News - Quit smoking thanks to: Vape-to-earn
The project with the somewhat contradictory name "Vape to quit smoking & earn" aims to get users to quit smoking through blockchain technology and financial rewards.
It is common knowledge that quitting smoking is a challenge. Although numerous tips and tricks exist, many people fail to quit. An innovative blockchain project called Puffpaw will soon offer a new method to get rid of nicotine addiction. Using specially designed vapes that record users' smoking habits via blockchain, the project aims to tackle nicotine addiction. As a reward, users will receive tokens.
Here's how it works: users can take a limited number of daily pulls from their special blockchain vapes. To reward the reduction in nicotine, users receive tokens thanks to using cartridges with lower nicotine content. They can then use these tokens to buy new cartridges from Puffpaw. There are also social bonuses, such as exchanging vapes with other users. The goal is to create a self-sustaining ecosystem of smokers who help each other get off nicotine. Let's just say it's a creative concept....
Shaishav Todi, General Partner at Lemniscap, also sees the project as an investment in decentralized physical infrastructure, better known as DePIN, one of the hot topics in the industry. "By building on the intersection of culture, crypto and health, Puffpaw makes DePIN accessible and practical, with great potential for mass use, especially given the increasing demand for health-conscious vaping solutions," Todi said in an e-mail statement.
Using token rewards to support a healthier lifestyle is not new in the crypto world. Reffo Tse, head of Puffpaw, compared his project to STEPN, a Move-to-Earn app on the Solana network where you can earn tokens by walking or running. Sweatcoin also takes a similar approach.
Puffpaw is one of many projects being built on the soon-to-be-launched Berachain. The vaping project received an initial capital of six million dollars, led by Lemniscap Ventures. Other investors include The Spartan Group, Hypersphere Ventures and Volt Capital. Also mentioned as a partner on the project's website is Data Storage Blockchain Arweave.
But what about the financial aspect of these blockchain vapes? In an interview, Tse explained that the token economics model is designed to cover 30 percent of the cost of the devices in the first month of use. According to Tse, the project also takes into account potential abuses, such as using multiple Puffpaw vapes to "farm" additional tokens. Exactly how this is prevented, however, remains unclear. In addition, users can hide their real smoking habits by using a traditional vape in addition to the blockchain vape. The project has not yet taken a position on this. Whether the model can withstand these potential abuses and actually help people reduce their nicotine use remains to be seen.