Due Diligence
HEX Time Tokens checklist for fixed-income professionals
The instrument, precisely. HEX Time Tokens (HTTs) are not debt — there is no issuer, no promise to pay, and no legal recourse. They are fully collateralized on-chain claims that behave like zero-coupon bonds: bought below face value, each redeems for exactly 1 HEX on a fixed calendar date, enforced by an immutable contract rather than an obligor. There is no credit risk because there is no obligor — what replaces it is code risk (audited, never zero) and, above all, denomination risk: everything on this page is measured in HEX.
Where the yield comes from. The discount is set by the market on a DEX, not by an issuer's cash flows. The backing grows from HEX staking rewards, which are paid from HEX's own emission schedule plus penalties from other stakers — protocol emissions, not revenue. The protocol only ever lets a stake mint up to its conservative worst-case value, which is how the 1:1 backing holds even if rewards disappoint (Ch. 6 of the Manual).
The Market, Measured
Snapshot: 2026-10-02 · HEX day 2495Every figure below was pulled on the snapshot date from the chain and its deepest DEX pools, and will be stale by the time you read it — treat it as a dated observation, not a quote.
Par amount outstanding
$1,196,624
387.5M HTT × 1 HEX, at HEX $0.003088
30-day change+$15k+1.2%
60-day change+$71k+6.3%
90-day change+$275k+29.8%
Pool depth range
HTT-X000
$22,533 – $200,011
The Walk
$1,874 – $8,292
The Long Walk
$82 – $200,011
63 Series ever minted
HTT-X000
6 · 0 matured · 6 live
The Walk
18 · 2 matured · 16 live
The Long Walk
35 · 0 matured · 33 live
The Anchor Series — Charted x000 Maturities
They carry 88% of all HTT pool liquidity, and each has a fitted regression channel behind it — the deepest has held one flat channel for 704 days (the channels).
| Series | Matures | Price (HEX) | Discount | Total return | YTM* | Pool depth | 24h vol |
|---|---|---|---|---|---|---|---|
| HTT-3000 | 2028-02-18 | 0.7294 | 27.1% | 37.1% | 25.67% | $57,325 | $3,239 |
| HTT-4000 | 2030-11-14 | 0.7341 | 26.6% | 36.2% | 7.79% | $82,073 | $228 |
| HTT-5000 | 2033-08-10 | 0.6649 | 33.5% | 50.4% | 6.13% | $102,471 | $580 |
| HTT-6000 | 2036-05-06 | 0.6298 | 37.0% | 58.8% | 4.93% | $128,441 | $202 |
| HTT-7000 | 2039-01-31 | 0.5203 | 48.0% | 92.2% | 5.44% | $200,011 | $2,395 |
| HTT-8000 | 2041-10-27 | 0.5541 | 44.6% | 80.5% | 3.99% | $22,533 | $900 |
Community-Created Maturities
These HTTs were created by community members under the same immutable contract rules, with the remaining 12% of pool liquidity spread across them. Thin pools can print strange prices (see the HTT-8000 note below); they are listed for completeness, not endorsement — no fitted channels, no analysis built on them.
