![Screenshot_20240511-033649.jpg](https://files.peakd.com/file/peakd-hive/monica-ene/23vrpouqhHARGNDQkThYuZh9qLpdDRnjwFLtdizShkEtM1S693zsWDmK3LLEVFmVeZM81.jpg) Image designed on Canva

The HBD is the native stable token of the #hive blockchain, and its stability has been consistent for a good while now. The token began to gain significance with the announcement of the 20% APR on savings, and a lot of people have made use of that opportunity to earn a stable income from the interest payout. Saving at least $6kHBD will make anyone entitled to a monthly interest rate of $100HBD. This is one investment strategy that is not really common.
The 20% APR is quite huge for anyone willing to invest in the long term, and in 5 years, the $6kHBD principal investment amount will have been gotten as the interest from savings stands at 1200HBD for a year. With a 20% APR, HBD stands to have the highest paying rate in the crypto space and a zero gas fee transaction rate, which should make the token an attractive one, I wonder how many people outside the Blockchain knows about this? ![Screenshot_20240511-033909.jpg](https://files.peakd.com/file/peakd-hive/monica-ene/23tRxJ4zjSNM5eLSGsffotEqvK4jCNsS9tuJsH5E1izufDLwhVYedN5kay6oGBHzDYRGt.jpg) # Use cases of the HBD token. Today is another day to talk about the various ways and things we can do to promote the use of HBD. Unlike other stable tokens like the USDT that are in exchange and constantly being used, I want to look at one way I perceive that we can put the HBD to practical use.
The #earnspendgive community has been sponsoring projects in my community here, making use of the HBD token. Here a link to look into what the project is about and how some HBD has been the principal investment fund sponsoring this project.
A principal amount was invested, and the interest has been used for several purposes. You can check out the most recent blog about the project here. While some 60HBD has been sent recently for research on the minimum amount needed for a healthy lifestyle, the HBD needed to be transacted to the hive first and then to the fiat token needed, and this is because the token isn't accepted as a means of exchange here yet. Which leads to my next proposal, even though I am completely unaware if such exists.
# Hive market place This usage proposal came to mind at the sight of the prompt topic for today. The proposal is to create a Hive market where #HBD can be used as the native token for buying and selling products in that market. I am quite sure that there is a market place in hive already in a community I have once come across but I can't say if the token for exchange is HBD. In hive market place,individuals can post a product they want to sell, and people within such cities can purchase it from them, paying the cost price using the HBD tokens. For instance, my friend here who breeds and sells chicken within Ilorin metropolis can upload pictures of his birds, adding a HBD price tag to them. We can place our orders on the blockchain, pay in HBD, and have our delivery sent. Below is sample of a Ilorin #Facebook marketplace that is effective working in my town here. This can also be done on the #hiveblockchain. ![Screenshot_20240511-023043.jpg](https://files.peakd.com/file/peakd-hive/monica-ene/244eQsHviLzKgCh9PW1UE22gqkpYDgXMvbNJjiiUpD1k6hG56C8kp2E5fks8vvSAFfYjb.jpg) My FB page screenshot.
Another use case for HBD on Hive is the #spendHBD initiative, where communities have been reaching out to smaller businesses outside the blockchain to accept payments in HBD. This will foster the use of the token as those business people will have to come onboard the hive to have a wallet to operate with and can even earn more from saving their finances on the blockchain in the form of HBD.
>How HBD can be used to boost our economy. Introducing all of these HBD use cases into our economy can be one way to boost people's businesses. We can carry out decentralized transactions without government affairs, taxes, or charges. Different kinds of goods can be bought and shipped down, making payments using HBD.
>Any proposed strategy to manage my crypto Aside from wishing that all of the above-mentioned initiatives were implemented, I had often wished to begin a HBD savings journey. In the past, I have set goals for which some saved HBD generated interest that was used to sponsor some personal projects. The #SaturdaySaversClub is one good place to start such a journey and monitor its progress with others.

>This is my submission to the #mayinleo and I'm using this medium to invite other hivers to come and participate in this prompt with a lot of interesting topics via this link All images are designed by me. Hope you had a good read and Thank you for stopping by. Posted Using [InLeo Alpha](https://inleo.io/@monica-ene/use-cases-of-hbd-spend-hbd-initiative-and-promoting-the-use-if-hbd-token-with-juicy-20-apr-the-highest-in-crypto-space)

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