Exactly. I think it represents 10% of the total supply. It's a significant amount of potential Pal if Pal ends up at a decent price such as $1. Certainly a possibility too because there is only 21 million compared to the much higher supply of Steem. But I'm not yet 100% certain or I would put more into PALMM.

It really depends. But at least the PALnet team got two things right. Decent marketing, and focus on revenue generation. Now they just need to make some improvements to the UI. Also Steem Engine needs major improvement too such as maybe a bot interface. But they do have some ideas to redeem PAL for upvotes or similar.