PUFFCOIN
Puff
Puff
PUFFCOIN
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About Puff
Puff (PUFF) is a decentralised token on the Solana blockchain, launched on 27 November 2021 by the Stoned Ape Crew (SAC) as the primary token of the SAC NFT ecosystem. $PUFF rewards holders of Stoned and Nuked Ape NFTs through staking, offering daily returns that vary by NFT type and level. In addition to staking rewards, the token allows users to upgrade NFTs through "evolution" mechanics, enhancing NFT attributes and increasing staking returns. Expanding beyond the digital realm, $PUFF can be used to purchase products like CBD goods and apparel via the SAC Online Store, with plans to broaden its usage to dispensaries and lifestyle partners. Partnerships with cannabis sector businesses aim to make $PUFF a standard payment option in this industry, while deflationary mechanisms such as staking rewards and token burns support its value within the ecosystem and encourage community engagement.
Puff (PUFF) is a decentralised, community-focused cryptocurrency functioning as an SPL (Solana Program Library) token on the Solana blockchain. Initially launched on 27 November 2021, alongside the Stoned Ape Crew (SAC) NFT collection, $PUFF serves as the primary ecosystem token for SAC, rewarding holders and providing utility within the Stoned Ape metaverse and beyond. It employs game theory-inspired deflationary mechanics, such as burn events, staking rewards, and tiered NFT-based incentives to manage its circulating supply and incentivise participation.
$PUFF is the primary utility token of the SAC ecosystem, offering various functions from staking rewards for SAC NFTs to in-app purchases and token-based upgrades. Users can earn $PUFF by staking SAC NFTs, including Stoned and Nuked Apes, and the daily rewards vary based on NFT tier and "awakening" status. NFT holders can use $PUFF to participate in "evolution" activities, which allow for NFT upgrades, aesthetic enhancements, and increased staking rewards.
Expanding beyond digital utility, $PUFF is also positioned as a payment option within the cannabis and lifestyle industries. Holders can use $PUFF to purchase goods such as CBD products and apparel via the SAC Online Store, with partnerships established to integrate $PUFF as a payment method with selected dispensaries and lifestyle businesses. Additionally, $PUFF supports token-burning mechanisms to reduce supply and maintain value as the ecosystem grows.
Puff (PUFF) was developed by the Stoned Ape Crew (SAC), the team behind the SAC NFT collection and ecosystem. The SAC team leverages community involvement and decentralised finance principles to build utility and expand $PUFF’s reach.
Although 'PUFF' was the ticker assigned at the deployment of the Puff Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'PUFFCOIN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
