It's four weeks already and am so excited to write on the newbie initiative task 4 topic which is how to buy and sell hive tokens, what Tribe tokens and Tags means.
Is a very important topic which helps me as a newbie to know how to sell my hive tokens myself instead of sending it to someone to either help me buy or sell. Incase am in need of money,and also how to buy the hive tokens for future purposes incase the token increases, I now have knowledge on how to go about it on the Hive Blockchain.
Tribe tokens are rewards given by different leaders of different communities on the Hive Blockchain when you you post or partake in a community weekly prompt. The tokens are for upvote and to encourage the content creator.
Examples of Tribe tokens are Leo token which is LeoFinance community and Loh token which is Ladies of hive community.
Tags are used to create awareness of your post to a particular communities mentioned in the tags. Examples of Tags are: proofofbrain, waivio, Neoxian and so on while Tribe tokens are rewards we get in return for writing a weekly prompt.
Tags are also used on other social media platform so as to make the post easy to find while Tribe tokens are only used on hive blockchain.
All my thoughts was that buying and selling is a task that is very difficult to do but with the help of a friend and the lecture I received,I was able to understand it perfectly.
I used beeswap to make the transactions. The steps I used to buy and sell tokens are as follows:
Step 1
Firstly,I logged in to my Hive keychain app and click on browser to convert my Hive token to swap.hive. Below is the picture of it
Step 2
On the browser, I logged in to Hive Engine using my username then I clicked on market to check the price of Leo token, I saw the price and I decided to get Leo token because of it value, I bought Leo token and waited for some minutes before it reflect in my account.
I was able to use 2 swap.hive at the rate of 0.251500 to get 11 Leo tokens.
I can also sell the Leo token on hive engine by logging into my hive keychain app. On the left part of it is a small box which I clicked on and it brought out different options after which I selected market and it brought out options either buy or sell.
All thanks to the leaders of the newbie initiative especially @phyna you are a leader indeed.
All images are owned by me.
Thank you for reading my post.