| Series | Matures | Price (HEX) | Discount | Total return | YTM* | Pool depth | 24h vol |
|---|---|---|---|---|---|---|---|
| HTT-2520 | 2026-10-26 | 0.9951 | 0.5% | 0.5% | 7.76% | $8,292 | $8 |
| HTT-2550 | 2026-11-25 | 0.9950 | 0.5% | 0.5% | 3.45% | $5,303 | $11 |
| HTT-2580 | 2026-12-25 | 0.9959 | 0.4% | 0.4% | 1.80% | $7,891 | $5 |
| HTT-2610 | 2027-01-24 | 0.9949 | 0.5% | 0.5% | 1.65% | $1,932 | $7 |
| HTT-2640 | 2027-02-23 | 0.9887 | 1.1% | 1.1% | 2.92% | $1,905 | $4 |
| HTT-2670 | 2027-03-25 | 0.9880 | 1.2% | 1.2% | 2.56% | $1,903 | $2 |
| HTT-2700 | 2027-04-24 | 0.9759 | 2.4% | 2.5% | 4.46% | $1,874 | $18 |
| HTT-2730 | 2027-05-24 | 0.9568 | 4.3% | 4.5% | 7.13% | $1,938 | $31 |
| HTT-2760 | 2027-06-23 | 0.9699 | 3.0% | 3.1% | 4.32% | $1,991 | $10 |
| HTT-2790 | 2027-07-23 | 0.9568 | 4.3% | 4.5% | 5.64% | $1,987 | $3 |
| HTT-2820 | 2027-08-22 | 0.9197 | 8.0% | 8.7% | 9.89% | $2,031 | $19 |
| HTT-2850 | 2027-09-21 | 0.9055 | 9.4% | 10.4% | 10.78% | $1,963 | $23 |
| HTT-2880 | 2027-10-21 | 0.9063 | 9.4% | 10.3% | 9.80% | $2,199 | $31 |
| HTT-2910 | 2027-11-20 | 0.8839 | 11.6% | 13.1% | 11.49% | $2,246 | $19 |
| HTT-2940 | 2027-12-20 | 0.8646 | 13.5% | 15.7% | 12.70% | $2,158 | $51 |
| HTT-2970 | 2028-01-19 | 0.8293 | 17.1% | 20.6% | 15.50% | $2,694 | $154 |
| HTT-3030 | 2028-03-19 | 0.8626 | 13.7% | 15.9% | 10.63% | $1,539 | $23 |
| HTT-3060 | 2028-04-18 | 1.0003 | -0.0% | -0.0% | -0.02% | $1,050 | $7 |
| HTT-3090 | 2028-05-18 | 0.9885 | 1.1% | 1.2% | 0.71% | $87 | $0 |
| HTT-3120 | 2028-06-17 | 0.9875 | 1.3% | 1.3% | 0.74% | $100 | $0 |
| HTT-3150 | 2028-07-17 | 1.0159 | -1.6% | -1.6% | -0.88% | $90 | $0 |
| HTT-3180 | 2028-08-16 | 1.0784 | -7.8% | -7.3% | -3.95% | $133 | $0 |
| HTT-3210 | 2028-09-15 | 1.0794 | -7.9% | -7.4% | -3.83% | $83 | $0 |
| HTT-3240 | 2028-10-15 | 1.0237 | -2.4% | -2.3% | -1.14% | $89 | $0 |
| HTT-3270 | 2028-11-14 | 1.0704 | -7.0% | -6.6% | -3.16% | $85 | $0 |
| HTT-3300 | 2028-12-14 | 1.0821 | -8.2% | -7.6% | -3.52% | $92 | $0 |
| HTT-3330 | 2029-01-13 | 1.0871 | -8.7% | -8.0% | -3.59% | $82 | $0 |
| HTT-3360 | 2029-02-12 | 1.0712 | -7.1% | -6.7% | -2.87% | $85 | $0 |
| HTT-3390 | 2029-03-14 | 1.0115 | -1.1% | -1.1% | -0.46% | $92 | $0 |
| HTT-3420 | 2029-04-13 | 1.0144 | -1.4% | -1.4% | -0.56% | $114 | $0 |
| HTT-3450 | 2029-05-13 | 1.0767 | -7.7% | -7.1% | -2.79% | $86 | $0 |
| HTT-3480 | 2029-06-12 | 1.0941 | -9.4% | -8.6% | -3.28% | $92 | $0 |
| HTT-3510 | 2029-07-12 | 1.0661 | -6.6% | -6.2% | -2.28% | $83 | $0 |
| HTT-3540 | 2029-08-11 | 1.0873 | -8.7% | -8.0% | -2.88% | $86 | $0 |
| HTT-3570 | 2029-09-10 | 1.0297 | -3.0% | -2.9% | -0.99% | $91 | $0 |
| HTT-3600 | 2029-10-10 | 1.0722 | -7.2% | -6.7% | -2.28% | $92 | $0 |
| HTT-3630 | 2029-11-09 | 1.0996 | -10.0% | -9.1% | -3.01% | $83 | $0 |
| HTT-3660 | 2029-12-09 | 1.0982 | -9.8% | -8.9% | -2.90% | $84 | $0 |
| HTT-3690 | 2030-01-08 | 0.6716 | 32.8% | 48.9% | 12.94% | $4,239 | $43 |
| HTT-5555 | 2035-02-16 | 0.4279 | 57.2% | 133.7% | 10.66% | $5,291 | $71 |
| HTT-6666 | 2038-03-03 | 0.3988 | 60.1% | 150.8% | 8.38% | $5,999 | $208 |
| HTT-7777 | 2041-03-18 | 0.3693 | 63.1% | 170.8% | 7.13% | $4,982 | $73 |
| HTT-7900 | 2041-07-19 | 0.3782 | 62.2% | 164.4% | 6.79% | $5,667 | $72 |
