Another Algorithmic Stablecoin (Terra USD) & it's native token LUNA get investors' attention & reach into the top 10 crypto market capital.
We wish to give an intro & compare Terra USD (UST) with Hive blockchain stable token Hive Dollar (HBD) here.
The below image will give you a brief idea of how TerraUSD (UST) keeps its' $1 pegged price & how LUNA boosted to $70+ token market price in a year.
Original Source
The Terra Market Module & Arbitrage to stabilize the USD peg price with UST similar to the HBD Stabilization DHF Proposal. But Terra price stabilizing mechanism uses TerraUSD (UST) & LUNA token burning module which is not yet implemented in HBD Stabilization DHF Proposal.
Let's compare TerraUSD (UST) vs Hive Dollar (HBD) circulating supply details.
Now compare LUNA vs Hive native token Circulating Supply & price details.
HIVE vs LUNA market price comparison.
The above results indicate HIVE token can reach a 50 USD price feed with future developments focused on the HiveDollar (HBD) stabilizer mechanism integrated with HIVE token burnings & increasing the Circulating supply of HBD based on the Terra Expansion & Contraction module.
Original Source
Unlike other Blockchains, HiveDollar (HBD) has a saving-based interest rate feature that is integrated into the HIVE Blockchain. But it still lacks HiveDollar (HBD) Circulating supply to get attention from crypto whales who wish to earn 12% or more APY with blockchain integrated secure investment.
With HF26 (the upcoming hard-fork of the HIVE Blockchain), we hope HBD will start competing with the TerraUSD Algorithmic Stablecoin market & it will boost HIVE to the moon.
We wish to give an intro & compare Terra USD (UST) with Hive blockchain stable token Hive Dollar (HBD) here.
The below image will give you a brief idea of how TerraUSD (UST) keeps its' $1 pegged price & how LUNA boosted to $70+ token market price in a year.
Original Source
The Terra Market Module & Arbitrage to stabilize the USD peg price with UST similar to the HBD Stabilization DHF Proposal. But Terra price stabilizing mechanism uses TerraUSD (UST) & LUNA token burning module which is not yet implemented in HBD Stabilization DHF Proposal.
Let's compare TerraUSD (UST) vs Hive Dollar (HBD) circulating supply details.
- HiveDollar Circulating Supply - 23,959,214 (23 Million) HBD
- TerraUSD Circulating Supply - 10,437,245,300 (10 Billion 437 Million) UST
Now compare LUNA vs Hive native token Circulating Supply & price details.
- Hive Circulating Supply - 370,988,031 (370 Million) HIVE
- Luna Circulating Supply - 357,798,485 (357 Million) LUNA
HIVE vs LUNA market price comparison.
The above results indicate HIVE token can reach a 50 USD price feed with future developments focused on the HiveDollar (HBD) stabilizer mechanism integrated with HIVE token burnings & increasing the Circulating supply of HBD based on the Terra Expansion & Contraction module.
Original Source
Unlike other Blockchains, HiveDollar (HBD) has a saving-based interest rate feature that is integrated into the HIVE Blockchain. But it still lacks HiveDollar (HBD) Circulating supply to get attention from crypto whales who wish to earn 12% or more APY with blockchain integrated secure investment.
With HF26 (the upcoming hard-fork of the HIVE Blockchain), we hope HBD will start competing with the TerraUSD Algorithmic Stablecoin market & it will boost HIVE to the moon.