Newbies Initiative Task 5 : Mining/Tipping of Token, difference between hive and Swap-hive, Decentralized Exchange Platforms on hive and Converting of Hive and swap-hive to each other
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Its a new week with a a new task by the @newbies team. It task 5 whose lecture was anchored by @ksam through SMILE on the discord server aside the materials which was provided, it's detailed and self explanatory. It is based on Tribes Token, Tipping/Mining and Usage of Hive-engine. I hope to do justice to the couple of questions that were drawn from the task above.
![IMG-20221119-WA0010.jpg](https://files.peakd.com/file/peakd-hive/seunny/23swier48HzMZ6upmee7xjaEdoEFoy9eetMNe6dPEfixs6pG8GxFSaevtR7ibD9JKsMJj.jpg) <center>**Difference Between Hive and Swap-hive**</center> ![IMG-20221119-WA0011.jpg](https://files.peakd.com/file/peakd-hive/seunny/23t76sjMhYuwUPcqfV8h8WZ4mDxGjoEA67FpDgc5VCFHEixjR3farEHedV6d6noC84Yzg.jpg) |Hive||Swap-hive| |-|-|-| |This is a first layer Token||While this is a second layer Token| |It is not visible on the hive-engine (only second layer is visible, thereby it can not be used to purchase Token| | It is visible in hive-engine, so it can readily be use in the purchase of Token| ![IMG-20221119-WA0011.jpg](https://files.peakd.com/file/peakd-hive/seunny/23t76sjMhYuwUPcqfV8h8WZ4mDxGjoEA67FpDgc5VCFHEixjR3farEHedV6d6noC84Yzg.jpg) <center>**Examples of Decentralized Exchange on hive**</center> ![IMG-20221119-WA0010.jpg](https://files.peakd.com/file/peakd-hive/seunny/23swier48HzMZ6upmee7xjaEdoEFoy9eetMNe6dPEfixs6pG8GxFSaevtR7ibD9JKsMJj.jpg) 1. Leodex (leodex.io) 2. Beeswap (beeswap.dcity.io) 3. Trabaldex (tribadex.io) 4. Hive engine (hive-engine.com) <center>**Converting of Hive to Swap-hive and vice versa**</center> At first I had issues login into the hivesigner, i tried various password but couldn't go through, so i contacted some senior friends here on hive who put me through on how to go about it. I was directed to removed my account from hivesigner and re-signup, which works perfectly. **Deposite** step 1 :- I made use of leodex through it's website leodex.io. Once I type the website into my browser it brought up their homepage , after which I supplied my username, then i was redirected to hivesigner website where I signed up by typing in my username along with active key, then I was instructed to creat a new password of which I did. ![Screenshot_20221120-074759.jpeg](https://files.peakd.com/file/peakd-hive/seunny/244eGLiVWAMagomfUQL4Zbx421vWaHa9wi3fVmDKzPoLUaXAyetZiX3iFoeDufSFuRSSt.jpeg) ![Screenshot_20221120-074812.jpeg](https://files.peakd.com/file/peakd-hive/seunny/244of1651vYrDm4rjX84o9wFJAAbixMV61CfmcSvsJaUEAZfLwkXY8v2KYsPGstfhQEXk.jpeg) Step 2 :- I wemt back to leodex homepage amd click on Deposite and fill in 1.1 hive as the amount to be deposited. ![Screenshot_20221120-080054.jpeg](https://files.peakd.com/file/peakd-hive/seunny/2458V6rtB34fRXvzSmo6grakyZ9yiJjhMpfzqVwyCGakS3Heb8ZCvs8R9gExpoa8Xi8df.jpeg) Step 3 :- From the above i was referred to a page on Hivesigner with call to verify and approve the transaction. ![Screenshot_20221120-080123.jpeg](https://files.peakd.com/file/peakd-hive/seunny/23tcNRVyjQJ89tkvBPefiN37uFEok5Xz4xUhw6JttWHxjdLYF4aBDSvmKr3AtQyKifUKQ.jpeg) Step 4 :- After clicking on approve, the deposite transaction was successful and i have a transaction ID as evidence? ![Screenshot_20221120-080153.jpeg](https://files.peakd.com/file/peakd-hive/seunny/23tcP5UcQ3YxYtqbaa17864c8m2CsEcjUafagGPEpTLFV5w7uFvjwdaS7HpBF4KYCPHVU.jpeg) **Withdrawal** Step 1 :- I went back to leodex.io homepage and clicked on **Withdrawal** this time around instead of the deposite transaction that was initiated earlier. ![Screenshot_20221120-080357.jpeg](https://files.peakd.com/file/peakd-hive/seunny/242NYMy9b7Pxb6X5gCrmw2RAu7he3eV5YK5B4hkd4Y3ikR7NrN1rcVmQhXRfSkVFdLzto.jpeg) Step 2 :- I input 1.0 hive dollar as the amount to be withdrawn while typing in my username @seunny as the destination. ![Screenshot_20221120-080439.jpeg](5)Ok Step 3 :- I was redirected to a page asking for requesting for confirmation in order to approve the transaction I initiated. ![Screenshot_20221120-080733.jpeg](https://files.peakd.com/file/peakd-hive/seunny/23tHbkj8B1ZHW1haxVQ3VkFWPx583qz4S9TbuJSz9AS89SqD57PrnM3FKcvzsCNF7zcpC.jpeg) Step 4 :- The transaction was successful and i had a transaction ID. in the case of an issue and there is need to query the transaction authenticity. ![Screenshot_20221120-080830.jpeg](https://files.peakd.com/file/peakd-hive/seunny/23tcP5UcQ3YxYtcspWE7Y4uxhtd9uRGDPuGE7mUSFdHeBSxEdM8h3NpL2MgXoXzFPg9tL.jpeg) ![IMG-20221119-WA0011.jpg](https://files.peakd.com/file/peakd-hive/seunny/23t76sjMhYuwUPcqfV8h8WZ4mDxGjoEA67FpDgc5VCFHEixjR3farEHedV6d6noC84Yzg.jpg) <center>**Closing Remarks**</center> ![IMG-20221119-WA0011.jpg](https://files.peakd.com/file/peakd-hive/seunny/23t76sjMhYuwUPcqfV8h8WZ4mDxGjoEA67FpDgc5VCFHEixjR3farEHedV6d6noC84Yzg.jpg) Sincerely I am glad to be part of this initiative, it has enlightened me on many things that had previously looked trivial. For this I would like to appreciate @newbies-hive team, @aliento @starstrings01 @thehcallmedn @projectmamabg @ksam @nkemakonam89 @hiveleaner, under whose tutorlage and platform I have improved drastically even in areas I know not about before, thanks a bunch.