Hello 👋, It was surprised to see a lot of blog and attractive information that 20% intrest rate on staking the HBD 💥.
Actually I am new here, after a year seeking at hive and there are many things I need to understand how hbd stabilization works. And i heared the news that HBD pays 12% APR that's what brings me here after a year. Now it become more sexy 20% surely it will bring more new users and investors to look into it. And it was the most intrest paying stable coin i heared.
Hive Backed Dollar - it was in concept of token value equal to a dollar but sometimes the price fluctuates but it's unavoidable although it was great to see these much stabilization. I was planned to invest my savings in HBD that's what I started at beginning and after the news of Indian government announcing 30% tax on crypto I withdrew all the those. Let's see how this taxation works and will get use of this 20% 🙂.
How better it is when compared to banks? Banks paying highest intrest rate of 12% APR for the fixed deposits and it was not supposed to use when you need in mid of terms period. You can but intrest not paid for the deposits but here in HBD we have good flexibility that's what I loved the most. 😉
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