Earn PAL, Burn PAL, Buy PAL, Mine PAL...
Almost a week into my PAL journey, some insights on what I've been up to and noticed thus far...
Earn PAL
If you are not blogging via palnet.io, or using the #palnet tag, why not?
PAL is currently valued at $.12 (about .28 STEEM) and has been as high as .799 STEEM in the past couple of days. I'd like to see a chart, it would look super bullish.
This will be my 5th post using the #palnet tag - I probably should have used it for the latest minnow power up league post from @steemcommunity also, but the league relates to powering up STEEM and not PAL. Hey @paulag, what do you reckon about a PAL power up league? :)
Burn PAL
As far as I am aware, it's not possible to promote your post with a multitude of bots on palnet.io. This may well change in the future of course (hopefully not), but as it stands the method of promotion, to appear in 'Promoted' on the top menu involves sending some PAL to @null.
https://www.palnet.io/@null/transfers
I couldn't resist sending a little over to this account, which will be burning sends and thus reducing supply, to find out how it would work. 7 PAL got me a place in the top 11 at the time of writing. Not bad at all.
https://www.palnet.io/promoted/palnet
Buy PAL
I have been doing this, at prices ranging from 0.08912 STEEMP all the way up to 0.30970 STEEMP. Yep, I'm still buying a little as and when.
Will PAL reach .99 STEEMP, I think it is possible. There is a huge sell wall at 1 STEEMP (and so if you are planning to sell some PAL, maybe go a bit lower than this!).
Mine PAL
I've also dipped into the mining arena because I'm curious to see how mining PAL compares against buying and earning via content.
The transactions below show the purchases of 3 PALMs, and 1 PALMM - The 'mega miner'. These transactions were made 3 days ago and so far, @minnowsupport has issued a total of 6 PAL to my account.
I'm not sure, but I think this is the account that is issuing the tokens from the mining, but because there is no other information attached to the transaction, I don't know for certain.
It would be nice to have some details with the send, like which miner 'produced' the tokens, just so those that have invested in PALM and PALMM can weight up how they are doing.
Steem VP v Palnet VP
In the PAL discord, room 'playingwithbots', it is possible to check your PAL voting power.
As the chains are coupled at present, a vote on palnet for a given % is also given on Steem, and vice-versa. I'm OK with this for simplicity, but ideally I'd like to get my current voting power on each to match. When I checked in PAL to find the VP in the image above, my Steem VP was at 83.16%.
Without putting a halt on all voting for 20 hours or so, I don't think there is a way around this. First world problems I guess.
@nopal4u
Browsing the top PAL owning accounts here:
https://steem-engine.rocks/tokens/PAL/richlist?sort_field=stake&sort_order=desc
I noticed since my last check that we have a rather mean sounding account sat at the top of the list with 100,000 vested PAL.
My sources have revieled that this account is 'a flag account for spammers and to knock down our own rewards'. The name makes more sense now, and personally I like the intentions in that statement.
Steemit Inc have used their own stake indirectly (steemcleaners etc) to attempt to control abuse, but the jury is out as to whether SC and other abuse fighters are tackling the right areas. We will have to see where 'nopal4u' shows up.
Alright, another PAL/palnet post on palnet. What do you think about that @revisesociology ? :P
Cheers
Asher
Thank you for the information @abh12345.
Will give the Discord a go....
Where does one find out more about mining?
All the best.
Cheers!
My pleasure.
I have not found much on the mining, and since I wrote this post last night have un-staked my mining, err, stake :)
There is a comment somewhere in this post that says the miners share 550 PAL daily, and since I staked 200 STEEMP worth of miners, I've had 6 PAL. Personally, I would rather buy them on the market, trade some and power some up!
Apologies for the trouble...... @abh12345,
Bleujay is in the midst of a test run buying steemp with steem......yes....bought the steemp and what is the next step to buy PAL?
Nevermind......thank you.....it looks like it is working!
Cheers!
Good man!
I think you missed a trick by not including PAY PAL in the header!
I have only just started using it. I have used the tag twice and voted a few times through it. It does seem quite good. I get antsy doing anything that requires a password though :0/
Hi ya @meesterboom,
You can use your posting key to log in.....it is not clear in the window....
Yes.....I saw your posts in bleujay's feed! ....early pals.... hehe
All the best. ^__^
Cheefrs!
