Hi, just a quick post to see what people are doing with their Hive-Backed Dollars (HBD) as I am unsure myself. HBD similarly to SBD, with such a low supply will be very easy to pump, something that happened heavily in 2017.
I haven't had a good look yet, but I have no idea what the value of the tokens are currently, but I assume that if HBD is going to be converted at a 1 dollar peg ratio, the best bet for me at this point is to convert it (takes 3.5 days) and see what happens.
However, (I did some exploring) going on 's new https://hiveblockexplorer.com/
So, I have a question, will the conversion be at the "one dollar" or will it be at the HBD price?
Currently,
at the $1 a HBD in conversion would = ~5 HIVE
at the $0.71, it would equal ~3.5 HIVE
So, what are people doing with their HBD? Are you holding it waiting for the markets to open (internal is closed still I think), or are you converting it hoping to get it at a $1 ratio? Is there a haircut applied still?
I have about half my HBD in conversion now, and wondering what I should do with the rest.
Taraz
[ Gen1: Hive ]