Hilux, an undervalued and innovative next-gen cryptocurrency.

Hilux, an undervalued and innovative next-gen cryptocurrency.

By SatoshiStacker | CryptoAnalyzer | 20 Aug 2019

$0.07 tipped


Hilux Basic Research

In our search for good altcoins, we encountered Hilux, a peer-to-peer decentralized crypto-currency with a supply of only 21,000,000 HLX, allowing for easy value comparison with market leader Bitcoin. However, Hilux offers extra features compared to Bitcoin: Hilux is a Proof of Work Hybrid coin with an X16r algorithm and its blockchain offers Hilux Masternodes to investors with an annual ROI of 460,75%. Still, with a MN collateral of only 1,000 HLX, a Hilux masternode is affordable for even smaller investors and is currently priced with a huge bear market discount at only 0.00230 BTC. It positions Hilux for a huge rally in the coming altcoin bull market.

Hilux Detailed Research

After our basic research, we decided to learn more about this promising coin and joined the Hilux discord server, where we were easily able to find all the necessary tools to do our more detailed research before investing in the project.

Another important tool for any investor is to check out whether the crypto project has an ANN thread. Hilux offers all the basic information and more on its official Bitcointalk ANN thread, another important item on our checklist.

You definitely need to check the Hilux coin specifications [fig 1.], as they will give you a good idea of important coin details like the 21,000,000 HLX maximum coin supply, the X16r algorithm and the ticker (HLX), allowing you to find the coin on exchanges (CryptoBridge and Escodex).

Hilux Genesis Block

The Hilux Genesis Block dates from 2018–07–13 22:38:58 and we can, therefore, conclude that the developer who started this project didn’t abandon it when times got tough. Known in the crypto community as swatchie-1, the lead dev stayed on board the ship and continued developing his project. This resulted in a wide range of extra coin features and a lot of information for us to research.

Unique to the Hilux discord server is the huge amount of links to important and useful information: the lead dev has posted 30 links and added an extra 29 links to external sources offering information regarding the Hilux project.

Compared to most other cryptocurrency projects, the effort to create user-friendly guides is a bonus for every new investor or community member. Hilux comes with a masternode setup guide, a how-to mine guide, and a mobile wallet guide. The links are posted on the Hilux discord server.

So what does Hilux offer to an investor?

Besides the amazing ROI (return on investment) of 460,75%, Hilux also offers a wallet for each investor, with a wide range from Windows, Mac, Linux, Web, Raspberry Pi, and Discord wallet, to even an excellent and user-friendly Android Multi-Wallet. Hilux is well prepared for the next phase of crypto storage and payment: mobile phones. Whatever wallet you choose, your coins are always safe in a Hilux wallet.

For non-masternode investors, Hilux offers a decent 40% Block Reward for mining HLX. 60% of the Block reward goes to the Masternode Investors, as they play a more crucial role in keeping the Hilux Blockchain safe, compared to the secure mining that also discourages any hackers.

In other words, given a block reward of 20 HLX: 12 HLX goes to the Masternode owner who will take turns to receive it and 8 HLX will go to the miners which depend on their hash rate.

Because setting up a Hilux masternode or any other masternode for that matter, is quite difficult for new crypto investors, the Hilux Team created detailed Masternode Step By Step Setup Instructions. They can be found at the bottom of this article and also on the discord server.

Furthermore, Hilux has a vibrant community, where an investor can keep track of the project’s new developments and even talk to the lead developer, the team members, and the community, who will always transparently reply to your questions.

The Hilux iOS wallet is already in the app store! This project focusses on innovating as it goes forward.

The Hilux Marketing Plan

To create this great community, Hilux had to invest a lot of time, funds and effort into its marketing plan, which not only included several social media but also posting their coin sats on crypto websites like Masternodes Online, Coingecko, and many others. The lead dev also gave an interview which is posted on youtube and lots of people did a coin review. Hilux offers its community and investors three superior block explorers and a masternode installer script. On top of that, the Hilux project has a unique marketplace.

The Hilux Marketplace

Hilux aims to become a payment solution in the retail market. To enter the retail market, Hilux needed to develop a safe mobile wallet application. This resulted in Hilux’s development of the Hilux Android Multi-Wallet [fig 2.], groundbreaking technology and one of the market leaders in this field.

To allow for adoption by the retail sector, Hilux has decided to respect the well-known industry standards, like QR code scanning. We believe that the just started crypto bull market will lead to more practical solutions that allow people to use cryptocurrencies as a medium of exchange and not only as a speculative asset. Crypto will replace fiat and this will result in retail adoption, allowing people to pay with cryptocurrencies for goods and services. To prepare for this coming demand due to an expanding crypto infrastructure, Hilux has taken a progressive strategy by working ahead of the curve and focussing strongly on mass adoption.

Conclusion:

Hilux is an affordable masternode cryptocurrency, led by a well-known developer, swatchie-1, who is dedicated to developing the Hilux project towards adoption within the retail sector. During the bear market, when many developers left their projects for dead, swatchie-1 set out to further innovate and become a market leader by developing a safe mobile wallet application, called the Hilux Android Multi-Wallet [fig 2.] The future of crypto will definitely be tied to its coming adoption growth withing the blockchain mobile wallet industry. We believe this will benefit this project going forward. Hilux is listed on two major exchanges.

Exchanges:

CryptoBridge: https://wallet.crypto-bridge.org/market/BRIDGE.HLX_BRIDGE.BTC

Escodex: https://wallet.crypto-bridge.org/market/BRIDGE.HLX_BRIDGE.BTC

Important links:

Website: http://www.hiluxcoin.com/

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4780650.0

Explorer: http://explorer.hiluxcoin.com/

Github (source code): https://github.com/swatchie-1/hilux

Masternode Setup Guide: http://www.hiluxcoin.com/masternode-installation-instructions/

Hilux iOS Wallet: https://apps.apple.com/us/app/hilux-wallet/id1471768523?ls=1

Hilux Paper Wallet: https://paper.hiluxcoin.com/

Disclaimer:

I am not a professional investment adviser, this is not financial advice. This is not a solicitation for you to invest in this project, but merely a review and first insight document.


SatoshiStacker
SatoshiStacker

I am in my 30-ties and completely in love with monetary policies and architecture, financial markets, cryptocurrencies and more. I have a passion for writing and sharing content, as well as learning more about crypto and its vibrant future.


CryptoAnalyzer
CryptoAnalyzer

In this blog, I will review several crypto projects. They'll offer you the first glimpse of these project, but you'll need to do your own research. I am not a financial advisor, this is my own analysis, you'll need to make your own homework!

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