Palnet news, what you need to know for airdrop #3

It's been a few months since the first airdrop for PAL stakeholders, now we are preparing for #3!

The minimum amount of PAL you must be holding to be included in this airdrop is 300 PAL, the snapshot will be taken on February 25th, 12 am UTC. The airdrop will be going out shortly after that.

You will not need to do anything to claim the airdrop, it will be staked directly to your account!

Details

We are doing a series of 9 monthly airdrops of 140,000 PAL, for a total of 1,260,000 PAL.

The minimum amount of staked PAL will increase monthly as follows

• February 300 PAL
• March 400 PAL
• April 500 PAL
• May 500 PAL
• June 500 PAL
• July 500 PAL
• August 500 PAL

Airdrop math

The airdrop is uncapped in terms of how much Pal you can have and be rewarded for. How much of the airdrop you get is based on a few things.

1. We eliminate PALnet mods from participating in these airdrops.
2. We take the square root of your staked and delegated pal. That's the number we use to figure out what your percent of the 140k pal airdrop should be.
3. In order to participate in February you'll need to have at least 300 PAL staked. If you have less you won't get any.
4. In later months the amount that you need to have staked to participate creeps up (see above).
5. This won't be a claim drop. It'll be an airdrop. If you have at least 300 PAL staked at the time of the snapshot we'll send your account staked PAL.

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We would like to thank our PALs for making steem an amazing place to hang out, as always feel free to drop in and have a chat in the Palnet discord by visiting http://minnowpond.org/.