Why PUML Switched from EOS to Ethereum: The Two Token Model Explained
A few months ago, PUML made the switch from EOS to Ethereum, introducing a new model of two tokens: PUML and PUMLx. To clear up any confusion, we wanted to explain why we made the switch and what the differences are between PUML and PUMLx.
Why the Switch from EOS to Ethereum?
The decision to switch from EOS to Ethereum was not an easy one, but it was necessary for the growth and development of PUML. While EOS was a great platform for us to start on, we found that it had limitations when it came to scalability and interoperability with other platforms.
Ethereum, on the other hand, is the most widely used blockchain platform for decentralized applications, providing a more robust ecosystem that enables interoperability with other applications and platforms. Ethereum also has a vibrant developer community, which means that we can tap into the latest developments in blockchain technology and integrate them into our platform to provide our users with the best possible experience.
The Two Token Model: PUML and PUMLx
With the switch to Ethereum, we have also introduced a two-token model consisting of PUML and PUMLx. PUML is the in-game token that rewards users for syncing their health data and completing challenges and classes. PUML can be used to purchase Athlete NFTs, discounts, coupons for fitness equipment, wearables, gift cards, and other items within the PUML ecosystem.
PUMLx, on the other hand, is a utility token that users can acquire by burning their PUML tokens. It provides users with access to staking rewards, asset swapping, and the ability to purchase PUML-sponsored or created NFTs. PUMLx is a speculative token that can be traded on the market and also provides users with governance rights. To buy $PUMLx or to find out more about it, click here. Link: https://puml.io/pumlx
The Differences Between PUML and PUMLx
The main difference between PUML and PUMLx is their purpose. PUML is the in-game token that users earn by syncing their health data and completing challenges and classes. PUMLx, on the other hand, is a utility token that provides users with access to additional features within the PUML ecosystem.
While PUML is infinite in supply, PUMLx has a maximum supply of 500 million tokens. PUML can be used to purchase items within the PUML ecosystem, while PUMLx provides users with access to staking rewards, asset swapping, and NFTs.
Find PUMLx on CoinMarketCap here: https://coinmarketcap.com/currencies/pumlx/
In Conclusion
The switch from EOS to Ethereum and the introduction of the two-token model has allowed PUML to provide users with a more robust and scalable platform. PUML and PUMLx have different purposes, but they work together to provide users with a seamless and rewarding experience within the PUML ecosystem.
We hope this article has provided you with a better understanding of why we made the switch and what the differences are between PUML and PUMLx. If you have any questions or concerns, please don’t hesitate to reach out to our awesome team at hello@puml.io.
There is much more to the story… explore more detailed information in our whitepaper by clicking here. Link: https://whitepaper.puml.io/
