How to Claim Account Creation Tokens in Hive?

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(Edited)

Now that I have topped up my HP to 1OK, I basically unlocked another new power: Claiming Account Creation Tokens

This is because my 10K HP also bestows me with corresponding more RC or Resource Credits (which replenishes). Using them for claiming Account Creation Tokens is in my opinion a way of benefiting from the 10K HP staked additionally. I don't know how I would use these tokens, but if Hive account creation is going to be expensive in the future (say in a bull market when many new users want to come on), I would be sitting on a stash of valuable Account Creation Tokens ready to profit.

Technically, this is how I did it using PeakD.

First, get to the wallet. Then, click the down arrow beside DELEGATE, and the rest should be self-explanatory.

Screenshot 20230122 at 6.47.37 AM.png

This is what I see as I can only claim one.

Screenshot 2023-01-22 at 10.16.01 PM.png

If you can claim more than one, the screen should look like this, as @stayoutoftherz had shared:

As to how much it takes to claim a token, it seems varied based on the two screenshots I took at different instances when I don't have enough RCs to claim any. Presumably, the cost depends on the current state of the network. When overall resources are limited, more RC is needed to claim an account.

Screenshot 20230107 at 1.17.47 PM.png

Screenshot 20230122 at 6.38.08 AM.png

My takeaway is, if it varies, maybe I should watch the requirements closely and try to claim with lower cost if possible, to maximise my RC.

Hope this is useful to you.

After note:

These links explain more:

P/S: This is not financial advice, and please do your own due diligence before investing.

If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.

You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @poplar-22 and @hankanon!

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I am interested to know what is use cases of this account creation token, is it available to anyone or just who have over 10k HP?

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see my afternote for links with info to use of this account creation token.

i think it is only for creating accounts.

as it turns out, the cost of Hive transactions is dynamic: https://developers.hive.io/tutorials-recipes/calculate_rc_recipe.html

So the cost of account creation tokens is also varied. My interpretation is that if the cost is low, and your existing RC exceeds it, you can easily claim it. If not, even 10K is not enough.

Bearing in mind that RCs regenerate over a 5-day period, when you don't use it, it doesn't get accumulated beyond it's 100%. Thus a small account may never reach the critical level needed for account creation token claims. Another reason to top up HP to a sufficiently high level. That amount, unfortunately, is known after trial and error. In my case of 10K HP, I notice that it takes about 70-80% of my RC after every claim.

Gosh... I should so write a post on this alone. just that i need even more research :)

!PIZZA

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Thanks for information I will check it out

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You need >5K HP (but I guess less than 10 needed) for it and once you created one, you can via peakd within few clicks create a new account for free.

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so how much 1 account cost? is there a demand? or just giving to a friends?
and how much resource need for 1 account lol

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(Edited)

it normally costs about $3 to create an account. see my afternote in the post for more info. Also see this to check out alternatives for lower or no cost.

you can give it your friends and save them $3, or ask them to buy you a coffee! :)

the cost of 1 account in terms of RC varies. I don't really know what is the current cost.

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I think I read somewhere that it's only for creating accounts, and that it isn't transferable...?...

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once we claim it, its for account creation.

maybe there is a way to charge for account creation, but not without some complicated development of a site.

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Ok, but I meant that I think it isn't transferrable...?... !LUV

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the right to create an account isn't transferable, but I could create the account and sell it to people. the account is transferable.

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The cheapest option advertised on Hive.io's signup page to create a Hive account that doesn't require verification is through #Actifit which costs $2. 🤔 However, the catch with Actifit signup is that you need to be able to send HIVE to pay for the account, so you need to either have your own Hive account or have somebody with a Hive account pay on your behalf. 😏

Have some !PIZZA with !LOLZ! 😁

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People could sell their account?...
But on the other hand, who would buy soneone else's account?...

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As in… I can create a new account for you and you send me some Hive less than the market price. Some people like this convenience.

And yes, some people may be able to sell their account. Supposed I own the account called iPhone and then build a massive following. Apple may want to buy it for marketing purposes.

!PIZZA

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The problem is that you'd have the keys for this Hive account, wouldn't you?...

