White Paper

ABSTRACT
A fully decentralized, frictionless, yield-producing token, on the
Ethereum Mainnet Chain. Offering automated DEFI rewards to
holders.

FairHEX token uses a fair system of taxing each token transaction

with a constant percentage. Increasing the permanently locked
Liquidity Pool´s supply, and redistributing HEX rewards to holders
to create further value for its users. It applies an automated, built-in
regulatory mechanism, to mitigate the risks of price inflation, and
gradually reduces the circulating supply outside of the Liquidity
Pool in proportion to transaction volume and frequency. At the
base of the FairHEX Token, is a unique reflector algorithm that
utilizes programmed intelligence to implement a fair and consistent
passive accumulation of HEX tokens directly to holders’ wallets.

FairHEX Token is also a unit for measuring ownership in the

FairHEX Decentralized Autonomous Organization (DAO): it
facilitates the fair operation of the FairHEX DAO and enables the
execution of non-hierarchical decentralized governance for the
propagation of decisions directed towards the achievement of the
DAO’s specified objectives. Finally, FairHEX will be required to
access any future blockchain-based decentralized applications and
smart contracts deployed within the ecosystem.
INTRODUCTION

History
The aftermath of the 2008 global financial crisis is arguably the
major factor that prompted the rapid research and development,
leading to the implementation of Bitcoin by the group with the
pseudonym Satoshi Nakamoto in 2009. Bitcoin was the first peer-
to-peer payment system utilizing decentralized open ledger
technology and cryptography for record storage and security,
respectively, as well as computational proof of work for record
validation and state consensus.

This innovation was swiftly followed by the creation of the

Ethereum blockchain, which added the capability to not only store
and transfer value on a peer-to-peer network, but also the ability to
store and deploy computer programs known as smart contracts.
Smart contracts opened the door to vast possibilities in
decentralization.

Smart contract-enabled blockchain networks like Ethereum, Tron

and Binance Smart Chain made it possible to develop numerous
abstractions of various traditional services within a decentralized,
peer-to-peer infrastructure, thus eliminating the need for trust or
mediating entities while also ensuring user security. Blockchain
smart contracts also bring the added robustness and immutability
of data that is guaranteed to implement desired logic rather than
depend on human activities, which are prone to error and
corruption.
FairHEX contracts

FairHEX Token
https://etherscan.io/token/0xed390c5f9df0d65eb7033e59dc1b0
944233c2a20

FairHEX Staking
https://etherscan.io/address/0xff448ed634d404d2b351c3427113
ef6865aea029
Reflect Finance Tokens

Among the various innovations made possible by blockchain and

decentralized technologies is the concept of reflector tokens,
implemented using smart contracts.

A Reflect Finance Token (RFT) is a digital unit of value (token or

digital currency) that is programmed to generate continuous token
rewards for its holders from the transaction fees realized from
network activities such as buying, selling, or transferring tokens.

FairHEX token is an excellent implementation of the reflector token

concept written using smart contract to manage and execute
transactions on the Ethereum Mainnet Chain. FairHEX token
($FairHEX) collects a 5% transaction fee for each and every trade.
It frictionlessly converts 50% of the taxed tokens that incur for
selling FairHEX tokens to the HEX token and distributes it to all
eligible wallets holding FairHEX according to the volume of FairHEX
held. A wallet is considered eligible as soon as it holds 100 FairHEX
or above. The remaining FairHEX generated from transaction fees
is contributed to providing trading liquidity.
100% of all taxes that incur when buying FairHEX are transferred to
the token contract, avoiding high transaction fees on the Ethereum
Chain. Custodian wallets are excluded from the list of eligible
wallets.
FairHEX’s taxation redistribution system is implemented using
smart contracts written in Solidity and running on the blockchain,
offering a transparent and independent automated passive rewards
stream for qualified token holders.
Supply and Token Distribution
The total supply of FairHEX is 21M, 90% of which was locked in the
Bonus Pool at launch; it has to be minted and pays a bonus to all
profitable stakes. 5% will be airdropped over time, and 5% will be
held in custodian wallets, LP, Marketing, etc.
There were ZERO eligible FairHEX tokens to receive reflection
rewards at launch.
Users of the platform stake HEX for 7/15/30 days to claim free
FairHEX. After 5 million tokens have been minted, the minting phase
ends, and the staking phase begins. Minting FairHEX is one of two
ways how the FairHEX token becomes part of the circulating
supply. The second way is the added Bonus APY that is paid to HEX
stakers. While the minting process finalizes after 5M FairHEX, the
Bonus APY will continue to be paid for all HEX stakes of any
duration, size and length.
Your HEX principal is left untouched (only bound by the rules of
official HEX staking) and serves as proof of participation. You are
not subjected to fees when you stake or unstake (ongoing,
completed, or late stake).

