Why HBD is the Best, Most Decentralised Stablecoin you've ever heard of
All crypto enthusiasts can attest to the simple fact that virtually all #cryptocurrencies fluctuate in prices and are mostly influenced by market forces and big influencers who own and control these coins. These bigwigs can influence the outcome of a coin in the market to the detriment of the user. This is a fact that many people are yet to come to terms with but it is real in the financial market. Another issue about cryptocurrency is the fact that many people are victims of shit coins aimed at defrauding the public. These are scam coins introduced by a company targeted to steal from the people. I have been a victim of these coins, and I know many who have also been victims of them. The truth remains that coins such as these have flooded the crypto market and many others are coming up. Another fact about cryptocurrencies is that the prices keep fluctuating. Most times it will hit ATH and at times ATL. However, there is a coin in the crypto market that is not susceptible to all of these issues, and this is the Hive Backed Dollar, also known as HBD.
A brief overview
For those who may need a simpler explanation of HBD. It is a digital coin of the Hive blockchain. It is a coin that you can earn from the Hive blockchain through your activities. Like posting content and many others, you can also earn hbd by saving or staking, or by even trading it with other coins.
What makes hive hive-backed dollar outstanding from any other cryptocurrencies
There are lots of reasons why HBD is different from other cryptocurrencies. In case you are considering holding a coin you can consider HBD to other coins.
First of all, It's a stable coin pegged at $1. No matter how bad or deep all crypto coins are, they cannot affect hbd. So if you own an HBD of any value, it is equal to you owning a US dollar. No coin is as stable as the HBD. With these, it helps users overcome the issue of crypto volatility. It's not like Bitcoin or Ethereum, which fluctuate now and then, putting pressure on users. With HBD you have peace of mind.
Another important fact is that with HBD you can pay for goods and services. Some stores and outlets around the world accept hbd as a medium of exchange. I know of a store close to my residence that accepts hbd as a means of payment for their products. With your HBD you just need to walk in there and get whatever goods you need and pay via your coin.
Meanwhile, you can earn additional interest by saving HBD. About 20% interest annually. To the best of my knowledge, no blockchain has this amount of interest earnable just by staking your coin. So consider saving your HBD.
Imagine making transactions without a transaction fee. This happens whenever you want to convert your HBD to other coins. It's free. Not just free but it's faster. Other blockchains charge as high as 10% as transaction fees.
I nearly forgot to talk about the decentralised nature of HBD. No individual or company owns or controls the inflow of HBD. It is a decentralised stablecoin that runs on blockchain technology. With this, it is devoid of influences and interference. No one man or organisation can decide the fate of the coin, and it cannot be used against the wishes of the people.
HBD can be traded on cryptocurrency exchanges. For example Upbit. Also, in this case, users are open to multiple choices, not only on the Hive blockchain. Some cryptocurrencies are limited to one exchange, hence making it difficult for users to have choices. Most times they do this as a result of their selfish interest.
So with all these benefits, it makes HBD stand out as a stable coin you've never heard of.
In case you're considering owning a cryptocurrency I would recommend #HBD. Meanwhile, You can start earning HBD today
