Created by early Bitcoin adopter Richard Heart,
HEX tokens are time stores made over the Ethereum platform. How it functions is that HEX tokens are typically locked up for a fixed period, which is for the most part, at any rate, one year, just for the holder to later get a portion of the rest of the tokens in a pool.
HEX is an ERC-20 token which implies that these tokens are smart contracts worked over the Ethereum platform. There are two different ways to get HEX. One path is by holding Bitcoin before the Bitcoin blockchain preview which was hung on December 2, 2019.
Source: TheCoinRepublic