Direct from the desk of Dane Williams.
Walkthrough for getting free MATIC for gas fees using Hive’s swap tokens on Hive-Engine.
Following the launch of PolyCUB DeFi on the Polygon blockchain, I see the same question being asked over and over:
“How do I get free MATIC for gas fees so I can get started?”
Unfortunately, there right now doesn’t seem to be a single free MATIC faucet that’s working.
So this walkthrough will show you how to use HIVE to get free MATIC for gas fees.
Let’s jump right in.
1. Get a free Hive account
If you’re here looking for free MATIC for gas fees but don’t yet have a Hive account, it’s actually super simple to sign up.
LeoFinance makes it easy to create a censorship-resistant Hive account using nothing more than your current Twitter handle.
Simply head to leofinance.io, click the get started button at the top to create your account.
Claim your keys, add them to Keychain and you’re now able to earn HIVE rewards from posting/commenting/curating that you can use to get free MATIC for gas fees.
If you already have a Hive account, you can of course skip this step and use the HIVE sitting in your wallet.
2. Deposit HIVE into Hive-Engine
Hive-Engine is the home of Hive’s layer-2 token ecosystem.
Currently the cheapest way to deposit HIVE into Hive-Engine is to use HivePay SWAP.
But to keep things simple, use the Tribaldex front-end to deposit HIVE by clicking your wallet at the top and then choosing HIVE from the drop down.
You will now see that deposit sitting as SWAP.HIVE in your wallet.
3. Swap SWAP.HIVE for SWAP.MATIC
Click the pools tab at the top and then swap your SWAP.HIVE for SWAP.MATIC.
This is an asset backed token, meaning that the Hive-Engine team is holding MATIC and thus its price remains pegged.
4. Withdraw SWAP.MATIC to your Polygon wallet
Finally, click on your wallet at the top and then the withdraw button.
By earning HIVE from your social activity, you now have what is essentially free MATIC for gas fees.
Final thoughts on getting free MATIC for gas fees
The Hive Blockchain is extremely powerful because it allows people to invest nothing more than their time to earn free crypto.
By simply adding to the discussion on any of Hive’s Web3 social media dApps, you’re able to earn free crypto.
Yep, by doing nothing more than posting, commenting and upvoting comments.
Crypto that you can then permissionlessly transfer to other networks like Polygon.
Hive - The biggest sleeping giant of the crypto industry.
Best of probabilities to you.