*Three related numbers, one price — matching the official app's vocabulary: Discount = 1 − price (relative to par; the app's "HTT Discount To HEX" chart). Total return = 1/price − 1 (your gain on what you paid — the same definition as the app Dashboard's "Total Return"). YTM = that total return annualized in HEX terms, compounded, ACT/365: ((1 / price)365/days − 1). The app's "APR" is the simple annualization — Total Return ÷ years to maturity — verified against the live Dashboard on 2026-07-10 (HTT-3000: 15.30% total over 1.61 years → 9.49% APR displayed; compounding would give 9.22%). Simple reads higher than compounded on multi-year tenors, so compare figures within one convention, never across. One more display nuance: the app shows redemption dates in local time, so they can read one calendar day earlier than the UTC dates here — same on-chain moment. None of these are dollar returns. Prices and pool depth from each series' deepest HEX-paired DEX pool (the app's liquidity chart also counts additional pools, such as the PHUX "HEX Time Complex," so its totals can read higher); series without a live HEX pool are excluded rather than estimated. Anyone can verify: the token addresses are in the Manual's Appendix A.
Yes, the HTT-8000 row is inverted — it prints 18 points rich to HTT-7900 despite three more months of tenor. That is not free money waiting to be taken; it is what a $22,533 pool looks like — one small trade can pin the price (its early depth reportedly seeded ahead of the dated farm changeover: on October 9, 2026, HTT-3000’s farming rewards end and HTT-8000’s begin). Thin-pool prints like this are exactly why pool depth is a column in this table, and why the sizing rule everywhere on this site is "trade a small fraction of the pool."
Read the smallness honestly — in both directions. This market cannot absorb institutional size: total float is about $1,196,624 at par and a "safe swap" in the deepest pool is a few thousand dollars. The same smallness means a professional can rehearse the entire lifecycle — buy at a discount, provide liquidity, watch a maturity redeem — with an amount that is immaterial to any real portfolio. Small enough to test everything; too small to matter yet.
And read the thinness structurally — it is not the thinness of ordinary markets. What makes thin books dangerous elsewhere — leverage, futures, margin calls, borrowed shares — does not exist here: nothing can cascade, and nothing can be sold that was not first minted against a locked stake or bought from someone who did. Holders look more like founders than tourists (the official Telegram counted its members in the hundreds until mid-2026), and a panic print below fair value does not spiral — it becomes a visibly better deal, because every token carries a 1:1 claim at a known date. The regression channels document the result: the deepest series has now traded inside one flat channel for 704 days — most of a year of homeostasis in a protocol only 23 months old (the channels). None of this repeals the arithmetic: your own trade still moves the price, an exit at size still takes patience, the anchor pays at maturity rather than today, and everything remains one layer above HEX’s own leveraged dollar market. But cascade risk and execution cost are different dangers — and this market has only the second.
