Pundi X

Pundi X (PUNDIX) is a cryptocurrency that powers a blockchain-based point of sale (POS) solution aimed at making it easier for retailers and consumers to buy, sell, and accept digital currencies. The Pundi X ecosystem includes the XPOS device, which allows for instant crypto transactions, supports multiple digital currencies and offers a seamless way for customers to top up digital currencies. The ecosystem also includes a mobile app, a rewards system, and a card for frictionless transactions. Pundi X aims to bring cryptocurrency to mainstream retail, making it as easy to use as fiat currency in everyday transactions.

• Original Token:

• Launched as PXS and later rebranded to NPXS.

• Redenomination:

• Community supported a proposal to redenominate NPXS to PUNDIX in February 2021.

• Token Swap:

• Initiated a token swap at a ratio of 1,000 NPXS for 1 PUNDIX.

• Total Supply Reduction:

• Total supply reduced from 258 billion NPXS to 258 million PUNDIX following rebranding.

• Circulating Supply

• : All PUNDIX coins have been released into the circulating supply.

• Fixed Supply:

• The PUNDIX supply is fixed and cannot be minted.

• Token Swap Support:

• The platform supported the token swap for an entire year until March 31, 2022.

• Burning Mechanism:

• Post-swap, NPXS tokens will be removed from circulation through a quarterly burning mechanism.

• Transaction Fees:

• PXS (now PUNDIX) is used to pay transaction fees within the Pundi X ecosystem.

• Discounts for Holders:

• Token holders receive discounts when shopping at outlets supporting Pundi X payments, with varying benefits based on card status (Black, Diamond, Platinum, Gold).

As of today #{today’s date}, the price of Pundi X is ₹40.25 INR or 0.46 USD, with a 24-hour trading volume of 6942282.19 USD. The market capitalization for Pundi X is 118842563.63USD. The circulating supply is 258491637.23 Pundi X, with the total supply also being 258491637.23 Pundi X.

Pros:

• Retail Integration:

• Pundi X strongly focuses on integrating cryptocurrencies into retail through its XPOS devices, making it practical for everyday use.

• Instant Transactions:

• Transactions on the XPOS happen instantly, which is crucial for retail environments where speed is essential.

• Rewards System:

• The PUNDIX ecosystem includes a rewards system that incentivizes both customers and retailers to use the platform.

• Cross-Chain Support:

• The XPOS supports multiple digital currencies, making it versatile for different user preferences.

• Stable Coin Settlement:

• Merchants can receive settlements in stable currency to avoid volatility risks.

Cons:

• Market Penetration:

• Widespread adoption is challenging in the competitive payment processing market.

• Regulatory Risks:

• As with all crypto-related businesses, regulatory changes could impact Pundi X’s operations.

• Token Utility:

• The utility of PUNDIX tokens is largely tied to the success of the XPOS ecosystem.

• Volatility:

• Cryptocurrency prices are volatile, which can affect both merchants and consumers.

• Technical Barriers:

• Some users may find it challenging to transition from traditional payment methods to blockchain-based solutions.

• Innovative POS Solution:

• Pundi X offers a unique POS solution that could revolutionize the way digital currencies are used in retail.

• Growing Ecosystem:

• The Pundi X ecosystem is expanding with new applications and services, potentially increasing the demand for PUNDIX tokens.

• Rewards and Incentives:

• The rewards system could drive user engagement and increase transaction volumes on the network.

• Strategic Partnerships:

• Pundi X has formed partnerships with established POS terminal providers, which could facilitate wider adoption.

• Potential for Appreciation:

• If Pundi X succeeds in its mission, the value of PUNDIX tokens could appreciate significantly.

• Retail-Focused Blockchain Solution:

• Pundi X is one of the few projects that specifically targets the retail market with a blockchain-based POS system.

• Instantaneous Transactions:

• The sub-second transaction time of the XPOS system is a significant advantage in retail settings.

• Ecosystem Synergy:

• The integration of a rewards system, mobile app, and payment card creates a comprehensive ecosystem for users.

Pundi X addresses the problem of cryptocurrency adoption in the retail sector by providing a user-friendly POS system that facilitates the buying, selling, and acceptance of digital currencies in physical stores.

Pundi X is co-founded by Zac Cheah (CEO), Pitt Huang (CTO/COO), and Danny Lim (Senior Advisor).

