Palm Trees are small, curved trees. The logs are greenish-brown, and the planks and a splotchy yellow-green-brown. When destroying the leaves, there is a chance that they will drop Coconuts. Similarly to normal logs, smelting a palm log will provide charcoal. Palm trees are probably the fastest growing tree if they have direct contact with water. It seems that using an ax will not speed the breaking process.
Palm Trees are located on the beach by oceans and gulfs, or even small lakes.