PUML EOS (Beta) to be retired to make way for new Two Token Model PUML/PUMLx (ERC20)

As PUML begins to gear up for the official PUMLx launch event in 2022, we’re announcing to token holders that “PUML coin” — originally built on EOS as a beta token — will be delisted from all decentralized exchanges and the entire blockchain ecosystem. You have until Sept 1st 2022 to Burn PUML EOS and prepare to claim PUMLx.

PUML + Ethereum

The original vision for PUML was to be a mass-market product, something that could bridge the gap between web 2 and web 3 users. At the time, and even still today, Ethereum was not a scalable platform. This is why PUML was originally built on EOS.

EOS uses a delegated proof of stake consensus mechanism as opposed to Ethereum’s Proof of Work. No one even knew what proof of stake was in 2018–2019 when PUML was founded. EOS was created by Dan Larimer, a very smart guy who was quite good friends with Vitalik, and he understood the issues the ETH was dealing with, with their scaling. At the time the EOS platform offered more opportunities that would allow PUML to build a mass market app, and that’s why PUML originally chose to go with EOS.

As the market continued to evolve and as Ethereum became more scaleable with the invention of layer 2 scaling solutions and the evolution of NFTs, it made sense to migrate over to an ERC20 EVM world where the biggest markets for NFTs were being built. PUML’s flagship Genisis Sports Athlete NFTs are built on Ethereum as the PUMLx token which is in the works.

Burning PUML(EOS) for PUMLx

As PUML will be delisted from all exchanges and lose all current in-app value, we wanted to ensure you weren’t missing out on any of your gains. We’re going to be providing a straightforward process for you to burn your PUML and receive PUMLx in a 2:1 exchange (2 PUML : 1 PUMLx). The process is explained below:

  1. Acquire the PUML Burn address from this link; https://bloks.io/account/pumlburnburn
  2. Prepare a transaction to send PUML token from your EOS wallet to the PUML Burn account
  3. Add your Ethereum address in the memo. This step is crucial and you will not receive PUMLx without it
  4. Send the transaction
  5. We’ve created an example transaction which you can view below or at this link; https://bloks.io/transaction/5047c5392e32846559c16f7dedb14af18088b26d47df09a558b9d7b37df443f9

Burning your PUML for PUMLx is currently the only way you’ll be able to keep your value and we’ve ensured this is the easiest process possible. Should you have questions on the process, our team is always available to help in the official PUML Telegram.

In-App Wallet Integration

Due to delisting PUML off of EOS, the EOS wallet will be removed from the PUML app and replaced with Ethereum native wallets. This will include Metamask and wallet connect, to ensure any Ethereum compatible wallet can be connected to our app. Eventually as PUML begins to branch out, other chains will become available and wallets will connect seamlessly.

Future of PUML

As PUMLx aims to launch onto Ethereum in late this year, we look towards the future excitedly and seek to continue developing our world renowned health products/services. Delisting from EOS is not the end, but a new beginning for the PUML ecosystem and our beloved community. Over the coming months, PUML will pursue new goals including:

  • PUMLx Token Generation Event
  • PUMLx listings on multiple DEXs and key CEXs
  • Increased releases of new challenges on the PUML app
  • Minting/release of our flagship Athlete NFTs
  • Minting/release of our Digital Wearables
  • Increased in-game only PUML rewards (and ways to use it)

To keep moving to earn with PUML and to ensure you’re up to date with our movements, we invite you to do the following: