Learning About Hive Tokens and How to Power up || Task 2

[fery]

Hi everybody..
today I will continue learning the next stage about "What is HIVE & HIVE DOLLARS and how to do POWER UP!

Okay, without further ado, let's go straight to the topic of discussion.

1. What is HIVE & HIVE DOLLAR AND HIVE POWER?

according to my understanding Hive & Hive Dollars are tokens that can be traded in many markets such as BINANCE, BITTREX, COINGECKO, INDODAX (local) and many other markets.
hive is also the liquid currency of the Hive.blog platform
in addition to buying in cash, you can also generate hive tokens for free on Hive.blog (I will explain below)

then Hive Dollars, It's also the same, you can also earn Hive dollars on hive platform in return for your posts that you post on hive.blog platform.
on the Hive.blog platform these two tokens can be converted easily, because here there is a market feature to exchange the two tokens quickly and easily. (I'll show you an example below).

then talking about Power UP, actually this is important, In addition to power strength (Limits for activities) Doing Power UP is also important to increase Hive Power, the more Hive Power you have, the greater the power of your voice when curating a post.

2. Is it important to do a Power UP Hive?

actually very important, apart from what I said above, having HP power is something that people really want, to be honest, apart from being considered a long-term investment, HP is also very influential for your account, in addition to benefiting yourself, HP will also be very helpful to others when you appreciate the work or posts of that person.

3. what are the ways to get Hive Power?

there are several ways to get Hive Power, but back to each of us, for some people who have enough money, maybe they will do it instantly, namely by buying a Hive and then doing a Power UP, the next way is to borrow from someone else, or other languages ​​ask for delegation (maybe we'll get to that later)
and lastly we can collect HBD from our post results and then we convert it to Hive and do Power UP.

4. Process of converting HBD to Hive from Internal Market.

TAKE NOTE ! THE EXPLANATION IS IN THE PICTURE.

step 1

Step 2

Step 3

DONE !!

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5. Here's how to do POWER UP.

Step 1

Step 2

Step 3

Step 4

DONE !!

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that's a little explanation of my understanding of what HIVE is And what is HIVE DOLLAR (HBD) And also how to exchange the two hopefully you can understand my explanation, to be honest I personally have understood it since the beginning of 2017 (when i'm there). for newcomers, things like this are very important for you to learn, if you don't understand my explanation then you have to read other people's posts about this discussion, because all the basic knowledge about account management you must understand.

Finally, thank you very much for all the good people who have taught and are willing to learn, see you in the NEXT POST.

Comments

[prayzz]

Good explanation @fery.. You did great.

[fery]

thank you very much my role model😁

[ecency]

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