What is Puff The Dragon?

Puff The Dragon is an ERC-20 memecoin token launched in March 2024, described as based around the mETH community. The project is presented as an interactive story onchain in which token holders can experience a six chapter journey and choose paths as the story progresses. Token interactions are described as taking place in Puff's Penthouse on methlab.xyz.

At genesis, 888,888,888 PUFF tokens were created, with no additional supply. The description states that 48.5% of the supply was unlocked at genesis and the remaining tokens were released over Chapters 2 through 6. The project is described as community led with various early contributors, without named founders or a specific governance model.