Greetings Community!
On Oct 6 2022, we successfully organized an AMA event with PUMLx, on Red Kite’s Telegram Channel. We’d like to give a massive thanks to all of our audiences who joined us and our special guests Mr. Damien King — Founder & CEO and Emma Crudgington — Head of Sales and NFT Launch from PUMLx, who shared very in-depth knowledge of the project.
In this recap, you will learn more about PUMLx, a new ERC20 token that will power the PUML Ecosystem.
The AMA included 3 segments:
- Segment 1: Guests and Project Introduction
- Segment 2: Twitter Questions
- Segment 3: Live Community Quiz
WINNERS WILL SHARE A PRIZE POOL OF $300!!!
Segment 1: Guests and Project Introduction
Host: Hey Everyone! Please welcome our speakers for today, Mr. Damien King — Founder & CEO of PUMLx! How are you today? Hope you are excited for our AMA session !!
Mr. Damien King: Hey everyone in the community! Thanks for having me.
Host: Great! we’re also looking forward to hearing about your project!
Mr. Damien King: Happy to have the opportunity to talk to amazing people about the things I like the most! Let’s start!
Host: Please share with us the background of the team behind this project. What are your past experiences?
Mr. Damien King: Sure thing, I’m the Founder and CEO. I’m an engineer and I’ve worked for companies in the UK like Virgin, BBC and others. I’ve founded a SaaS Twitter Startup, funded and exited that company. I got into crypto by mining bitcoin in 2012. Our team, located primarily in Australia — has experience from some of the world’s largest companies, including; Uber, BBC, Virgin Media and more.The team has been devoted to the progression of the “Move-to-Earn” space as much as the PUML ecosystem itself. At its core, PUML is the culmination of multiple people’s ideas, passions, beliefs and knowledge. Overall we have experience in both Web2 and Web3 and its my SaaS background that inspired move to earn for Corporates
Host: The second question is About PUMLx please have a quick-introduction to the community about your project and what will it serve?
Mr. Damien King: Sure PUMLx is our new ERC20 token that will power the PUML Ecosystem. In 2021 we launched our B-2-B Move to Earn with Corporate companies and earned $500K in revenue in year 1.But with the success of Stepn and other apps in 2022 we decided to expand our platform to be B-2-B-2-C. All the hard work we have done with API Data integrations of wearables such as Fitbit/Garmin/Apple Health and more have now been opened to consumers
We will have PUMLx as our Utility and future DAO token to power the consumer economy of our platform. Our community will be able to earn our InGame Coin — PUML for completing healthy challenges such as Steps, Meditation, Hydration, Sleep and more. Then if the purchase our WearX NFT they can multiple how much PUML they can earn.
In the future they will be able to Burn PUML for PUMLx. PUMLx can be staked for strong APY; and used to purchase our NFTs and other unique experiences with Athletes, sports and wellness
Host: It’s great! Your project will attract a lot of investors! Can you share more about your roadmap ? What are you aiming to achieve in the 3-months term ?
Mr. Damien King:
1. So one of the first big items is our Staking Contract. That is going into Audit very soon and we will prioritize Staking for PUMLx holders.
2. “WearX NFTs” is our NFT that further gamify our app experience and make the PUML ecosystem stickier. It allows users to earn more PUML in the mobile app for daily steps. This is very exciting as some WearX with 10x the multiplier on daily rewards!
3.Allowing PUML to be burnt into PUMLx and using a real time algorithm that calculates the daily conversion rate. What is super unique is the PUML -> PUMLx burn rate will change daily based on the number of people burning. We also have plans to burn any non claimed PUMLx each day making it deflationary.
4. We are launching Athlete NFTs” that will help to foster new relationships with Athlete’s and build their net worth/fanbase . We have a very large extreme sport Athlete who has signed with us that we will be doing a collection with. And lots more to come.
Host: We are looking forward to your upcoming activities! Let’s now proceed to the 2nd segment, the Twitter Questions!
Segment 2: Twitter Questions
Host: A while ago, the team chose five questions from Twitter. Here is the link. The first one from @Nya_Chan1 Earning in the game is important, but with me having fun while earning is also important. To what extent does #pumlhealthio focuses on the entertaining aspects of the game? What measures are in place to help make the game suitable for everyone, including non-crypto people?
Mr. Damien King: Thanks for your exciting question. Providing a fun user experience is at the forefront of everything we do. PUML embraces and celebrates individuals achieving their health goals. We realized quickly that people wanted to share their growth and fitness achievements so we built a custom social feed, leaderboards, tipping and introduced team-based challenges. If you’re looking for even more of a challenge, you can compete against our Athlete ambassadors! In addition to this, we are now implementing an optional NFT — WearX — which will unlock further utility, multipliers and specific, token-gated activities and challenges. We will always have a free-to-play model.
