50k PAL POWER — Reaching a Major Milestone and Beginning a New Journey!

Let’s begin by rewinding the clock to 2 weeks ago: I had just read the Palnet whitepaper which discussed the details of Palnet.io and the token launch of PALcoin.

I had never been involved in Pal up until this point. I had heard of it, obviously. I had listened to many shows on the MSP waves radio broadcast network. I was the definition of a low-profile lurker.

When I wasn’t lurking around MSP broadcasts, I would be following other developments across the Steem blockchain. I love reading about this stuff and just when you think you’ve read enough about the Steem blockchain, some awesome post comes out that details some new development.

Steem has reshaped my entire perception of things, but I don’t want to make this post focus on Steem and my journey on this blockchain. I’ll save that post for September when I celebrate my 2 year Steemiversary… I feel like I should throw a party of some sort for that, by the way.

Anyways… back to Palnet.

I saw the developments happening on Steem Engine:

1. All of the STO options coming out
2. The ENG token and how it would be used to empower businesses
3. The DEX volume growing
4. SCOT
5. Scotbot
6. Nitrous
7. ScotBB
8. Scot.tube
9. Tokenized miners
10. Staking
11. …. Uhh … let’s just say that it’s a long list

All of these various developments were so interesting to me and I followed them very closely. SMTs were one of the main reasons why I became so infatuated with the Steem blockchain’s future and when I realized that Steem-Engine was going to not only create SMTs on their own, but actually create something much bigger than that original vision… I realized just how important it would be to jump on all the opportunities that Steem-Engine presented.

1. When the miners were first released, I made sure to buy a bunch of them.
2. When the ENG price dropped, I made sure that I was first in line to buy some.
3. When Palnet.io launched and I realized that the vision of SMTs was here and Palnet would lead the charge of the new era of Steem — I decided to go all in with whatever I could scrape together.

The PAL price was quite high, but then I realized that after the claim drop, the price would tank. Needless to say, I had my fingers at the ready and I was willing and able to pull the trigger on as much PALcoin as I could get.

I scoured discord looking for people trying to offload their tokens and I was hitting the refresh button on the Steem Engine exchange like a madman.

I managed to pick up thousands of PAL at ridiculously cheap prices… I bought the majority of my stake when PAL was dropping all the way down to the .04-.07 level and I was stoked.

My vision then was that PAL would eventually normalize back to that 1-1 ratio (where the 12.6M PAL sell wall is set). Obviously it would take a long time to break through that sell wall - which I actually believe is possible, one day. So my target price was (and still is) around .7.

I still believe that PAL is undervalued and that’s why I still have been slowly buying. Although, I’m not getting quite the deal that I was right after the claim drop.

If PAL ever drops below .3 on the exchange, I become a buyer again. Between yesterday and today, I saw PAL drop to those buy levels for me and I was able to pick up some more PAL at what I believe to be a discount.

Palnet.io is 2 weeks old and it’s celebrity status is widely known on the Steem blockchain. I can’t imagine that any active Steemian hasn’t come across Palnet yet.

Regardless, many are still skeptical and I’ve seen that many well-known Steemians who are also large STEEM stakeholders still don’t have much, if any, PAL POWER.

I see this as an opportunity. Especially with HF21 around the corner. I think the vast majority of content creators on the Steem blockchain are going to begin focusing on Palnet. They’re going to let the STEEM flow in the background, but they’re going to realize that the real way to build a content-based brand on the Steem blockchain is through Palnet.io and the PAL token.

Steem is the base layer and STEEM will be valuable for businesses & communities. PAL and similar Tribal Tokens will be the desirable currencies for the users, creators and curators.

So after this LONG ramble, here is the milestone I hit this morning on Friday, June 21st 2019. I honestly believe that it’ll be a day that I remember. 50k PAL POWER!

I set the goal of 50k PAL POWER right after the claim drop… Obviously the prices were cheaper then, but regardless, I still ended up getting here with a little luck and a whole lot of stubborn willpower.

Time to go for 100k (or at least try to catch up to Aggroed)?? Seems daunting, but I’m kind of up for the challenge. Maybe I can curate myself most of the way there and continue to look for discounts on the market. Time will tell.

Side Note: I wasn’t the most active curator on Steem for the past several months because it became a little monotonous. Now I’m curating all day long here on Palnet. If you’re a content creator and you’re making awesome content regularly here on Palnet, please leave a comment below so I can give you a follow and have more to curate!!

p.s. sorry this post was so long, I got a little carried away and wrote way more than I planned 😬