RE: Ask Me Anything - Marky Edition - September 2021
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Leo Finance is a tribe (community with it's own token). In this, it has it's own reward pool where you get LEO token rewards for posting and curating similar to Hive and in addition to Hive rewards.
There are a lot of tribes on Hive Engine, Leo Finance, STEMGeeks, Proof of Brain, and so on.
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How is it possible to create tokens for communities built on Hive Engine if Hive the blockchain doesn't have smart contract capability? Please clarify 🤓
Hive Engine is a third party (@aggroed inc) project that has pseudo smart contracts as a bolt-on solution.
Hive Engine supports erc20 like tokens, NFTs, and rewards pools as well as a few other things. Many projects use this functionality for their projects.
Tribes is a solution provided by Hive Engine which allows users to have their own community and token with the technical aspects mostly managed by Hive Engine.
Posted Using LeoFinance Beta