Battle of the Tokens 2: Palnet Vs Neoxian
Token VS Token
In the first edition of Battle of the Tokens we compared Sports and STEM found which can be found here.
source1 source2
What is Neoxian City?
The Tribe of Neoxian has a regular 'newspaper' highlighting great articles and they are a curation club. They curate all decent quality posts and only chase away posters who plagiarize, spam or post things that are generally offensive like 'child porn.' The tribe is more for fun than anything else and using the tag #neoxian is generally recommended for any poster who wants to acquire some NEOXAG.
What is Palnet?
The tribe is very broad in that anyone can use the #palnet tag in any post, their airdrop was uniquely generous and distributed PAL to almost everyone who was even slightly active on Steem. Palnet is a curation group, the core members are well known on Steem. They have a fluffy mission statement which talks about excellence, the betterment of Steem and the individual poster.
Images courtesy of the Banjo and Gerber bots on Discord
| Token | NEOXAG | PAL |
|---|---|---|
| Supply | 9.377 Million | 15.698 Million |
| Max Supply | 21 Billion | 7 Billion |
| Dividends? | 30% to 'miners' | 10% to 'miners' |
| Authors/Curator% | 50%/50% | 50%/50% |
| Inflation | 5% | 10% declining to 4% |
| Staked Tokens | 5.8 M NEOXAG with 7284 stakers | 2.4 M PAL with 10725 stakers |
General Observations and Opinion
- NEOXAG has a few insiders and people with 'Jobs' in the city, they have most of the tribe and mining tokens. Insider's position and activities control more than 50% of the supply and this won't change with the existing token structure.
- PALNET has a structure which favours the poster, the token was set up to help spread abundance users although there were early adopters and 'curators' who have significantly more abundance than others and are often trending.
- Both tokens have the standard Steemit style website and a fairly active discord where chatting will likely get you better results.
- The NEOXAGM mining token is severely restricted in supply and attracts 30% reduced from 50% of all rewards.
- PALs price has dropped significantly as has the price of their mining tokens, most of the PALMM and PALM mining tokens have not been sold.
Disclosures & Conclusion
IN CONCLUSION: I think PAL is slightly better, NEOXAG is more fun and having 30% of the inflation going to 66 accounts with staked miners, most of whom are insiders is inequitable and unsustainable. Using either of or both the #palnet or #neoxian tags is a safe way to earn tokens on every post.
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What do I think?
I think you should get your facts straight, only 30% of inflation goes to miners, it was changed from 50%. That happened two months ago:
https://www.neoxian.city/neoxag/@neoxian/neoxag-monetary-change
NEOXAG is an ongoing joke and having 50% of the inflation going to 66 accounts with staked miners, most of whom are insiders is completely inequitable and unsustainable.This is pretty insulting.
completely inequitable
The lion's share of my tokens go to my loyal city members, and this is 100% fair. Why should I give them to random assholes like you that don't give a shit about my tribe? Answer me that?
unsustainable
Proof? How do you know its unsustainable? What does that even mean?
Don't worry. Since you dislike my token, you will not be earning any more of them.
Thank you for bringing this to my attention @neoxian, I have edited it. It does actually prove my point that 50% going to miners was inequitable and unsustainable glad you noticed months ago and lowered it to 30%.
By Unsustainable I mean that you cannot sustain the price of the token when there is a payout ratio of 50% of all new supply (inflation) going to a small set of individuals (mining token holders) since general demand isn't there. Economies like these inevitably crash (severe price decrease). When an economy expands it's money supply greater than by what is necessary (i.e. to rewards going to mining token holders than to investors) there will be a significant reduction in the value of that money, all other things equal.
Curators get 50% of 60% or 30% of the new supply plus whatever they have staked. Previously they received just 25%. Investors would buy this token is to get more curation rewards and speculators (irrational investors) would because they believe the price will be higher in the future. As the economy expands, each token produces fewer curation rewards, so the value decreases to the rational investor. At some point, the optimal move for the poster/curator will be to sell the token. There will be less demand for the token as new and better investment opportunities become available, this token heavily favours those who hold mining tokens, although less than before the change.
Your city is a plutocracy and you are the emperor, feel free to do as you wish within your realm.
I don't know much about either of these coins, but I collect them. I like the general coins that's a hard niche to fill though. Maybe they are trying to change the world instead of a corner of it. I practice for SMTs with these. I hope they make some great analytics tools so we can look into these and explore them more.
When the entire economy is worth a few thousand dollars traditional analysis doesn't work. An insider deciding to leave or cash out before someone else does is unpredictable. Even major cryptocurrencies such as BTC have significant and unpredictable volatility. I suspect a strong majority of these coins which don't offer real-world rewards to trend to zero. The unregistered wholesale of currency is illegal in most countries, such as the United States. I doubt most of these mining tokens sellers are registered to sell their mining tokens in the USA or most jurisdictions for that matter.
I guess analysis is tough. Need to consider other things, or as you do a comparison.
I guess because it is small potatoes regulators don't care. Besudes the blockchains record everything so they can just wait and see. A lot of the owners and main people may not know or care. Or they may live in regions where they feel protected from this.
Uncertainty keeps prices down.
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