Newbies Initiative Task 5: Review of Layer 2 tokens on Hive & use of Tags

In this tutorial I will be discussing everything that have to do with Layer 2 tokens also known as tribe tokens on Hive, after reading tutorial post made by @starstrings01 and @samostically for the members of the Newbies Initiative program, participating in this tutorial we were given a task which is about answering some questions related to this tutorial in order to test our understanding on the topic.

Layer 2 tokens also known as Tribe Tokens are token build on the Hive blockchain. Communities uses these tribe tokens to reward members that are participating in various activities of the community.

Why Do Communities Create Their Own Tokens On Hive

Communities had to create this tokens so that they can reward users and members of their community. This is such a good idea as you can been earning other tokens apart from the Hive token.

Why Is The Use Of Tags Very Important On Hive

Using of the right tag when creating your content is very important, because it makes your content to be seen easily by both people who love to read that particular topic and curators who love to curate such contents it makes easy to find your content.

List The General Tags You Know On Hive

There are so many general tag you can use while creating your content, and the ones I know and make use of are, #neoxian #vyb #cent #creativecoin #pob #hive. There are so many general tags you can use, although there also specific tags that must be used just for a specific content for example, using the #leofinance tag without posting anything related to finance or crypto is not advisable and it is being frowned at in the related community so be very careful when using tags, use only the general ones when it is not related to your topic.

What Are The Various Ways You Can Earn This Tribe Tokens

• Posting and Engagement: you can earn this tribe tokens by doing your normal activities in the community such as creating of content and engaging in other people's content. For example when you post in the neoxian community you earn the neoxang token.

• By Buying and Staking: You can buy these tribe tokens and stake them. This is another good way of earning these token as you can act as a curator in these communities, once you have stake in the community you can curate content and start earning in the these community tokens.

• Use of Community Tags: you can earn tribe tokens by using various community tags, although the rewards can be low sometimes, but it is still a good opportunity of earning these tokens.

Once again I want to appreciate the team behind these newbies initiative, you guys did more than I expected, the tutorials was easy to understand and was all about the important things that need to be known on the Hive blockchain. This initiative has helped in laying a good foundation for me on the Hive Blockchain.

Thank you for visiting my wonderful blog