Hi Steemian,
The Steem ecosystem is thriving with multiple new developments including virtual token coin miners for two very interesting coins PAL and SCT.
The PAL coin is produced by minnowsupport.
The SCT is another project group that has its community focused on this project.
I suggest you get some reading done on these coins and see if this opportunity looks right for you.
The coins and miners have appreciated, but the miners more so, with them selling at about 3 times their original price.
The SCT coin is also valued at about 1.5 Steem.
I have purchased both coins to stake, giving me some ‘influence’ otherwise known as making my upvotes worth money and I have purchased miners on both these coin platforms.
So far 2 Palm mega miners produce 10 coins in 48 hours. A 5% return on investment in 2 days and potentially a complete return of my capitol/principle in 20 days. But we will watch for coin inflation with mining rates like this.
I have also purchased SCT coins and 15 SCT miners, which have so far produced no awards in 24 hours. The coins and miners are appreciating daily, so it seems like a solid investment so far despite the competition for block rewards. I remind my readers that this virtual mining is like real crypto mining and you are competing with others for these rewards, so you don’t get rewards everyday, unless you have considerable mining power.
Palnet Explanation Posts
Introducing the Minnowsupport tokenized bid system for community Upvotes!
“How To” PALNet.io and PALCoin with Keychain and Steem-Engine.com
Palcoin Launch: A revised whitepaper and token launch by the Minnow Support Project
SCT articles
https://steemit.com/sct/@rosatravels/ez-steps-to-mine-sct-coins-or-2-ways-to-get-sctm
https://steemit.com/sct/@laylador/sct-update-news-about-basic-compensation-act-tag
As in all investments, invest only what you can afford to lose.
You may choose to sit on the sidelines until your sure these projects are going to survive, which is wise.
Those who venture first may reap great rewards, but venturing forth first is very risky.
🙏Peace be with you.
Shortsegments