Redeemed HTTs
The Actuator proof of valid code is the 1-HTT to 1-HEX redemption feature actually redeeming. Below find the HTTs that have Redeemed.
| Series | Matured | Ever minted | Still outstanding | % redeemed | Verify |
|---|---|---|---|---|---|
| HTT-1773 | 2024-10-09 | 376 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-1787 | 2024-10-23 | 80,000 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-1788 | 2024-10-24 | 399,757 HTT | 9.1 HTT unclaimed | >99.9% | on-chain ↗ |
| HTT-1805 | 2024-11-10 | 33 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-1860 | 2025-01-04 | 74,051 HTT | 37,051.28 HTT unclaimed | 50.0% | on-chain ↗ |
| HTT-1879 | 2025-01-23 | 132 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-2340 | 2026-04-29 | 5,006 HTT | 6.43 HTT unclaimed | 99.9% | on-chain ↗ |
| HTT-2370 | 2026-05-29 | 10,000 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-2400 | 2026-06-28 | 15,000 HTT | 0 — fully redeemed | 100% | on-chain ↗ |
| HTT-2430 | 2026-07-28 | 22,000 HTT | 3,820.66 HTT unclaimed | 82.6% | on-chain ↗ |
| HTT-2460 | 2026-08-27 | 2,145,559 HTT | 147,098.5 HTT unclaimed | 93.1% | on-chain ↗ |
| HTT-2490 | 2026-09-26 | 3,799,693 HTT | 278,595.53 HTT unclaimed | 92.7% | on-chain ↗ |
As of 2026-10-02: 12 series have reached maturity. 6 redeemed down to zero; the rest carry a combined 466,582 HTT of unclaimed remainders — about $1,441 at the snapshot HEX price. Across everything ever minted in the matured series — 6,551,607 HTT — 92.9% has been redeemed, reconstructed from each token's full mint-and-burn event history and reconciled exactly against today's outstanding supply. Unclaimed is not failed: redemption burns the token, so outstanding supply is value holders never collected, not value the protocol withheld.
Watch one settle live: the next maturity, HTT-8100, redeems on 2042-02-04. A treasury bond settles inside a custodian; this settles on a public chain where anyone can watch the burn transactions arrive. That verifiability — not the yield — is the one thing this instrument does that a municipal bond cannot.
The HTT Census — HEX Time Token Manager
One immutable contract, the HEXTimeTokenManager deploys every genuine HTT. Authenticity is checkable. On 2026-10-02, a name search of the chain found 67 tokens calling themselves HEX Time Tokens; asking the factory's own registry confirmed 63 genuine series. The 4 others — whatever their creators intended — were not created by the factory and cannot be redeemed through the protocol. The durable rule, from the Manual: a token named like an HTT is not an HTT — a token created by the HEXTimeTokenManager is (Ch. 6 and Appendix A, which explains how to run the creator check yourself).
Wallets Have Redeemed HTTs
34
65 Redemptions
Wallets Have Farmed
324
5,478 Farm Deposits
Wallets Have Traded HTTs
5,325
127,482 Trades
Counted on-chain through (UTC): the HEX Time Token Manager's mints and redemptions, every deposit into Actuator's farms, and the wallet that signed each trade on an HTT/HEX pool on PulseX or 9mm. A wallet is one address that is not a contract; one person can hold several.
Settlement — What Happens When, and If Not
| Moment | What the contract does |
|---|---|
| Redemption day onward | Holders burn HTTs for exactly 1 HEX each — a right with no deadline (the contract's only time gate is that maturity has arrived; 1:1 formally verified by Dedaub). Once the backing stakes are ended, the redemption HEX waits in the contract without decaying. |
| Staker doesn't end on time | After a 3-day grace period, anyone in the community can end the stake for a reward that climbs daily — paid from an escrow reserved in advance (the final 10% of the stake's accrued rewards), never from HTT collateral. Note: Due to HEX's yield the final 10% may be larger than 10% of the Stake's earnings. |
| Backing stakes still un-ended | 1 HTT = 1 HEX at redemption, guaranteed 1:1 forever. The bounty for ending a backing stake starts on day 4 after the redemption day and is full by day 13, so the stakes are ended long before HEX’s 14-day late-penalty grace runs out; for a stake whose own end day comes before the redemption day, the mint cap already sets aside HEX’s late penalty through day +14. |
The full mechanics, with the escrow schedule chart and both auditors' corroboration, are in the Manual: Ch. 6 (minting & escrow) and Ch. 4 (redemption properties).
