How does this fit into the existing PUML ecosystem?

Most people are familiar with the PUML app. This revolutionary move-to-earn platform rewards and engages users through gamification technology and social features that incentivise better health and well-being.

In the PUML app, the user rewards come in the form of PUML tokens. These tokens can then be exchanged for real-value items, from gift cards to NFTs. They can also be donated to a number of different charities.

PUML Tokens vs PUMLx Tokens

While PUML tokens are blockchain built and operate on MoveFi principles, they are in-app-only and operate more like Web2 game tokens. They bridge the gap between Web2 and Web3, making it easier for novice Web3 participants to engage with the PUML app.

PUMLx, on the other hand, is a Web3 cryptocurrency asset. It is built on the Ethereum platform, and unlike PUML tokens, it’s compatible with third-party wallets, exchanges, listings, and other Web3 systems. This gives PUMLx tokens superpowers that are not useable through the in-app-only PUML tokens.

PUMLx Utilities

PUMLx is PUML’s DeFi (decentralised finance) coin that will have wide utility both in an outside of the PUML ecosystem. It can be used to buy Athlete NFTs and other assets, be staked for yields, be swapped for other assets, and be used in market trading.

Essentially, PUMLx can do everything a normal crypto asset can:

• Staking — Staked on the PUML App and allow an estimated 250% APR year one;
• Trading Fees — Trading fees collected by the protocol are distributed to PUMLx stakers as rewards from our NFT Athlete and Sports Marketplace.

In the PUML ecosystem, PUMLx acts as a way for investors to purchase PUML’s Athlete NFTs and digital wearables with their own wearable NFT utilities.

PUMLx is currently listed on a number of exchanges. Visit https://pumlx.com/#Listed for more information.

Introducing WearX

PUML’s Genesis WearX Collection features 5000 NFTs that are hand drawn and algorithmically generated by the in-house NFT studio at PUML. The NFTs come in more than 600 different trait designs, colourations and variations, such as watch bands, backgrounds, faces, accessories and models.

Like PUMLx, the WearX NFTs are developed and distributed on the Ethereum blockchain. They are digital wearables with real gameplay in the PUML app and DeFi ecosystem. They each feature three primary utilities:

1. Battery — encouraging users to claim their PUMLx bonuses, the battery displays how often a user will have to charge the battery to continue claiming the activity bonuses.
2. Damage Resistance — to keep users active, the watch becomes unusable when the lifespan of the watch reaches 0. This begins on the first claim day.
3. Distance — steps can be claimed on the watch but NFTs range in rarity and impact how many steps. The rarer the NFT, the more steps can be claimed.

More info will be available soon on WearX and its use in the PUML App.

Earning PUMLx

While the move to Web3 marks a massive shift in PUML’s capabilities and features, the experience for users remains the same: move to earn. And existing holders of the PUML token can now Burn PUML to PUMLx and enter into the Web3 MoveFi world.

Simply download the PUML app, register and participate in physical and wellness challenges, collect PUML tokens and convert them in the app to PUMLx.

Whether you’re participating with PUML or PUMLx, you can use the tokens in the same way in-app. What changes is the access to Web3 utilities. Those who want to use PUMLx like a crypto asset can do so, and those who wish to use the tokens as they have before can do that too.

Learn more about PUMLx here.

How to use the app:

View our new guide on how to navigate PUML and its current features. Download it today and start earning.

The post ​​PUMLx Token Amps Up Move-to-Earn With In-App Utilities appeared first on PUML Better Health.

His first trip abroad was for the Paris FISE X in 2012, where he placed first and made a splash in the world of competitive BMX riding. In 2016, in his first-ever X Games debut, Logan took home silver in the Park category, making him the first rookie to score a BMX Park medal since Brazilian Diogo Canina in 2008.

2017 saw Logan claim his spot as the Inaugural UCI Freestyle World Champion. In 2018 he won Gold at the Nitro Circus World Games and silver at the 2019 UCI World Championship.

In 2019, after his local training facility closed, he built his own competition-sized (30m x 15m) BMX park in his backyard at a personal cost of $85,000 (Naming it Logan Land). Fortuitously, this investment allowed him to continue training during the COVID-19 lockdowns when his peers were forced to stay indoors.

Come 2021, Logan Martin was fully prepared to represent Australia in the inaugural Men’s BMX freestyle event at the 2020 Summer Olympics in Tokyo, where he went on to win the gold medal. This stunning victory was secured in just his first time run at the Ariake Sports park. None of his competitors could match his top time of 93.3 seconds.

“It’s amazing to be here at the first-ever Olympics for freestyle BMX, I’ve been doing this a long time, and I’m stoked to represent (the sport) on the world stage…It’s a great move for the Olympics having freestyle BMX, skateboarding, and surfing, and I’m super grateful to be an Olympian and to be an Olympic gold medallist that will forever live on.”

Partnering for the Future of Sport

Beyond the BMX track and in-person competitions, Logan Martin is partnering with PUML for a soon-to-be-announced special project. An initiative to bring fitness, sport and health into the decentralised space where participants can own their data and be rewarded for reaching their goals.

PUML has been a pioneer in the decentralised fitness movement. In 2022 we were awarded Entrepreneur’s Best Move-to-Earn App of the Year. We have empowered organisations to engage their entire workforce, increasing fitness and wellness more broadly. And in the consumer market, we have partnered with athletes to drive fitness challenges, enabling them to engage their fans, own their programs and bring health and fitness through the PUML platform to their community. We have already seen world-class athletes such as Chelsea Hodges, Phoebe Bell, Kiera Austin, and Taylor Smith come through the ecosystem.

Looking further ahead, PUML is bringing fitness into the metaverse, exploring how we can engage people in the real world to be more active by utilising blockchain principles and technology.

The benefit of the blockchain is in its decentralisation. Users are rewarded with real-world value rewards by simply being active and reaching goals. They own their data and can use it themselves to better improve their health and fitness.

Through blockchain and the metaverse, the possibility for real-world users to connect online with similar types of meaningful interactions is amplified. Logan Martin is working with us to dive deeper into these possibilities and bring to life impactful programs and platform functions that make the Future of Sport an inclusive, empowering movement that brings real change to real lives.

Learn more about PUML Better Health’s Athlete initiatives and follow our news hub to watch what comes next.

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