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Title: Palai, the basic income coin nobody seems to be talking about Post by: Tzahnke on January 14, 2019, 01:58:41 PM I recently heard about this coin called Palai from someone on another crypto forum that isn't Google-indexed, and when I Googled it, the main result was the website itself, and a Reddit post on a subreddit for universal basic income cryptocurrencies. Apparently, Palai is distributed to its users, a certain number of coins per day, and that number decreases as more people join the program. However, the coins are very slowly burned to encourage spending! So if you have one thousand coins and you hold them for a day, you'll find that you will only have 999.99 Palai after a few days. Apparently, this is to encourage people to transact with them. And of course, coin burning causes supply decrease, which causes scarcity, and, well, you know. But nobody is talking about this coin, even though they have a perfectly good working live platform! I've received coins through their daily airdrop, and I even watched a few fractions of a Palai just disappear because of their constant burn process. Now, I don't know if this coin will ever catch on, or if it's even legit, but how come nobody is talking about this? Neither positive nor negative; people just aren't talking about Palai!
http://palai.org Title: Re: Palai, the basic income coin nobody seems to be talking about Post by: phnord on February 25, 2019, 04:15:31 PM I think it's hard to discuss it since there isn't much known about its cryptographic characteristics.
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