Palcoin report #15 - Delegations

gerber (63)in #palnet • 5 years ago (edited)

The post is divided into 6 parts: Delegations, PAL bidding system, Claimdrop, Stake allocation, Circulating supply & liquid PAL, Price. Everything will be daily updated, and we will see how it changes over time. If u have any idea for some stats, let me know :)

Delegations

After the last update, we are able to delegate our pal power to another account. I expected to see many more delegations.
Only 40 accounts received delegations for a total amount of 100K PAL
Among these accounts are plenty connected to some communities or bots:

@doingkim - received 24K PAL in delegations - it's a test flight for an upvoting bot
@contestkings - received 8500 PAL in delegations
@banjo - received 2000 PAL in delegations - well-known discord bot upvoting people who staked banjo tokens
few @sbi accounts also received some small delegations
there is also @plankton.token account with 650 stake upvoting people who hold PLKN tokens

I skipped proxy accounts here, focused more on communities/bots accounts. Even my curating account is in top20 here, it looks like people not using this opportunity yet.

PAL bidding system

PAL bidding system was used 332 times in total for the total amount of 2036 PAL.
In the last 24 hours used 25 times, for 164 PAL.
Average value per day: 226 PAL

Claimdrop

In the last 24 hours, 61 accounts claimed 25K PAL. The total claimed amount is 1.25M PAL, which is 29.86% of claimdrop.

Stake Allocation

From now, on top 1 is an account created to downvote spam on palnet, with 100K PAL in stake. I will include that in total stake but ignore for allocation chart.

Total staked pal: 1.54 M PAL 1% raise in 24 hours
Top 99 accounts: 65.52%
Top 100-200 accounts: 9.77%
Rest: 0,274 M - 24.69%

Minimal changes here in the last 24 hours, but it looks like top99 accounts domination is going down.

To be in the top 100 u need to stake 2277 PAL, for the top 200 u need to stake 1104 PAL.

Circulating Supply & Liquid PAL

I am going to ignore token sale order as it is out of the game, for now, to calculate liquid PAL.

circulating supply: 14.69 M
token sale order: 12.610 M
staked PAL: 1.545 M - 62.7 %
Powered down PAL: 83.8K 3,4 %
liquid PAL: 0.834 M - 33.9 %

With every next day, there is more liquid PAL in the game.

That may be a very important factor for future price development

Price

Volume going down to 2600$ from 3200$. The price bounced from 0.31-0.32, and now it's at 0.35. We can see buy walls at 0.3 worth 2000 steem, but a few hours ago I saw sell walls at 0.37 worth 1800 steem. It's hard to predict anything with token traded on steem-engine with 3000$ volume. One person buying a few thousands palcoins may change the situation.