PALNet for Minnows!

almost 5 years ago (Edited)

Three years ago, I missed out on the early days of Steemit and STEEM. Now, we have some new kids on the block, PALNet and the PALCoin. Determined not to repeat that mistake, I eagerly staked most of my tokens and became a PAL. Looking at this brand-new venture poses a question. Just how can little Minnows like us without 15 zillion STEEM to spare, make the most of our scarce resources?

The first thing I did was to stake 2/3 of my free tokens. This way I can generate curation rewards for upvoting PALNet posts. Initially, I was astounded to see people *selling* their tokens as soon as they got them. Undaunted, I made a small delegation to @minnowsupport and have already seen that tiny trickle of daily fractional PAL earnings enter my account. ENG, the Steem Engine token, is yet another asset you might want to add to your collection. When I write my posts, I do so using the Brave Browser, which generates BAT tokens. Who says I can't multitask? Now remember, this is a long-term thing, think of little drops of water slowly pooling into a sparkling crypto stream...

Since these are early days, this might be a good time to get some early exposure. Taking a look at the miners, PALM (which I've nicknamed the PAL Mini Miner) and PALMM (PAL MEGA MINER), I realized it's best to buy more than one if you can. Since it's a raffle, reserving multiple units may increase your chances of generating a return. What I also like about PALNet, is that through steem-engine, I've been introduced to many new tokens I might never have heard of. This gives the little guy yet another area to consider in this new world of cryptocurrency.

Looking for a Job? [UPDATE]

The ability to "double-dip" by earning rewards on Steemit and PAL posts, is yet another advantage of this new system. Using the "PALNet" tag on Steemit or Busy, is like "Having your cake and eating it too!" Combine that with blogging on Partiko or using the tag on an Actifit post and you can see the utility in getting even more out of your blog. I'm pumped about what this means for STEEM and the PALCoin price. Whatever you do, don't stop posting and KEEP THOSE UPVOTES COMING!:) What steps are you taking to maximize your rewards? and what are your thoughts on the future of PALNet?

Thank you so much!

Follow Me: @evernoticethat

Join Actifit through my referral link and let's stay active while earning AFIT tokens together.

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48 comments

@themanwithnoname 65

almost 5 years ago

I staked all of my PALcoins and have been trying to get more. They're a bit spendy though as I'm also trying to power up. Fortunately, I have been using the DEC I get from Steem Monsters quests to get votes from SM. That has been helping. It's tough to figure out all the avenues though. Good luck!

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@evernoticethat 70

almost 5 years ago

Smart man! It's that whole leverage thing. I like the idea of earning multiple tokens from one post. The price is rising and I think we will see much more of this in the future.

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@themanwithnoname 65

almost 5 years ago

I'm not as focused on price right now as I'm not planning on selling, but it would be nice to have the price rise once we've had a chance to accumulate more. :D

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@crypto.piotr 65

almost 5 years ago

Dear @themanwithnoname

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?

Yours
Piotr

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@themanwithnoname 65

almost 5 years ago

If you use the palnet tag, and if you vote with Palnet, you get PAL tokens that you can power up to get more PAL tokens (50/50 curation model) or you can sell them on Steem-engine.

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@crypto.piotr 65

almost 5 years ago

Thank you @themanwithnoname for your kind reply.

Yours
Piotr

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@prisminside 37

almost 5 years ago (Edited)

Palnet frontend only displays posts that are using palnet tag, but you can actually use any frontend you like to start gaining pal, you just need to use the palnet tag. But I do prefer using palnet frontend myself over Steemit, the promoted articles there are cancer to my eyes and we have better manual curation here.

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@crypto.piotr 65

almost 5 years ago

Thank you @prisminside for your kind reply.

Yours
Piotr

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@ramonrene 60

almost 5 years ago

Good look

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@coininstant 69

almost 5 years ago (Edited)

Same here I want to buy a bunch more and become big and Palerful! lol pal pun there! I am stocking up on on payday palday!

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@abusereports 73

almost 5 years ago

WARNING: IF YOU REPLY TO THIS ACCOUNT YOU WILL BE FLAGGED, YOUR REP WILL BE HARMED AND ALL OF YOUR REWARDS WILL BE REMOVED.

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@crypto.piotr 65

almost 5 years ago

Dear @abusereports

Does it mean that noone should engage with @coininstant or other accounts that you're targeting? How does it help our platform if you would pursue and damage work of other people, only because they responded to accounts you are after?

Yours
Piotr

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@jaraumoses 69

almost 5 years ago

This is our time to stack up some tokens since we missed the early stages of Steem/Steemit!

I also staked 200 tokens of the 274 I claimed and going to stake more when my payouts come in!!!

I am really excited of this new era of tokens on the Steem engine. There is another kid on the block and that is for sports people.

So we are going to be able to earn like 3 tokens just from one post. I made a post which you can check on my blog if you find free time!!!

The future is here!!!

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@evernoticethat 70

almost 5 years ago

I see you've already made your post. It's great to see our efforts paying off. I didn't want to stake all of my tokens so I'd have some to play around with. I hope to purchase some more STEEM, so I can accumulate even more! :)

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@crypto.piotr 65

almost 5 years ago

Dear @evernoticethat

I just created my own account on PALnet and upvoted few comments above. It seem that if I upvote via Palnet then those comments are also upvoted from my steemit account? Is that how does it work? Just curious.

Yours
Piotr

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@evernoticethat 70

almost 5 years ago

Exactly. I just woke up and upvoted your comment on PALNet and it shows as an upvote on Steemit as well. The only thing I've noticed is I have to keep an eye on my VP so it does not take too much of a hit.

