Newbies Innitiative task-5 :tribe tokens, tipping tokens,mining tok...

Hello friends. This is another week of Newbies Innitiative. This is the post on 5th week.This week's topic is very important as well as interesting. Let's start.

My heartfelt gratitude to Hive account@ksam .He delivered an amazing lecture about tribe tokens, tipping tokens and mining tokens.

Its time to answer the amazing questions of this week task.

MENTION THREE ABUSES OF TIPPING/MINING TOKEN SERVICE

Sometimes people who abuse this tipping/mining service. Its a common things. Everywhere there are some people who misuse the opportunity. Some people do it intentionally or someone do without knowing. As a newbie we should have clear knowledge about it.

Different kinds of abuse

Creating fake account for tipping ownself

Sometime people create fake account and tip ownself from fake account.But nothing remains hide in Hive. If someone does this he must be caught after several times.

Tipping yourself

This is another way to abuse this service. Its happene when someone tip ownself.Its prohibited. So we must be careful about it.

Exchange of tip

It's happen when two user make deal that they will tip one to other. Its a shameful work as well as punishable.

WHAT IS THE DIFFERENCE BETWEEN HIVE AND SWAP.HIVE

HIve is a first layer token while swap.hive is a second layer token.

As hive is not visible on the second layer token it can’t be used to purchase hive engine token but swap .hive is visible on hive engine token.So we can use it there buy other tokens.

LIST 4 DECENTRALIZED EXCHANGES ON HIVE

Here is the list of 4 decentralized exchanges on hive

▪︎Hive engine (hiveengine.com)
▪︎LeoDex (Leodex.io)
▪︎Beeswap (beeswap.dcity.io)
▪︎Tribaldex ( tribaldex.io)

PRACTICAL EXERCISE

CONVERT 1.1 HIVE TO SWAP HIVE

I'd be doing this using beeswap.
We have have go through the link and we will find this page.

Atfirst we have to login with our active key.We have to set a password. Password must be strong.

Then we will convert our hive to swap.hive.We have to be careful whether the arrow mark is shaw.hive to hive or hive to swap.hive. If it is opposite then we have to click the arrow.

We will input 1.1 hive.As there is 25% fee.

Then we will click convert and then inputting the password conversion will be successful.
Then if we want to convert the swap.hive to hive we have to just click the arrow.

Then the same procedure we have to follow.