Hex is easily, the most controversial crypto analysis project the Veritaseum research team has performed to date. This analysis is sure to make some waves. It contains a project overview, detailed project description, a strengths section, risks and liabilities and a token valuation. The "Risks and Liabilities" section is sure to turn some heads.

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Importantly, it should be noted that we are not declaring HEX a Ponzi scheme. We are not lawyers, and such a declaration requires a legal conclusion better suited to be resolved by the courts. However, from a forensically analytical investor’s perspective, this issue is deserving of very careful consideration to avoid unanticipated events that can severely affect an investment. Below, please find an illustration of a hybrid Ponzi/Pyramid scheme, with characteristics of a typical Ponzi scheme on the right and the characteristics we perceive to be inherent in HEX on the left.

 It is common for many to conflate the terms “Ponzi scheme” and “pyramid scheme”. A Ponzi scheme, as noted above, involves a promoter who has no real investment opportunity. The promoter simply collects payments from a stream of investors, promising them all the same high rate of return on their investment.