Palnet.io Review/BtcMyk Forward Token Split

Hey you, welcome back to the channel. And today we want to do a review on Powernet Network. So what is that? This is a Steemit front-end site that runs on the, that is tradable at the Steam Engine marketplace. And so this is becoming very important. If we go back to the, excuse me, the very early history of the Steemit blockchain. A lot of the confusion was that the Steemit social network was the Steemit blockchain. In reality, the Steemit blockchain consists of over 300 different applications. They do everything from social networks to games to Instagram-type sites to, you name it, gambling apps. It's just a lot of different applications. Anything you could think of building, you can run on the Steemit blockchain. And so there are many of these sites now. Uh, the problem was with Steemit.com, which is a company that created the Steemit social network, uh, is that their role in this, um, was to be a very limited role, and we were the users of the blockchain were supposed to build many of these applications. Well, Steemit became quite popular, and then the resources it took to run Steemit, uh, and a lot of those details, um, uh, became to be quite a bit of strain on the system as it wasn't originally meant to be this way. So now what's happening is the community is building many platforms on the Steem blockchain and having their own, uh, token that trades against STEAM that runs on exchanges like the STEAM Engine, uh, exchange, right? And so this is very important, uh, makes a lot of sense because what it does is it now allows the STEAM blockchain to function how it was really meant to function with this efficiency that it has now. So What are some differences with the, with this, with the PAAL that I'm finding so far? Well, of course you can see the PAAL token, uh, and, um, what it is, is again, it's a lot more resources coming into the STEAM blockchain with all of the community now, uh, making more investments into products and projects at the same time being able to capitalize on it with their own token, uh, that trades against STEAM. right? And so that's freeing up a lot of the hands of steamit.com. It's making a better experience for the end user because now what you have is you have the ability to where a lot of what the community is asking for and is looking to see will be now available to them, right? And so that's going to work a lot better, right? So it works exactly like Steam. Like the Steemit blockchain with Steem Power, but now it is their own customized token, uh, what we might call or deem the SMT, the Smart Media Token project that we have been awaiting so long for. So you can see a variety of contents here, uh, content here. This particular person, Steem Basic Income, I already like the sound of this. It's a universal base income type project for Steamians. And you know how I feel about universal basic income cryptocurrencies. I want to see the space just covered with them. So I'll definitely be looking into this project. Here's another one, Steam Geeks. It's a Steam community focused on Steam content. And so it's— you're starting to see more of this hive mentality with these type projects where people are able to congregate together and create a type of products and projects that they like to see on the Steem blockchain, that's gonna add a great deal more value to the Steem blockchain, right? And it's gonna give us the products we need. And, you know, Steem was the original to the social network craze in cryptocurrency over the blockchain. And that's why I believe they've prevailed so long as they have and have been able to maintain at a certain value level unlike any other, uh, projects. And I think that's, uh, due to its pedigree here. Here's the Steam Engine, uh, protocol that allows, uh, many of the cryptocurrencies that trade on the Steam blockchain to trade against the Steam, uh, cryptocurrency. And so the POW Network looks awesome, uh, as far as I can see. Not to mention, um, PAL is, you know, value-wise, I think it's about half the price of a STEEM dollar right now. But I would easily project that the PAL network, it will be competing with the STEEM dollar probably fairly soon here, if not surpassing it. And that's another great thing about these SMT projects that trade against STEEM. Many of them have a much more better chance of performing a lot better than Steemit because remember, when it comes to developers, hiring developers, these developers are now incentivized to create their own projects and put as much building and money and resources into it as they deem without restrictions and budget limitations on what you would get with maybe like a company like Steemit.com. So because of that, in theory, we should get a great deal more better products and projects. And I could tell you the, um, the, um, the user base to Pal Network, although it's only started just a few months ago, it's already, uh, doing very, very well. Very, very well. And, you know, in fact, um, the PalNet, I would say, is probably the best— if you want to call a clone site to Steemit, um, it's probably the best out there. Now there's others, excuse me, that might be performing a little bit better value-wise, but they don't integrate into the Steem blockchain. Uh, they don't trade on Steem as a marketplace. Uh, they don't have interoperability on the level of the PAW Network. And because of that, excuse me, because of that, that's what gives the PAW Network So many advantages, right? And so, uh, you have many opportunities here to get in, start owning these Powernet tokens. They did a great airdrop. I think they gave out like 100 tokens or something. Uh, I think that would be, um, uh, like an extra $20 or something at the time. And, um, yeah, just had a very good start and, um, just looking really, really good here, the Powernet. So I like Powernet. I just started using it. I was a little bit late to it, but I like what I'm seeing. And I have been talking about DTube a little bit earlier, but the PAAL Network integrates through DTube, so you can earn these PAAL tokens uploading videos as well as blogging and a variety of things. So they're looking very excellent. I, you know, I'm glad to see projects like this and just so happy with our project BitcoinMYK to be trading alongside them on Steam. uh, engine, uh, exchange, as well as, um, we'll be seeing DTube soon. Very big, successful projects that I think are going to make a lot more sense in the cryptocurrency space, uh, than what we've seen, uh, um, up until this point. All right, so now I want to get you over to the Steam Engine, uh, exchange, where the PAAL token trades, huh? Well, I'm going to look at how it's performing, and then we're going to get into the BitcoinNYK token, our project that also trades on the Steam Engine exchange, uh, as a, um, way to facilitate the movement of Bitcoin throughout the Steam blockchain, as well as a universal basic income, um, token, as we believe that is the future for mass adoption of cryptocurrency. But we're going to get over there and talk about that a little bit. Okay, so we're at the Steam Engine marketplace now, and you can see the PAW coin. This is the actual cryptocurrency that trades on exchange. You know, of course, what I think makes these projects just so great is the interoperability of them. So each one of these cryptocurrencies you're seeing. You only need one account. They're all applications on the Steem blockchain. You only need one account and you have access to all of these applications on a very robust blockchain, which many developers like to build on. Of course, the Steem blockchain was created by Dan Larimer, same person responsible for creating EOS and BitShares. So, uh, PAW Coin, uh, very interesting project. Uh, you know, this project might actually— this might end up being the new Steemit. Uh, that's what it feels like, uh, because I think they're going to be a lot more ambitious, uh, with the direction of Steemit. As we can see, there are a lot of hive-like communities, there are UBI programs, there are— this is more community-driven for the community to be able to put forth and do the things that are going to be necessary for growing this, the STEAM community. Uh, also with the proposals coming over from Hard Fork 21, many of these projects will be able to seek funding from the community, uh, with money put up by steamit.com. I believe over— they're going to start off with over 200,000 STEAM dollars and see how things work out from there. And based on the data they gather from that, they will know what direction to proceed with. So it's kind of reminiscent of that way of many of the masternode communities like Dash and the NRG token that have a treasury that allows these projects to develop projects the community wants to see and actually want to use. So, um, yeah, very excited about these projects. The PAAL coin. Also, DTube's gonna be, uh, on this exchange as well. Right now it has a, um, a connection through the PAAL network, uh, where you can upload videos, uh, uh, through the DTube system, which is the video hosting, uh, format. but it's connected to your Powernet accounts. So I think this is going to perform a lot better than STEAM, and I think it's going to be a lot more opportunity. Uh, the reason I'm saying it like this is because I think STEAM is more— the STEAM token is acting more like a stablecoin now. Uh, that's what it feels like. It's generally pretty stable, but when it comes to speculation, uh, in those type areas, Uh, it doesn't quite, you know, do well as far as speculation, but it does good as far as being a money. Now what these projects are, uh, what I'm seeing like PAW, and I think they're going to have a great growth potential with it within their own dollar that is trade against Steam Dollars, right? So the PAW coin is actually up today a little bit over 1%, but I think Uh, it will be competitive with the Steam Dollar, and it might almost trade on par with the Steam Dollar. So that's why I'm so excited about these, uh, these projects. Uh, you know, also very excited because, uh, as many people who know, who watch the channel, our cryptocurrency Bitcoin MYK, that what we're going to talk about next, actually trades side by side with projects like, um, uh, the POW.NET, POW.NET, and DTube. And, and this is so important because it's all this interoperability going on. So that means that all your trading and accounts all integrated at one place, uh, and that makes it a lot easier to, to, to, to work within the Steam ecosystem over 300 applications are present on the ecosystem. And this makes it all accessible in a very easy way. And there we are, BitcoinMYK, we're down there. And want to release the latest news with BitcoinMYK today, and that was the 4-token split. So what that means right now is that everybody who basically holds tokens in BitcoinMYK, you're gonna now receive double the amount of tokens you have now in your possession. And you'll be able to come over on our website, and if you don't receive your tokens right away, you can just request them and we will make sure to get them over to you. You can come over on the website and do that, and we will make sure that the tokens are in your account. Uh, but they should start to get in there automatically. Uh, if you do have a problem with not seeing your tokens, come over to the website bitcoinmyk.com. We'll leave a link in the description. Go through our chat, uh, area. There should be live support available there. Uh, or there will be an email, uh, listed in the chat room where you can contact us directly. Uh, and we will, uh, address any issues promptly. Um, but as we described a little bit in our last video, the fork split is going to double the holdings of your BitcoinMYK. Now this is, uh, some interesting tokenomics. It's gonna double the tokens you have, but the trade volume is actually gonna burn the tokens against the total supply at the same time. So what you're going to end up with is a growing network that is valuable unto itself. The value of the network value backs up and gives value to the cryptocurrency, similar to what you get with the value of Facebook, right? It backs up the value of the token. And as it does that, and as that network grows and the tokens deflate, right? And then individually based on what you do and the tokens you hold, you get more and more. What's happening is there is basically this tokenomics that's hopefully given each of the Bitcoin NYK holders tremendous more value. And it's very experimental, but we're excited to see what happens with this. We think it's the best tokenomics in cryptocurrency right now, uh, and we think that's going to be proven over the next several months to people holding the Bitcoin NYK token, not to mention the interoperability of the Steem blockchain. We think this is all going to work well for the project and tie in quite well with the project. Now this is going to go on for 30 days, uh, meaning any, any Bitcoin NYK tokens you hold, whether you earned them, whether you got them through the Universal Basic Income project free, uh, however you got them and however you hold them over the course of the next 30 days you're gonna, you're gonna receive twice as many as you normally receive. So if you go purchase them on the, over the exchanges, if you purchase them here on the Steam Engine Marketplace, you will be awarded twice the amount you bought. Now the part you need to understand is on August 19th, what will happen is the 4-split will continue, the tokenomics will continue. However, it will only continue for people who purchase the Bitcoin MYK over the exchanges, right? That means that the people who earn them free on the website through universal basic income or through completing offers, after August 19th, they will go back to earning the normal amount they were always earning. So they'll still be able to collect their universal basic income and earn tokens free, because remember, you do not have to buy Bitcoin MYK. The value of our token is backed up by our user base. The network, the value of it, the availability of the network to transact value from one another free over the blockchain, uh, over the Steam Engine marketplace. And so, uh, because of that, um, there is tremendous value. We believe in that. Excuse me, guys. And of course we would have that issue. My notifications, I thought I turned them off, but apparently I didn't. Apparently I didn't. All right, take me out of there. Okay, well anyway, having a little technical difficulties in the end, but I think we're gonna go ahead and end the video right now with that. But if you have any questions, comments, or concerns, be free to contact us. And we'll assist you promptly. But until next time, guys, take care and like and subscribe if you like the video.