NEWBIES INITIATIVE TASK 5: ON TIPPING / MINING TOKEN SERVICES

Our Newbies initiative has been ongoing for quite a time. Thanking God Almighty for Everything 🙏 💃🏼. This is the 5th tasks of the intiative and am glad to key in My entry.

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Image by @projectmamabg

Answers to the following questions on tipping/mining token services

Mention Three (3) Abuses of the Tipping/Mining Services
Abuse is the improper or excessive use a corrupt practice or customs
Things can be Abused and hive token are not Left out and it includes:

  • Tipping yourself in a fraudulent way thereby creating another account and transferring the tipping to your own account.
  • Collaborating with someone in a way of give and take whereby you tip the person always and he or she does verse versa.
  • Tipping in an incorrect way the correct way to tip is to use the
    ! command as in !Luv, !Alive,!hbit and others.
  • Begging for tipping from other users in any form .

What is the Difference between Hive and Hive.Swap
Hive operates in the First Layer for performing activities like posting, commenting, rebloging and upvoting it can't be used directly on the other layer where hive is used whereas swap.hive operates in the Second Layer where hive is not used directly but only swap. Hive is used.

List the decentralized Engine on Hive
The Decentralized Engine on Hive includes

  • Leodex

  • Tribadex

  • Beeswap

  • Hive Engine

  • Convert 1.1 Hive to swap . Hive and convert*
    For this Practical Exercise am using Leodex
    First of All is to click on the Link and Login with your details

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Click on deposit then deposit the amount you want like I did with 1.1 hive as instructed

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Then it will be seek your approval before proceeding to successful

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Proceeding to check my Account it already reflected 💃🏼

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  • To transfer it back to Hive
    Click on the withdraw

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Enter the swap.hive to Change it back to Hive
NB:1.1 Swap.hive couldn't go through so I had to convert back 1.0 swap.hive.

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Then I checked it out in My wallet there is the hive back

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My Little Hive reduced but am happy 😁 I finally learned this and enjoyed it after feeling it would be otherwise.

All Thanks to God Almighty for Everything 🙏.
Thanks my lead Leader @hopesylist,Thanks my dear @kingsleyy for this Amazing lecture and Guidance,
Thanks you the #hivelearners, @starstrings01 and @ksam. To my wonderful Team Members @moremoney28 , @geelocks,@mosesessien, @treasure-joshua,@patakwa,@tomiajax and my fellow hivers God Bless us All Abundantly 🙏.

Thanks for visiting My Blog ❤️.
Positivity is Our Watchword

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