HBD Drawbacks in Daily Profit and Accessibility
Hive ecosystem is one of the top blogging platforms that not only allows you to post your content but also provides you with a variety of investment opportunities and ideas.
This means that people who are not bloggers or do not enjoy writing content can still invest and exchange their money.
In terms of investment, I am going to discuss and offer my thoughts on Hive Back Dollars (HBD).
We all know that the Hive ecosystem has two native coins. That's #Hive and #hbd. Hive is a volatile coin, which means that its price might fluctuate at any time and at any pace; however, the Hive back dollar is expected to remain at $1.
Hbd is a stable coin that offers a 20% fixed APR. The APR is determined by witness choices, which are made in response to hive prices and market conditions.
For the time being, #HBD APR is 20%, which is both good and excellent. Yesterday, I looked up Binance USDT APR, which was approximately 25%. The actual APR for USDT is actually 17%, but they have included an 8% bonus for the time being.
From this, it is apparent that #hbd outperforms USDT in terms of APR benefit. However, there are several significant drawbacks that I'd like to explain.
One in which you cannot make a daily profit, means you cant collect your profit on daily basis. The other is that you cannot access your coin instantaneously; it takes at least 3.5 days.
Also, the hbd APR payment is made monthly, so you must save for at least 30 days to receive the APR savings.
It would be preferable if the hbd unlock process were rapid, and the profit APR was distributed on a daily basis rather than monthly.
Will you agree with my thoughts?
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
Posted Using InLeo Alpha
In my own open onion, I think with HBD being an algorithm token it’s best to function that way so as to reduce too much deflation on the Hive token.
Also it have to be kept in mind, that majority wants an instant withdrawal and also immediate earnings
I dont think the 3 day withdrawal and monthly interest payment are that long. But I might be wrong as many of us want everything faster nowadays. But then if this is to provide security and to secure the chain to make it work efficiently then, I don’t think it’s too much to ask from users. Remember the hive payouts itself takes seven days. Good things takes time.
Yes, I am right with you because in binance USD to ARP is proximately 25% which in hive HBD is 20% ARP and it also take some time to unlock and its reward also not available in daily base. So I am interested when the hive blockchain in daily base we want and also the unlock system is as quick as much as possible. it will be good for us good for the investor also.
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for BEE and Cent
We are expecting a hive price will reach 1 USD soon😀.
Nice blog dear bro.