Battle of the Tokens 2: Palnet Vs Neoxian
Token VS Token
In the second edition of #tokenvstoken we are going to compare and contrast the tags/tribes/tokens/communities of #palnet and #neoxian. These tokens are both similar in that they are general tags and don't discriminate based on content, they differ in that PAL was initially distributed through an airdrop to almost everyone on Steem whereas NEOXAG was distributed to more specific individuals.
In the first edition of Battle of the Tokens we compared Sports and STEM found which can be found here.
What is Neoxian City?
Neoxian City is a tribe set up by Steem's neighbourhood friendly banker @neoxian, their website can be found here https://www.neoxian.city/. The main account is @neoxiancity and the website follows the basic format of steemit.com without many adaptations. #nexoian is a general tribe and there isn't any direction; in his introductory post, https://www.neoxian.city/steemleo/@neoxian/the-tribe-of-neoxian Neoxian describes the token(s) as "digital pieces of fluff."
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?
https://www.palnet.io/ is a tribe that promotes Peace, Abundance and Liberty, it was created by the Minnow Support Group, @minnowsupport. The token is more serious than Neoxian City and as a result, not as fun. You can read about it in their introduction post found here: https://www.palnet.io/minnowsupport/@minnowsupport/palcoin-launch-a-revised-whitepaper-and-token-launch-by-the-minnow-support-project
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
The price of these two tokens is similar, NEOXAG is at 0.024 Steem and PAL is at 0.033 Steem. The 24-hour volume of NEOXAG is 5 x greater than PAL at about $42.72 according to https://steem-engine.com. The Average pending payout of top posters for NEOXAG is 749.1 whereas the average top payouts for PAL is 39.5, making NEOXAG much more profitable for the trendy posters, insiders and whales. Please don't take this as advice to buy either token, I am not suggesting anything just presenting the facts.
| 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
I own both tokens and don't suggest buying either one if profit is your motive. Investing in tribal tokens is generally a bad idea and you should avoid them unless you want to contribute to the conversation and post regularly. These tokens are easily manipulated, they are not regulated and a modest sell order can crash the price at a moment's notice. In no way am I suggesting that you purchase either NEOXAG or PAL and I am not connected to either of the teams.
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.
WHAT DO YOU THINK?
