PUMLx: Powering Up Your Health Journey With Move-to-Earn

Move-to-Earn (M2E) is one of the most exciting recent technological innovations. It promotes a healthful lifestyle while giving people the opportunity to earn free crypto. PUML Better Health has been promoting M2E in the wellness space since 2018, when founder Damien King first published a white paper on incentivized health and the importance of owning your own data. 

Fast-forward to 2022: From LVMH luxury goods to Deloitte professional services network, PUML Better Health has signed some of the world's largest corporate clients to improve corporate wellness with a web2-to-web3 angle in the B2B space. Now, they’ve decided to introduce PUMLx as part of their expansion plan into consumer health, sports and gaming.

PUMLx is expanding on M2E with Live to Earn, the future of preventive health in which steps, meditation, sleep and living a healthy lifestyle all contribute to a better life. Read on to learn everything you need to know about PUMLx and what it offers — and how you can start your journey to improve your health and wealth. 

What Is PUML Better Health?

PUML Better Health is an Australian web3 company with a strong focus on sports, fitness and wellness. It’s recently decided to expand its operations into the consumer health, sports and gaming space to incentivize more users to improve both their physical and mental health with game-like challenges on their PUML app.

PUML has lowered the barrier to entry into their M2E program by allowing any user to earn free PUML tokens — which can then be converted into PUMLx tokens — without first having to purchase an NFT. In simple terms, any user who registers for an account on the PUML app can start earning immediately. No wearables are required for users to start tracking their activities, though they can choose to pair their fitness devices for easier monitoring. All major wearable brands can be connected to the PUML ecosystem.

All of the challenges offered by the PUML ecosystem are meant to help users eventually build healthful habits — and continue them for the long run.

What Is PUMLx?

PUMLx is the latest extension of PUML Better Health. It’s a utility token with tangible value, used to reward PUML users for their efforts in participating in challenges. PUMLx utilizes a different way to motivate users to be healthy and earn rewards, primarily by introducing competitive games and purchasing NFTs in the metaverse.

Multiple Ways to Earn

The PUML ecosystem lets users earn in a few different ways. The first is move-to-earn, or M2E, featuring in-app challenges and classes, and taking steps to accumulate PUML tokens. Some of the challenges include doing stretching exercises, getting enough quality sleep, and taking some time to meditate and clear your mind. It can also be as simple as just hydrating. Joining these challenges entitles you to win an NFT, so if you’d like to increase your chances of winning, we recommend choosing to participate in more challenges.

Another way to earn is by staking your NFTs or PUMLx tokens in the staking pool, which entitles you to as much as 250% APR in the first year. It’s important to note that early adopters are entitled to a larger amount of staking rewards than those who join later. In other words, the rewards given will depreciate over time as more users join the staking pool, in order to maintain and even increase the value of PUMLx tokens and NFTs over time. 

Users can also earn fees of up to 0.3% by granting liquidity to liquidity pools on PUML’s selected decentralized exchanges (DEXs). 

Athlete NFTs

PUML is collaborating with well-known Australian athletes to launch a collection of NFTs that represent each of them. You can use these collectible Athlete NFTs to earn attractive rewards, such as gaining access to events, meeting athletes, and more. Athletes are also entitled to a guaranteed 10% secondary sales royalty for every NFT that’s purchased by a user. The purpose behind all of this is to support elite athletes — and to give credit where it's due. 

The Genesis Train With Me Collection is made up of 600 NFTs, featuring six different Australian female athletes. Holders of this collection have access to a wide variety of exciting rewards, such as a PUML Premium worth $59.99 a year, discounts on the PUML NFT Marketplace, an increase in earned rewards, free mint access to future NFT drops, and bonus PUML tokens earned daily from staking. 

Other collections include Elite, which comprises 300 NFTs of six different Australian female athletes, and Metalympics, which comprises 9,999 NFTs of Olympic athletes.

Digital Wearables

Users can look forward to the upcoming release of Digital Wearables, with an initial supply of 5,000 in the first launch. Each one will be priced at 0.05 ETH. They’re a great way for users to personalize their avatars in the metaverse. 

