I think this is how HEX works
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There are 3 ways to get HEX tokens:
1. You sign Bitcoin addresses (proving you own Bitcoin) and enter it into the smart contract
2. You give Ethereum to the smart contract
3. You buy on exchanges
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Smart contract UI:
https://go.hex.win/=
So how does the referral system work?
You install an Ethereum wallet and generate an Ethereum address
Then you add your address as a parameter to the hex website link
https://hex.win/?r=YourETHaddressThen you get people to click it, and when they do, it puts a cookie on their computer with your address
and then when the person goes to get HEX tokens
by doing 1 or 2 above (signing BTC or giving ETH) with the smart contract UI
you get a 20% bonus of that HEX and they get a 10% bonus of HEX
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Read Contract and Write Contract:
https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39(I see a "referrerAddr" field for the btcAddressClaim and xfLobbyEnter functions)
Contract Code:
https://etherscan.io/address/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39#code====
BiblePay could do a UTXO snapshot/claim/sign thing, I think you've talked about potentially doing this for DASH coin
And something interesting HEX did as a twist, they made 90% of the free coins from claiming/signing BTC, automatically stake for 365 days, so that people couldnt immediately dump their free HEX coins on the market
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So on the "giving ethereum" thing, I believe Richard is getting all that money directly, he never says who owns it, never promises anything, never talks about the money, and says to have no expectations
I dont understand the legal stuff,
here is the disclaimer:
https://hex.win/disclaimer.html =
NOTE: Richard Heart may own 50% of HEX
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57=
Hope this helps!