Newbies Initiative Task5 : Tipping, minning and trading hive tokens
Image made by @projectmamabg
My journey of learning more about hive through the newbies-initiative continues, I keep learning new things every day. Last week we learn about tokens, tipping and mining of tokens and how to sell and buy tokens.
In this post, I will be answering some questions for the 5th task for the newbies-initiative.
Mention 3 Abuse of tipping/Mining token service
Establishing a new account to tip yourself. When a person creates another account to be able to increase their tokens through tipping themselves. This is a fraudulent act and an abuse of tokens.
Collaborating with someone such as a friend to use tipping bot to increase tokens is considered an abuse of tokens.
Self-tipping through the usage If wrong tipping commands such as you writing a post and using the top command without this code ` in the front and back of the tip command. The tipping bot will recognize your command and result in you tipping yourself but with the code, it looks like this
!luv
and the tipping bot won't recognize your command.
What is the difference between Hive and Swap.Hive
The main difference between hive and swap.hive is that Hive is the first layer and used for commenting, voting and other transactions on the blockchain while Swap.hive works with the second layer, the tokens. It is used for trading and swapping tokens.
List 4 Decentralized Exchanges on Hive.
- Leodex (leodex.io)
- Beeswap (Beeswap.dcity.io)
- Tribaldex (tribaldex.com)
- Hive-engine (Hive-engine.com)
step-by-step conversion of Hive to Swap.hive
For this conversion I used leodex.
Step 1: I checked my hive on ecency
Step 2: I log in to leodex through my hive keychain
here's the page after I was able to sign in
Step 3: I clicked on deposit and enter the amount of hive I want to convert which is 1.1
Step 4: I confirm that I want to make the transfer
Step 4: After confirming, I went to check my hive on ecency
The hive was successfully transferred.
Step 6: I checked my tokens on ecency and saw swap.hive
To convert back my swap.hive to hive.
Step 1: I went back to hive keychain app and sign in to leodex
Step 2: then I click on withdraw and enter the amount to withdraw which is 1.09
Step 3: I was asked to confirm the withdrawal which I did
Then I got the message that my transaction was successful
Step 4: I checked my ecency to confirm
Here is my swap.hive balance
Initially, when I started my task I tried using hivesigner to authorize the transaction on leodex but I kept getting an error message that my transaction was not broadcasted, I don't know why. So I had to do the conversion through the hive keychain app and it was quite simple. To think I was so worried when the error message kept popping up, am glad I was able to get it done.
Appreciation
A big thank you to @newbies-hive, @hive-learners and to the newbies-initiative teams @starstrings01, @ksam @theycallmedan and the @aliento for this initiative that awards us the opportunity to learn. Shout out to the queen of engagement herself @hopestylist my amiable team lead for all your support and advice. I also appreciate all my teammates, you guys are the best.
Congratulations @geelocks! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 2250 upvotes.
Your next target is to reach 800 comments.
Your next target is to reach 800 replies.
You can view your badges on your board and compare yourself to others in the Ranking
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To support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Thanks @hivebuzz
Wow, three badges in a row, that's awesome @geelocks! 🎉🎉🎉
Just out of curiosity, has the program helped you understand better about hive and its ecosystem? outside of these task, have you ever tipped anyone?
Yes, the program has help me understand hive better than I did a month ago and I know a lot more than I did before joining the program. The teachers, the newbies initiative team and each team leads ate amazing, they have helped us alot
I tired tipping someone some
!luv
but I haven't reach the minimum to number to have for the tipping. Now that I know more about tipping, I definitely will be using it more@geelocks, sorry! You need more $LUV to use this command.
The minimum requirement is 10.0 LUV in your liquid wallet.
More LUV is available from Hive-Engine or Tribaldex
that's good to hear! You should try hive tipping from peakd too when you can. Great features and I think many people should try using that.
Oh, thank so much, I will try it out.
Thanks for your lovely comment
Wonderful responses to the questions
Hive is a vast ecosystem and the more you dig deep into it, the more you understand other cool stuffs on Hive.
!Hiqvote
Thank you @ksam. Am becoming familiar with hive with each task. Am glad am part of the initiative. Thanks so much for your comment and all the teachings
!LUV
@geelocks, @projectmamabg(5/10) sent you LUV. wallet | market | tools | discord | community | <>< daily
HiveWiki
HiveBuzz.me NFT for Peace
Thank you @projectmamabg
Weldone dear you have answer everything perfectly well
Thank you @moremoney
Impressive as always, I love how you explained everything in your own words, that's really nice, keep it up dear.
I'm glad you are learning a lot from the program and I hope you keep trying them out so you can get better at them.
Oh, thank you TL. Your comment always mean the world to me 😍😍😍
I definitely will keep doing that. I even bookmark all my lessons, so I can refer back to them if I have anything to check out.
You're always welcome dear.
Wow, that's nice, see why I can't stop praising you, hehehe, keep up the good work my darling 😘
Thanks TL
You're welcome dear
This is very nice!!! You supposed to join the lecturing crew for the next Newbies Initiative 🤗🥰😁
🤣🤣🤣🤣🤣 @kingsleyy, I love your joke. How can a newbie be coaching other newbies
Lol. Our leader was once a newbie na
You are right, but let me get the hang of hive thoroughly first.
Na you know. Me that I've started suggesting your capability to them🤗
🤣🤣🤣
On Hive, we keep learning and it's so exciting when we are able to do things like this on our own after being guided. I use Hivesigner to convert Hive to swap.hive and I don't encounter any error. Well, I think the Hive keychain app is easier for you. This is why there are different methods to use which makes it easier.
I popped in through Dreemport 🤗
It is so exciting, am grateful for the newbies initiative. I now know more about hive that I initially did.
I think I was the only that encounter the error with hivesigner. Am grateful for the different methods.
Thanks for stopping by
Really educative, came in via @dreemport
Thanks for stopping by
Good to see you are learning a lot about layer 1 and layer 2 in the Newbies initiative!! !PIZZA
Thanks so much @samsmith1971.
I gifted $PIZZA slices here:
@samsmith1971(2/15) tipped @geelocks (x1)
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