Aha! Yes, you are right. It's not immediately apparent you can use the posting key. I shall indeed do this! Cheers lass !! :0)
Missing tricks are the story of my life!
It's good that you are careful with your keys, but I think steem keychain in a goodun and you can is that for steem-engine and palnet.
I am working up to trusting that one. Took me long enough with steemconnect!
PAL is where the cool kids are at <3
It certainly is - everyone should be in the cool gang, this is a great opportunity to earn tokenzz
remember it starts from 1 steem per pal
now it's 0.4, the chart was made a few minutes before actual pump
for now, mining and claiming rewards look the same on the blockchain side. "minnowsupport issued x pal to someone". And you don't really know if that was from mining, your post, or curation. We can expect proper memos in the future. We got it for claimdrop so it's easy to separate claimdrop transactions from other transactions.
Thank so for the info, I'm looking forward to additional info on rewards/mining.
The post was written a bit earlier than today, PAL is on another pump!
That was probably Victor pumping, haha!
Victor has taken his foot off the pump and we are possibly entering buying territory...
I think your post is informative but I do not know what you are talking about most of the time.
I do not know what Steemp or Steem VP is to start with.
The only thing I discovered so far is that I find more informative posts at first sight here.
So far I use the tag and read and reply on some posts here.
Have you claimed your PAL at https://steem-engine.com/ yet? This is a good place to start. If not, I can find a guide for you :)
Yes, I did with help of @hans001. Thank you for asking. I do not know what to do more.
You can sell or power up the pal on Steem engine. If you sell, you get steemp, which is steem if you withdraw it.
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If I understand it well I can only power up/stake my PALnet account with steemp.
To get Steemp I have to take the Steem from my Steemaccount and transfer it to palnet?
I am not able to buy steem directly and pay with my credit card?
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Let me know if you are stuck. As improv says, you can power up the PAL or sell - both are options in steem-engine.
Actually very informative this one!
Not sure how I missed the notification though.
I've got my Palnet strategy down to a refined art - just use the palnet tag and don't worry about anything else!
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Aha, so it is OK to go with the first rule of Palnet :)
Your strategy checks out!
Although I did just buy half a Palm - I figure mining is always going to be more profitable long term.
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I've gone the opposite way and un-staked mine - returned in full in 4 weeks I believe - doh.
Oh really - I'll look forward to hearing why!
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No value for a dedicated post.
I did ready there were a capped supply of PALs mine-able each day, and so the more PALM and PALMMs that are bought, the more this total is sliced up.
If I'd bought PAL at the time, I'd have a bunch and likely been able to trade and double up!
Fair enough, I just can't be dealing with trading!
If @blocktrades would release my over 4918 STEEM which is still pending after more than 48 hours, I would love to power up more PAL.
Nice PAL purchase :D
Thank you! Couldn't resist the hype, haha!
Argh, frustrating! Do you have an exchange account (bittrex/binance?), the fees are much less to move tokens around.
Yes I do use Binance. But @blocktrades recently put a daily limit for new users. I was over the limit and my transaction stuck. Why can't they release it the next day? Or divide into smaller segments.
I've not uses BT for a little while now and am not really up to date with proceedings. There was a reasonable delegation offer last year, but it's been a while since I've used the service for transfers. I never had a problem though.
I'm sure they will release my transaction at some point. Maybe when PAL has reached 1 STEEM, haha!
I hope the timing of this is good for you!
They did it yesterday!
I have not voted via palnet yet with my main account (this one), but I have been using palnet on my alt account mostly for voting. I like the easy slider option, and thus I also get to vote more post. I am looking forward to the easy tools like steemworld type where I can see my palnet stuff all in one place to come out. Like how much palnet vote power I actually have.
Any vote cast on STEEM will also take place on palnet - so hopefully when the decimals are in place, you will get some curation from your main account.
That's good to know, I have my vote pattern of who when and what to vote on for most days covered on steemit front end, so I have not gotten real used to palnet with my main account yet and since I have a slider I really don't need the palnet one.
Now for my play and try this or that out account palnet is great, I get to vote for twice the content I would if I just stayed on steemit.
I've found a lot of new things from your post 👍🌹
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Glad it's some use to you 😁
Can’t smoke it? What is a time traveling cat to do!
Sell it to the dogs?
Dirty dogs always trying get my Pal!
I've seen a couple of dogs round up their PAL from multiple places 👎🏽