HBD Savings & It’s Life Changing Opportunity
Been a long time I wrote an HBD savings post, I guess I was writing lots of it before because, it felt like a new gem I just discovered and was wondering why enough people were not talking about it. I noticed the benefits of HBD savings when the APR interest was increased to 12%, I always ignored HBD savings when it was 10% APR, I guess I subconsciously felt 10% was too small. But I became kore conscious of HBD savings when it became 12%, but then, UST gave 20% APR and the world got motivated and excited. This motivated the push for HBD savings to be at 20% APR, that agenda was a little bit scary for me.
At first I thought that was going to be the beginning of Hive price downfall, because, cmon, why would I stake my Hive on the blockchain that gives me about 10% APR, and it will take me 13 weeks to get my complete hive back, when I can just convert the same amount to HBD, place them in savings, earn 20% and it takes only 3 days to get my money back. At least this was what my head was calculating, I thought other people would think the same. But then I was wrong, people embraced HBD savings more and UST price crashed.
But then, I can’t help but recognize the opportunities of HBD savings, do you know the benefit of just sitting at home at making 20% APR of your investment? That is what HBD savings gives us with lower risks, a lot can be done with that opportunity, especially when you have a lot of money. Minimum wage should be about $3,000 monthly, but imagine making that monthly without actually working, but that will imply having about $200,000 in HBD savings. This means that you will be making $111 daily and $4.6 every hours. We have lots of people who have lost more than this amount trading more volatile assets.
I had a very long wishful thinking while thinking of how beautiful and life changing the HBD saving is and we are lucky to have discovered this gem this early. Because, aside the fact that HBD savings gives us this opportunity, let’s not forget that it’s on the Hive blockchain, one of the most underrated best blockchains in the world. The market cap of HBD is below $30 Million, in a crypto world where we are having StableCoins have over $10 Billion in market cap. Let’s say in 5 - 10 years time, StableCoins having over $10 Billion becomes a norm, this means that HBD market cap is 400X lesser in value right now. I don’t know how long it will take for the total HBD supply to be $10 Billion, we need more HBD minting. The beauty of this, is a win for HBD is a win for Hive, imagine when more people want more access to HBD, a means will be provided to mint more HBD to accommodate more people. This means that the adoption of Hive and HBD will increase, this will help trigger the value of Hive.
If you are like me that have been accumulate Hive and will keep accumulating till the long run, you can easily convert your Hive to HBD if the value of Hive gets to $100 and above and get $200,000 HBD which you can put in HBD savings and wait for your monthly interest, this is one of the ways that the Hive blockchain can change someone’s life for life and for good, the question is are we the early adopters early for this?, and we grabbing the opportunity right now it’s underrated?
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It is a great interest rate if you accumulate them by taking part in this blockchain.
Without a doubt, the Hive Backed Dollar (HBD) is a huge benefit to the Hive blockchain.
A return of 20% at the base layer in cryptocurrency is unheard of. No third party counter risk is enormous.
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