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@crypto.piotr 65

almost 5 years ago

Dear @jaraumoses

Yours
Piotr

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@crypto.piotr 65

almost 5 years ago

Dear @evernoticethat

Now, we have some new kids on the block, PALNet and the PALCoin.

It's my first time I'm using Palnet and I found your publication very helpful. Thank you for taking the time to share your experience with this platform.

Yours
Piotr

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@evernoticethat 70

almost 5 years ago

Well I can assure you I'm no expert, but for me it was the light bulb going on when I realized we could multitask our votes. I can see a day when one post can generate dozens of tokens from one upvote. The other thing is the token market which introduced me to a number of new tokens I'd never heard of.

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@sgt-dan 65

almost 5 years ago

Really good information about PAL and Steem-Engine. I also just recently have been playing with the new tokens that #steem-engine has made possible.

I liked your post so much I thought I would send you some SHADE to add to your token collection. SHADE is the native token of The Ramble community. Enjoy!

!SHADE 5

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@evernoticethat 70

almost 5 years ago

Thank you so much Sarge! I bought an ENG token and it was effortless on SteemEngine. I can see this evolve into a "tipping marketplace" to reward content creators with fun tokens. Maybe even branded ones based on sport teams or celebrities. Oprah token anyone? :)

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@shadeserver 45

almost 5 years ago

Hi evernoticethat the SHADE tokens are on the way.
Thanks for sharing SHADE
To view or Trade SHADE visit steem-engine.com

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@evernoticethat 70

almost 5 years ago

Thanks for the SHADE. It's hot out here on the east coast! :)

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@sgt-dan 65

almost 5 years ago

I know. I live in southwest Pennsylvania, not far from Baltimore.

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@haikubot 54

almost 5 years ago

I know. I live in
Southwest Pennsylvania, not
Far from Baltimore.

^{- sgt-dan}

^{^{I'm a bot. I detect haiku.}}

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@evernoticethat 70

almost 5 years ago

Maybe you meant southeast? I'm not too far from Philly.

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@sgt-dan 65

almost 5 years ago

Actually I meant to say: South-central Pennsylvania (York County).

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@russia-btc 63

almost 5 years ago

let's see what happens

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@steem-ua 64

almost 5 years ago

Hi @evernoticethat!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.811 which ranks you at #4396 across all Steem accounts.
Your rank has improved 39 places in the last three days (old rank 4435).

In our last Algorithmic Curation Round, consisting of 182 contributions, your post is ranked at #55.

Evaluation of your UA score:

You're on the right track, try to gather more followers.
The readers appreciate your great work!
Good user engagement!

Feel free to join our @steem-ua Discord server

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@vangie 57

almost 5 years ago

thanks for sharing....will definitely stack it

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@bitcoinflood 79

almost 5 years ago

I love it, Just like anything it took some researching and questions to fully understand and figure it out. Once I did I staked EVERYTHING. Well I did sell 9 PAL at nearly 1 steem each then rebought about 40 or so when the price dipped ;)

Pal Miner, Steem engine miners this is your chance to make a move!

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@evernoticethat 70

almost 5 years ago

There's so many ways to get involved, I just hope people can see the opportunity right in front of them. Get the lay of the land, then Take Action!

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@viraldrome 67

almost 5 years ago

I was away from steemit for bit and wasn't exactly sure what this PAL thing was, could be a cool thing, I figured out how to do the airdrop. For a while I have thought steem would be better with communities or side tokens or whatever. There is no reason PAL cant be successful

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@evernoticethat 70

almost 5 years ago

That's what I see as well. This thing just appeared and I immediately saw the utility in it. Things are just getting started! :)

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@emergehealthier 66

almost 5 years ago

I'm very excited about Palnet. I think it will ease the fears of a 50/50 curation model for on Steemit. I love that one post can earn a variety of tokens. I also think that redirecting attention to curation will help improve the quality of posts that are posted. I think it will also increase interaction between the reader and the content creator.

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@evernoticethat 70

almost 5 years ago

I can tell you that it's got me interested in collecting other tokens for sure. Also, anything that helps grow the community is more than welcome.

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@emergehealthier 66

almost 5 years ago

I'm also looking into other tokens I want to get. I'm focusing on the token's utility and the communities that they serve.

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@rentmoney 74

almost 5 years ago

I was trying to leverage my pal into more pal and ended up selling just before the spike so that didn't work out lol.

I have earned a little with posting and commenting and been staking that.

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@evernoticethat 70

almost 5 years ago

PALNet has been an eye-opener to the possibilities of tokens in the future. Knowing that you can potentially double your rewards, tends to increase engagement and make both platforms "stickier." Hang around and enjoy the ride!

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@jankos55 50

almost 5 years ago

Could you guys explain to me the Pal Mega Miners ? I am a bit confused .

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@evernoticethat 70

almost 5 years ago

Here's a link to the white paper scroll down to "proof of mining." It explains everything. Cheers! :)

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@dimsyto 60

almost 5 years ago

I wish I got some PAL tokens, I saw people selling off when they could have just staked and broaden their horizon. I see a bright future with this and I intend to be a partaker in it

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@evernoticethat 70

almost 5 years ago

Indeed. I do know that some of those people used the proceeds to power up STEEM which helps our platform as well. I made a small delegation to @minnowsupport and receive a tiny daily distribution in PAL. Think of it as a small snowball rolling downhill...

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@ramonrene 60

almost 5 years ago

Hello, @evernoticethat -I did not sell any of my coins. I have all of them in paln. And you can certainly see a faster growth

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@evernoticethat 70

almost 5 years ago

I can see how some people might have sold half for instance, to power up STEEM, while letting the rest ride. I think you'll look back at this time of accumulation as a wise one. :)

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