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Notes from a Novice Trader: Unique Features of the Hive Engine DEX

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Like any other product, Hive Engine has features which aren't found in other, similar, products. This edition of "Notes from a Novice Trader" is focused on the features which separate Hive Engine from both LeoDex and Tribaldex. Below are the unique features of Hive Engine.


Cover Image made using HTML and CSS except for DEX graphics. DEX graphics are from their respective DEXs. Light edits made using MS Paint.Graphic table made using Excel 2003 and lightly edited with MS Paint.


Unique Features of Hive Engine Cheat Sheet

Above is a graphic table showing the unique features of Hive Engine. Below is text version of the same table:

CategoryHive EngineLeoDexTribaldex
Active List**YES!NONO
RichList @ XPLRYES!NONO
Rewards ClaimsYES!NONO
Layer 2 Token SwapsYES!**NONO

Describing the Unique Features of the Hive Engine DEX

Active List

On the left side of the Market page for the exchange at Hive Engine is a list of 30 active Layer 2 tokens. Clicking each symbol calls up the Market Depth page for that symbol, and this included the basic Market Data such as BID/ASK, 24-hour volume, and the last quoted price.

If you want to see Market Depth pages for layer 2 tokens not on the Active List, there are 2 ways I know of to do that:

  • The Hard Way -- Visit the Tokens page, wait for it to load, then search for the symbol;
  • The Easy Way -- Edit the URL in the web browser's address bar to replace the current symbol with the new symbol.

Richlist Accessible via HE Explorer

While both Hive Engine and LeoDex provide access to the Richlists of every Layer 2 token, Hive Engine does it by using a link pointing to HE Explorer. For example, if I wanted to view the Richlist for LEO, I would have to do the following:

  1. In the navigation area, click the link labeled EXPLORER; the address for this link since I'm logged in is https://he.dtools.dev/@magnacarta.
  2. A new window is launched showing my recent activity on the blockchain. In the navigation area for this page is a link labeled Richlist; click that link;
  3. By default the link points to the Richlist for BEE (Hive Engine's native token). On the same level as the H1 heading for the BEE Richlist is a one-field form where a symbol is entered; enter the symbol LEO, then click the [GO] button.

Instead of a native interface to access the Richlist of any Layer 2 token, Hive Engine just uses a link pointing to HE Explorer, and even then it requires an extra step to reach the Richlist.

On top of that, the link Hive Engine uses isn't even labeled [RICHLIST] but rather [EXPLORER]. Unless someone knew these details, anyone would be under the impression that Hive Engine doesn't have a Richlist feature.

Rewards Claims

Shortly after receiving rewards in HIVE, I will receive rewards in Layer 2 tokens. Claiming these rewards is the main reason I use Hive Engine these days. I used to do staking and delegating (and their opposites) using Hive Engine, but I switched to LeoDex for those operations.

There is a delay from the time a reward is claimed for a Layer 2 token to when the claim is reflected in the wallet. I'm still trying to time this delay, but I think it's 15 minutes. Reward claims can be done at any time, so there isn't a priority is making the claims instant as are reward claims for HIVE at Layer 1 or even Ecency points.

Hive Engine states that rewards can only be claimed one time per day (auto and manual), but I've been able to make well over 10 claims a day. This may not be what is supposed to happen, but this has been my experience.

Layer 2 Token Swaps

Just as Hive Engine powers both LeoDex and Tribaldex, the ability of Hive Engine to perform native swaps between Layer 2 tokens is powered by DSwap.

That's the idea, anyway.

I've tried making swaps using tokens I'm trying to clear out of my wallet to exchange for more desirable tokens. I fill out the form which Hive Engine pops up for Swaps, and after hitting the SWAP button it looks as if Hive Engine is processing the swap request. After a few moments, however, it's as if nothing happened.

Whether Hive Keychain is required or not, I didn't have any success with swaps. Maybe I did it wrong at Hive Engine. Maybe I'm not using Keychain properly (which is possible since I never wanted to use it in the first place). Whatever the reason is for my failed attempts at using Hive Engine for swapping Layer 2 tokens, it may be better to go directly to DSwap to perform this particular task.

Just My Two Sats

Of the 3 HIVE DEXs, Hive Engine looks most like an old-school web site: design takes a back seat to functionality. I began using Hive Engine for its wallet and rewards claiming capabilities, then for staking and delegating, and even for sending tokens to other accounts. I'm used to Hive Engine, and Hive Engine works well for me in those contexts.

When it comes to trading, though, I prefer using LeoDex. Both Hive Engine and Tribaldex charge 1.00% per transaction, which is why I went with LeoDex and its 0.25% per transaction fee.

Hive Engine is also slow and a bit cumbersome to use outside basic wallet operations, so use it when time is not at a premium.

For trading-- buying and selling Layer 2 tokens-- I go with LeoDex, then Tribaldex, then Hive Engine.

Rewards claimimg is the main reason I stick with Hive Engine these days, but that's a very useful feature to have.

You're experiences will vary from mine, and that's OK (especially if they've been more productive than mine).

โ— If you liked this post, please give it an upvote.โ— Please reblog or re-Hive this post if you found it useful.โ— If there are corrections or clarifications I need to make concerning post content, let me know in a comment so I can update the post and give you credit for the correction.โ— As I am neither a cetrified professional accountant nor a licensed broker, posts concerning cryptocurrency, commodities, securities, and money are presented for informational purposes only; DYOR.

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