PalCoin / Palnet Support for @we-are

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(Edited)

This post outlines @we-are 's support for PALCoin. @we-are supports content creators by free community based upvotes.

Cranes on the Singapore skyline
(Source: Pixabay / cegoh CC0)

STATUS: Currently upvoting 1500+ users with 20+ voting accounts that collectively control over 10000 SP and 4300 PALPOWER.

The current hype on the blockchain is the launch of PALCoin and its distribution via claim drop. PALCoin has community goals that overlap those of @we-are. It seems natural that @we-are supports PALCoin and so this post outlines what this support looks like.

Some technical background to PALCoin; PALCoin operates similarly to STEEM / STEEM POWER in that PALCoin can be staked/powered up to yield PALPOWER. When an account that has PALPOWER upvotes a post with a #palnet tag then that post will be rewarded PALCoin (or PALPOWER, I'm not too sure but either way, it's a reward). The upvote consumes VP as per usual. It appears that upvoting posts without the #palnet tag with an account that has a lot of PALPOWER is a waste of VP. From the perspective of @we-are, it makes sense to separate out the holdings of SP and PALPOWER so that the PALPOWERed accounts are only upvoting posts that have the #palnet tag.

Introducing @we-are-palcoin.

@we-are-palcoin account is the preferred place for @we-are to hold PALPOWER for now. To date, it has over 4300 PALPOWER donated from accounts in the claimdrop. I have already modified the @we-are system and it has begun upvoting new posts that have the #palnet tag. The @we-are-palcoin voter is not community specific so if you are a member of any @we-are community then your palnet posts are eligible for free upvotes. I have set the initial voting strength range to between 10% - 25% VP, to promote a good reward distribution of PALCOIN to many accounts. The voting strength range may change as we see how things progress.

If you want to help, then feel free to donate PALCOIN to @we-are-palcoin. Once @steem-engine allows delegations, then you could also delegate some PALPOWER to @we-are-palcoin. If you do donate, please post a comment below and mention @eturnerx so that I get a notification because I have not yet automated PALCOIN staking.

You might be asking about other steem-engine tokens or more targetted PALCOIN support for @we-are communities: these things are all possible. If you have a particular community in mind and can pledge a delegation/donation of PALCOIN then I'm happy to put the work in to make a PALCOIN voter specific to your community/ies.

Together @we-are,
-- @eturnerx



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13 comments
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Dear @eturnerx elBest of the successes for this new venture and soon many of us will be publishing and active in the community to promote the Palcoint. Good vibes.

Posted using Partiko Android

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@eturnerx

Exciting times indeed! With so many new initiatives coming out to help Steemians, it's hard to keep track... I won't say I understand everything, but I do understand those that are striving to help maintain a positive environment here on our Steemit'verse; upholding and enforcing quality engagement, promoting a focus on community and stewardship... and of course...

Explaining what they are doing!

Thanks again for all that you are striving to do and achieve my friend...

Wes

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Buenas noches amigo @eturnerx , deseo que se encuentre bien y que tenga una feliz noche. Exelente información amigo.

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delegations on steem-engine dang that's going to turn into a crazy mess come tax time lol

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I don't think it'll be much different than delegated SP. Unless you're a token issuer.

Posted using Partiko Android

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I still have 100s of questions which I can't locate any answer for. Some top Qs are:

  1. All rewards i see are multiple integers of PAL. Never seen smth like 1.45 PAL, always x.00. Why is this?
  2. Can comments collect PAL rewards too? Never seen any with PAL (even I have been upvoting many comments myself)
  3. How long it takes rewards to mature? 7 days, like for steem ?
  4. How much PAL power staked I should have to give 1.00 PAL reward for one 100% upvote ?
  5. Is each sequential upvote reducing my PAL voting power, like on steem ? How long it takes to recover? 20% per day?
  6. Does PAL upvote's rewards depend of the RC i have at that moment ?
  7. Is the any place to see how profitable my upvotes are PAL wise ?
  8. Can PAL voting power be delegated? If not, are such plans on the roadmap ?
  9. Can I purchase just 0.5 PAL, or 1.65 PAL on steem-engine ? No luck so far in this. Whole units only? Always to be so ?

There are many more questions, but those came right from the top of my head

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(Edited)

Some of these I can answer even though I'm not affiliated with PALCoin.

  1. Afaik, PAL upvotes consume regular VP. Think of it like voting with both SP and PALPOWER at the same time. That's why @we-are put PALCoin into a separate account.
  2. No. It depends on the amount of PALCoin you have staked and the strength of the vote. Works like SP.
  3. Plans on the roadmap to allow PALPOWER delegation. Should be days, not months away.

Try the others on pal/discord.

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hey,

semi-off-topic, though not sure exactly where to ask this question and know you're involved with the project:

the login option using Keychain extension isn't working for me in either Chrome or Firefox - the "login" button just stays greyed out...

any idea how to fix this, if it's just temporary, etc? or where the best place to ask would be?

thanks 🙏

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Hi. I'm not affiliated with that project. Try @yabapmatt or ask in the general chat on PAL / MSPs discord.
I had a similar issue - I think it was because I was using a different computer.

Posted using Partiko Android

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Hi @eturnerx!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.896 which ranks you at #1242 across all Steem accounts.
Your rank has improved 3 places in the last three days (old rank 1245).

In our last Algorithmic Curation Round, consisting of 173 contributions, your post is ranked at #39.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers appreciate your great work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

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