Pundi X is the world's largest decentralized offline cryptocurrency sales network that helps facilitate buying goods for digital currency. The project offers blockchain-based point-of-sale solutions to commercialize cryptocurrencies and ensure they can be used as a payment method.
NPXS, the protocol's token, is an ERC-20 token on the Ethereum blockchain.
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Read on to learn everything you need to know about the Pundi X protocol and the NPXS token.
What Is Pundi X
Pundi X is a blockchain platform that aims to commercialize the use of cryptocurrencies and find real-life implementation and mainstream use with its blockchain-related point of sale solution. It utilizes an XPOS solution and distributes smart point-of-sale devices to retail merchants so they can accept payment in the form of NPXS, the network's proprietary crypto token. Its solution works seamlessly across major platforms such as Amazon and Google.
Pundi X is a leading developer of blockchain-based devices, including a contactless smart card, the XPASS, and a mobile application, called XWallet.
These components are powered by the Pundi X Network and its architecture. Every device connects to the Ethereum blockchain via XPlugins.
Moreover, Pundi X has created two world's first blockchain-based devices - XPOS and BOBs. XPOS is a leading blockchain-based point of sale solution that enables merchants and customers to buy, sell, and transact in digital currency easily. In addition to digital currency and fiat transactions, the XPOS can also support marketing and loyalty programs. The Blok On Blok (BOB) phone is powered by Function X, enabling the use of blockchain to browse, text, and call on the phone without going through a centralized service provider.
Pundi X is also developing the open-source, scalable, secure, and fully decentralized Function X ecosystem aiming to allow users to control and own their data.
NPXS token is the ecosystem's utility token and powers the network while supporting its economy. PUNDIX tokens can be traded in the cryptocurrency market and staked in return for rewards.
Pundi X Founders
Pundi X was founded and launched in 2017 by Zac Cheah, Danny Lim, and Pitt Huang in Jakarta.
The team and their company first offered a QR-based payment method known as the Pundi-Pundi app.
Zac Cheah is the CEO of Pundi X. He is also the former chair of the HTML5 Interest Group.
Pitt Huang is the COO of Pundi X. He is a passionate businessperson and investor. At the age of 25, he founded his first company, later acquired by Baizhu.
How Does PUNDIX Work
Pundi X was designed to enable crypto-based payments and mainstream use of cryptocurrencies. In so doing, Pundi X uses its technical capacity and several components, one of which is the native cryptocurrency of the platform, PUNDIX.
Pundi X has three main components: the mobile wallet XWallet, the smart card XPASS, and the Pundi X Platform. Pundi X Platform acts as an integration panel where merchants can connect to POS terminals and enable crypto-based payments.
The mobile application and contactless smart card technology are combined to enable crypto-based payments through retail POS devices. XPOS is a digital asset payment system that allows consumers and retailers to buy and sell digital assets in physical stores effortlessly. It accepts all major cryptocurrencies.
The XWallet is a mobile app that enables users to store their digital assets and make smooth transactions. It works seamlessly with the Pundi X payment ecosystem. The ecosystem is compatible with all major cryptocurrencies and is powered by XPASS.
Pundi X launched the Open platform in June 2019. It allows developers and companies to list their custom ERC20 digital tokens on XPOS, XWallet, and XPASS. It also allows you to create customized XPASS cards within the ecosystem.
Every Pundi X point of sale device is connected to the Ethereum and NEM blockchain through XPlugins. That allows developers to connect their physical outlets to the platform.
Since Pundi X devices are connected to the web, they can be updated remotely. An update can introduce new features, schedule a new sale, or arrange a cryptocurrency transaction.
Unlike other decentralized platforms, Pundi X's native tokens are issued. That means that most of the users' transactions are conducted through their brokerage accounts.
Pundi X advertising platform is an online marketing platform that enables advertisers to place their advertisements. The platform is also used to place consumer ads on Pundi XPASS cards.
Where Can You Buy PUNDIX
Previously known as NPXS token, PUNDIX can be traded on many of the leading cryptocurrency platforms. Below are the top exchanges that support PUNDIX :
- Binance
- Huobi Global
- Bithumb
- Upbit
- HitBTC
- VCC Exchange
- DigiFinex.
