The Hive Backed Dollar ($HBD) is define as an Algorithmic stablecoin, that is native to the Hive Blockchain and it's backed by the Hive token. It's a platform designed to maintain a stable value of approximately one US dollar ($1), unlike other cryptocurrencies that can fluctuate significantly.
HBD achieves this stability through on-chain conversion mechanisms which is the Hive ecosystem.
The HBD is algorithmically pegged to the dollar without need to hold collateralizing assets in a traditional bank, which are subject to seizure or censorship.
MEET HBD AS THE BEST DECENTRALIZED STABLECOIN.
HBD stands out as the best Decentralized Stablecoin on the market today, that is free from Fiat, Regulations, Freezing, AML (Anti- money laundering), and KYC(know your customer) processes. HBD is as well backed by Hive as digital value, @hive serve as a backbone that is not controlled by any single entity.
👉🏼Pegging To The Dollar :- The HBD as a stablecoin maintains a stable value of one US dollar ($1) while staying true to the hive @blockchain rules of originality and transparency. Redemption is secure and the stable asset
which is the Hive token remains adequately over collateralized.
👉🏼Haircut Rule :- If the @hbd as a stablecoin supply approaches a set percentage of the base token's market cap, the chain stops issuing new Stablecoins which prevents the HBD market cap from exceeding it's collateral.
👉🏼True Economy :- A reliable algorithmic @stablecoin like HBD set the stage for a true economy whereby
✓ We store value in a stable currency.
✓ We transact globally with no KYC.
✓ We Access free-fee settlement in n seconds.
✓ We move in or out of HBD currency without permissioned gateways.
HBD IS THE PACESETTER IN THE CRYPTO WORLD.
HBD are set as an example and a model as an Algorithmic stablecoin in the crypto world today.
HBD on the Hive blockchain also answers the call to freedom in the crypto world with a Decentralized, community structure that prioritizes freedom and stability. HBD benefits from Hive's proven resilience and community governance. No single wallet, single entity or government can KYC, freeze ($HBD) or seize it's @collateral. Transactions are instant and effectively fee-less because of its resource staking. In it's organic expansion HBD supply grows through daily new token's mints which are allocated to content creators and community members via decentralized community, stake- weighted voting system. The HBD is a cryptocurrency that can be spent in any part of the world without restrictions to purchase goods and by so doing get back 20% to 40% Cashback from your purchases through the @distriator app. Imagine you get rewarded for your spending, 🤗it's amazing and mind blowing 😱 I don't think any other currency do that.
The HBD system is richly designed for it's users and it's wallet the Hive @keychain where it found itself is really exceptional.👍
Stablecoins they say is the future of money, then HBD is what the future needs for real @decentralization and It's among the rulling Stablecoin in the crypto World today. So I Urge Bruce Fenton and you all to join the moving train today and keep soaring higher like an eagle in the @crypto World.
With this few words of mine I hope I have convinced you Dear reader🤗.