PALM is the native token of the Palm blockchain network. Like other blockchain networks, PALM is used to pay for transaction fees (“gas”) whenever a user submits a transaction on the network. In this form, it is an essential utility that both prevents network spam and supports critical network infrastructure.
PALM will be freely distributed to users, creators, and partners who bring activity and value to the Palm network. These distributions in turn provide recipients with the ability to further transact on the network and participate in future network governance.
A quantity of PALM Tokens has been allocated to a smart contract (known as the “Faucet”) that allows Palm network users with the required access key to be able to distribute limited amounts of PALM from their applications on the Palm network so that their userbase has sufficient gas to interact with the Palm network.
If you are interested in working with the Palm network, please submit this form explaining why you would like access to be able to distribute PALM to your users via the Faucet and we'll respond shortly.
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