There are many investment options in the hive ecosystem whether you invest in #hive, #hbd or any hive tokens. There are more then 50 tokens where you can buy and stake for better APR rewards. This all is done via hive exchange, you have the option to use #Tribaldex #hive-engine #Leodex #beeswap.
It depends on you which exchange you will select. I think #hive-engine is the most popular one and is more safer as well. I recommend to use #hive-engine for token buying and selling. In this post I will let you guys how to buy Colony Tokens.
The process is not difficult, you need to access only #hive-engine for doing it. #Colony is the #arcadecolony project token and is being famous these days. With the help of this token you can play games, buy NFT cards and also you can earn staking rewards.
#Colony price is around $0.00078002 with the total supply of 332,223,363, total liquid 224,778,133, total staked 107,445,229, total volume 15.73693264. This is the brief detail about #Colony token. The current stake amount is pretty good which makes it more stronger.
You can earn more then 12% APR by staking this token. Can you stake this token in #hive-engine or any other exchange? No, this token could only be staked in #arcadecolony. you have to transfer tokens ingame and from there you can stake.
How to buy this token? First of all you need to have account in #hive-engine. You can do login with your hive account. If you dont have hive account then you need to register an account first.
The next process is to deposit #hive coin to the exchange. This is because you need a base coin to buy any token. Just like #USDT. Whenever you want to buy any coin, you need to have USDT which is the base coin.
The same is the case here, you need to buy hive coin and deposit in #hive-engine. The transaction won't take too much time but in seconds. Once you have swap.hive in your wallet then you can buy any token you want.
Go to you wallet and write the name of token you want to buy. Let suppose I want to buy #Colony token. I will write the name Colony and will click on it. I will be taken inside the market. You will see the stats of the colony on top. At bottom you will see the price of the colony against hive and whoever placed the bid and ask.
At what price you want to buy this token? Simple put the price, the quanitity of the token you want to buy and then click on confirm. If there is seller at the price you placed bid, your transaction will happen quickly but if there is no seller, it might take some time for your transaction to be done.
This is the method to buy any hive token. There are further options of staking after you buy a token. For Colony, you need to transfer into the #arcadecolony and from there you can stake it. Staking will help you earn passive income.
THANK YOU!
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