The Liotes Concept - The easy way to earn crypto
Lesson 6: The first income stream of the Liotes Concept
In this lesson we will bring the money that you have so carefully collected into the Liotes Concept. You should now have a certain amount of LTC or Doge on your trustwallet account. We are going to transfer these coins to hive.
The hive blockchain has plenty of front-ends and you can login into them with your keychain account. We will login to Tribaldex which is an exchange that allows you to trade a quantity of tokens on hive.
We will deposit the LTC (or Doge) from Trustwallet into your hive account by depositing it into tribaldex.
The next step is to exchange this swap.ltc (or swap.doge) into the hive currency. For that we will use the swap function that is built within keychain. This swap will cost a small fee but keychain choses the cheapest way for you to do the transaction.
You have now some hive in your wallet and you are only steps away from the first passive income source. The only thing that you have to do now is to stake your hive. When you stake hive, it will be blocked for a certain unstaking duration. But when you stake your hive, you get around 3% return on your tokens just for having them staked. At the same time, this stake allows you to get more ressource credits that you need to be active on hive.
To do
- watch the tutorial how to deposit coins to hive
- sign in to tribaldex with keychain
deposit LTC or Doge to tribaldex - watch the tutorial how to swap coins on hive
- swap your swap.ltc or swap.doge into Hive on keychain
- watch the tutorial how to power up and delegate hive
- go to peakd.com, login with keychain, go to your account wallet and stake your hive
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