Five days ago @minnowsupport announced that Palnet would be getting a re-vamp.
According to the announcement, those who have been staking and HODLing, earning and buying are about to be rewarded.
What seemed like a forgotten project was really a strategy. Those who believed in the token showed their belief by HODLing, are now seen as the strong hands that are going to give this next phase of the project a strong base
We don't know exactly what updates we are getting, but there are some hints:
@swelker101 seems to be telling us that there is some type of market being developed.
And in the announcement screenshot below, we can see that there will be a dapp that has to do with growing your stake.
These announcements have given the price a bump
And also made the buy orders stronger than I had seen them in the past.
Are you feeling positive about the project?
@edicted has positive things to say:
His words are a reminder that Palnet Seeded LEO. Will they prompt more growth?
Or are you a little more tentative?
@curatorcat.pal is not - the comment section on the whitepaper wasn't all positive.
For now we know a few things:
- staking of Pal will be rewarded
- Miners will be sold and will be the most aggressive way to earn PAL (besides directly buying it).
- Profits from the miners will be held in HIVE and used to have Hive Power.
- Hive Power will be used to help support the long term existence of the HIVE Network.
- There is a dapp coming which has to do with the market
- The token will be getting a use!