You can stake the HIVE tokens on your Hive account's wallet to get Hive Power. 🤓 You will !INDEED get 1 Hive Power for every 1 HIVE that you stake (in denominations of 0.001). 😏 !DIY
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You can stake the HIVE tokens on your Hive account's wallet to get Hive Power. 🤓 You will !INDEED get 1 Hive Power for every 1 HIVE that you stake (in denominations of 0.001). 😏 !DIY
This means transferring something to somewhere else, I guess that's transferring hive to hive power?
Converting HIVE to Hive Power is more of "staking" !INDEED than simply "transferring". 🤔 You can also directly stake HIVE as Hive Power to any other Hive account, not just your own. 🤓 !DIY
Cheers, :-) so i can assume that the hive is not in the hive social network Until it's in HP?
So 'powering up' or 'powering down' is actually taking currency from within to without hive social, yes?
(removed some words cos peakd said so)!indeed
More Hive Power allows "greater influence" on the Hive community by giving you more worth for your curation votes and votes for Hive Witnesses and Hive Funding Proposals. 🤓 Hive Power also benefits from roughly 3% inflation per year. 😏
I don't know what you mean with
not in the hive social network. 🤯 The HIVE token itself can be used as a form of payment, while Hive Power is staked HIVE that provides you !INDEED with "more influence" at a cost of a 13-week undelegation period. 😅 !DIYBy 'not in the hive social network, I mean,... umm internal and external to the hive platform.
I mean if I have hive on a hard wallet or exchange its not to the benefit of hive social(best words I can think of).
If I move that hive to the wallet on keychain, its still (I think) not to the benefit of the social platform, but when I move to to HP then it is?
Many Hive users would say that simply holding HIVE (not necessarily as Hive Power) already helps the Hive community, because it !INDEED helps keep the price of the token up (or keep from going down). 🤯🤓 !DIY
Cheers !indeed
You can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSYou can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSYou can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATS