The Overview of Pundi X Ecosystem

Pundi X (New) is a complete end-to-end blockchain solution that connects multiple blockchain networks for the transaction of cryptocurrency beyond borders seamlessly. Pundi X platform allows cryptocurrencies to be used at retail Point of Sale (POS) with the help of a mobile app and contactless payment card. The XChange point of sale systems incorporated with Pundi X enables users to buy, sell, accept and spend digital coins at retail stores.

Audius Overview

Cryptocurrency Pundi X
Ticker Symbol PUNDIX
Price $0.4646
Price Change 24H -5.79%
Price Change 7D -1.68%
Market Cap $120,103,189
Circulating Supply 258,491,637.23 PUNDIX
Trading Volume $16,865,334
All-Time High $7.14
All-Time Low $0.3439
Pundi X ROI No Data

Pundi X’s blockchain solution ecosystem was developed in September 2017 and co-founded by Zac Cheah and Pit Huang. The Pundi-Pundi app is the QR payment system of the Pundi platform. Compared to the traditional currencies payment gateway, it provides payment with the help of products such as XPOS, XWallet, and XPASS. Pundi X (New) is considered a world leader in the cryptocurrency transactional industry.

XPOS offers a transaction speed which is less than 0.5 seconds. The transaction can be done with BTC, ETH, or PUNDIX. XPASS is a tap card by which you can top up with digital currencies. XPASS can be paired with the XWALLET for ease of use. The website has an option for users who have XPOS to register their location details so that they can easily find them out. The Function X framework powers Pundi X (New). With the Pundi X blockchain launch, XPOS unveiled increased connectivity across cross-chain and multi-chain networks. Shortly, they are planning to enhance the Pundi X chain governance, and in the future, it will support web assembly smart contracts.

The coin symbol of the Pundi platform is called the PUNDIX token. It is the new token of the platform after token deduction; NPXS was the previous native utility token of the platform, which was the token reward for transactions using XWALLET. XPOS is built on an ERC-20 utility token called NPXS. This NPXS Token is for transactions within the ecosystem and registering an app within the XPOS app store, payment through XPOS, listing tokens in XPOS, implementing loyalty programs, and adding.

Now users can swap 1000 NPXS for one Pundi X token, which is known as the Pundi X (New). The swap commenced on March 30, 2021. XPOS device reward token for the transaction. Developers who want to submit an app to the Pundi X (New) platform can do that with the Pundi X token. PUNDIX contract will burn these tokens. Pundi Ecosystem has a communication layer, prepaid PUNDIX account, token pool, and settlement system, which runs on the Ethereum blockchain. All the transaction details will be stored on the PUNDIX blockchain. Other than XPOS XWALLET, Pundi X supports other DeFi apps also.

Pundi X Partnerships

Pundi X is a unique business idea that changed the standard money concept of buying products. PUNDIX includes both hardware and software products. Pundi X is a valuable new addition to the blockchain industry and cryptocurrency market. Pundi X (New) has partnered with the world’s best brands and merchants to increase its service. PUNDIX has established its footprints in both the software and hardware market; it promotes and develops associations with both hardware partners in the retail industry and software partners in the virtual market.

American chamber of commerce Korea has supported Pundi X by introducing the system to its members. The partnership with Ebooc has provided methods to pay for government services using XPOS. NEM deal is decided to deploy 20000 XPOS running in NEM Blockchain. 1000 XPOS system is expected to deliver across Brazil with the partnership deals with BitCapital. Manticora Capital, a Colombian investment fund company, has distributed 1000 XPOS devices across the country’s retail shops.

Significant associations include AMCHAM, Singapore FinTech Association, Fintech Indonesia, Blockchain Collaborative Consortium, and Fintech Association of Hong Kong. Some of the other vital partnerships are

Blockchain Partnership: NEM, Binance, Stellar, Achain, Genero Network, Aditus, GCOX, UTRUST, Aucoin, Verge, Wanchain, Rupiah Token, and many more are a part of this partnership.

Payments Partnership: E2Pay.co.id, UBIVELOX, m-Bayar for ease of payment service.

Distribution Partnership: DoshEX, BIT2BIG, BLOCKVIBE, BTC King, Arrosocial, Evolution Technology Group, EquiBytes, ZPAYae.

Compliance and Risk Management: Onfido, MERKLE SCIENCE, REFINITIV, and VerifyVASP.

Other Partners: Trust Wallet, Blockchain Centre, Digital Bits, Ibank, MEW, and Samsung Developers.

Pundi X Roadmap

Historical data shows that, soon after PUNDIX was established in 2017, the initial coin offering began and was completed by June 2018. By the time 20% total supply of coins was sold, the total amount raised was around $30.5 MM. By Sep 2018, it had started penetrating the crypto markets and sold 5000+ XPOS units. The POS system was implemented at the Ultra Taiwan music festival, with more than 30,000 plus attendees accepting crypto payments for taking tickets. More than 15% of ICO funds have been used for different activities of companies such as marketing, development, team building, etc.

In the 2018 initial quarter, they began taking XPOS pre-orders, production of XPOS started in 2018, and it had shipped more than 100000 XPOS to over 25 countries. The established Pundi X London office delivered 300000 XPOS cards across the globe. Later by the mid of 2018, Tokyo and South America offices were also established.

By the year-end of 2018, the company implemented a swap of NPXS. The goals of the year were completed by launching XWALLET for its users. In 2019, it started the Xblockchain summit in the chain in the second quarter, and it expanded to South America. It introduced XWALLET and XPASS for charity donation by partnering with a charitable organization. The launch of Function X network and mainnet was also completed by the year.

Pundi X Technical Analysis

The short-term data and technical analysis of the Pundi X (New) coin show that the current price of Pundi X (New) is $0.4714, as of May 26, 2022 with a 24-hour trading volume of $17,254,558. It has a market cap of $121,844,875, and Pundi X has a circulating supply of 258,491,637.23.