• ICO Price:

• The ICO price of Pundi X (NPXS) was $0.000027.

• Acceptance of ETH:

• Pundi X ICO accepted Ethereum (ETH) as a form of payment.

• Exchange Rate:

• The ICO had a set ratio of 1 ETH to 500 PXS tokens.

• Pre-ICO Registration:

• Potential investors could pre-register on the Pundi X website to receive additional benefits based on the pledged amount.

• Token Allocation:

• If the ICO did not generate sales of 35,000,000 PXS tokens, the company reserved the right to conduct a second ICO with the remaining tokens at a higher price.

• Hard Cap:

• The ICO hard cap was set at 35 million US dollars, with the target remaining the same regardless of cryptocurrency price fluctuations.

• Adoption Risk:

• The success of PUNDIX is heavily dependent on the adoption of its XPOS system by retailers and consumers.

• Competition:

• Pundi X faces competition from other payment systems and cryptocurrencies.

• Regulatory Uncertainty:

• Changes in regulations could negatively impact the use and acceptance of PUNDIX.

• Technological Risks:

• Any technical issues with the XPOS system could undermine trust in Pundi X.

• Market Volatility:

• The cryptocurrency market is known for its volatility, which can lead to significant price fluctuations of PUNDIX.

The whitepaper begins by acknowledging the success of Bitcoin and its predecessors, highlighting the importance of real implementation, open governance, and incentivization for the adoption of cryptocurrencies. However, it also identifies the main problems hindering Bitcoin’s mainstream adoption: complexity and lack of relevance to everyday transactions. Pundi X proposes a solution to these issues by enabling the use of cryptocurrencies in retail POS through a mobile app and a contactless payment card.

Vision and Mission

Pundi X’s vision is to generate demand for cryptocurrencies by making them accessible to the consumer market. The mission is to bring cryptocurrency to the next billion users, thereby increasing the value of cryptocurrency for all users.

Problem

The complexity of managing private and public keys and the irrelevance of cryptocurrencies for everyday purchases are the two main problems Pundi X addresses. The whitepaper discusses the challenges of making cryptocurrencies user-friendly and relevant for the average person.

Solution

Pundi X’s solution is a multi-layered approach that includes a mobile wallet, a contactless smart card, and the Pundi X Platform. The mobile wallet simplifies the management of keys, while the smart card allows for easy transactions without the need for a smartphone app. The Pundi X Platform integrates with existing POS devices, enabling merchants to accept cryptocurrency payments and sell cryptocurrencies alongside everyday goods and services.

Pundi X Mobile App and Card

The Pundi X Mobile App and Pundi X Card are essential components of the ecosystem, providing a user-friendly interface for managing and spending cryptocurrencies.

Pundi X Platform and Blockchain

The Pundi X Platform is a full-stack implementation that includes hardware and software, allowing merchants to connect their existing POS devices to the Pundi X network. The Pundi X Blockchain underpins the entire ecosystem, ensuring secure and transparent transactions.

Progress to Date and Roadmap

The whitepaper outlines the progress Pundi X has made to date and presents a roadmap for future development. The goal is to deploy 100,000 devices in three years, focusing initially on Southeast Asia before expanding globally.

Token Release and Compliance

Pundi X has a 3-year token release program for its PXS tokens, which are integral to the ecosystem. The whitepaper also discusses legal and policy compliance, ensuring that Pundi X operates within the regulatory frameworks of different jurisdictions.

Jurisdiction Risks and Risks & Indemnity

The whitepaper addresses jurisdiction risks in countries like Indonesia, Malaysia, and Thailand and outlines the anti-money laundering (AML) and countering the financing of terrorism (CFT) measures in place. It also includes a statement on the speculative nature of the project and the obligations of purchasers.

Conclusion

Pundi X presents a comprehensive solution to the problems of complexity and relevance that hinder the widespread adoption of cryptocurrencies. By simplifying transactions and integrating cryptocurrencies into everyday retail, Pundi X seeks to onboard the following billion users into the crypto-economy. The whitepaper details the technical and strategic aspects of the project, emphasizing the importance of real-world implementation, open governance, and incentivization to achieve its ambitious goals. With a clear roadmap and a focus on compliance, Pundi X is poised to significantly impact the cryptocurrency landscape.