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===== Free Claim  =====

A HEX free claim is available for those who were BTC holders at the time of the snapshot. **The snapshot was December 1st, 2019 at 7pm EST**. For BTC claims, the contract immediately stakes 90% of the claimed HEX for a minimum of 350 days, while the remaining 10% is liquid and can be traded immediately. 

==== How it's Calculated ====
<color green>**Free Claim HEX**</color>**=**  **(BTC)** ***** **(10,000 HEX/BTC)** ***** <color blue>**(Silly Whale Penalty)**</color> ***** <color red>**(Late Penalty)**</color> ***** <color orange>**(Speed Bonus)**</color>

[[http://go.hex.com/claim/?r=0x574DA8eAA47b53e12C82F8D820eBB862a869Baa2|{{ :hex_vision_300x600.jpg?nolink&190|}}]]
**BTC:** 
  * BTC held by the address at the time of snapshot
  * For our example, assume our address holds **3000 Bitcoins**
<color blue>**Silly Whale Penalty:** </color>
  * Equal to 1 for addresses with less than 1,000 Bitcoins
  * Equal to 0.5 for addresses at 1,000 Bitcoins
  * Scales linearly to 0.25 for addresses at 10,000 Bitcoins
  * For our example, the Silly Whale Penalty would be <color blue>**0.444**</color>
<color red>**Late Penalty**</color>
  * Late Penalty = 1 - (Days Passed/350)
  * On the first claim day, 0 days were passed
  * For our example, assume 30 days have passed, so the Late Penalty is <color red>**0.914**</color>

<color orange>**Speed Bonus**</color>
  * On day 1, the bonus started at 1.2 (20% Bonus)
  * Each day, the bonus <color red>drops</color> by .00057 (.057% daily)
  * This continues for the entire 350 days of launch until the bonus no longer applies
  * For our example (30 days), the Speed bonus is <color orange>**1.183**</color>

<color green>**Free Claim HEX**</color>**=**  **(3000 BTC)** ***** **(10,000 HEX/BTC)** ***** <color blue>**(0.444)**</color> ***** <color red>**(0.914)**</color> ***** <color orange>**(1.183)**</color>

<color green>**Free Claim HEX**</color>**=** <color green>**14,402,409 HEX**</color>
  * 90% of Free Claims are staked a minimum of 350 days (12.96M Hex in this example)
  * The address would have **1.44 million free-claimed, liquid HEX**

=== How to Free Claim ===
[[http://go.hex.com/claim/?r=0x574DA8eAA47b53e12C82F8D820eBB862a869Baa2|Use this link]] to free claim using your BTC address and get a bonus 10% on your claim! 

If you need further instruction, reference the video below.
[[https://www.youtube.com/watch?v=LHbGPfhn3D8&feature=emb_title]]
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