Hello guys,
I’m new to cryptos and tonight i got my first chia reward.
What can i do with it before the release on 3rd may and what will i be able to do after 3rd may?
Is it possible to convert it into other coin right now ? What about $?
I know it’s not supposed to release transactions till 3rd may but i see there’s operations going on in Hotbit so…i’m wondering what is going on
Thanks in advance
Whatever your heart desires!! 
May 3rd is the big day, transactions go live and that means we’ll start to see a valuation emerge!! ie. how much USD are people willing to exchange for 1 XCH. We don’t need “centralized exchanges” to figure it out, but that’s THE question, and free market dynamics will dictate the price. (greater supply → PRICE GO DOWN 
or greater demand → PRICE GO UP 
)
Chia coins are really programs, but until you get transaction on the chain you cant “spend” them to a new program.
Once transactions start you can write a chialisp program that spends the coin to a new set of spending rules. Its fully programmable so you can make clever things like recoverable wallets, wallets delayed to a certain time. Rate limited wallets, multi party requirements. It’s endless.
Colored coins are really cool where you can set aside a number of mojos (fractions of an xch) with rules to make custom currencies/programs.
Recoverable “cold” wallet
Interesting post, and great financial advice - whoever is on the team has investing and personal finance background.