Puffpaw Completes $6 Million Seed Round with Lemniscap Ventures as Participant

Odaily News Puffpaw announced the completion of a $6 million seed round of financing, with Lemniscap Ventures participating. The Puffpaw project plans to launch a blockchain-enabled e-cigarette that 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 is unclear about the issue of users possibly dishonestly reporting their smoking habits. (CoinDesk)