This post outlines Hive account@we-are 's support for PALCoin. Hive account@we-are supports content creators by free community based upvotes.

(Source: Pixabay / cegoh CC0)

STATUS: Currently upvoting 1500+ users with 20+ voting accounts that collectively control over 10000 SP and 4300 PALPOWER.

The current hype on the blockchain is the launch of PALCoin and its distribution via claim drop. PALCoin has community goals that overlap those of Hive account@we-are. It seems natural that Hive account@we-are supports PALCoin and so this post outlines what this support looks like.

Some technical background to PALCoin; PALCoin operates similarly to STEEM / STEEM POWER in that PALCoin can be staked/powered up to yield PALPOWER. When an account that has PALPOWER upvotes a post with a #palnet tag then that post will be rewarded PALCoin (or PALPOWER, I'm not too sure but either way, it's a reward). The upvote consumes VP as per usual. It appears that upvoting posts without the #palnet tag with an account that has a lot of PALPOWER is a waste of VP. From the perspective of Hive account@we-are, it makes sense to separate out the holdings of SP and PALPOWER so that the PALPOWERed accounts are only upvoting posts that have the #palnet tag.

Introducing Hive account@we-are-palcoin.

Hive account@we-are-palcoin account is the preferred place for Hive account@we-are to hold PALPOWER for now. To date, it has over 4300 PALPOWER donated from accounts in the claimdrop. I have already modified the Hive account@we-are system and it has begun upvoting new posts that have the #palnet tag. The Hive account@we-are-palcoin voter is not community specific so if you are a member of any Hive account@we-are community then your palnet posts are eligible for free upvotes. I have set the initial voting strength range to between 10% - 25% VP, to promote a good reward distribution of PALCOIN to many accounts. The voting strength range may change as we see how things progress.

If you want to help, then feel free to donate PALCOIN to Hive account@we-are-palcoin. Once Hive account@steem-engine allows delegations, then you could also delegate some PALPOWER to Hive account@we-are-palcoin. If you do donate, please post a comment below and mention Hive account@eturnerx so that I get a notification because I have not yet automated PALCOIN staking.

You might be asking about other steem-engine tokens or more targetted PALCOIN support for Hive account@we-are communities: these things are all possible. If you have a particular community in mind and can pledge a delegation/donation of PALCOIN then I'm happy to put the work in to make a PALCOIN voter specific to your community/ies.

Together Hive account@we-are,
-- Hive account@eturnerx