$REX — Hybrid-interest. Blockchain. Certificate of deposit.

The world’s first random-based hybrid-interest blockchain-secured certificate of deposit is about to be deployed.

REX introduces PROOF OF CHANCE and HYBRID-INTEREST and delivers more flexibility to known staking / time deposit models.

Photo by Pierre Borthiry on Unsplash

With the appearance of cryptocurrencies, people are now able to store, send, borrow and lend values ​​without permission and free of middlemen. A smartphone and an internet connection are all you need to do all of this. Dare to say it is one of the greatest inventions and movements that have existed since the invention of the Internet.

Within these cryptocurrencies, the Ethereum blockchain ecosystem recently stood out through decentralized finance (“DeFi”) and is experiencing an incredible boom with the above-mentioned functions and additional products such as insurances, lending, bonds, futures, certificates of deposit, and so on. We have recently seen a clear trend towards decentralization and digitization. It should be noted, however, that the majority of the world’s population has never heard of it or does not participate.

VOLATILITY PROBLEM
Compared to its apparent potential, blockchain technology is still in its infancy and its coins and tokens show a comparatively high volatility. This volatility, in turn, discourages many people from participating. Therefore, in this phase, one of the big goals should be to improve the usability and the frequency of use of the technology by reducing the volatility.

TRADING
Excellent articles have been written on why not to trade coins and tokens in order to make profit. The main arguments cited are statistics and examples that show that only a small fraction of traders is successful at all, that trading is associated with a disproportionately high risk, taxes are incurred, and that investment models like time deposits are far more lucrativeat least on average and after taxes — and hardly involve any risks. However, trading is still a big part of the market and the main cause of volatility.

Less volatility could be achieved, if holding (#hodl) of coins or tokens would be more lucrative, which may be achieved with the help of new models.

Stake your tokens — Get some good sleep!

BASIC MODELS
Recently it was observed that “certificate of deposit” models, such as $HEX or $AXION and others, are attracting more and more participants. Excellent basic models were created that offer good basic functionality. #HEX in particular is to be named here as the pioneer. Looking at its market capitalization, which recently stood at 5 Billion $USD, one could conclude that there is a need for safe and profitable deposits.

NEW APPROACH: PROOF OF CHANCE
As with any new technology, however, there are always circumstances that need to be improved. In particular, previous models are provided with one or more “Big Pay Days”, which lead to strong price fluctuations shortly before they are reached and immediately afterwards, because all participants know the respective date.
A new approach presented here is to replace the Big Pay Days with personal random Big Pay Days. Each participant receives their Big Pay Days at random — and not all participants on a specific day. One could describe the principle as “proof of chance”. In this way, the periodic fluctuations can possibly be completely eliminated.

NEW APPROACH: HYBRID-INTEREST
Another stabilization element could be a hybrid-reward model, in which both the token and the base currency of the blockchain, e.g. ETH, are awarded to the participants. A link to the base currency created in this way could provide further stabilization — at least against the base currency, which is worth a lot, when base currency rises while the staked token maybe doesn’t.

MORE FLEXIBILTY
Further functions that lead to higher flexibility and better usability than the existing approaches could be
1) the possibility to name a deposit (“Lambo”, “Children”, “Retirement” — whatever someone is saving for),
2) the possibility to withdraw interest before the deposit expires,
3) the possibility to send a deposit to another ETH address (donate, give away, or simply move it to another own address) and
4) the possibility to send many deposits in one transaction to save transaction costs (“gas”).

CONCLUSION
Blockchains and cryptocurrencies are relatively new technologies that are developing rapidly, have incredible potential and could be the beginning of a new era. Cryptocurrencies are already a functioning digital store of value and a frequently accepted means of payment — online and offline.

In order to improve the usability and frequency of use of cryptocurrencies, it is proposed to reduce the volatility of coins and tokens with new technical measures, here in relation to and using the example of certificates of deposits, using PROOF-OF-CHANCE (PoC) and HYBRID-INTEREST (HI).

Profitable HOLD models, embedded in well-designed user interfaces, might help to replace unhealthy trading behavior with sensible investment strategies in order to further stabilize the blockchain ecosystem.

The PoC-HI model described above is being developed. The ERC-20 token will be called “$REX” and the smart contract will be running on the Ethereum blockchain. [edit: due to ETH gas fees, REX has been deployed on Binance Smart Chain, as a first network] DYOR, read the ::REXpaper:: and consider taking part. The progress of the project and its launch time can be followed on the official website.

Website (main page): https://rex-token.com
Twitter (news): https://twitter.com/rex_token
Linktree (all links): https://linktr.ee/rextoken

REX is decentralized cryptocurrency and a Certificate of Deposit.