HBD Savings & Hive Power: Best Saving Medium In The world Right Now
Hive has been said to be a crypto hub which is like a socialFi, it’s the combination of a social media platform and a financial platform. Social media platform in the sense that it’s a platform that lets people socialize and engage like you would do on social media, with the leothreads, you can microblog just like tweeting and with other frontends you can use it to blog, lots of things can be done on the blockchain. There is no limit to what the blockchain can do yet, one of the best use of the blockchain is the financial part where you can invest and store your coins and tokens on the blockchain.
Investing in the sense that you can buy Hive or any of the layer 2 tokens. That is great investment because the value can pump, increasing the value of your investment, you can also stake it and earn curation rewards from it. This is an opportunity you can hardly find somewhere else. Hive best opportunities in my opinion is the Hive Power and the HBD savings, how so? Hive is the native token for the blockchain this means that it is forever going to be the most important coin on the blockchain. So having it is like owning a bitcoin on the Hive blockchain, staking it for Hive power is another thing because, not only does it give you the ability to invest on Hive, it lets you lock it up and can only be fully withdrawn after 13 weeks.
This is the reason why some people have been hodling their Hive and I think the 13 weeks withdraw period is great, the mere thought of thinking of how you are going to wait for 13 weeks makes you don’t want to withdraw it. You can delegate your HP to an active curator or follow their curation trail to earn more Hive or HP if you are too busy to curate. This is done for free and can be stopped anytime. This is a privilege and an opportunity that can only be on Hive.
If you are also scared of the Hive coin volatility, the StableCoin, HBD(Hive Backed Dollar) is there for you. With its own unique opportunity which is the 20% APR on savings, sure this another great opportunity you don’t see everywhere. You can as well make Hive your piggy bank, where you save your money, by converting fiat to HBD and save your here.
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