Are you still investing in complicated schemes, unaware of risk-free 20% interest on stablecoin HBD?

Alex Mahsinsky, founder of the Celsius network was arrested for committing fraud, misleading the customers and SEC also termed CEL (native token of Celsius Network) as security. Celsius network allows the user to deposit their crypto to earn interest on their deposited crypto. Practically when you deposit your crypt you lose control of your crypto because it is not your keys, not your crypto".Users gave up control on their crypto to earn interest on their crypto, Since once they gave up their control on crypto to earn interest, In worst cases they even ended up losing the principal amount also,(crypto deposit made.)

Celsius was just an example that how people lose their money in trying to find some "passive" income for themselves. There are lot of complicated schemes and a lot of other types of investments that will cause you to relinquish control of your crypto that include purchasing mining power, investing in cloud mining, and depositing your "x" amount of crypto to get "y" amount of crypto back. All of these "schemes" cause loss to majority of the people when they learn that they were deceived.

HBD (Hive Backed Dollars), is a stable and safe bet that pays 20% APR.

HBD, Hive-backed Dollar is the stablecoin offering from the Hive blockchain and 1 HBD is collateralized with $1 of the Hive. To earn interest in the HBD you do not have to send your HBD to others or relinquish your control in HBD instead all is needed to "Transfers to Savings" (if you are not aware of Hive blockchain, then understand it as "locking/staking your HBD". In this process, you still own and control your HBD and start earning 20% APR in your HBD.

One thing to note is that once you "Transfers your HBD to saving" then the reverse process is not instant instead you have to wait for 3 days to get back your HBD in liquid form. This actually gives you protection against the hackers also because if your account gets hacked, then the hacker will not be able to get you HBD funds immediately instead, he have to wait for 3 days. If you are able to start your account recovery in these 3 days then you can successfully defend against the hacking attempt.

So still you think that you should be chasing other complicated schemes for APR when 20% APR is quite easy, safe and stable.

Posted Using LeoFinance Alpha