Who Controls Actuator?
Actuator is an Immutable EVM Smart Contract with no admin keys, no upgrades. The code that runs today runs forever. There is never custody risk. No person can touch the collateral. Audit record: two firms (Dedaub and SourceHat, Aug–Sep 2024), zero critical and zero high-severity findings, one low and two medium, all resolved before launch.
The Actuator Team created the code, hired the audits, launched the contracts, educated and host the websites/social media. Two pseudonymous co-founders — C3Works (self-described career institutional bond trader) and RJ (self-described enterprise-software background, ETF industry). The only legal-structure statement on record is theirs, from a public AMA in October 2024: "We're Actuator Finance LLC and we're domiciled in the US" — dated, single-source, and not independently verified.
Note: If every website disappeared — theirs or this one — the contracts and an IPFS copy of the app keep working (Frontends).
This site: independent. No affiliation, no ads, no sponsors.
Tax & Regulatory Status
This site does Not give tax guidance. This site publishes Public Data, Not Financial Advice. Ask your Tax Advisor.
Run Your Own — the Method Behind This Page
Everything above is just seven questions asked stubbornly. They work on any project — here is each one, how to check it anywhere, and how this page checked it for HTTs.
- Who controls it? Find out who can change the rules or touch the funds — admin keys, upgradeable contracts, a multisig, a person. If someone can, you are trusting them, not the code, and everything else is secondary. Here: immutable, no admin keys, audit record — Who Controls Actuator?
- What backs it, exactly? "Backed" is a claim until you can point at the collateral and the rule that connects it to your claim. Prefer things a block explorer can show you over things a website tells you. Here: one HEX per HTT, enforced by a verified invariant — the instrument, precisely.
- Is the name real? Anyone can deploy a token with any name. Check the creator: who deployed this contract, and is that the address the official docs name? Here: 67 tokens claimed the name, the factory confirmed 63 — the census.
- What are the numbers — with dates? Size, liquidity, volume, and yield, each with a date attached. An undated number is marketing; a dated one is a fact you can re-check. Recompute at least one yield figure yourself — if you can't, you don't understand the instrument yet. Here: the market, measured, with the worked example.
- What happens when it goes wrong? Walk the failure path before you need it: who bears late settlement, what recourse exists (often: none), and how much you could actually sell into the pool on a bad day. Here: the settlement waterfall — and the thin-pool footnote under the curve table.
- Who profits from telling you this? Every source has incentives — sellers, holders, sponsored voices, and yes, this site's author holds the assets discussed. Incentives don't make a claim false; they tell you which claims to verify hardest. Here: the disclosure and the bibliography.
- When the answer is an attack, read the shape of it. A project that cannot defend the facts will often question the motives of whoever raised them, until the argument is about the accuser instead of the claim — the pattern psychologists call DARVO. Noticing it keeps you on the original question. But it only runs one way: “they're shouting loudest, so they're guilty” is unfalsifiable, and it convicts the people with the best reason to shout — those who actually lost money. A deflecting scammer and a genuine victim both sound loud, angry and certain. Judge the claim, never the volume.
Backtest in simulation with AI and ask questions. Due diligence is not a document you read — it is the habit of checking before trusting. This page simply shows the habit applied.
Where to go next
- Crypto Bonds Explained — the instrument, from the beginning
- Actuator Strategies — every documented play, dated observations, the untested quarantined
- Traditional Bonds vs HTTs — the fixed-income translation, term by term
- The Actuator Manual — all 19 chapters, every claim cited