$PAL
Community Token
Stake your $PAL Tokens and earn amazing rewards! 1 $RP for every 10K $PAL staked for only 1 week
Read about our updated launch and check out our contract
Help us by dropping a thumbs up on CMC
Launch Token
Launch 1B PAL tokens powered by BEP20 with a powerful and tested Solidity Smart Contract based on OpenZeppelin's newest version 5
Staking & Rewards
Launch staking and reward features that lets PAL holders earn even more PALS and additional rewards by holding weekly & monthly raffles
Trading Pals
Release an early version of a platform on which the Pal community is able to share, trade and interact with a number of beautifully crafted Pals
Mobile Apps
Launch apps for iOS & Android, next to a responsive design for features mentioned earlier that have been developed on Pal's ecosystem
Powerful Pals
Design and develop features that enable a ranking and rarity system for Pals that could, for example, be used for Pal specific benefits
Current Available Supply
100M PAL
Original Plan
There are 2 lock ups in the Solidity Smart Contract powered by OpenZeppelin. This is done with the goal to align the interests of all stakeholders and to maximise ROI for everyone involved. One lock up is for 10% of the total supply for projects & grants that becomes available on 1 July 2024 and one for 10% of the total supply for the founders & team, becoming available on 1 January 2025. Resulting in 80% of the total supply to be available to the community and eventually up to 90% with the Projects & Grants fund. This way, we aim to maximise an optimal price discovery and enable everyone to have an opportunity to be part of this project! Also, full transparency is VERY important, that's why you are able to check out our Smart Contract to verify everything for yourself!
New Plan
Sup Pals!
Here is an update on Palcoin's ($PAL) launch! After many calculations and discussing tens of launch strategies, we have chosen to go about it with a very careful and gradual line of action. Starting with an initial total supply of 100M PAL that is planned to be used for several trading pairs and launches, including both centralised and decentralised exchanges.
Our first launch is on PancakeSwap’s powerful V3 that is a very efficient and user friendly DEX (decentralised exchange) supporting BNB Chain. Thus, as you might have guessed, the first pair is set to be BNB/PAL.
Important details to note are as follows
The initial supply available at contract deployment is followed by a possibility to unlock 100M PAL every half year (26 Weeks) for 9 more times starting with the first block of 100M tokens to be available for unlocking on 27 May (00:00 UTC) with an associated timestamp of 17167680000. Thus, resulting in a total supply of 1B PAL as originally planned.
The idea is that one request to unlock 100M tokens (10%) shall only be done in favourable market conditions, when we believe that PAL’s price justifies that it is a great time to find and reward additional designers, developers and other stakeholders to deliver value to our community. Another reason could be that supply is needed for a deposit to our next significant listing or whatever reason there might be that brings value to Palcoin and its community, products and services. This strategy also gives us the flexibility to swap out a block (100M) of the total supply for other promising protocols and networks, such as the one and only ERC-20 standard, the rather new BRC-20 and perhaps Solana’s protocol. This will simply be done by either renouncing ownership when everything is in place for our BEP-20 side or by withdrawing a block and burning it, having a clear and easy to understand way to follow these transactions on the blockchain. Overall, always keeping the total supply, even cross chains, to be at 1B PAL.
Palcoin’s Goal in Life
The goal of Palcoin is to create an optimal reach that results in a community with all kinds of talented individuals, being kind and supportive of each other and pushing the adoption of crypto further. Next to enabling a global positive culture, promoting creativity and leading the way for innovation. We’re super excited to have started this journey and we hope you are too!
The initial price per token is set at 0.001 USD in a PAL/BNB pair on PancakeSwap’s 1% trading fee tier and gains from transactions will be added back to provide liquidity on a frequent basis. Eventually, when 100M tokens are allocated to PancakeSwap’s DEX and others, this supply will be locked with the help of a decentralised liquidity locker, such as UNCX.network to further improve the security of Palcoin.
Another important detail is that, since our project still is very new and has little presence, combatting bots or at least finding ways to stop most in their tracks is of importance. That’s why there is a 20% tax (buy & sell) for Palcoin’s first week. Since the price is set at ~0.001 USD per PAL, we believe that it is still very interesting for pals (you) to jump in early, as you think that Palcoin is a long term winner, while bots and shills that want a swift profit by creating buying pressure and then quickly selling are strongly demotivated, since they would lose 40% of their PAL just to trade it in the first week. After the first week, the tax will be reduced to 10% for 4 weeks, then 4% for 10 more weeks and then to 1% that, at this point, we really like to call a contribution rather than a tax, since these funds will be used to keep building products and services that create value for Palcoin and its community, next to rewarding talented individuals for their work on supporting Palcoin in the process.
Not just a meme coin
It’s also a great way to step away from a simple meme coin with an initial gain in value and then slowly fading community enthusiasm, as interests of the ones creating the project and the ones promoting it gradually drift apart, because of income generated by the project running dry. With a continuous contribution of just 1 percent, everyone’s interests are aligned and only when Palcoin becomes and maintains to be a vibrant ecosystem, with lots of transactions on a daily basis, a guarantee for income for further development would be created. This comes on top of all the talented individuals' willingness to help out each other and build for Palcoin, of course! Overall, aligning everyone’s interest to make Palcoin a viable real world project with use cases that continue to bring value.
To conclude, there is also a limit of 10.000 PAL per transaction until 27 May 2024 in order to enable everyone to have a better chance to get PAL and limit ways for whales to eat up supply.
Thank you for reading so far
As a note to finish this announcement, if you hadn’t noticed yet, we’re really looking at Palcoin (Palcoin.co) as a long term project, where we gradually improve, launch, adapt, innovate and learn together, amongst many other things, such as having fun and most important of all, pushing the boundaries of what is possible with crypto in everyday life.
Thanks a lot for your interest in Palcoin and reading until here❤️ We hope that we were able to excite you, just as much as we are!🤩
Working with many of today's industry leaders
Next block (100M PAL) will be available in..
Community Token
Palcoin's Atomic Tokenomic
100M
Available Supply
900M
Locked Supply
1B
Total Supply
1%
Transaction Tax
10K
Max. Transaction Size
10% LOCK (July 2024)
100M lock up becoming available on 1 July 2024 for Projects & Grants to create value
10% LOCK (January 2025)
Palcoin's team reserved only 10% of the supply that becomes available on 1 January 2025
1% Tax on Transactions
To keep interests aligned and enable future developments
10K Max Transaction Size
Until 27th of May 2024, there is a maximum size of 10K PAL per transaction to promote stability
Frequently Asked Questions
Currently, PAL is available on PancakeSwap, which is an decentralised exchange. In the future, more and more exchanged will be added, including decentralised ones with our aim set on Binance.
Since we want everyone to have a chance to be part of this wonderful project, the price of PAL starts SUPER cheap. By limiting the maximum size of transaction until there is some stability in the order book, we aim to create better price discovery.
The limit of 10,000 PAL per transaction is lifted on 1 July 2024, as can be seen in our smart contract's code. After that date, anyone can buy and sell without having to do multiple transactions for amounts of over 10k PAL.
By including a 1% tax on transaction, the team behind Palcoin can make sure that, as long as the project stays vibrant, there are funds available to continue the development in order to deliver value. This way, the community's and the team's interest are aligned not just now, but also in the future.
We are not affiliated with Palworld or the company Pocket Pair in any way, shape or form. The two video backgrounds used on this site are for illustrative purposes only, since we really like the look & feel. That said, Palworld is a really fun game that brings a wonderful experience to the genre that many have been dreaming of. So, if you haven't tried it yet, go buy the game on Steam or play it on Game Pass!