Palnet the first Token traded on hive engine smart contract.

Palnet is the first tribe or token on the hive-engine smart contract which was know as scotbot back in the days it was launched by the Peace, Abundance, and Liberty Community.which was then the biggest social media platform on hive where you can earn crypto rewards for your posts just like hive, Palnet was the second Dapp built on the decentralized social blockchain Hive by the hive engine team. Your account, content, funds, and social connections are all recorded on the Hive blockchain, and this information cannot be changed or deleted by any other party. This is one of the most outstanding Dapp on the hive-engine ecosystem back in the days as they did one of the biggest airdrop in the blockchain airdropping pal token to all hive accounts base on their hive power. the community is also the first community to get the role out of new updates on the further development of the hive engine smart chain but recently it seems time has changed for the token as its trading way below the initial launched price when you compared the price now to when it was still trading on steem-engine.

Palnet has a total supply of 1 billion tokens, while having 37999185.541 tokens are currently in circulation and 16,479,276.774 is currently been stake. The remaining tokens are locked in a smart contract and will be released gradually over time through mining as content creators.

All datas and images was collected via hive-engine

In conclusion palnet has been relatively been trading on hive engine right from the launch of the dex time and is often considered as the Litecoin of the hive blockchain second layer token market as most updated are rolled out on palnet before implementing on other tokens past months since we have been navigating through the bear market most tokens has been struggling with liquidity stagnancy also as most investors prefers to seat on cash and major crypto currency with high liquidity with a stronger dollar which is forcing all risk assets to sell off the price has recover to any significant level although not too significant . The price has fluctuated slightly, but there has been no significant movement in either direction. The 24-hour trading volume is also relatively low for a token with such utility which also suggesting that there is intermediate activity in the wav market with about 0.2 hive trade volume.