At the same time, each Digital Wearable has its own set of utilities that play a role in the gamification of the app. These utilities will give you a boost when it comes to earning rewards: The better your stats, the more rewards you’ll receive once you complete in-app challenges, classes and steps. For example, each watch type has a maximum number of steps that can be exchanged for PUML tokens in a day. There are six tiers, with the lowest able to claim up to 5,000 steps per day, and the highest tier able to claim up to 20,000.

NFT Marketplace

PUML’s NFT Marketplace is where users can purchase, sell and auction their NFTs with either PUMLx tokens or fiat currency. Rest assured that the collections featured on the PUML NFT Marketplace are all verified and sourced directly from athletes, sports clubs and teams, as well as fitness influencers.

A trading fee is included in the purchase and sale of NFTs. However, 2.7% of the total trading fees collected are redistributed to users who stake their PUMLx tokens and NFTs.

Metaverse

PUML intends to release a metaverse game where you can use your Metalympics NFTs to participate in competitions against other users. You’ll also be able to take part in VR challenges and games, creating an immersive experience to help you stay active.

PUML Better Health’s Dual Token System

What Are PUML Tokens?

You can obtain the PUML token by participating in various activities within the PUML ecosystem. PUML is the platform’s in-app token. Specifically, you earn PUML rewards when you enter Corporate and Brand challenges, or complete daily tasks, such as meditation or achieving a certain number of steps. This creates a reward cycle, since PUML can be swapped for PUMLx to purchase Digital Wearable NFTs and Athlete NFTs.

What Are PUMLx Tokens?

PUMLx, built on the ERC-20 standard, is the main platform token of PUML. You can earn PUMLx by staking, selling NFTs, or by purchasing them through Bybit. 

As the platform’s primary utility token, PUMLx can be used in the following areas:

• Voting for proposals to improve the PUML ecosystem once the governance feature is made available

• Trading on the open market

• Purchasing NFTs on the PUML Marketplace

• Staking to earn more PUMLx tokens

PUMLx Tokenomics

Source: PUMLx

Now that you know more about the basics of PUML, let’s explore its tokenomics. There’s a total supply of 500 million PUMLx tokens, with 30% reserved for in-app gamification, 25% to the ecosystem reserve, 10% to the founders and team, 13% to marketing and partnerships, 17% to token sale and 5% to the project’s advisors. 

In case you’re concerned about inflationary pressure on the value of PUMLx tokens, you’ll be glad to know that PUML offers a staking portal with APYs that will depreciate over time, along with the increase in size of the staking pool. This will help ensure that the PUMLx token increases in value as more users join the ecosystem and stake PUMLx tokens for rewards. Of course, there are also various types of token utilities for the PUMLx token to help it remain valuable in the long run.

Ready to start earning profits from simply creating healthy habits like walking, meditating and improving your wellness? You can start investing today at Bybit Launchpad, where 7.2 million PUMLx tokens can be earned through committing BitDAO (BIT) tokens or participating in the USDT lottery after signing up on Bybit.

Are PUMLx Tokens a Good Investment?

The latest expansion of the PUML ecosystem to include PUMLx tokens is a winning strategy because it motivates people to chase a healthier lifestyle in a way that’s fun. Users can look forward to participating in challenges that incentivize long-term exercises, as well as joining a community of like-minded individuals with health and finance as goals. Moreover, fitness junkies have an effective platform to challenge their friends and/or loved ones in completing health and wellness activities, while investors will be satisfied with PUMLx’s utilities and value. 

What sets PUML apart from other M2E projects is its long-term goal of incentivizing healthful behaviors — not just physical health, but mental health as well. This is why PUML doesn’t simply motivate users to be active and take steps, but also to meditate regularly to improve their well-being. 

With this goal in mind, the PUML team will continue to innovate, inspiring its users to choose a healthier lifestyle. Additionally, the launch of its own metaverse game will offer users the chance to join in-game competitions. With so many thrilling concepts in its pipeline, there’s little doubt that PUML will continue to prosper in the months to come. Now is a great time for investors to get in early and earn daily rewards. 

The Bottom Line

PUML is unlike any other M2E platform out there, as it focuses more on the overall well-being of each individual, instead of just physical health. Furthermore, the PUML ecosystem’s PUMLx tokens seem to be a favorable long-term addition to any crypto portfolio. The project’s future looks promising, especially as its team continues to innovate more activities that give users the chance to earn.

PUML clearly has potential, and we’re excited to follow their evolving, innovative offerings.