How I Use HBD

Hive Blockchain has a number of tokens; the popular ones are Hive and HBD (Hive Backed Dollar). $Hive is the native token of the blockchain, while $HBD is the blockchain’s stablecoin.

Its price is equivalent to that of USD, whereas Hive has the potential of rising or falling, HBD remains fixed following the price of the USD.

Hive and HBD can be converted to different tokens across the blockchain, but most transactions are done with Hive.

Ever since I joined Hive Blockchain, I have preferred to have HBD over Hive, and my reason is clear: it is stable.

Most times, I prefer to save or stake HBD rather than Hive. Apart from the 15% APR attached to saving HBD, one is also assured that his or her assets won't depreciate as a result of market instability.

Hive also has a number of advantages. The unstable price makes it unique; the price can be low today and boom, it is high tomorrow.

My friend once told me of a time when the hive skyrocketed to a dollar per hive. Even though it was a very long time ago, imagine the gains those who were able to hold their tokens took home.

Sometimes, we need a little patience; we need to wait a little more, and we will smile again.

Everyone on the blockchain uses HBD differently; some prefer to save, some prefer to convert it to hive.

For me, I do both. Sometimes I save HBD, other times I convert it to Hive so that I can easily transact it.

The reason why I converted to Hive, and not stake for returns, is that there is usually a stipulated period of time (3 days) attached to withdrawal.

Sometimes, I may not have all the time to wait for that long to use my earnings. I can remember a time when I was in a very critical situation. The money I had was saved as HBD, and I needed money urgently.

I placed a withdrawal, but unfortunately, I had to wait for three days. In order to solve the problem I had, I took out a loan from a friend.

Well, I won't discourage anyone from either converting HBD to Hive or staking them for returns. If you don't have any urgent need for money, it's best to save but if you have challenges, it's not bad to convert it to Hive and transact it how it best suits you.

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N.B: All Images Were Generated By Gemini AI