Palnet Quick Tip: Don't Forget To Stake To Earn

in community •  6 years ago  (edited)

quicktip.png

I'm seeing many questions about why some posts are not receiving awards, after looking over a few, the answer for some is quite simple.

You need to stake your tokens!

After you claim your tokens, you're not done yet.

Head to your palnet.io wallet (make sure it's your username after the @ symbol

2019-06-09 09_51_09-Blame Shane (@swelker101) — PALNet.png

You there? GREAT! You will see two listings PAL and PAL POWER. PAL is your liquid tokens, the ones that can be transferred to other accounts or exchanged at steem-engine.com

2019-06-09 09_51_39-Blame Shane (@swelker101) — PALNet.png

Now, if you see a 0 next to PAL POWER, you're not earning a single thing. You have to Stake (power up)

Click PAL and you'll have the option to Transfer or Stake. Stake it. You see how I have zero PAL, it's because I'm all staked up!

2019-06-09 09_51_55-Blame Shane (@swelker101) — PALNet.png

Now, for many of you, when you receive a vote from someone with staked PAL POWER, you'll start seeing some action happening.

Repeat after me: I must stake to earn, if I do not stake, then I will not earn.

Read it, Learn it, Live it, Love it.

Here's the real deal.

You don't have to Stake to earn, but I know some people are not voting for those that have not staked. It's in everyone's interest to Stake up and make the platform more powerful.

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I got er done!
I don't have a lot, a bit over 500 staked, I think, but it's something.

"I must stake to earn, if I do not stake, then I will not earn." xD

This is a good tip that many have overlooked, I've noticed that. Indeed it is in everyone's interest to start increasing the power to grow the platform along with the amount of PAL generated at the time of voting.

Greetings!

Dang I thought I was going good with my 4,000 PAL lol 38k already NICE! Do you have staked miners as well ?

I don't have any miners, but we did get one for Isara. 30k of that is from the mod-drop, and based on an agreement of no unstaking and no self voting for 1 year. It's there to spread some palcoin to users through curation.

  ·  6 years ago (edited)

How much staked PAL power do you need to get 1 PAL in curation?

No idea at this point. The pool is no where near close to be able to make that call quite yet. Once the claim-drop is completed, we should start to get a feel of how much staked PAL does what to a post.

Does PAL "rich list" exist? And where can it be found ???

Not that I'm aware of. There is a command in any discord server that has deployed @banjo $richlist (coin)

edit So I guess there is a list, ignore that first part.