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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 You may download the full document for free here: HEX FORENSIC ANALYSIS and VALUATION

Excerpt: 

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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.

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 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.

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