Hbd is a very powerful and useful token out there. It has amazing utilities. I mean you can choose to save in hbd. The good thing about saving in HBD, especially on hive is that you get returns. This way you're not just saving, you're investing. Your money doesn't just stay passive, it earns you a certain amount after a period of time.
The good thing is that the more you save the more percentage earn. People can choose to save enough HBD to meet their different needs, maybe pay rent or school fees or buy certain school materials or basically pay bills.
A lot of people can choose to save hbd on hive instead of saving in their local currency and it makes sense because the value still remains.
Another good thing about HBD is the fact that the value does not change. It is a stablecoin. HBD at pegged at $1 and that's it. It doesn't go up, it doesn't go down. This gives people more confidence to save their money in hbd because if you put a certain amount in hbd the amount remains the same. There's no risk of loss.
We have seen that the crypto market is a volatile one and there could be sudden crashes which can make you lose your money. So HBD which is stable gives that assurance which a lot of platforms or cryptocurrencies can't offer.
Another good thing about HBD is that it can be converted to Hive which is the native token of the hive platform. This is good because if you need or want to take advantage of volatility in the market you can easily convert your hbd to hive and benefit from a potential surge in price.
For example if you have conviction that the price of hive is going to rise in a few days you can just easily convert your hbd to hive and you can profit when the price of hive rises.
In addition hbd can also be utilized to do things. Perhaps if you have certain needs and you require some money, you can just utilize your hbd to sort them out.
Ultimately, the advantage of hbd is in its stable price and the fact that you can earn more from it.
As for me I take advantage of all the benefits HBD offers. Which is why I think hbd is a very important cryptocurrency for me.
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