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#palnet

PALnet Updates: PoI is Live and Decimal Precision is Coming

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- - - I wanted to post a quick update to fill you guys in on a couple of development updates. First and foremost, please believe that we hear you all on the decimal precision issue and it's the highest priority to have fixed. That being said it requires an update on Steem-Engine and that will take a bit of time, we're expecting it to happen within the next week. This update will allow for voting and Proof of Interaction to earn smaller amounts of PALcoin than 1 and should make it much easier for smaller PALs to earn curation rewards. I repeat this is our highest priority and it will be fixed. - - -

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- - - On to more positive news, we just launched Proof of Interaction, which is something we felt was important to replace the old upvote bot. This new method of distribution will allow us to award tokens to active members of the discord community and will be distributed daily, which provides one of the easiest ways for new users to get involved and earn PAL yet. Just come in, make some friends, and get involved in the conversation.

Last but not least, with the introduction to Proof of Interaction, we are finally ready to unveil the next evolution of the Minnow Support voting bot. You can learn all about it here, but I'll give you my thoughts on it. Users can now earn PAL through multiple avenues and are no longer forced to post frequently or spam to earn tokens. The tokens come from being active in the community. PALs can stake up those tokens to earn more curating or trade them in for a much larger STEEM/SBD votes from the @minnowsupport account.

Ultimately, we hope to create the best interactive social community and rewards platform throughout the cryptoverse and here on the STEEM blockchain. There are going to be some growing pains as there always are when creating something new, but we are working every day to make sure that we are learning and reacting to developments as they come up. Thanks for all the feedback, you've been heard and we appreciate all of you. Much love.


Comments · 25

  • @omowumi(52)· 2623d

    I am yet to receive my pal token. Why?

  • @dtrade(65)· 2631d

    Will there be a Steemnow or Steemworld for PAL soon to see voting power and value off course in fraction similar to STU? From @holger80's post, it looks like doable with simple backend.

  • @pandaparker(59)· 2631d

    So great to hear the good news. I really needed that.

    Posted using Partiko Android

  • @jeronimorubio(76)· 2631d

    I think that PALnet is going to be an Amazing Place to Grow on the #steem #blockchain. I think it is a fabulous project and I am doing my best to learn more about it. Unfortunately, at this moment, I don't have much time in a day to get into discord channels but I do my best to engage with the community on the platforms and within the #steem #dapps. Great News from the PAL team and you @clayboyn. Thanks for sharing. May You Always be Happy and Blessed...

  • @tj4real(69)· 2631d

    Wow, i love the development so far. I just asked this same question on the discord page. But i bet my question has been answered. Thanks for being awesome

  • @arcange(79)· 2631d

    Congratulations @clayboyn! Your post was mentioned in the Steem Hit Parade in the following category:

    • Comments - Ranked 3 with 52 comments
  • @matthewtiii(60)· 2631d

    Thanks for all of your hard work on PAL! You guys are the best!

  • @mikepm74(67)· 2631d

    Thankful to see the fractional vote being given the utmost importance. Can't wait to see it in action.

    I have to admit, and I doubt I am the only one feeling this way, as someone who has purchased PAL on Steem-Engine and staked it, it is a bit disheartening to click on the 100% upvote button and not see the payout value of the post move at all.

    It will be good to see some action on this front!

  • @sumatranate(69)· 2631d

    I know that these changes will be great for all PAL users overall, but I can see how the decimal change is particularly encouraging for new members of PAL and Steem. Also Proof of Interaction is a great way to earn when you don't have funds to buy PAL Tokens.

    And delegation is great for people with a philothraphic and/or investor mindset. Great job PAL team! Keep up the good work.

  • @valchiz(76)· 2632d

    This is really a great news. Am been trying hard to convert my steem to pal so I can start curating, but will really be waiting to see the decimal part integrate into the system

  • @nathen007(73)· 2632d

    Please know that all this hard work is sincerely appreciated. Much love and best wishes to you to and a on a more personal note, thanks for being a absolutely lovely human being.

  • @fitinfunfood(66)· 2632d

    Proof of Interaction

    Can you give details of this? How much discord talking do we need to get this? What kind of criteria makes for a good "Proof of Interaction" over there?

    I do not normally spend time interacting in discord, but if I need to make 5 comments a day to get PALS, or something like that, I will.

  • @steemitboard(66)· 2632d

    Congratulations @clayboyn! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

    You distributed more than 85000 upvotes. Your next target is to reach 86000 upvotes.

    You can view your badges on your Steem Board and compare to others on the Steem Ranking If you no longer want to receive notifications, reply to this comment with the word STOP

    To support your work, I also upvoted your post!

    Vote for @Steemitboard as a witness to get one more award and increased upvotes!
  • @kaminchan(76)· 2632d

    This is very quick reaction and response to people! Great move!

    Posted using Partiko iOS

  • @chesatochi(73)· 2632d

    This is an important update to fix the 3 digital after the dot. Keep up the good work. :)

  • @bitcoinflood(80)· 2632d

    waiting for a small stake on the miners right now so I can claim my first upvote! Thanks

  • @rishi556(72)· 2632d

    Can I get a link to the discord?

    Posted using Partiko Android

  • @lightsplasher(75)· 2632d

    This new Palnet project and token seems very interesting. I tried out some limited trading on Steem-Engine just to see how the system works and managed to purchase some PAL.

  • @amberyooper(71)· 2632d

    It's going to be interesting to see how this develops. My pal stake isn't very big yet, but hopefully it will keep getting bigger with time. I need to get some liquid steem to buy more PAL...

  • @eturnerx(69)· 2632d

    Excellent move! I think the shift to how the main voting bot works is awesome. I've been a delegator to that (and other MSP bots) for nearly two years. Community growth was reward enough. Now, if I'm also going to receive PAL for delegating then I'm sure I can put them to good use. Exciting times.

    Posted using Partiko Android

  • @enjar(79)· 2632d

    Awesome love what you guys are doing.

  • @nealmcspadden(74)· 2632d

    How does proof of interaction actually work? Is it just looking at the discord channel and selecting people or is there some automation behind it?

  • @map10k(61)· 2632d

    Hi @clayboyn, as an existing MAPX token stakeholder, just letting you know about the new Tokenomix Contest where you can win some more tokens. Anybody can take part but will require a minimum of 1 MAPX token staked. Good luck and please let me know if you like the questions set. Thanks!

  • @daniscib(59)· 2632d

    Very interesting, Adding the decimals will certainly be a substantial improvement. It will also be interesting to see the new Minnow Support Bot, I understand that the goal is to promote quality posts, I would like to see how that develops.

  • @tsnaks(68)· 2632d

    That's really cool !!!

    I myself recieved some PAL too for being active :)