bHBD

bHBD

BHBD
$0.623769576

Key Metrics

Price$0.623769576
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$9,792,293
ATH$1.048
ATH Date10/11/2022, 10:02:27 AM
ATL$0.908771
ATL Date11/10/2022, 1:14:17 AM
Circulating SupplyN/A
Total Supply50K
WebsiteN/A
WhitepaperN/A
Popularity Rank5927
Chart
What is bHBD?

bHBD is a wrapped version of the Hive Backed Dollar (HBD) token on the Binance Smart Chain (BNB) blockchain. The Hive Blockchain's HBD is a well-established algo-stablecoin in the cryptocurrency industry, but it has faced challenges in gaining widespread acceptance. To address this, HBD has a fixed savings rate of 20% to increase demand for the token. Despite the increase in demand, there remains a supply issue with HBD, which is where bHBD and its accompanying liquidity pools, bHBD-BUSD, and bHBD-CUB come in to provide liquidity to the HBD market on the Hive Blockchain.

The bHBD token is fully backed by the HBD token on the Hive Blockchain, with a 1:1 ratio, making it an ideal solution for users to move in and out of the Hive ecosystem. With bHBD, users can access a convenient on-ramp and off-ramp solution, allowing them to transact with ease while earning yield in the form of CUB tokens. By providing liquidity, bHBD helps to support the overall stability of the Hive ecosystem, making it an important piece of infrastructure for the Hive blockchain community.

BHBD is a revolutionary solution to the limitations faced by the Hive Backed Dollar (HBD) on the Hive Blockchain. HBD has been one of the longest standing algorithmic stablecoins in the cryptocurrency world, but its mass adoption has been hindered by supply and demand issues. The Fixed Savings Rate of 20% for HBD has helped resolve the demand problem, but the supply of HBD still remains a challenge. This is where bHBD and its associated liquidity pools, bHBD-BUSD and bHBD-CUB, come into play.

BHBD is a wrapped version of the HBD token, built on the Binance Smart Chain (BSC) blockchain. It is backed 1:1 by the native HBD token on the Hive Blockchain and offers users an easy onramp and offramp solution to the Hive Ecosystem. With bHBD, users can easily flow in and out of the Hive Ecosystem while earning yield in the form of CUB tokens. This not only provides liquidity to the HBD market on the Hive Blockchain, but also encourages mass adoption by providing an attractive opportunity for users to earn passive income.

In conclusion, bHBD is a game-changer for the Hive Ecosystem, providing a much-needed solution for the supply and liquidity issues faced by the Hive Backed Dollar (HBD). The combination of ease of use and the potential for passive income make bHBD an attractive option for both new and existing users of the Hive Ecosystem. The addition of bHBD and its associated liquidity pools is poised to significantly boost the adoption and usage of HBD, making it a more accessible and user-friendly token for everyone.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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