Hive Backed Dollars, or HBD, is a very important part of what makes the Hive Blockchain valuable. The stablecoin is meant to be a medium of exchange, encouraging people to transact with each other in a new parallel economy while keeping stability in service and product prices.
The introduction of the 20% APR savings rate for HBD changed all of that. People stopped using it as a medium of exchange for goods and services and just started locking it up to earn the interest rate. In this post we are going to talk about why it's important to get back to the idea of making HBD a medium of exchange instead of just another token to stake and earn yield on. We want to thank @theycallmedan and @starkers for bringing this issue to light and starting the #spendhbd campaign!
Supporting Crypto Friendly Businesses
As we have talked about many times on our blog, it's extremely important to go out and actively support crypto friendly businesses to create an alternative to the traditional economy. So instead of a bank telling us what we can and cannot spend our money on and tracking our every move, a crypto based economy supports a peer to peer economy.
There are many Hive based businesses out there that are popping up that accept HBD as a form of payment, our Hivelist Store being one of them. It's important to use these businesses above looking to the traditional corporations that are swallowing everyone without a care for the people at all. There are merchants out there that are starting to accept HBD, so if you are a Hiver, you need to be supporting these businesses to help keep them alive and keep HBD flowing as a medium of exchange.
Prioritizing Utility
In conclusion, revitalizing HBD's role as a medium of exchange is vital for the long-term viability of the Hive Blockchain. By actively supporting crypto-friendly businesses and participating in initiatives like the #spendhbd campaign, individuals can contribute to the resilience and prosperity of the decentralized economy. Let us collectively prioritiz the utility behind the stablecoin bringing HBD's significance back to the true use case it was intended for.
Do you have products or services you want to put up for sale and earn crypto?
Come and take a look at becoming a vendor on our store! We pay in HBD for all of your sales and commission! We handle all payments and exchanges so you don't have to worry about all of that! Sell your own products or submit your designs to our print on demand service!
If you are interested in starting your own ecommerce business in the crypto world, then click here to learn more about becoming a Hivelist Store vendor!
Want to make some extra HBD? Become and Affiliate!
Come and sign up to be an affiliate and get paid monthly for any sales you refer to the store! Affiliate commissions are 5% of the profit from any sale! Get started as a Hivelist Store Affiliate Partner today!
Don't forget, we have Hivelist Store gift cards!!!
Need to get a special gift for someone, but don't know what to get them? Have you tried introducing someone to the crypto currency world, but want to make it an easy introduction, then try out one of our in store gift cards! You can purchase them with any number of our accepted cryptocurrencies!
https://hivelist.store/product-category/gift-cards/
Keep calm and Hive on!
https://hivelist.io - main info site
https://hivelist.org - blockchain classifieds/NFTs/DEFI Pool
https://hivelist.store - multi-vendor e-commerce retail store and professional services marketplace
An E-Commerce Solution For A Cryptocurrency Based Economy
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