Another time to write after receiving lectures from back to back. This particular task isn't easy for me especially the part of buying and selling, I must say that it is a complex topic but with much effort and trying, I can do something at the end.
In this task, we are to talk about tribe-token, tags, and buying and selling of Leo tokens✌️✌️
What do you understand by tribe token and give two examples each?
Tribe tokens are token rewards given by tribes or authors for a post. Tribetokens are used for voting, staking, or accessing exclusive features of quality content. They are given to upvote or promote the uniqueness of a post.
Examples
Neoxian ="Neoxag tokens"
Ladies of hive ="Loh tokens"
leofinance = "Leo tokens"
What is the difference between tags and tribe tokens?
Tags
Tags are used to create awareness of a post for its visibility. Tags make a post visible for the curators of such a community, for example, using tags about the post and community gives the post more attention. Tags can be used to help discover and engage with content-related topics or post on hive Blockchain.
For example; writing a post that is aligned with emotions and feelings and deciding to use a DIY tag do doest correlate. So, therefore, the post can be downvoted for not using the proper tags. This does not mean all communities use their tags, some have specific tags for example; hive learners ="hl-exclusive", India unUnitedses a contest for their weekly contest.
Tribetokens
Tribetokens are rewards given by a tribe or community for a particular post. Tribetokens can be earned through quality content by the community. They are owned by the communities to individual users. For example; ="Neoxag tokens", Ladies of hive= "Loh tokens", leofinance="Leo tokens" etc
How to start buying and selling with Hive Engine, and successfully place a buy and sell order of LEO tokens or any Hive-engine token
Download keychain
Goto search page
Search for Beeswap
Click and choose the first token to convert
Choose the second token to receive
Check the image below for more insight
Screenshot from my page
How to buy orders of Leo tokens
Enter hive-engine.com/trade/leo
Click on market
Go through the sell orders to see how much people are willing to sell their tokens
Go to buy orders to see the bids
Buy a token from the highest to the lowest amount
Aim to buy low and sell high
Confirm the amount and buy Leo
How to sell the Leo token
Go to buy orders to see the bids
Go through sell orders to see how much
Sell from lowest to the highest
Place bid at the highest amount
Confirm the amount and sell Leo
Images 1 was designed with Canva while the others are screenshots from my keychain browser page.
All thanks to the admins and lecturers taking their time to lecture on what we need to know. God will increase you all in knowledge 🙏 Special thanks to our team lead @phyna for always standing by. We appreciate you sis🤗🤗
Thanks for your time on my task, feel free to point out any corrections in the comment section.