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Hive Dollar Review

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Poor

Revainrating 3 out of 5  
Rating 
2.9
Crypto Projects

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Description of Hive Dollar

Hive Dollar (HBD) is a cryptocurrency launched in 2020. Hive Dollar has a current supply of 0. The last known price of Hive Dollar is 0.94452845 USD and is down -4.38 over the last 24 hours. It is currently trading on 2 active market(s) with $115,561.70 traded over the last 24 hours. More information can be found at https://hive.io/.

Reviews

Global ratings 2
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Type of review

Revainrating 2 out of 5

My opinion about the project Hive Dollar

Fundamentally this token is supported by Hive, its framework just as the worth of the cash. The fundamental principle for the issuance of this token is Hive's market capitalization, which can't surpass HBD by 10%, this as per issuance rules. As a rule, it works like different resources that have the worth of 1USD however with the identity that to be given the client submits his Hive in the principle environment, so every symbolic will be supported by resources properly impeded. (For the…

Pros
  • It is upheld by Hive tokens.
Cons
  • It is recorded on couple of trades.

Revainrating 4 out of 5

A little-used stablecoin.

Basically this token is backed by Hive, its infrastructure as well as the value of the currency. The main rule for the issuance of this token is Hive's market capitalization, which cannot exceed HBD by 10%, this according to issuance rules. In general, it works like other assets that have the value of 1USD but with the particularity that to be issued the user commits his Hive in the main ecosystem, so each token will be backed by assets duly blocked. (For now it only receives support from…

Pros
  • It is backed by Hive tokens.
Cons
  • It is listed on few exchanges.
  • Outside of the Hive ecosystem it is of little use.