Mark Wild finally died in Nana Plaza, Bangkok desperately edging for the "God Candle" that never showed up.
Blue-balled to death by crypto for the last time while Thai strippers celebrated with condom fireworks over his corpse. Died waiting, hopeful, and coping.💀📷
🕯️
In a longterm, I remain fully bullish on Richard Heart and the entire ecosystem: Here’s why:
• SEC lawsuit fully dismissed in 2025 with no findings of wrongdoing — major precedent set for decentralized projects
• ProveX token has launched, with its product in the works at ProveX. com— a CEX killer on the way that brings peer-to-peer on/off-ramps, removing centralized exchange dependency
• INC token inflation cut 10x, creating real scarcity and long-term value for current holders and dip buyers.
• PulseX deflationary mechanics through automated buy-and-burn from trading fees on an ultra-low-fee DEX
• PulseChain delivering high-speed, low-cost Ethereum fork performance and true DeFi accessibility
• HEX staking yields were cut massively a year ago specifically to stop short-term players from dumping the price, but long-term holders are still positioned to be rewarded through future price increases
• Massive ecosystem liquidity and fair distribution built across the board
• Resilient global community continuing to drive innovation, liquidity, and support through every market cycle
• Richard Heart’s proven track record of execution across every project in the stack • Strategic synergies between HEX, PLS, PLSX, INC, and ProveX that position the whole ecosystem for the next leg up in a maturing DeFi landscape
Still in. Still building. 🚀
PulseX V1 INC issuance got NUKED for the FIRST time ~1 year ago (early 2025, right around the big OA HEX stake)! 🔥
Goal? Slash APRs to stop regular dumpers from farming LP rewards and suppressing/dumping prices. Thinning liquidity for easier price movements.
Rewards then (pre-cut):
- 50–500%+ APR on V1 farms (PLS/HEX, PLS/PLSX, etc.)
- Now (Apr 2026, after cuts): Near zero (single digits max — only ~26 INC/day total)
- INC emissions drop: - 95% to -99%
Prices since the first nuke (~1 year):
PLS, PLSX, pHEX, INC - all -80% to -89% 📉 anyway.
So… how’s that whole “stop the dumpers” operation working out for everyone?
6 million wallets is thousands of new real users—cheap customer acquisition.
- **Realistic case**: Most treat it as dust and ignore it. The holder count stays inflated forever (inactive wallets keep counting as holders), which continues to look good on trackers. HEX stays top-of-mind for a while.
- **Downside/risk**: Critics call it "fake holders" or spam (this happened with a similar 100-HEX airdrop years ago). Some wallets may see it as annoying dusting. But because it's not malicious and HEX is an established token, it doesn't trigger the same scam alerts as random shitcoin airdrops.
In crypto, **perception often drives price more than fundamentals in the short term**. This tactic is low-cost, high-reach marketing that directly attacks the two biggest visibility metrics: holder count and wallet-level awareness. It's the same reason some meme coins or projects do massive low-value airdrops—it's cheap advertising that works in this ecosystem. Whether it leads to sustained buying or just temporary hype is the open question, but the immediate goals (visibility + metrics) have clearly been hit.
OA staked most HEX on ETH & PulseChain on Feb 3, 2025 for the first time.
Then vs Now (Apr 2026):
• eHEX: ~$0.00221 → ~$0.00064 (-71%)
• pHEX: ~$0.01242 → ~$0.00132 (-89%)
I’m glad it stopped those nasty short term stakers from dumping on our heads. Bullish! 📉 #HEX
Here you have an objective AI spin on this with which I don’t disagree entirely apart from what I said above:
**This is a classic (and very deliberate) large-scale promotional airdrop / "visibility dusting" tactic in crypto.** Someone (a wallet connected to the HEX project, based on on-chain analysis and community discussion) is sending tiny amounts—mostly 1 eHEX (Ethereum HEX), sometimes up to ~$1 worth—to millions of random/active Ethereum wallets. At current prices (~$0.00063 per HEX), 1 HEX is worth about 0.06 cents, so the token cost for 6 million distributions is only a few thousand dollars (plus gas, which is the real expense but still feasible for a committed whale or project-aligned party).<grok:render card_id="79d7e4" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">11</argument></grok:render>
### What the strategy is *supposed* to achieve
The goal isn't to give people meaningful value or "reward the community" in the traditional sense. It's **pure marketing and metrics hacking**:
- **Explode the holder count** — Crypto trackers (Etherscan, CoinMarketCap, DexScreener, etc.) prominently display "number of holders." Jumping from hundreds of thousands to millions makes HEX look like one of the most widely distributed tokens on Ethereum. Right now, eHEX has **over 7.3 million holders** on Etherscan / CoinMarketCap, with the vast majority of the recent surge coming directly from this airdrop.<grok:render card_id="42d8b4" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">31</argument></grok:render>
- **Get HEX in front of people's eyes** — Most wallets (MetaMask, Trust Wallet, etc.) auto-detect and display ERC-20 tokens. Recipients open their app, see the HEX logo and ticker they never added themselves, and think "What the hell is this?" That curiosity drives Google searches, Twitter/X posts, and YouTube views.
