MarketCrypto Market

Pundi X (PUNDIX) Things You Need To Know before Investing

What Is Pundi X (PUNDIX)?

Pundi X is a well-known manufacturer of blockchain-based gadgets that aims to revolutionise the retail industry with its blockchain-based point of sale system. The solution’s blockchain enables rapid in-store transactions between retail customers and merchants.

The first point-of-sale solution on the planet, the blockchain solution was developed in 2017 and launched its initial coin offering (ICO) in January 2018. Pundi X successfully introduced retail-focused services like XPOS, XWallet, and XPASS after a successful initial coin offering (ICO), in addition to the first blockchain phone in the world, called BOB.

The Singapore-based company has distributed its XPOS technology and hardware to over 25 regions, including the US, Spain, Argentina, Korea, Australia, Colombia, Spain, and Taiwan.

Also Read: MXC Things You Need o Know Before Investing

Who Are the Founders of Pundi X?

Zac Cheah and Pitt Huang founded the PundiX project in 2017. The two met in an HTML5 Interest Group in 2012, and their only inspiration for starting the business was a way to integrate cryptocurrency into everyone’s daily life.

At the moment, Zac Cheah leads Pundi X as CEO. Zac formerly served as the W3C Chair of the HTML5 Interest Group before joining PundiX. Zac is a talented programmer who earned his MS.c in computing from the Norwegian University of Science and Technology and his M.Sc in cybersecurity from the KTH Royal Institute of Technology in Sweden.

Pitt Huang, who started coding at the age of 10, is currently the chief technical and operations officer of Pundi X. He was already creating space games in high school.

He enjoys investing and starting businesses. He developed and sold his first business like to Groupon to Baizhu in 2008 when he was 25 years old. He has founded and sold a number of other enterprises, including one with 200 employees.

Also Read: Casper (CSPR) Things You Need To Know before Investing

What Makes Pundi X Unique?

The Pundi X initiative seeks to open up cryptocurrencies to all users. While other initiatives of a similar nature try to surpass the banking sector, PundiX focuses on streamlining and modernising retail operations to achieve this.

With the XPOS, XPASS, and virtual XWallet, Pundi X has developed a blockchain payment ecosystem. The XPOS is the first wireless point-of-sale (POS) for cryptocurrencies driven by a blockchain.

Retail merchants and customers can easily buy, sell, and transact in physical stores utilising digital assets thanks to the XPOS. Every cryptocurrency is accepted by the product. The ecosystem includes listings for well-known digital assets like Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX).

The PundiX payment ecosystem and the common digital asset wallets are connected by the XWallet mobile app. Users may simply manage their digital assets with the help of the XWallet by making transfers, checking balances, and topping up the supported cryptos. Every XWallet user who has registered receives a virtual XPASS card.

To support new blockchains, PundiX introduced the Open Platform in June 2019. Since then, the Pundi X ecosystem has seen an increase in usage as DeFi developers and projects have registered and uploaded their ERC20 tokens.

Also Read: Binance will convert your currency automatically

How Many Pundi X (PUNDIX) Tokens Are There in Circulation?

The vast majority of Pundi X (PUNDIX) tokens have already been issued, just like the native tokens of other cryptocurrency platforms focused on payments. Other brokerage services that adopt this strategy include Troy, Voyager Token, and Binance (BNB, VGX) (TROY).

The PUNDIX tokens were substituted for the PXS and PXSXEM tokens between March and September 2018 when PundiX initially launched with those coins. One PXS token was exchanged for 1,000 PUNDIX in this swap.

The maximum quantity of PUNDIX tokens is 258,526,640,301, with a current circulating supply of 235,514,908,115 tokens. Currently, 91 percent of all PUNDIX tokens ever created have been distributed. The PUNDIX tokens are issued each week as staking incentives; they are not mineable.

Where Can You Buy the Pundi X (PUNDIX)?

Pundi X is available on several of the top cryptocurrency exchanges. The best exchanges right now for purchasing, selling, and trading Pundi X (PUNDIX) are.

Also Read: DAO Maker (DAO) Things You Need To Know Before Investing

Related Articles

Back to top button