Token Distribution Overview

• 21 million FairHEX tokens broken down as follows:
o 90% to staking contract
o 5% to airdrop
o 5% to the custodian
• The minting phase runs up to 5 million total tokens minted
o Formula to calculate yield
o For 7 days, (principal / 514 + FairHEX yield + FairHEX
bonus + Hedron)
o For 15 days, (principal / 240 + FairHEX yield + FairHEX
bonus + Hedron)
o For 30 days, (principal / 120 + FairHEX yield + FairHEX
bonus + Hedron)
• The staking phase runs from 5 million total tokens minted &
onwards
o Formula to calculate yield = (FairHEX yield + FairHEX
bonus + Hedron)
Frictionless Infinite Yield
The FairHEX token algorithm enables the automatic and continuous
distribution of HEX tokens to every wallet that holds FairHEX. The
tokens distributed are generated from a 5% transaction fee levied
on every sale of FairHEX.

Fifty percent of the realized fee is automatically locked in the

FairHEX token liquidity pool, while the other 50% is converted to
HEX tokens and distributed as rewards to every eligible FairHEX
holder wallet according to the ratio of their holdings of the RFI
eligible supply.

The transaction fees and the redistribution of the tokens to holder

wallets are designed to encourage the long-term storing of FairHEX
tokens to maintain modest levels of market volatility. This system
creates an infinite stream of HEX token rewards for holders,
regardless of the trading price of FairHEX.
Auto Liquidity

One of the biggest issues cryptocurrencies faces is the acquiring of

liquidity. Most liquidity in the current phase of Defi is done through
farming. Users provide their tokens as liquidity in exchange for a
percentage of some of the exchange’s trading fees for the pair the
user provides. The model fails once users pull their liquidity after
rewards are no longer attractive. With FairHEX, this risk is mitigated
by the auto liquidity feature of the token smart contract.

As mentioned earlier, the FairHEX token smart contract charges a

5% fee on every transaction. It then indefinitely deposits 25% of the
realized fees as FairHEX tokens in the liquidity pool. It also
purchases an equal HEX value and adds the funds to the
permanently locked liquidity pool. The aim is to ensure market
solvency and therefore reduce the volatility of the FairHEX token in
the respective trading pair.
Tokenomics
Participating actively in the FairHEX minting process and aiming for
Bonuses paid from the Bonus Pool, a wallet has to stake HEX
tokens via the FairHEX platform into the original HEX staking
contract, endorsed by Richard Heart. When a stake has matured
and is profitably unstaked, the staking Rewards from that stake are
converted into FairHEX and thereby creating a continuous stream
of buy pressure on the FairHEX token supply of the Liquidity Pool.

On top of a stake´s regular HEX APR from the original HEX staking
contract, the FairHEX platform is adding a Bonus according to our
Bonus table. The bonus percentage begins at 40% until a staking
balance of 9,999,999 HEX and decreases gradually to 20% when
the total stake balance shows 200M HEX or more.