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The one with the marketing purpose, is maybe not a bad point... if I once make a second account I'll consider to give it a more appealing name than "svanbo" for sure... !LOL

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Right now, the only way you can charge for Hive account creation without the need for a website or dapp is to manually make an offer (on the Hive platform or somewhere else) that you are selling Hive account creation. 🤔 Even if there is a Hive dapp that enables you to automatically sell Hive accounts by using your Account Creation Tokens (that you claimed using Resource Credits), it will still require your private active key which can be risky. 🤓

Have some !PIZZA with !LOLZ! 😁

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It's true that the Account Creation Token (ACT) is used to create new Hive accounts, which can be obtained either by burning a huge amount of Resource Credits (provided by roughly 5,000 Hive Power) or burning HIVE (which is 3 HIVE right now as voted by the top Hive Witnesses). 🤓 !CTP

While ACTs cannot be transferred, you can use it to create Hive accounts for yourself (if ever you need it in the future), your friends in real life, or your friends here on Hive. 😏 !LUV

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Before I'll start to think to create a second account for myself, I'll first try to manage this one... lol !LUV !CTP

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Since you don't want to have more than one Hive account for myself, you can still create some for your friends so that they don't have to pay 3 HIVE or greater just to join Hive. 🤓 !LUV !CTP

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I don't have friends that are having the time to play around on Hive like I'm doing !LOL !CTP

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Maybe you don't have friends (real-life or online) willing to join Hive yet, such that when the time comes that they start asking you about joining Hive, you might struggle with having enough Account Creation Tokens (either by burning Resource Credits or burning 3 HIVE) to let them have their own Hive accounts. 🤓 !LUV !CTP

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Hahaha that's possible !LOL !CTP

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lolztoken.com



It doesn't matter if my wife tells me I'm not mature
I'm not going to let her enter my tree house without the right password
Credit: reddit
@savvytester, I sent you an $LOLZ on behalf of @svanbo

Use the !LOL or !LOLZ command to share a joke and an $LOLZ
(5/8)

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That's why you should claim Account Creation Tokens for free by burning Resource Credits whenever you can, because you won't know when you would need to create new Hive accounts. 🤓 !LOL !CTP

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The current cost of claiming Account Creation Tokens in terms of Resource Credits vary depending on how many Hive accounts have recently claimed ACTs using their RCs, much like how the worth of each vote varies depending on how much total Voting Mana has been recently used by Hive accounts. 🤓

Have some !LOLZ with !LUV! 😁

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I think more people will claim if there is awareness. Which is good if they are empowered to bring in more people. !PIZZA

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More people claiming Account Creation Tokens using Resource Credits would mean that the cost of claiming another token would increase, which would then motivate Hive users who claim those tokens to get more Hive Power or borrow Resource Credits. 🤓

Have another !LOLZ with !LUV! 😁

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aha.. someone's thinking! 🤣

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I'm also thinking that I should temporarily stop replying on your comments so that I can help you conserve your Voting Mana which is less than 50% right now. 🤣 !LOLZ

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it's fine. i am the trigger happy type. live and let live, and mana will restore.😃

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It's still up to you how you use your Voting Mana. 🤗 I just made a suggestion to conserve your VM for greater long-term returns. 😅 !LOLZ

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It costs you the RC of app. 5000HP. Once you have an account creation token you can use that for free.

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You probably can use the account creation token to establish an alt account; or to form a community. That will save you $3.

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I have to thank you for giving me this idea of claiming ACTs some weeks ago!

!PIZZA

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I have around seventy stacked up. I'm not sure what to do with them. I have a couple of ideas kicking around, but it will eat up a good bit of time to implement. And I might be trying to reinvent a wheel that isn't even needed anymore. But, it's good to have them in case I put something together.

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Maybe we can sell them when it is scarce?!

I collect them else these RCs are unused anyway.

!PIZZA

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(Edited)

If you don't want to claim Account Creation Tokens (too often) because you don't know where to use them, you can just delegate your excess Resource Credits to the #YouAreAlive Hive account (like I've been recommending @svanbo) to earn ALIVE tokens per week. 🤓

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It especially makes sense for those below the threshold of ACT to delegate them.

