Cryptospecting

FACTS // VERIFIED 2026-10-19

Hedron (HDRN)

Short answer

HDRN (Hedron) is minted against HEX stakes and lent against stakes wrapped as NFTs. No owner. Misses criteria C4 (liquidity) and C5 (active team).

Community-run PulseChain
Contract
0x3819f64f282bf135d62168C1e513280dAF905e06
Price
$0.000000002986 convenience feed, DexScreener, as of 2026-10-19 12:46 UTC
Liquidity
$2.5kPulseChain DEX pools, verified 2026-10-19
Holders
41,615
Verified
2026-10-19

What the contract can do

Hedron lets HEX stakers mint HDRN against their stakes: once per day served, 1 HDRN per billion stake shares, so the amount falls as the HEX share rate rises. A stake can also be wrapped into a HEX Stake Instance (HSI) — an NFT issued by the HSI manager 0x8BD3d1472A656e312E94fB1BbdD599B8C51D18e3 — which can be traded, and HDRN can be borrowed against it; a loan left unpaid for 90 days can be liquidated at auction.

For the first 100 days after launch, minting earned a bonus that started at 10× and fell by 1× every 10 days; a second bonus depends on how much HDRN is borrowed compared with minted. Anyone can burn their own HDRN (proofOfBenevolence). The bytecode is identical on Ethereum and PulseChain.

Who controls it

No owner or admin functions. Every bonus paid to a minter is minted a second time to a source address fixed in the code, 0x9d73Ced2e36C89E5d167151809eeE218a189f801 — an ordinary wallet. On 2026-10-19 (block 27,837,276) it held 45,190,717,529,979.70 HDRN on PulseChain, about 26 % of the supply.

Marketplace royalties on HSI NFTs go to another fixed address, 0xF447BE386164dADfB5d1e7622613f289F17024D8, which also deployed the contracts; the HSI contract’s owner() returns it only for NFT marketplaces and grants no rights. The team publishes as PulseFusion and is pseudonymous; no person is publicly sourced. hedron.pro states that Hedron has no relation to HEX’s founder or development team.

History

HDRN and the HSI manager were deployed on Ethereum together on 20 February 2022 (05:01:14 UTC, block 14,240,942); on PulseChain since the fork in May 2023. Audit: CertiK, requested 20 December 2021 and delivered 17 February 2022 — 15 findings: none critical, three major (two acknowledged, one resolved), three medium and three minor (all resolved) and six informational; CertiK lists the team as not KYC-verified.

Activity: hedron.pro was last changed in 2022 and its code repository was last pushed in March 2022; the metadata server named in the contract, api.hedron.pro, returned a Cloudflare 523 error on 2026-10-17. The Telegram group had 3,707 members. On PulseChain on 2026-10-19 (block 27,837,276): supply 174,200,014,014,097.94 HDRN, 3,731 HSI NFTs, 41,615 holders.

Risks

Thin liquidity: about $2,500 in pools against WPLS and bridged stablecoins at block 27,837,276 (2026-10-19 12:30 UTC); about $8,300 including pools against HEX, PLSX and INC. Even modest sales move the price.

Concentration and dilution: about a quarter of the supply sits in the source wallet, and new HDRN is minted whenever HEX stakers mint. With the metadata server offline, marketplaces may not display HSI NFTs.

Verdict

Community-run, listed by editorial decision. Misses C4 (liquidity far below $25,000) and C5 (no team activity evidenced). C3 is met because the contracts have no owner; the source-address copies are an allocation fixed and documented in the code.

Where to use it

Interfaces that call these contracts, checked on 2026-10-19 — official ones first. A listing is not an endorsement: open apps from a bookmark, check the domain before you connect a wallet and read the risk line. Domains to avoid and what to do when an app is down: Interfaces.

Listing a token is not a recommendation to buy it. Read the trust criteria and the disclaimer.

Sources // last verified 2026-10-19

  1. T1 · Primary Blockscout Ethereum — Hedron verified source and creation
  2. T1 · Primary PulseScan — HDRN on PulseChain
  3. T1 · Primary PulseChain RPC — bytecode, supply, source-wallet balance, pool reserves
  4. T1 · Primary Hedron code repository (PLSFusion), last push 2022-03-08
  5. T1 · Primary CertiK — Hedron audit, delivered 17 Feb 2022
  6. T2 · Official hedron.pro — how minting, HSI and loans work; no relation to HEX's founder
  7. T2 · Official Hedron Telegram — 3,707 members on 2026-10-17
  8. T3 · Community DexScreener — HDRN pairs (pool discovery)

Source tiers are explained in Sources & methodology.