Newbies Initiative Task5 : Tokens on Hive and how to trade them

Hello People!βœ‹

Nice to have you on my blog again, thank you for always stopping byπŸ₯°



This is my entry to the 5th Task in the Newbies Initiative and it's centered on understanding the various tokens on hive and how to trade them



Before I continue, I'd like to appreciate all the brains behind this initiative. You guys have succeded in making us to stand firm on hive already. A big thank you!😍πŸ₯°


Abuses of Tipping/mining tokens

  • Self tipping with another personal account: it's against the code of operation when a user decides to create another account just to be using it to command the tipping bot to tip the first account. This is illegal and I think it should be publishable by lawπŸ€”.
  • Self tipping via liaison with another user: This is done by getting another user to command the tipping bot to tip you while he does the same on your account. It looks like a smart move but it's not fair and it's against the code of usage.
  • self tipping through irregular usage of the command on your article, comments or any other places that don't need it: This is easily done by freely typing the command keys without putting it in quote. It should be placed like this !luv , !pizza to avoid activating the command. This should be taken into consideration when you're trying to explain tipping to someone.


Difference between Hive and swap.hive
This difference is very clear, Hive is used on first layer while the swap.hive is used on the second layer.
On the exchange layer, hive is not seen there, that's to say, Hive can't be used to swap or purchase any token but what's allowed is swap.hive.
They're very similar and have same value but hive works at the upper house while swap.hive works in the engine room.

Some of Decentralized exchanges on hive

  • Tribaldex ( tribaldex.com)
  • Leodex (leodex.io)
  • Beeswap (Beeswap.dcity.io)
  • Hive-engine (Hive-engine.com)

Conversion of Hive to Swap.hive
I'm very familiar with tribaldex.io but when I tried this afternoon, it refused to process and I guess that was due to network issue.
So I'd be showing the process with leodex.io

First of all, the screenshot below is my Hive balance and I'll be converting 1.1 of it to swap.hive.

I clicked on leodex.io and login with my HIVESIGNER...it was easy and that's because maybe I already have leofinance Frontend on my phone already.

From the screenshot above, I clicked on 'DEPOSIT' and the screenshot below appeared;

As you can see, it's simple like that, I added the amount I want to deposit and I clicked on 'DEPOSIT HIVE' to get it processed.

Then the screen below popped out which demanded for transaction approval.

I clicked on 'APPROVE' and it was done in a second.


Then I went to check my main Hive wallet and I met it reduced as expected. It was 6Hive before but now 5Hive.

Also, I went to check the second layer zone(Hive engine) and I met the converted 1.1 Hive as swap.hive as you can see on the screenshots below;


To convert it back;
I went back to the leodex.io and click on 'WITHDRAW' as seen below;

I entered my username (the hive account I'm transferring to) and clicked on 'WITHDRAW HIVE'. It took me to the approval spot and I clicked APPROVE.

And that was it!

It reflected instantly on my wallet as main Hive as seen below;


Thanks for reading



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27 comments
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Are your screenshot from ecency or peakd

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All of them sir.
Some were from ecency, peakd, leodex.

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Am familiar with Leo dex and hive engine. I used both layers to convert my hive to Leo tokens to participate in the Lpud.

But rather surprisingly I’ve never heard of splinderdex before. I can swear this is my first time reading or hearing about it. But I think another time I will use the splinderdex cause today I had a little problems with hive engine.

Not technical but I couldn’t use the market order and I had to use Leo dex.

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Thank you bro!
I guess you were referring to tribaldex with that "splinderdex". Someone once showed me how to use tribaldex, I used it only once and I became familiar with it.

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Congratulations @kingsleyy! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 2750 upvotes.
Your next target is to reach 3000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

HiveBuzz World Cup Contest - Collect badges and win prizes - 4518 HIVE prize pool
Support the HiveBuzz project. Vote for our proposal!
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Seems this task is easy peezy for you.. You have already shown a good understanding of the task. I tipped you a tiny hive! Weldone.

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LolπŸ˜‚πŸ˜‚.
It was supposed to be easy but I had a brain racking section when tribaldex failed but all thanks to the easy loedex.io

Also, I love doing these tasks earlier to escape any incoming battle with time and chances🀭.
Thank you sir for all you do πŸ™ŒπŸ™Œ

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I was a little bit confused on how to go about this task. However, your detailed explanation is a saving grace.

More grease to your elbow bro. You are doing well and we are proud of you

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So fastπŸ˜€ and you answered all question so well detailed, you really understood what was taught, well done Kingsley.

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They're yet to score it, so I don't know if passed all the questions. Lol πŸ˜‚πŸ˜‚.
Thank you dear

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Even though I have never used Leodex.io before, after reading your article this time I know how to use Leodex.io. This is because you explain very detailed and easy to understand. πŸ˜πŸ‘

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Thank you for stopping by bro!
I'm looking for to read yours

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Thanks for this well detailed and straight forward explanations. You really simplified the task for a beginner.

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Thank you ma!
Let me go and read yours asap to see your magic tooπŸ₯°

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I must commend you for always being the first to do your task, chop πŸ‘ŠπŸ‘ŠπŸ‘Š.

Your explanation was great and easy to understand. Anyone can make conversion just from reading your post. Keep it up bro

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πŸ€—πŸ€—πŸ€— Thank you so much dear 🀩

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I can't believe that I did not comment or even up vote this post, wow! Please don't mind me, I totally forgot.

You did a really good job with the explanation given and I'm sure it helped others a lot, keep up the good πŸ‘.

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Your backup alone is greater than the comments and upvote. No argument!

And now you've commented, it's now Backup + comments + upvote=heavy weight.
Thank you ma🀩

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Hahaha, you know you know how to flatter me Che? I'm happy my comment means that much to you, then I will try to always visit you because I want to support you, I'm not in my best mode now 🀣.

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