Tokenize

Tokenize

Users with a HEX Stake Instance (HSI) are able to ‘Tokenize’ their HSI which mints the user an HSI NFT token which can be sent to another address and/or traded on any compatible NFT marketplace and later ‘Detokenized’ to give the new owner control of the underlying HEX stake. This means users can now gift HEX Stakes via HSI NFT’s and, instead of stakers Emergency End Staking their stakes and dumping the HEX price, they can trade those stakes to other users who wish to hold them without causing negative price pressure.

The state of any Mintable HDRN and/or any Mint Bonuses attributed to the HSI will be transferred to the new owner of the HSI NFT, who can subsequently ‘Detokenize’ the HSI and Mint any Mintable HDRN available on that stake.