During the minting process, once the staking wallet successfully

confirms the startStake transaction on the Blockchain, it receives
its minted FairHEX credited instantly. The active participation for
the staking wallet during the minting phase will result in the
following interactions and returns.
A. Instantly credit of minted FairHEX tokens;
B. 100% of the initial stake amount is returned to the wallet upon
successful unstake transaction;
C. Hex staking rewards are converted to FairHEX tokens in the
ratio of the current FairHEX/HEX trading pair price and credited to
the staker´s wallet;
D. An additional Bonus, provided by the Bonus Pool, is paid on
top of the original staking Reward and credited to the staker´s
wallet.
E. While holding FairHEX tokens, either generated through the
minting process or gained from a token purchase on DEX, the wallet
receives HEX tokens generated each time FairHEX tokens are sold
on DEX.
How does the staking work?

You stake HEX to earn FairHEX

Staking Power (also known as Effective HEX) determines how many

shares you get for your hex stake.

When you stake your HEX token, you are staking to the original HEX
contract endorsed by Richard Heart.

When you unstake, you are bound by the rules set in the original
HEX contract (penalties or rewards).

When you unstake, only profitable stakes are subjected to

conversion (principal in HEX, yield in FairHEX).

When you unstake, only profitable stakes have rewarded a bonus

(based on the yield) from the bonus pool.

Ending a pending stake is subjected to a 1% fee on the principal (to

prevent stake balance manipulation).

You are not subjected to any fees when you stake or unstake
(ongoing or completed or late stake).

How is the bonus calculated?

When you unstake, only profitable stakes have rewarded a bonus
(based on the yield) from the bonus pool. The bonus percentage is
dependent on the total stake balance. Bonus APY is the additional
APY excluding HEX APY.
CONCLUSION
The ongoing evolution of the cryptocurrency and blockchain
ecospace has seen rapid growth in terms of the diversity of the
technology's various explored use case applications. Perhaps the
most significant blockchain and decentralized technology
innovation is eliminating the need for mediators in the transaction
process, as that is the basis upon which every other blockchain-
powered application is developed. On top of this solution layer lies a
host of other valuable abstractions of various traditional products,
services, concepts, and strategies.

At FairHEX, we believe that FairHEX is poised to take a leading

position in the Reflect Finance Token (RFT) category by
continuously dedicating time and resources towards research and
development to upgrade and improve upon desired outcomes
through the combined efforts of a dedicated team of highly talented
and dynamic developers, as well as a growing community of
supportive holders of FairHEX tokens, to deliver a solid passive
yield system participant in the ecosystem.
Disclaimer
Risk Warning: Participation in platforms which generate revenue in
form of cryptocurrency for its users by applying pure Tokenomics
cannot be considered an investment. Investments are usually made
into centralized operations to generate a yield from beneficial
interactions between customers demanding a product which
suppliers deliver. FairHEX, takes advantage of revenue-generating
opportunities in its design and application of 3 party revenues, and
rd

we will rather call it a “game” than an investment. Therefore, we

cannot use the term “Investor” for our participants or holders of the
FairHEX token.
Playing, strategizing, and executing tasks in the environment of
digital financial assets involves a high degree of risk and volatility
and is not suitable for all participants; do not risk more assets than
you are willing to jeopardize or possibly lose. Please consult an
independent professional financial or legal advisor to ensure the
game is right for you.
Disclaimer: This article contains text, data, graphics, photographs,
illustrations and information (“Information”) connected with
FairHEX. International and/or other entities are part of the FairHEX
group (“FairHEX”). FairHEX attempts to ensure that all Information
is accurate. However, Information is provided “AS IS” and on an “AS
AVAILABLE” basis and may not be accurate or up to date. The
publication of this article does not represent solicitation by FairHEX
of buying the “FairHEX Token” and is not to be considered as a
recommendation by FairHEX on the suitability of any investment, if
any, herein described. No action should be taken or omitted to be
taken in reliance upon the Information in this document. FairHEX
accepts no liability for the results of any action taken based on the
Information.