Trying out Palnet for the first time!
If you do follow articles here on Steem you should have noticed how Palnet is making waves on the platform. To put it simply, Palnet is a new interface for you to create and curate content on Steem. This is similar to Steempeak or Busy.org. However, on Palnet.io, you will only get to see posts that are using the #palnet tag. Articles without the tag won't be shown. In addition, Palnet is the first Steem interface to issue its own token called the PALcoin.
According to the whitepaper post,
Initial Distribution of PALcoin
There will be 21M tokens initially minted and launched
10% @ Minnowsupport
10% existing moderators/team members
Up to 20% will go out in an claimdrop to a white list of 16000 people
the remaining 60% will be sold on the market for Steem and used to powerup the @minnowsupport account and pay for expenses
So you might want to check if you are among those whitelisted to get some free PALcoin airdrop. Here is the link to the Google sheet where you can see your eligibility and how much you can claim. Next, just follow the steps in this post to get your airdrop (the same post also contains more details about Palnet, so do find some time to read it). You only have about 3 weeks left to do so I think. I am lucky to get 688 PALcoins and as of now, 1 PAL is about $0.127 which is not bad for an airdrop :)
The Palnet interface looks exactly like Steemit, so I think many of you should not find it difficult to use. Posting through Palnet.io seems to be the best way for you to get some PAL upvotes. However, I still prefer the Steempeak interface more. Perhaps what I can do moving forward is to use the #palnet tag while posting from Steempeak. Another question I have is whether I can still get STEEM votes when people upvote my article here on Palnet.io. If you know the answer please comment and let me know. Otherwise, I think I will use this post to find out :)
Separately, in a totally unrelated news, Bitcoin broke above $9.3k briefly today! The last time Bitcoin was at this price was more than 1 year ago,
And when I really have to use this meme again when Bitcoin is over $9000.
Hopefully Bitcoin can sustain this price level and the rest of the altcoins, including STEEM, will start to move accordingly. Thanks for reading and do remember to claim your PALcoins!
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It would be great if you can do a follow up post on your experience and thoughts of PALNet. This old uncle is still a bit blurry on why this palnet is necessary. Is it like esteem?
I haven't read in-depth as well. As I understand for now, palnet offers that additional Steem interface, which is similar to esteem. However, they have a different way to distribute rewards.
I think a common complain many Steemians has is that the whales who got in earlier have too much advantage. Palnet is in a way trying to "reset" the Steem economy by building another layer on top of Steem.
While I can't predict what will happen next, my take is that the introduction of PALcoin will dilute STEEM price. And if you don't claim your share of PALcoin, the value you own gets diluted as well. So just claim it as there is no apparent downside in doing so :)
Thanks for your reply. Ok, first thing first, I will go and claim my PALcoin. See if I have any.
Moved to the Hive platform.
I was so excited that I get this Palcoins for free. 451 of them to be exact and seeing them rise in value, the feeling is indescribable. Upvoted!
Haha.. it's always good to get some free stuff
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