Everything you do on PALnet will be reflected on Steem interfaces as well; if you hold PALcoin staked, it's like powering up your Steem into SP. It will allow you to allocate rewards in both tokens while voting on content all over the PALnet front end, and all Steem front ends if the palnet tag is used. Overall, we're just really excited to try to get people excited about engaging, sharing, and being social again. It's a big experiment that we're pretty stoked to be be a part of, so thanks for jumping on board! If you want to keep using the dapps or interfaces you already are, that's alright too. Using the tag will have your content included on the filtered front end and will allow PALholders to allocate PAL to you while they do their curation.
The claimdrop is live now. We do explain it in much more detail in the whitepaper post, but it is largely a snapshot of all active accounts on the chain, compared against holdings, with known farming rings removed, and with a cap on current Steem whale stake.