@FriendlyMooseOnNoiseApp
I've been collecting POB tokens for over a year by using the #POB tag. I have staked over 23000 tokens which gives me quite a big vote and thus even more POB tokens. I recently discovered that I have been receiving PHOTO tokens for using the #photography tag and voting on posts with the #photography tag. It is so cool that you can collect these coins without even knowing it. For now I keep collecting them. The more I have staked, the more tokens I will receive for curating. Do you collect secondary tokens on Hive too?
13 comments
Too many to name lol Lots of great projects out there!
I also have lot of tokens in small amounts. But only a few I'm actually actively collecting.
But why didnt you staked the photo too? Your contest us photography related
The photo tokens are staked automatically. That's the great part. I just noticed last month I have been collecting and staking these tokens. And they represent a value of $50 at the moment.
So, is there any way to swap it for Hive?
Yes you can. If tokens are staked, they are 'locked'. You can unlock them by unstaking, This process will take a few weeks time. For instance unstaking Hive will take 13 weeks. You will get all the Hive over the 13 weeks. Every week a 1/13 part. This works for other tokens as well. Sometimes with other timeframes, but always a few weeks. When you have the tokens in unstaked (liquid) form you can do whatever you want with it. You can send them to someone else, send them to binance (Hive/HBD), but also trade them on the market for SWAP.HIVE You can do this from different exchanges like tribaldex.com or hive-engine.com You can transfer the SWAP Hive back to your Hive account. Exchanges often take a 0.25 or 0.5 percentage fee for these transfers. This might be a bit overwhelming, but it isn't that difficult. You could try it out with low number of tokens to see how it works.
Second-layer tokens on the Hive blockchain are bringing more joy.
POB is pretty descent, but I tend to swap everything for HIVE to increase my HP
I also sometimes convert some to Hive or HBD. But gathering more tokens increases the curation rewards of these tokens too, so I also keep staking a lot of them.
So, is there any way to swap it for Hive?
I do! Spt mainly, hope to reach 100k soon!
Nice!
Sincerely, I have no idea how all these second level tokens work. from now on I’ll try to understand how they work. Many thanks for the information.