The task for this week is about tribe token and hive tags. This is an aspect of the blockchain that has confused me for a while but thanks to the help of this great team I've been able to understand what they are and how to use them.
Firstly I will start by explaining tags.
Tags are names of communities, they are usually done with as hashtag (i.e.#tag) which means the hash sign before the name of the community which should be in small letters use various tags to represent communities while using the tags make sure that the post you are using it for is in line with the terms and policy of the community to avoid being sanctioned.
What I mean is this, let's assume I made a post about food and the current economy of Nigeria, I can use #foodie and #hivenija because the both tags relate to the topic, but if there is no form of relationship between the topic and tag it is advisable not to use the community as tag.
Moving to tribe tokens. This is a token given to you by a community for using them as a reference or using their frontend on your post. These tokens are more like tips and signs of appreciation given to you by a tribe. This tribe tokens are pob,Neoxag,leo.etc these are few of the many tokens we have. They are more like the local currency of a tribe.
Moving to the next Face of this week's task, how to buy and sell with Hive Engine, and successfully place a buy and sell order of LEO tokens or any Hive-engine token of your choice.
To buy and sell on hive engine, first you sign in then go to market and check the buying price available and also the selling price available so as to know what you really want or if the market meets your demand and if not you can list your price so anyone interested can buy or sell with you.
If I want to sell my Leo using a hive engine I will go and check the asking price and pick the one that I am comfortable with and sell.
I would love to buy but I'm not having enough tokens to buy. So I will skip that all that is important to know is the steps involved and try to check the asking and bid price to know how much you are willing to buy or sell.
I will be giving you a guide on how to sell using screenshots.
I'm making use of hive key, I first go to the browser option click on it and search for hive engine, sign up and then move to click on market a comprehensive display of the market will be shown on buy and sell market but before you get to the market you will see a column where you can choose the token you wish to buy or sell.
When you choose you can go to the buy and sell market to check for the available bids and before I forget there is also a space where you input the value of when token you wish to sell and the amount of token you wish to sell or buy and the total or cumulative price will be displayed on the last column then you place your buy or sell order.