PAL & LEO Are Proof That Steem Can Be A Successful Smart-Contract Platform!
You know, when Steem-Engine first launched, I was a little bit sceptical that it would become successful. During those first couple of weeks, everybody was launching their own token, most of which didn't really amount to anything.
It was only when PAL first launched that I saw any real promise. PAL immediately had great support from the community and we actually started seeing some decent trading volume. PAL's value also went up significantly, with enough BUY pressure to support it.
I have to admit that I was quite tempted to sell everything at once and cash out. I'm glad that I didn't, while I've sold around 200 PAL in total, I staked the rest.
Oh boy, was I happy that I did that when SteemLEO launched and sent out an airdrop to everyone who had staked their PAL. Again, SteemLEO's price started out very strong and I see no reason for it to drop significantly any time soon.
More To Come!
All of this has been made possible without having SMTs, imagine what would happen if SMTs were finally released!
I suspect that the success of PALnet and SteemLEO will have long-lasting effects on the entire Steem community. They've shown that it is possible to launch successful projects on the Steem blockchain (via Steem-Engine) and I suspect that this will not go unnoticed. Having proof of working products like these is invaluable in my opinion, even more so because they're actually supported by fairly large communities underneath. It's something that most other DApps can only dream of. Think about all the DApps on other blockchains that barely have any users. (hint: there are a lot!)
Because the community here on Steem is so tight-knit, it's not too difficult to reach a fairly large following from the get-go. To me, this is the main reason why I think it's possible for Steem to become the go-to blockchain for future DApp developers!
Investing on Steem-Engine
Look, I'm pretty conservative with my crypto investments, I hold just a couple of coins: Bitcoin, Steem & Litecoin. I've now reached a point where I'm actually seriously considering investing more into projects like PALnet and SteemLEO.
While, I do not give out advice on what you should do with your money, I can still say that it might be a good idea to buy into some of the projects on Steem-Engine that you support. I suspect there might be more of these airdrops coming to people who stake their PAL or SteemLEO tokens. When that happens, I want to be 100% ready for it!
In the end, do what you feel is right, but make sure you're not left out when things are moving forward on Steem!
I'm going back to the beach to drink some more cocktails, I'm still on vacation after all...
