PuffPaw, an e-cigarette chain platform, completes $6 million seed round of financing, led by Lemniscap Ventures

BlockBeats news, on September 5, according to CoinDesk, the e-cigarette on-chain platform PuffPaw 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, which aims to help users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics aims to cover 30% of the user's first month of using its products and provide social rewards. The project also takes into account possible system abuse, but it is unclear about the problem that users may not report their smoking habits honestly.