PuffPaw has completed a seed round of financing of 6 million US dollars, led by Lemniscap Ventures
September 5 news, according to CoinDesk, the e-cigarette chain platform PuffPaw has completed a $6 million seed round of financing led by Lemniscap Ventures. PuffPaw will be based on the Berachain network. It is reported that the Puffpaw project plans to launch a blockchain-enabled e-cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding tokens. The token economy of Puffpaw aims to cover 30% of the cost for users in their first month using its product and provides social rewards. The project also considered possible system abuse behaviors, but it's unclear about issues where users may dishonestly report their smoking habits.
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