reacton
Although Justin and Heart both have logic, people have divided opinion.
In Support of HEX - Gold, fiat currency, etc., don't generates their own revenue, only industries generate it. Every Crypto depends on investment.
In Support of Justin - HEX is not listed on any futures platform.
