Hello and Welcome!

Can you believe it is four weeks Already? Yes, four weeks ago I began an incredible journey as one of the successful applicants selected to participate in the first edition of Newbies Initiative for 2024. How time flies, right!

_{Image designed by me in Canva}

Week 4 Task

In this post, I will be giving my response to the questions arising from the Week 4 tutorial, or rather this is my response to Newbies Initiative Task 4.

The focus for this task is Hive Engine, Tribes, Tokens and Tags. It is amazing that though Hive seems like a small platform, yet it is very vast when you have the patience to take a closer look, study and understand how it works.

Below are the Task 4 questions and my answers.

What do you understand by tribe token and give two examples each?

First of all, we need to understand what tribe means before talking about tribe Tokens.

Tribes refer to different communities on Hive blockchain while tribe Tokens refer to the rewards which someone earns by using those communities for posting and engaging, or by tagging those communities in a proper way.

Two examples of tribe tokens are:

1. $Leo from the Leofinance community (InLeo)
2. $Alive from We Are Alive Tribe.

What is the difference between tags and tribe token?

The major difference between tags and tribe token is that tags are topics relevant to the content of a post or article while tribe tokens are rewards generated by using those topics or by posting in the relevant communities.

Tags are represented by the # sign while tribe tokens are represented by the $ sign. For instance, #pob is a tag while $pob is a token.

Follow through the material for buying and selling with Hive Engine, and sucessfully place a buy and sell order of LEO tokens or any Hive-engine token of your choice. showing all steps taken with screenshot.

As I continue below, I will be taking you through the process I used to place buy orders for BEE tokens and also sell order for LEO tokens.

First, I had to use my Keychain for Hive app which I had downloaded sometime ago. After logging in, I took a look at my tokens to decide which one to use for this illustration, after which I decided to use BEE tokens to illustrate how to set buy order and use LEO tokens for my sell order.

Clicking on the browser button (the round icon that looks like a net at the bottom of the wallet page) on my Keychain app, I went into Hive-engine website so I could perform my transactions.

Realising that I needed more swap.hive to be able to purchase the tokens I wanted, I switched back to Keychain to swap 2 liquid Hive to swap.hive, after which I returned to Hive-engine.

I selected BEE from the tokens list, input my bidding price, and indicated the number of tokens I wanted before Clicking buy. Of course, the system already calculated the total amount I would be spending. As soon as my order was completed, my BEE tokens increased by 2.

Then I proceeded to set the sell order for my Leo tokens. Selecting Leo from the tokens list, I decided on the my asking price and filled out the selling form indicating how many Leo tokens I wanted to sell, before Clicking Sell Leo button. Immediately my sell order, was fulfilled, my available Leo tokens reduced by two.

The procedure I have shared above can be used for buying and selling any of the tokens available on Hive-engine.

I hope the screenshots I shared have helped you to understand the process of buying and selling tokens on Hive-engine better.

Thank you for reading my post. My appreciation goes to @eunice9200 and @starstrings01 for the amazing job they did taking us through the week 4 tutorial to prepare us for this task.

I look forward to hearing from you in the comments to know what you think.

First Image: designed by me on Canva.
Screenshots: Captured from my Keychain app and Hive-engine Dex using X-recorder app on my phone.

Thank you once again.