The rise of Scot and all the projects coming along with steem-engine has really impressed me and while steem hasn’t had much value we’ve been able to add all these new features to the ecosystem which is really something we should applaud! Plenty of crypto projects have been in complete or near standstill after 90% losses in value, but steem has been remarkably robust!
I mean we’re 20x Away from our ATH now if we can achieve all this at 40 cents what will this place be like with steem at $8 bucks again! It would be insane!
I’m glad that projects like PAL are starting to enter the market and give us a sandbox to try new ideas and see where it takes the community
Posted using Partiko iOS
I like that you are using the word "sandbox"! It implies lots of experiments and play.
Posted using Partiko Android
Dear @chekohler
I only created my account on PALnet just a moment ago and I'm currently researching about this platform. Since it's my first time I'm using Palnet and I found your publication very helpful.
I'm just wondering if there is anything special about this particular front-end? We've busy.org, steempeak.com, sportshub.io and probably many more. Is there any particular reason to focus our attention on Palnet? Any idea?
I've also noticed that if I upvote something on Steemit then it's also upvoted right away on PALnet (and vice-versa). Interesting concept. The only thing is that all I can see is growing supply and I don't see much created demand for that PALnet coin. So selling pressure will most likely only increase. But I may be wrong.
Yours
Piotr
Busy and steempeak are enhanced front ends for the complete steem blockchain where as Pal is a sort of sidechain they refer to as a Scot community
It allows users filter content for a certain community into one front end and makes it easier to manage and curate!
The scot tokens via Steem engine allow for unique rewards that can be sold for steem so effective you double your reward potential when posting to a Scot community
While scot communities may have initial sell pressure it’s very small as people who sell are those who received from the airdrop and maybe earned a few tokens which isn’t much
Pal isn’t premined to the extent steem was! It’s initial distribution was done via a airdrop based on your steem holdings and to memebers if minnow support which had to be claimed! New PAL is created by Holding Pal miner tokens
I think the token will hold its value because the ability to leak value is pretty small while the potential earn is even smaller and only grows as you stake or invest
It’s an interesting use case and I’m keen to see how it plays out
Posted using Partiko iOS