This needs to be publicized more! this post: https://ecency.com/hive-155221/@youarealive/you-are-alive-weekly-payouts-to-hp-and-rc-delegators-38

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You might want to reblog the post by #YouAreAlive so that it gains more publicity. 🤔 Alternatively, it can be Promoted on the #Ecency frontend using Ecency Points. 😎

Have some !CTP with !LUV! 😁

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Thank you for the suggestion. I will look into #YouAreAlive soon!

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Thanks for your upvote on my comment, but please try to conserve your Voting Mana which is currently less than 52%. 🤗 !LUV

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No! 🤣

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At least, your Voting Mana right now is more than 60%. 🤔 That's a good start in conserving your VM! 🤣

Have some !LOLZ with !LUV! 😁

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You can try to lease out your Resource Credits on the #HiveEngine leasing page and get SWAP.HIVE or BEE (or SPS or DEC when the lessee offers it) as payment. 🤓 However, since there are many Hive users who want to delegate their excess RC, please note that it may be hard to find an available leasing request for RCs. 😏

Alternatively, you can delegate your excess RC to the #YouAreAlive Hive account like I told @cryptothesis here. 😏

Have some !PIZZA with !LOLZ! 😁

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leasing page

this is great info! :)

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It's good to know that I was able to help you learn about the #HiveEngine leasing page (especially for leasing Resource Credits). 😎 Hope you are able to experience leasing out (where you get some revenue for delegating) Resource Credits for the first time! 😏

Have another !PIZZA with !LOLZ! 😁

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Do you mean that you're not sure that it can be used to form a community or the word "probably" is a suggestion to @cryptothesis ?

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I am pretty sure it can be used to start a community, but I haven't tried.

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You cannot create a Hive community using an Account Creation Token (ACT), even if every Hive community has a special account created exclusively for it. 🤓 An ACT can only be used to create a personal Hive account. 😏

This comment also answers @svanbo's question. 😀

Have some !PIZZA with !LOLZ! 😁

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Thanks! I appreciate the update.

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Don't hesitate to ask questions about Hive, and I would answer the best I can. 🤗

Have another !PIZZA with !LOLZ! 😁

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(Edited)

🍕 PIZZA Party!

I gifted $PIZZA slices here:
cryptothesis tipped zaibkang (x1)
@savvytester(1/5) tipped @cryptothesis (x4)
cryptothesis tipped svanbo (x1)
cryptothesis tipped graciousvic (x1)
cryptothesis tipped mamaemigrante (x1)
cryptothesis tipped stayoutoftherz (x1)
svanbo tipped methodofmad (x1)
savvytester tipped methodofmad (x3)
cryptothesis tipped jfang003 (x1)
cryptothesis tipped methodofmad (x2)
cryptothesis tipped savvytester (x1)
cryptothesis tipped djbravo (x1)

Please vote for pizza.witness!

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I usually see this account creation, what is is l about
Like having two accounts?

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It’s about getting a voucher for creating new hive accounts. Else you have to pay for it or give up contact number or email to get an account. !PIZZA

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Still confused
Can someone have more than one account on hive, i thought it's an offense?

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No one would know. So it’s fine. Don’t worry about it. Keep asking until you get it ;)

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Not at all. Many have multiple accounts, example:

image.png

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(Edited)

Thank you
Although i haven't established this one . Not thinking of opening another one yet just asking.
Thank you for helping

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Now my hp is less than 1k thats very sad to me i can't open new free hive account to my friends but incoming days i have buy or earn 1k hp and create free account to my friends. Thanks for sharing this great and valuable knowledge with us.

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The cost changes over time so just come back every now and then. I claim them every now and then but sometimes I am just off by a bit from claiming a token and it's fustrating.

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Heheheh! If it get harder because more people read my post and started claiming. I will be honored! ;) !PIZZA

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Why you are showing an error message? Wouldn´t it be more instructive if you show something that worked?
Normally, such a window should open, if you want to claim:
image.png

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We are on the same growth path within Hive.
I am interested in learning more about how to move into the domestic market and make the most of the opportunities.
Tag me in your posts so I don't miss out. @mamaemigrante is my username

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Sure! I wish all the best for you. I will tag you in future. !PIZZA

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Congratulations on the progress @cryptothesis. wish you achieve many more. It's a good feeling that now you can make account for your friends and help them join Hive amazing community.

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Thank you! Yep, that’s one of my plans in the pipeline.

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