PUMLx (Ecosystem Token)
PUMLx is a brand new ERC20 coin that is launching in 2022
PUMLx will be able to do everything a normal crypto asset can with staking rewards, asset swapping, etc, being available at the time of launch. As PUML will be releasing Digital Wearable NFTs and Athlete NFTs in order to bolster the ecosystem and allow users to unlock more experiences, PUMLx will act as a way for investors to purchase said NFTs. Initially, PUMLx will be speculative by nature but will eventually aid in the growth and trajectory of the PUML ecosystem as it builds ecosystem Utility, credibility as the defining Move-to-Earn token and transitions in future to Governance.
- Stake to earn via the PUMLx website
- Use to purchase PUML assets i.e. Athlete NFTs, WearX, etc.
- Speculative, market tradeable
- Governance (coming soon)
Earning for users will come directly from PUMLx. We’ll have a staking portal for users to earn PUMLx via staking with decent APYs initially that will depreciate over time as the staking pool decreases.
The below graph portray's PUMLs sustainable reward curve with early adopters being rewarded for their engagement and rewards slowly decreasing over time (which should be in line with user growth). As revenue builds the PUML treasury, PUMLx can be bought off the market and added back into the rewards pool; potentially driving rewards beyond 2027.
Please note these are example numbers and may not reflect final rewards.
Additionally, users can earn fees for providing liquidity to LP pools on our selected DEX. This will be roughly 0.3%.
PUMLx will be able to do everything a normal crypto asset can with staking rewards, asset swapping, market trading, etc, being available at the time of launch. As PUML will be releasing Digital Wearable NFTs and Athlete NFTs in order to bolster the ecosystem and allow users to unlock more experiences, PUMLx will act as a way for investors to purchase said NFTs. Initially, PUMLx will be speculative by nature but will eventually aid in the growth and trajectory of the PUML ecosystem as it transitions from Utility to Governance.
PUMLx will act as the broad PUML ecosystem’s utility token (and eventually governance token) which will be tradeable and have intrinsic value tied to it. PUMLx will further unlock DeFi incentives and rewards for the wider PUML ecosystem.
Stake PUMLx to get access to the MoveFi rewards pool for a compounded return. Trading fees collected by the protocol will also be distributed to PUMLx stakers as rewards from our NFT Athlete and Sports Marketplace.
PUMLx allows holders to purchase all assets released through the PUML ecosystem. This will include the purchase of Athlete NFTs, Digital Wearables and other valuable commodities PUML releases over time.
Question: If users will burn PUMLx doesn't that mean the price will decrease due to selling pressure?
So our 2 token model is
1.> PUML infinite supply that is a game coin
2..> PUMLx utility / governance coin
...It's actually a key point of different to Stepn and the Stepn copycats.
We are working on an algorithm where there is a daily rewards pool of PUMLx. Each PUML burner ration of PUML->PUMLx is calculated daily in real time and you can accept to burn or not.
i.e. early adopters will get a high multiplier but as we add millions of users we are not instantly give away millions of PUMLx
- we are giving away PUML
- The genius is we don't have to have a cap on new users and can onboard millions of Web2 users without diluting our core coin PUMLx
- Stepn had to cap invites and now they are at an earning celing
- The daily burn will come out of the MoveFi - ecosystem reward that includes Staking rewards and PUML burn rewards - Max supply 150Mil. - Or the biggest Holder of PUMLx, you the stakers.
Question: So with this algorithm after a while it's gonna be hard and harder to earn pumlx from the app because there are many people, the price of pumlx will grow anyway, but if earning becomes that hard how we can attract new users!?
This is where the NFT model comes in - WearX (Watch NFTs). You can increase your PUML rewards by staking an NFT.
But if you just want to claim the minimum rewards will become smaller. Has to be a sustainable model.
Currently, the App is working without the NFT and when we start to open the burn, the PUMLx daily claim should be high.
We would also like to implement a Fee/Excess PUMLx burn.
i.e. at the end of the day, any unclaimed PUMLx is burnt and we keep a deflationary model
We also have plans of marketplace fees going back into the burning pool. Some similarities with the Looksrare comunity share.