Crypto Coinage-I Need Your Help To 'Splain Some Things...Help a Brother Out!
You gotta love the Hive Engine! I didn't even know about it until about 2-3 weeks ago (about the same time I learned what the proof of brain community was). I decided to stake all the coins...even though I had no clue as to what they were for...I've heard of Leo and I've seen Pizza and Beer passed in the comments on other people's posts, but I don't know what these coins are used for or how they're beneficial to me. So, this is a post to really reach out to you in the hive community, hoping you can spell out what some of these coins are.
- Swap.Hive - I know this is used for exchanging back to Hive in the engine. That's an easy one...as I understand it, it's a stablecoin for Hive on the exchange.
- BPC - Never heard of it, but I've staked 2! :grin:
- NEOXAG - I don't know what it is, but I have some almost every time I come to the engine...
The list goes on...Weed...I know what it is, not sure how it's useful. Leo-as I understand it, it's another UI like proofofbrain or ecency....
Anyone else willing to toss me some info? I figure this is easier than me spending hours researching each one and getting lost in the rabbit hole :wink:
Thanks in advance...This may prove helpful to others wondering the same thing.
(I did just find out if I hover over the info button, it has some info, like Beer tells me if I stake enough I can pass out beer to others...still don't know the benefit of that hahaha, but hey...it's crypto! lol )
Here is a couple examples:
Beer, Stem, Creative Coin and some others can be used in the game Dcity to start 24 hour festivals that give you the opportunity to acquire different game bonuses.
Several of these tokens can be delegated to Brofi which will earn you Bro Tokens. Depending on how many Bro you have you will receive a daily drip of of all sorts of tokens Leo among them.
It will probably only get worse. I have about 80 different tokens and not sure what 20%-30% of them do. Of course a lot of them are pretty much worthless so... but maybe to the moon someday. :)
Hey, that's better than what I knew before. Sounds like we're in the same boat on some of this stuff...I hadn't heard of Brofi :) So brofi tosses you random amounts of random coins each day? That's so funny...
You stake HE tokens with Brofi (https://www.brofi.cc/) and earn Bro.
Having Bro gets you a drip of random tokens.
One thing I've learned here in 3+ years is everyday is a learning experience. :)