Invest with Confidence: The Benefits of Hive Backed Dollar for Crypto Investors

Are you tired of unstable cryptocurrencies that seem to fluctuate in value at the slightest hint of market turbulence? Look no further than Hive Backed Dollar (HBD), the native stablecoin on the Hive blockchain that's revolutionizing the way we think about digital currencies.

With HBD, you'll never have to worry about your investment losing value or being subject to the whims of market volatility. HBD is built to hold a steady $1USD value in the most decentralized ways possible, ensuring stability and reliability for investors of all kinds.

But how does HBD maintain its $1USD peg? Through two ingenious decentralized conversion operations: HIVE to HBD conversion and HBD to HIVE conversion. These two operations work in tandem to keep the price of HBD firmly anchored to the value of the US dollar, all while benefiting from the fee-less and fast transactions of the Hive blockchain.

The HBD to HIVE conversion allows for set amounts of HBD to be converted into $1USD worth of HIVE, with no extra fees attached. This conversion takes 3.5 days to finalize, and the price is determined by the median price of the coming 3.5 days to prevent market manipulations.

On the other hand, the HIVE to HBD conversion is a collateral-based conversion that allows users to convert HIVE into HBD. After initializing the conversion of a set amount of HIVE, the user immediately receives an equivalent value of HBD, with the remaining HIVE returned after 3.5 days. The price is determined by the median price of the 3.5 days, and there is a 5% fee that is burned in the process.

But the benefits of HBD don't end there. By placing your HBD savings in a Savings Account on Hive, you can generate returns with an annual percentage rate (APR) that's currently sitting at a whopping 20%! Saving is an action that locks the HBD with an unlock time of only 3 days, ensuring quick and easy access to your funds when you need them.

And where can you buy HBD? Look no further than the internal markets via HiveBlog or Ecency, as well as popular exchanges like Blocktrades, Bittrex, Tribaldex, Upbit, and XBTS.

So what are you waiting for? Take advantage of the stability and reliability of Hive Backed Dollar and invest in the future of decentralized finance today.