The Beauty Of HBD 12% APR Savings

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If you follow me on Twitter you will notice that for some days now, I have been focusing more on shilling HBD because it’s one of the safest crypto investments I have seen. When I joined Hive the HBD savings APR was 10% for some reason I didn’t pay attention that because I felt there was nothing special, but few weeks ago the APR changed to 12% and that caught my attention.

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I read a post that stated that APR of HBD savings has increased over time, I might not get the numbers correctly but I think it has increased from 5, 8, 10 and now 12%. With time we should be expecting the APR to increase further. This means that HBD savings is going to be the best stablecoin investment and far the less riskier stable coin investment being that its decentralized.

This week you must have read in the news that the Tether company behind USDT froze accounts worth of $160 Million. Imagine running to a stable coin because the crypto market is volatile and down and then getting your account frozen by tether. Now you are stuck, your money is frozen and you can’t utilize it. This is what you get when centralized entities are in control. This has never happened on Hive, no one can freeze your Hive account and no one controls your HBD, coupled with the fact that you can put it in savings and earn 12% APR shows that HBD is the best savings investment you can make.

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Another reason you should take advantage of the HBD savings is the supply. There are $24.3 Million supply of HBD, meaning that, when people start getting interested in HBD, there won’t be a enough supply of HBD to go round, so consider HBD savings as another way of mining HBD. When you put your HBD in the HBD savings, the blockchain produces more HBD to reward you for saving. This way it produces more HBD and adds it to the HBD supply thereby increasing the supply of HBD. So more HBD savings, means more HBD supply, this will thereby instigate the witness to increase the APR in future for more HBD creation by the blockchain.

When more HBD utilities are present, this means that there will be more HBD demand. When there is more HBD demand, the blockchain will need to produce more HBD and what other ways can we produce more HBD if not from HBD savings APR. So it’s possible we are going to be seeing more HBD APR % in the future, so it’s going to be really wise that you take the advantage of saving your HBD right now and compound it to prepare yourself of gradually acquiring more wealth over time. We know that these can’t happen in a day, it’s a gradual process and we are on the journey.

It’s nice to see that we are adding more utilities to HBD, the upcoming Ragnarok game will require HBD to purchase somethings in the game, this means that the demand will be driven upwards. Sometime ago, the Leofinance team talked about adding HBD in CUBdefi pool, I might be wrong with that Information, I think my memory on that is not vivid enough. But I know that the Leofinance team has a plan for HBD.

Aside this, think of the amount of wealth you can acquire just by doing nothing and just leaving your stable coin in the blockchain. If you have a large amount of money and you don’t know what to do with it and you also don’t want to risk it in a crypto currency, investing in HBD savings is going to be one of the wisest decisions to make. Investing $10 Million worth HBD in HBD savings will be giving you $100,000 monthly. This is something that you can never find in the bank, all you have to do is wait for 30 days and you claim your $100,000. Coolest easiest money you have made, seems unreal right? Well welcome to Hive, where there is freedom to achieve financial freedom.

Posted Using LeoFinance Beta



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17 comments
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Great article! HBD is the best kept secret in crypto - do you think that the limited 24 million supply means that the value of HBD will rise far past $1 once people become interested in HBD and demand increases? Or will the value stay around $1 regardless of the demand? I'm not knowledgeable enough about how HBD stabilizes its price, though I'm aware it works in a decentralized way.

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Oh!! The HBD stabilizer will make sure that HBD remains $1 and not more

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Question Boo, how do we purchase HBD with money? On Binance or...is there another way?

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There is no HBD on Binance, but you can buy it on Hive using the market section. I think Bittrex and Upbit sell HBD but in HBD/BTC pairs

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I love the opinions you're sharing here, and definitely plan to invest into HBD as I earn and have funds available for investing, but something that confuses me is this:

There are $24.3 Million supply of HBD, meaning that, when people start getting interested in HBD, there won’t be a enough supply of HBD to go round, so consider HBD savings as another way of mining HBD.

Wouldn't that defeat the purpose of the supply cap that creates rarity/value? If all it takes is putting HBD into savings to create more HBD, then HBD can't possibly have that much value (like the dollar) because you can just mint more. So what checks and balances exist to keep people from "gaming" the system, and what allows HBD to actually retain value with this model?

I am still very new to crypto investing and the Hive blockchain, so I realize I speak with some ignorance here, but it would be nice to engage in some discussion about this because these are the kinds of arguments I hear from people who haven't bought into cryptocurrencies yet.

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Oh!!! It’s nice that you are willing to learn, there is a HBD stabilizer that makes sure that the value of HBD doesn’t exceed its intended $1 value.

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So as long as there is $24.3mil+ available in actual dollars, HBD will hold value. Is there a market cap for HBD that there will never be more than so many of these tokens in circulation?

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The quantity of the token doesn’t matter, because it’s backed by Hive, even if it’s 1 Billion supply of HBD, the value of the market cap will be $1 Billion. But for that to happen, the value of Hive needs to also go high because it’s backed by Hive

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So the supply of HBD is influenced by the value of Hive. As Hive grows in value, the supply of HBD grows, which allows for the interest growth of HBD holders when they stake it in HBD savings. I think I'm following you?

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Yeah, you are getting it, but I don’t think the supply of HBD is influenced by the value of HBD, but the value of HBD is affected by the value of Hive, if the value of Hive goes down, you will feel a slight drop in value in HBD. Not a critical drop, but for a supposedly stable coin, it’s noticeable. The supply is influenced by the amount of HBD placed on savings by HBD owners. I might be wrong though but this is my rate of understanding.

To increase the rate of supply, they need to be an increase in savings APR. This is because, the more APR people get in their savings, the more people will want to place their HBD in savings, the more HBD will get generated by the blockchain.

Do you understand?

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I believe so. Crypto is still a bit of a head-scratcher for me, but I'm slowly learning! Thank you for your time and responses, they are greatly appreciated!

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