Host: Here’s the 2nd question from @amy_doreing Most investors are focusing on token value and don’t have the right idea about the use and value of the project in the long run. In #pumlhealthio this case, what are the benefits for investors in holding tokens? Do you have any plans to increase demand in the long run?
Mr. Damien King: Move-to-Earn as a whole has been historically tough to sustain for longer periods of time:
- Rewards can dwindle too quickly if not emitted sustainably
- Revenue needs to be consistent in order to maintain the ecosystem
- User acquisition ideally should remain relatively consistent with high percentage user retention
In order to deliver on a sustainable project, we have developed a unique tokenomic model that is based on Corporate Revenue, Brand Revenue, Athlete + WearX NFT revenue and Movement Finance API Revenue. This ensures our platform can continue to build as we grow into a mass market product.
Host: Here’s the 3rd question from @jobas_lehn99 PUML is a MOVE2EARN running App
designed to encourage healthy habits in the most ‘fun’ way. However, there are several move2earn projects, what makes PUML different from other move2earn projects? And what are the main characteristics you have that make you different?
Mr. Damien King: — Dual Token Model encompassing a valueless, infinite supply, in-game only coin (PUML) and a high utility, tradeable, finite supply coin (PUMLx).
- PUML allows crypto native users to earn rewards using Move to Earn principles. Users are not required to own an NFT or PUMLx tokens to start earning.
- PUML WearX NFTs to launch soon and provide additional gamification mechanics.
- Multi — Revenue Model (Primary & Secondary NFT Sales + Corporate facing API keys).
- Longer term challenges designed to actively incentivise long-term exercise and app usage.
- PUML seamlessly connects to all major wearables (Garmin, Apple Watch, Fitbit, etc), allowing accurate tracking of health data.
- All integrations are native connections and PUML can gamify rich health data such as steps, heart rate, calories and more.
- Distributed Digital Health Record to protect user data.
- Users can earn PUML by completing a range of challenges including: Steps, Meditation, Sleep, Activity, Gratitude etc. and then burn those in-game tokens for the Web3 native coin, PUMLx.
- Gamified Challenge Engine built on Ethereum and Polygon.
Host: Here is the 4th question from @Sonihitlor Success of #pumlhealthio a project also depends on how large the community is. Do you have plans to spread awareness to both crypto users and non crypto users in the world ? Especially non-English speaking countries that #pumlhealthio may be restricted from accessing you?
Mr. Damien King: Absolutely! We have engaged several international marketing agencies and ambassadors including Japan, Russia, Korea and Turkey, + more. We are in the process of having our written resources translated for ease of adoption. Our corporate sales team works with a number of clients who are wishing to take us international, too. The PUML App isn’t available in all countries yet — but we are working on rolling out further as soon as possible.
Host: Here is the last question from @DrwyneJ — Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Mr. Damien King: We work with a number of incredible, long-term partners. To start, we’ve partnered with several health science and sports-related organizations including the University of QLD, HYPE, RDK who will continue to assist us in product development, athlete relations and research. Exchanges like ByBit, KuCoin Labs are our long term partners rather than just listing us. PUML has also secured partnerships with major wearable manufacturers and retailers such as Fitbit, Garmin and Samsung for APIs. Some of our international marketing leads include; WeWay — Russia, DADA — Japan, Capstone — Korea.
Host: Thank you so much for answering questions from the Twitter community! We truly appreciate your time and participation today!
Segment 3: Live Community Quiz
The winner will be participants with their fastest correct answer to the host’s questions.
- What is the difference between PUML and PUMLx?
A. Infinite supply, in-game only coin (PUML) and a high utility, tradeable, finite supply coin (PUMLx).
B. PUML is the beta token for PUMLx.
C. There is no difference.
Correct Answer: A
2. Where are most of the PUML team from?
A. Singapore
B. America
C. Australia
Correct Answer: C
3. What are PUML’s two NFT types?
A. WearX and Athlete NFTs
B. PUMLSHOES and Athlete NFTs
C. WearPUML and FitWatch
Correct Answer: A
4. What are three of PUML’s in-app challenges?
A. Steps, Meditation, Sleep
B. Steps, Yoga, Sleep
C. Steps, Breath, Sleep
Correct Answer: A
5. What product was PUML the world-first to successfully develop?
A. The first Wearable-enabled Move to Earn app.
B. GPS movement tracking API for move to earn.
C. The first Corporate Wellness platform that uses Cryptocurrency.
Correct Answer: C
PUMLx’s Official Channels:
Website | Twitter | Discord | Telegram Global Community | Download the Apps
Red Kite’s Official Channels:
Telegram Announcement: English | Vietnamese
Telegram Official Group: Global Chat | Vietnam | Russia
Telegram Community Group — Managed by Trusted Partners: Korea
