A bit more than a week ago Palnet.io was launched. It is a spin-off from the Minnow Support Project.
Which was an alliance to give minnows and plankton the opportunity to grow, and give some weight against the whales of Steem. This support group does a great job, because minnows and plankton got more upvotes from eachother, and grew faster through this.
Now Palnet and PAL coin should be another incentive for minnows and plankton to gain even more power and traction, as with Steem also PAL coins can be earned by using the #palnet hashtag. The curation is even at 50% in stead of 25% on Steem. Well great initiative, and I support that. I use the hashtag too. And I have even bought around 85 tokens.
Image courtesy of www.porchdrinking.com
Payouts are only done when a full PAL coin is earned, and for that, one needs to have had upvotes from quite some PAL Power. So in fact, only the PAL dolphins, orcas and whales profit. Let alone, profit from curation, for that you need have who knows how many PAL staked. Which is extremely sad. For an initiative that had the aim to make minnows and plankton bigger and keep them on the Steem blockchain, they are actually shut out.
So, at this time, I am not going to buy anymore PAL tokens, until it is possible to earn rewards after the comma or the dot. Just as it is on Steem, and on Weedcash.network, where this proves to work beautifully!
This proves once again, that when power is achieved, it is used to take advantage...
Come on PAL, make this platform the case for what it was intended!
Sincerely,
Pele23
