One of the many advantages the Hive ecosystem offers is to have HBD as an Algorithm Stablecoin.
Stablecoin plays a vital role in the cryptocurrency space. Most importantly to mitigate the volatility of cryptocurrency.
For those unaware of HBD, we (@joetunex, @josediccus) defined HBD, we discussed how and where to buy HBD, from Bittrex, Upbit, Hive internal market, and even on wrapped HBD on Polycub and Cubfinance.
We also touched on the benefits of HBD, and use cases we will like to see with HBD for payments.
Also, we discussed our goals for HBD taking advantage of the 20% APR for HBD savings.
Cheers.
▶️ 3Speak
This is the first one of this series I'm watching and I really enjoyed it guys. Good discussion about HBD. I regret not taking advantage of, even though I wanted to, last November. I picked the wrong stable coin (the other algorithmic one that is now defunct), but that's all water under the bridge now.
Yes it's going to be glorious when Hive next moons. Good move Josediccus on the HBD<->Hive manoeuvre. Very clever stuff.
We are getting the opportunity to learn from the popular crypto in this space like the UST incident, which is why the Hive ecosystem under the radar is okay for now. I don't have much Stablecoin either but now building some through HBD.
Thanks for watching.
@joetunex
Posted Using LeoFinance Beta
Thanks a lot sir, well, we have started out this series to talk about finance related stuffs. Last year December, I took advantage of the pump to buy HBD, I think there's so much prospect to it and sincerely one can just buy into it for safety if they're scared of Hive's volatility in general.
Well I guess you wouldn't have known the stablecoin you picked was going to be the wrong choice.
Investing in both helps the system grow, new projects must have good reason to back them, normally witnesses will notify giving detailed plans.
Take advantage of what we have on Hive and help grow the system wherever our interests take us.
!BEER
Of course, investing in both helps the system grow, maybe sometimes in the future, We'd talk about Hive just like we've done for HBD
Utilizing HBD as well as Hive token helps us in different ways it is great that we have HBD to mitigate volatility, especially in times of bear market where some depend on cryptocurrency earnings to pay bills.
And yes investing in both gives it the intended use case which impacts the ecosystem positively.
@joetunex
Posted Using LeoFinance Beta
Good balanced concept right from the beginning which I appreciated as you are able to invest into the platform you come to enjoy, it's not always about earning more about learning.
The above line resonates with Taskmaster4450 content today, learning and understanding what we are dealing with is as vital as earning.
Posted Using LeoFinance Beta
Agree with him, too many arrive not willing to learn.
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