image designed by @projectmamabg
it's another week, yet another task given to us by the Newbies Initiative team, can you believe it's task5 already, how time flies, as usual, I will be answering some questions given to us to show I actually understood what was taught by our tutor @Ksam, thank you for the well detailed study materials also at the help meeting on tribe tokens, tipping tokens, mining tokens and hive engine usage.
1 Mention 3 Abuses of the Tipping/Mining Token service
Just so you know, the act of abusing tipping and Mining of tokens is bad and it is punishable, you could get blacklisted and not have the right to tip and mine anymore.
Tipping and Mining token can be abused by;
Opening a new account to tip yourself
having series of account /users who liason with each other to tip themselves.
Publishing a post about the tokens and not using quotes, for each commands in other not to get them activated.
What is the difference between Hive and Swap.Hive
The differences
| Hive | swap.hive |
|---|---|
| it's a first layer token | it's a second layer token |
| it can't be used to purchase hive engine token because it is not visible on the second layer | it can be used to purchase hive engine token because it is visible there |
3 List 4 Decentralized exchange
- Hive engine (hive-engine.com)
- LeoDex (leodex.io)
- Beeswap (beeswap.dcity.io)
- Tribalde x(tribaldex.io)
4 Convert 1.1 hive to Swap.hive and convert it back to hive.
Converting Hive to Swap.hive
In this conversion, I used the LeoDex exchange, because I found it easier.
1st step, I opened leoDex.io on my browser
Next, I logged in my hive signer
And clicked on the deposit button
I typed in 1.1 as the Hive I am depositing,
Which brought me to the next page where I have to approve the transaction, which I did,
Next, transaction completed, and I received a notification almost instantly.
Converting from Swap.hive to Hive
I went back to the home page and clicked on withdraw this time
At the next page, I typed in 1.09 swap.hive
Next, I approved the transaction,
Transaction completed!
Notifications received for both transactions above
My heartfelt gratitude goes to all the @newbies-hive initiative team, to mention few, @starstrings01, @theycallmedan, @aliento , @projectmamabg and @ksam my team leader @vickoly, their help so far has produced visible results, thank you all so much.
Images used in this post are screenshots gotten from the LeoDex.io exchange platform and the notification image was screenshoted from my ecency app.
Thank you for visiting my blog❤❤