The sun was out; so I ran outside to get some free vitamin-D. I took some pictures of the Salt Lake Valley during the process.
The big news is that I decided to slap a quarter on the counter to buy enough PAL to bring my PAL holdings to 10,000 coins. I bought 4999 coins for 27 cents.
Hive Engine says that my 10K PAL investment is worth $0.569.
PalNet.io says that my upvote is now worth 0.017. Half goes to the author and half to the curator. The rewards are split a second time with half the rewards staked and half liquid.
It will be interesting to see what I really earn.
BTW: The minimum payout for PAL is 0.001. The rewards bot splits the rewards into 4 piles. A curator's upvote needs to be worth more than 0.004 PAL in order to start getting the rewards.
The PAL Rich List shows that I am atop page 3. There are 50 lines per page. So, I guess that there is 105 accounts with 10K or more coins. That is a good distibution.
I held back on PAL before because I never figured out the niche market for the site.
I understand that PAL stands for "Peace, Abundance and Liberty." While I find that liberty is the foundation for both peace and abundance, I find this string of words a bit vague.
The name doesn't give me any information about what I should post on the site.
I have yet to find any pages about the vision the founders of PalNet had for the site.
It appears that PAL is a place for generic content.
I don't mind generic content. There just happens to be too many Hive Tribes promoting generic content.
Many of the posts on PalNet include the tags for multiple tribes. This means that there is not a great deal of original content on PAL.
Perhaps this is why the coins trade at a discount?
Of course bloggers need to use multiple tribal tags to get upvotes. I decided to include #hive-engine and #cent because this post is about buying coins on HE.
Use the Downturn to Accumulate HE Coins
Personally, I think it is wise to use the dip in crypto prices to buy coins on HE.
Since the price of the coins are low, one can buy coins in large blocks.
IMHO, the best thing that HIVEans can do to support Hive Engine is to place sell orders for the coins one isn't interested in collecting. One should then buy and stake the coin one wants to follow.
I like to place my orders between the buy and ask. If the transaction on the buy or ask is small I will just stack my order on the buy or ask.
The active open orders provide liquidity for the different coins on HE.
Anyway, I think it is worthwhile for HIVE users to go through their account and put sale orders for all of the free coins on their account. One could use any money raised to buy the coins one wants.
Conclusion
I never figured out the purpose of PALnet. Does the site have a primary focus and what things can one do to help it stay on focus?
The final picture shows a panorama of the Oquirrh Mountains which is on the West side of the Salt Lake Valley. There is a large open pit coal mine in the range.
Posted using PALnet