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Hive Dollar

Hive Dollar

HBD
$0.9955Down 2.01 percent($0.02)

Key Stats

Market Cap$31.80MDown 2.01 percent
Volume (24h)$78.95
Fully Diluted Value$31.80M
Vol/Mkt Cap (24h)0.00%
Total Supply31.94M HBD
Max Supply∞
Circulating Supply31.94M HBD
Launch Date2016-03-24
Built OnHIVE
Smart Contract Addressnot ap…able
Decimal Places3

Hive Dollar Information

Websites
hive.ioWhitepaper
Industries
Stablecoin

Hive Dollar Price Converter

Hive DollarHBD
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Latest Hive Dollar News

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Hive Dollar Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Hive DollarBTC logo
HBD-BTC
BTC-HBD
upbit logoupbit
B
0.0₄1180BTC
0.00%

Hive Dollar Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
HIVEnot applicable2016-03-24

About Hive Dollar

Hive Backed Dollar (HBD) is a native stablecoin on the Hive blockchain. HBD is built to hold $1USD value in the most decentralized ways. It benefits from the fee-less and fast transactions of the Hive blockchain. There are two decentralized conversion operations designed to achieve the $1 peg. HIVE token (the original native token of Hive Network) to HBD conversion and HBD to HIVE conversion.

Frequently Asked Questions

Hive Dollar (HBD): Hive Dollar, commonly known as HBD, is a stablecoin native to the Hive blockchain. Its value is meant to remain close to 1 USD, providing a stable medium of exchange within the Hive ecosystem. Being a stablecoin, HBD offers reduced volatility compared to other cryptocurrencies, making it preferable for specific transactions or as a stable store of value on the Hive platform.

The Hive Platform: Hive is a decentralized social blockchain that emerged as a hard fork from the Steem blockchain. Designed to support Web 3.0, decentralized applications (dApps), and online communities, the Hive blockchain prioritizes speed, scalability, and user-friendly fee structures. Content creators on Hive can earn crypto rewards for their contributions, with HBD being one of the payout options alongside the Hive Power (HP) token.

HBD serves several purposes within the Hive ecosystem:

  • Stability: As a stablecoin, HBD offers a predictable value pegged closely to the US dollar, making it attractive for users and dApp developers who prefer to avoid extreme price volatility.

  • Rewards Payout: Content creators on the Hive platform have the option to receive their rewards in a mix of Hive Power (HP) and HBD, allowing them to benefit from both token appreciation and a stable currency.

  • Market Transactions: HBD can be traded on various exchanges and can also be used for transactions within the Hive ecosystem, especially for services and goods that prefer a stable medium of exchange.

John Furneaux and Eric Typaldos are the co-founders of Hive.