Yesterday we received great news about LBC crypto markets.
The American crypto exchange Bittrex just added two new LBC trading pairs!
This makes it much easier to convert USD and ETH to LBC and vice-versa
Before, we could already use Bittrex to exchange LBC for BTC or USDT. Giving all users the ability to buy or sell LBC in all countries that Bittrex operates. The addition of USD/LBC and ETH/LBC trading pair is a great addition.
If you don't have an account on Bittrex yet, consider using my referral link as a token of your support to this channel and blog and Bittrex will share a fraction of the trading fees revenue with your inviter, and that's nice.
By using the referral link, you will also get 1500 Bittrex Credits that can be used to trade crypto for free ! Which is awesome. So go ahead, make your account and buy some LBC to support your favorite creators or HODL in your channel to raise your voice and attract more LBC.
Created by @vlad & final touch by @MammyCrypto. Are you interested in learning a bit more about the Cryptocurrency (LBC) LBRY Credits? What is LBC ?
source: LBRY DIGITAL
LBRY Credits, abbreviated to LBC, are the cryptocurrency used to make purchases on the LBRY blockchain. But they have more functionality than just merely being a method of payment, they are also used to secure content on the blockchain. Each file registered on the LBRY blockchain must be secured by LBC’s – TBC –
LBC HIDDEN FEATURES
While most people just think of LBRY Credits (LBC) as a way of purchasing content on the LBRY blockchain, this is not actually the whole purposes and arguably not LBC’s most important feature.
Most people give their content away for free and rely on Tips to earn income, so most of the time, you don’t need LBC’s to buy content, but the real value and what makes LBC’s a very important asset is that they also act as power ups for content creators and their fans who want to support the content they love.
Content creators who want to perform better in search results and related content can increase the exposure by adding more LBC’s to the
claim amount or attach value by adding
Supports via the support button or by adding
tips, via the Tip button.
Content with higher value
claim amount +
supports will perform better in search results and related content than content with a lower amount. A little like how Google Adwords works. And as an extra bonus will protect a
community URL from takeovers. This means you can use LBC’s to get more exposure and protect your real estate, thus be more profitable.
LBC TRANSACTION TYPES
Publishes: LBC claim associated with content publication. Claims can be revoked via trash button.
Tips: Tips sent or received. Received tips can be claimed via the unlock button in order to be reflected in your balance.
Supports: Claim support sent or received. Support claims can be revoked via trash button.
To be more precise. Tips and Supports are given by a user to the content creator. They both help to strengthen the claim (content) by giving it more power in search results and related content, and help keep the Community URL from takeovers.
The difference between a Tip and a Support is that Tips will be given to the content creator permanently, whereas Supports aren’t. Supports just help the content perform better for the reason above and can be taken back at any time.
Community: This is name a URL with no unique ID. They are great for being found by direct address bar inputs, to use as as a vanity URL that is easy to read and as a way of creating advertising space on a website or app. The highest bidder controls the Community URL, they are never owned by anyone permanently. Example:
lbry://<name> such as lbry://love
Permanent: This is your Community URL + unique ID. This is always yours. No one can take it from you. Example:
lbry://<name>#<claim_id> such as
Channel: This is your channel ID where all your content can be found. Example:
lbry://<@channel_name> such as
Signed: This is your Permanent or Community URL in side your channel. Example:
lbry://<@channel_name>/<name>#<claim_id> such as lbry://@cats/love#a1
If you have not joined LBRY yet and started experiencing the gift of receiving LBC tokens for simply watching great content online you can also follow my referral link https://lbry.tv/$/invite/@mammycrypto:c .
By doing so you will receive an additional LBC welcome prize completely provided by the Lbry network!
All my best
Social Media links: