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RE: Newbies Initiative Task4: Hive-engine, Tribes, Tokens And Tags

in Hive Learners9 months ago

Interesting that the newbie initiative would have you buy and sell tokens on the hive-engine. I say that because the Hive-engine is very important as a tool to get your asking price for a coin when speculating on a coin's price but there are better tools for simply converting from one coin to another. As you noted your hive-keychain can do the same task more easily for a simple buy/sell but hive-engine means you can wait to get your desired price on a buy/sell (if you are willing to wait).

As for tribes and tokens there is a little more to it than that. Any person can make a token if they wish to pay the fee involved. I've done just that with the GLD token. Sometimes the token is used to support a community (like my $GLD token with the #earnspendgive community), sometimes to support a tribe (like $SPT for Splinterlands or $AFIT for Actifit), but sometimes they are for specific uses within a tribe such as SPS and DEC within the Splinterlands game.

Communities and Tribes can have different levels of Hive feel. Hive Learners is very social network based and would be a community. Splinterlands is very game like and would be a tribe. Actifit functions both as a tribe and community so maybe a hybrid of both :)

As you said....Hive is vast :) There is Hive the crypto backbone. Hive the social media site. Hive the dApp engine. Tribes that are purpose built communities which may or may not appear on the social media site. Communities which are like tribes but not actually set themselves apart as much as a tribe.

All very frustrating :)

Good luck on your journey!

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Wow! This is very enlightening! I know, I still have so much to learn about Hive. TBH I have been using my Keychain to perform swaps but this task required us to make use of Hive Engine.

Thank you so very much. I intend to increase my GLD tokens (I have only been holding the ones you graciously gave me). Now, I am trying to get the hang of so many things but there is a lot of progress I must say.
Thanks once again.

 9 months ago  

Well the $GLD token is on the hive-engine and I make sure to keep buy and sell orders available for those who use the platform but usually use ecency, hive-keychain, or tribaldex to actually exchange the coin (better rates for small amounts). I totally understand why #hivelearners wants people to be able to use hive-engine as it is important but more for speculation if you ask me.

Side note... feel free to tag me (or add me on Discord) if you have questions about Hive. I'm not an authorized trainer but I do know a fair bit about the platform :D

Oh, great! I am taking you up on that discord chat offer☺. Can I find you with this same username? I agree that some discussions are better done privately, smh...

 9 months ago  

@tergan604 is my discord username. It is my original account. @terganftp is an account I started with nothing and put no money into just hard work to show people that you can make money on Hive. After I made my first $1000 I started moving money around and @hivebbyftp is designed to bring in income to support the $GLD coin and this account has a different goal now....which I'll reveal when I hit my next $1000 HBD valuation :)

This is amazing! I am glad to connect with you. My message will soon drop in your DM. Thank you so very much.