Considering the current HBD price we decided to donate part of March funds we received back to the DHF
THANK YOU: First things first... we want to thank all those voting on our Development proposal There are literally thousands of you voting on it. It's making a big impact on what PeakD is able to do.
KEEP AN EYE ON THE NEXT FEW MONTHS
We don't want to share too much, but just keep an eye out on the next few months over at https://peakd.com/
Development may be faster than you've ever seen before in the history of the website. We said that the proposal would do this and it is paying off.
DONATION: Why the donation? Given the price pump of HBD today on the Upbit we exchanged some of our funds. While it wasn't exchanged at the $2 mark it was close and it's awesome and considering that price and how grateful we were to the opportunities the HDF has given PeakD we decided to send back 5000 HBD to the Hive Development Fund.
HBD PRICE: It would be really nice if HBD were pegged to $1 USD ... however in the meantime Hive is certainly making lemonade out of the less than perfect situation. In fact it may even be a really awesome temporary situation. There are presently few if any businesses dependent on the 1:1 peg so while it's not directly hurting any companies In the meantime several users have created opportunities to make the development fund grow by leaps and bounds at anytime HBD is not at the peg... which is great for the long term development of Hive.
For users that aren't aware of how it works.
- HBD that goes into @hbdstabilizer account is used to buy Hive from the market each hour.
- Then sent back to the @hive.fund account.
- Any Hive tokens that are sent to @hive.fund is immediately converted to HBD
- And thus the development grows.
You can see it in action on the @hbdstabilizer wallet page... each hour! (Edit... now up to 1800hive an hour from about 660hbd)
This does provide enterprising individuals the opportunity to buy that HBD from the market and sell it on exchanges where the price is way above the intended peg and above the value they bought it for from the internal hive market. #arbitrage
COMMUNITIES:
In the meantime we still want to hear from you if you're using the new community features
@jarvie/has-your-community-added-the-new-features
SUPPORT @PEAKD
- Support our witness: https://peakd.com/me/witnesses = @steempeak
- Support our Hive Fund Proposal: https://peakd.com/me/proposals/52
- Post PeakD related content on our community: created/hive-163399
- Join our discord: https://discord.gg/Fy3bca5