- **Create organic social proof and FOMO** — When thousands of people start tweeting "I just got free HEX in my wallet," it snowballs. Videos are already calling it the "largest grassroots airdrop experiment in crypto history" and hyping the holder-count milestone. Even if most people do nothing, the *narrative* spreads.
- **Re-introduce or onboard new users** — HEX has a very specific product (staking for high yields via "staking" / "sacrificing" tokens). A tiny free bag gets the token into wallets of active ETH users who may have never heard of it or forgot about it. A few curious ones will research staking, buy more, or at least remember the name.
### What it *can* actually achieve (and how effective it is)
It **is** effective—especially in the short-to-medium term—for exactly the reasons above. We've already seen:
- Holder count rocketed by several million in a matter of days/weeks (videos from early April 2026 were already talking about +2.5M new holders and "nearing 3 million"; it's now past 7 million).<grok:render card_id="860f3c" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">16</argument></grok:render>
- Real on-chain activity: Some wallets are interacting (a small percentage sell the dust, a tiny handful even buy more). One recent analysis noted a couple of wallets buying hundreds of thousands to millions of HEX after receiving the airdrop.<grok:render card_id="c5ae86" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">1</argument></grok:render>
- Buzz: YouTube streams, X posts, and community chatter are all amplifying it. Phrases like "imagine opening your wallet and seeing your FREE HEX pumping" capture the psychology perfectly.<grok:render card_id="f97fdf" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">26</argument></grok:render>
**Longer-term effectiveness depends on conversion**:
- **Best case**: A non-zero percentage of recipients get curious enough to stake, buy more, or become holders. Even 0.1–1% conversion on
PulseChain (pHEX)
- Overall / Average APY: ~3.92% (this reflects mostly long-term stakes; average stake length is ~9.75 years, with ~92.8% of supply staked).
- 1-year stake: Roughly ~2.0–2.5% effective APR.
- 1-month stake: Much lower — typically ~0.3–0.8% annualized (exact figure depends on current T-share rate and total shares).
Ethereum
Yields are very similar right now (T-share payouts ~1.57–1.64 HEX/day per T-share, staked % also ~92–93%). Short-term APRs track closely with pHEX.
Key notes:
- These are effective annualized yields assuming you hold the full term (no early end-stake penalties).
- Daily T-share payouts are currently ~1.6–1.7 HEX per T-share (varies slightly day-to-day).
- Yields have stayed low since the big OA stake events in early 2025 because so much HEX is locked up.
TLDR: short-term staking (1 month or even 1 year) currently offers very modest single-digit APRs — nowhere near the high yields HEX had in the early days when far less supply was staked.
Now, go on and shill it brothers! Onboard like there is no tomorrow! It’s never been easier! 🙃
@TheGreat0x@SpaceAuctions I can't recall how many times I've read that before. Sadly I am not important enough for my "capitulation" to be anywhere close to a bottom signal! ;-)
What shall I look at next? How HEX's yield slashing and INC issuance reduction stopped these nasty short term stakers and liquidity providers from damaging the prices for 12+ months now? 🙃
I'm way beyond acceptance. I pretty much moved on to other things and projects. I'm not selling my bags for the same reasons I don't sell my used stuff. It's not worth enough to bother! ;-).
If it grows in value - great. Happy for the new investors. I was once a new investor and did well. I wish them all the best.