RE: Newbies Initiative Task 5: Hive Tokens And It's Trading

I enjoy reading your tips for newbies.

The tribes and alt-coins are extremely confusing. I would approach the subject by noting that there are numerous coins traded on Hive-Engine which one can see on the Hive-Engine Tokens page.

Anyone can create a token. It costs 100 BEE to create a token.

Many of the tokens are associated with tags and communities.

A program called scotbot distributes the rewards. This link shows the configuration for the POB token.

https://scot-api.hive-engine.com/config?token=POB

There are some curation accounts which reward posts for a tribe. It is wise for new users to research the different tribes and to find the right tribe for their content.

Many of the tribes accept generic content. Some want specialized content. LEO is interested in content related to crypto and finance. STEM is interested in Science, Engineering and Math, etc.

Some the the tribes will downvote accounts that abuse their token.

So users are wise to chose tribes related to their posts and to avoid abusing the token.

Your post had the line:

It's illegal for a user ...

HIVE is not run by law. It is run by code. For the most part code is king.

The code allows for downvotes and blacklists. When tribal leaders feel that an account is abusing their token, they can blacklist the user.

Your post focused on comment rewards. These rewards are often distributed by programs that read comments and look for certain keywords like !WINE .

These comment rewards have different rules. Many require that users stake a certain number of coins before they can distribute the rewards. As I recall, WINEX requires 25 tokens.

The Hive Bit coin does not require a staking, but only the root author of a thread can use it.

Anyway, I like your post. The main thing I wanted to say is that HIVE does not have laws. It is a blockchain where code is king. Anyone can create a token. Many of the tokens have blacklists to prevent abuse. So, while there are no laws, one should research a token before employing it. I have 25 WINEX and it has been two days since I called the command. So, I will give it a try on this post.

!WINE