Tried Hive Keychain Swap and its a good feature
Hello and Namaste Everyone
We have a swap function in tribaldex and hive engine exchanges. This is a useful feature because many times we prefer to swap one token to another and we prefer to go through the simplest way. Usually, in the market, it is not possible because we have only one pair with the hive. Whatever token we sell will give us a hive and then we need to buy the desired token from the market. This is how this system works but swap is another function that can make this job easy. We just need to choose the token we want and it is like convergent from one to token that happens in less time. All this can be done in just one transaction.
This functionality already exists in the market but I believe now with the keychain this is even better. I have seen some of the posts published by different users sharing their experience and since then I wanted to give it a try. I do not have any need for the conversion at the moment but just for the experience and see how it works I give you it a try. This is also because if in the future I need to convert tokens to another or buy some tokens using hive or HBD, I can get it done easily. Any new thing is learning so till the time we do not perform or use it it feels like it can be a difficult experience. You never know how it will work unless you give it a try and this is the reason why I decided to try this swap function on keychain today.
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I keep buying SPS tokens from time to time so I thought of buying the sps using hbd. Now let me tell you that the good part about using these key chain swap is it allows us to use hbd also for swapping. I used one HBD to buy SPS or you can say swap SPS so I'll be getting 73 SPS roughly for 1 HBD which is $1.
Now transaction is in process and it is showing that sending HBD to the SWAP account. It took about 10 to 15 seconds for this transaction to get processed.
This is the place where I can see the progress of the transaction and it is also getting an auto refresh every ten seconds. They are converting HBD to hive first and it shows that it has got 2.82 Hive for 1 HBD. The hive price has increased in the last few days so it's less it was more than 3.3 a few days back.
Now the swap is completed and you can see the tick mark against each step which means that SPS has been credited in my wallet post-swap completion.
I went to the wallet option and checked if I have the balance or not so here I am with the balance which has already been credited and reflected.
Finally, I have completed my first-ever swap transaction on the keychain application installed in my computer browser. There is a mobile application also available but I don't know if this option is added in that also but with PC it works flawlessly without any issue. Now we can perform the token swap just by surfing the Internet or whatever we are doing in the browser and performing the surf transaction also at the same time. This is a very good feature and very helpful for us because we can do the swap transaction in a few minutes and that too in an easy way.
Thank you so much @keychain for this awesome feature. Keep up the good work.
Images are from the keychain browser extension.
Thank you so much
Stay Safe
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