Witnesses can increase the interest rate on Hive Dollar savings to encourage the holding of HBD in savings, or vice versa. When the price of Hive Dollars are below $0.97, it executes the Convert from HBD function. After 3.5 days, it uses the Hive to buy HBD, removing HBD from supply. Unlike above, this is not a guaranteed profit for the DHF, but with a sufficient margin (hence $0.97) it should make profit more often than it makes a loss. Symlix.com needs to review the security of your connection before proceeding.
There is only three crypto exchanges on which you can trade HBD. The top exchange by buy/sell volume for the last 24h is Upbit with btc trading pair. When a user converts HBD, they do not know what the feed price of Hive will be, nor the price at which they can sell that Hive after 84 hours. The actual value of collateral will vary due to the difference between the feed price and real price.
HBD Price Live Data
With a well-established hive dollar like Binance or Coinbase, you can trade 24 hours a day and every day of the week. Our Hive Dollar exchanges table show liquidity and also rating to measure how trusted is these liquidity stats. Both of these convert functions serve to bring the price of Hive Dollars back to $1 – eventually, over time.
My hope is that we can hive dollar that, and perhaps this post can be the basis for any such changes. The Hive Dollar to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next. There is no recent price data for this coin, because we don’t see trading activity currently. Placing your HBD savings in a Savings Account on Hive will generate returns. Saving is an action that locks the HBD with a unlock time of only 3 days.
Most exchanges need a minimum $50 deposit to exchange it for crypto. The best place to store the crypto you have bought is in wallets outside the exchange. The first choice is a hardware wallet, and then you can go with the official coin wallet and third-party software wallets.
What is Hive coin?
Hive (HIVE) is a cryptocurrency with core features to support content-oriented decentralized social blogging platforms, but also powers an incredible array of financial and social projects. The Hive blockchain can host long and short form posts and comments by users, which can be curated and rewarded by the community.
The debt limit and haircut above exist to protect the Hive network from the possibility of runaway Hive inflation. In such a scenario, HBD will also have increased risk and likely have an even larger discount than the haircut. This scenario is so far purely theoretical and there is much debate over whether it can happen in practice. When the price of Hive Dollars are above $1, it sells HBD for Hive on the native Hive DEX. It then transfers the Hive to the DHF where it is instantly converted to Hive Dollars. This instantly adds new Hive Dollars to the supply while making a profit for the DHF.
The HBD Stabilizer trades HBD on the internal market to ensure the stability of the HBD price. This operation is a collateral-based conversion. After initialazing the conversion of the X amount of HIVE to HBD, the user gets Y amount of HBD immediately. The Y is equivilent of the value of X/2 of the HIVE. The cost for Y amount of HBD is calculated after 3.5 days and the remaining HIVE is returned to the user. The price is the median price of the 3.5 days.
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— Daniel Esteban Martinez hive with us podcast (@danielhivemind) February 24, 2023
Some also come from the DHF, which also receives an allocation of Hive inflation. View the total and circulating supply of Hive Dollar, including details on how the supplies are calculated. An overview showing the statistics of Hive Dollar, such as the base and quote currency, the rank, and trading volume. Over the last day, Hive Dollar has had 0% transparent volume and has been trading on 7 active markets with its highest volume trading pairs being . Wallets are incredibly important to securely store your cryptocurrencies and to interact with Web3 apps. Hive has multiple community-owned and open-source wallets available for Windows, macOS, Linux, iOS, Android & Web.
Executing this contract allows a user to access the virtual collateral which backs their Hive Dollars. For example, if a user executes the convert function on 10 HBD, after 84 hours they will receive $10 USD worth of Hive. The exchange rate is determined by the median of the Hive price feed over that 84 hour period. The price feed is maintained by the witnesses of the Hive blockchain, who act as oracles for the price of Hive. The table below shows all exchanges where you can buy Hive Dollar crypto, such asUpbit, Upbit Indonesia , Bittrex, etc.
They must post an excess of Hive as collateral, equal to twice the value of HBD based on the lowest hourly feed price of last 3.5 days, combined with a 5% fee. The collateral is deducted immediately and HBD amount is credited instantly. After 84 hours the Hive is returned, minus the value of the HBD and the fee.
Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. Over the last 24 hours, a Hive Dollar is worth 0.45% more. Visit our currency converter page to convert HBD prices to currencies other than USD. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. Another coin that I was after is the HIVE coin, it’s now toasted with RSI at very low and near the end of the consolidations withing that ascending triangle. I expect a huge breakouts to about $1.00 Trade at your own risk. Also you can see Hive Dollar arbitrage possibility percentage marked as ‘%’. Incorrect feed, and minimizing the importance of timing.
Top 8 MetaMask Alternatives Here are 8 wallets that can be used in place of MetaMask, including SafePal, which offers a comprehensive crypto management suite. Tokenomics data for this coin is currently unavailable. Now you can exchange, just fill amount and click Buy or Sell order. After entering your card information you will get a coin in your wallet.
The earliest https://www.beaxy.com/ data for Hive BTC Dollar is on March of 2020 . There are two decentralized conversion operations designed to achieve this goal. HIVE to HBD conversion and HBD to HIVE conversion. These two operations keep the price at $1USD with a tight margin.
- For example, if a user executes the convert function on 10 HBD, after 84 hours they will receive $10 USD worth of Hive.
- The interest rate is voted by the witnesses and is variable.
- HBD is a native stablecoin on the Hive blockchain.
- The required collateral is twice the HBD amount divided by the lowest hourly feed price in the past 3.5 days before the conversion.
Describing that savings account mechanism as staking is probably a good idea. Gives people a better understanding of what it is. The world of cryptocurrency and to the individuals who use the Steem network.
Debt Limit and Haircut – If the ratio of Hive Dollars to Hive reaches a certain threshold, Hive reduces the production of Hive Dollars, eventually ceasing completely. At another higher threshold, the amount of collateral provided by the conversion contract reduces, known as the “HBD Haircut”. This is effectively a partial default on HBD debt held by the Hive blockchain. The primary source of Hive Dollars are from regular inflation in Hive. A portion of regular inflation is allocated to post rewards, 50% of which is paid in the form of Hive Dollars.
It is funded by the Decentralized Hive Fund, a native DAO on the Hive Blockchain that allows stakeholders to commit capital to purposes that benefit the network. It can also be funded by Hive posting rewards, as well as donations from Hive community members. The HBD Stabilizer is a trading bot funded by The Decentralized Hive Fund . The DHF is an autonomous organization, run by the Hive community, which has over $25.6 million dollars in capital at time of writing.
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Text ‘apple’ to schedule a 1-on-1 call with Anthony & Daniel. Text ‘LAND’ to join The Million Dollar Land Mastermind. pic.twitter.com/aaSsymDOPz
— hive with us podcast network (@hivemindcrm) February 24, 2023
The percent change in trading volume for this asset compared to 24 hours ago. CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. When the price of Hive Dollars are below $1, market makers can convert their excess HBD to Hive, removing supply of HBD from the market to increase the price. When the price of Hive Dollars are above $1.05, market makers can convert their excess Hive to HBD, creating new supply of HBD in order to bring the price down. The percent change in trading volume for this asset compared to 7 days ago.