Burn Report #5 ... lets burn some PAL

The @buynburn project sends its HBD and HIVE* rewards to HIVE Engine. The account accumulates and periodically burns the accumulated coins.

The goal of the project is simply to increase interest in HE coins.

Each Monday, I report of the total coins burned to date. After I publish this post, I will burn the 621 PAL in my wallet. So, report #5 shows the burn totals so far. I've been able to buy a huge number of coins just 1.25 HBD.

Coin	Burned	HIVE Value	USD Value
HIVE	0	0.001	$0.00
HBD	0	0.000	$0.00
CENT	614	2.127	$0.92
CCC	2,676	1.163	$0.48
TIX	1,478	0.000	$0.00
PAL	631	0.093	$0.03
MEME	1,104	0.141	$0.06
FOODIE	1,694	0.237	$0.10
PAY	210,638	0.021	$0.01
BLOG	4,290	0.026	$0.01
Total	223,125	3.809	$1.61

I am building up piles of coins to burn and have several open orders.

Each reports highlights a differe coin. Today I am looking at PAL.

PALnet.io

This week I decided to burn some PAL which is the coin for the PALnet community. The acronym PAL stands for "Peace, Abundance and Liberty."
The coin was created by @minnowsupport and has the domain palnet.io

The tribe appears to be a general use community with posts on a variety of topics ranging from general purpose blog posts to art.

The tribe has a small number of NFTs for sale.

The tribe supplements HIVE rewards with the PAL coin. I have 10,000 PAL in my primary account. 10K PAL has a reported value of $0.564. My upvote is worth 0.019 PAL.

Half of the reward goes to the author and half to the author. The author rewards are further divided into staked and free coins.

The minimum payout is 0.001. So, an account needs to have 1000 PAY before receiving rewards.

People who plan on actively participating in the PAL tribe should consider buying several thousand PAL. While the interest rate on PAL is low. I think that PAL is a decent buy at the current rate.

The PAL Richlist shows that there is currently about 60 accounts that have over 10K PAL.

One of the biggest challenges of the PAL Token is that the token has an extremely low volume. HE showed that ther was only $0.004634 PAL traded in tdthe last 24 hours. I wanted to burn more PAL today, but I would have had to pay multiples of the bid price to get the tokens.

The tribe has diesel pools with SWAP.HIVE and BEE.

The Picture

I made the picture for this post with DALL-E AI .

I thought that it would be fun have a picture of a boy trying to catch his friends with a butterfly net.

DALL-E didn't figure out my prompt. It generated a picture of a boy chasing butterflies.

Now that I think of it, I probably should have bought an NFT for the post.

Conclusion

@buynburn uses it HBD & HP rewards to buy & burn coins on HE. let me know which coins you want me to look at.

Posted using PALnet