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About Pundi X (New)
Key Points:
- Pundi X is a blockchain-powered device developer aiming to transform retail businesses with its blockchain-based point of sale solution.
- Founded in 2017, launched ICO in January 2018, and has shipped XPOS solution and devices to over 25 markets.
- Founders: Zac Cheah (CEO) and Pitt Huang (CTO & COO).
- Pundi X’s goal is to make cryptocurrency available to everyone by simplifying retail businesses.
- XPOS is the world’s first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies.
- XWallet mobile app bridges regular digital asset wallets and the Pundi X payment ecosystem.
Introducing Pundi X: Revolutionizing Blockchain-Based Payments
Introducing Pundi X (NPXS): A Revolutionary Blockchain-Based Point-of-Sale Solution
Pundi X is a pioneering force in the development of blockchain-enabled devices, driven by a vision to revolutionize the retail landscape through its innovative, blockchain-based point of sale solution. This cutting-edge technology empowers retail merchants and consumers to facilitate seamless, instantaneous in-store transactions on its blockchain network.
In 2017, the blockchain solution was established, and in January 2018, it made history by launching the world’s inaugural point-of-sale solution through an initial coin offering (ICO). Following the ICO’s success, Pundi X has gone on to successfully roll out a suite of retail-focused services, including XPOS, XWallet, and XPASS, as well as the groundbreaking blockchain-powered smartphone, BOB.
With its headquarters situated in Singapore, the company has successfully deployed its XPOS solution and devices to more than 25 markets globally, including the United States, Spain, Argentina, Korea, Australia, Colombia, and Taiwan.
The Visionary Founders Behind Pundi X
The Pundi X project was co-founded in 2017 by Zac Cheah and Pitt Huang, who initially crossed paths in an HTML5 Interest Group in 2012. The duo’s pioneering vision was to seamlessly integrate cryptocurrencies into the daily lives of people everywhere.
Zac Cheah presently helms Pundi X as its CEO. Prior to assuming this role, Zac chaired the W3C’s HTML5 Interest Group. A skilled programmer, Zac holds an MSc in Computing from the esteemed KTH Royal Institute of Technology in Sweden, as well as an MSc in Cybersecurity from the Norwegian University of Science and Technology in Norway.
Pitt Huang presently holds the dual role of Chief Technical Officer and Chief Operating Officer at Pundi X. Notably, Pitt’s fascination with coding began at the tender age of 10, and by the time he was in high school, he was already creating complex space games.
Notably, he is a seasoned entrepreneur and investor. By the age of 25, he had successfully founded and divested his inaugural Groupon-esque venture to Baizhu in 2008. His impressive entrepreneurial portfolio boasts multiple startups, including a 200-person company, which he has skillfully established and exited.
Unveiling the Unparalleled Advantages of Pundi X
The Pundi X project is driven by a singular goal: to democratize access to cryptocurrency, making it universally available. Unlike other initiatives that seek to supplant traditional banking systems, Pundi X takes a more pragmatic approach, focusing on simplifying the process of integrating cryptocurrency into retail businesses, thereby facilitating widespread adoption.
Pundi X has pioneered a comprehensive blockchain payment ecosystem, comprising the XPOS, XPASS, and the virtual XWallet. Notably, the XPOS is the world’s inaugural blockchain-powered wireless point-of-sale (POS) solution, specifically designed to facilitate seamless cryptocurrency transactions.
Through the XPOS, retail merchants and consumers alike can seamlessly buy, sell, and transact with digital assets in physical stores. This innovative product is engineered to accommodate every cryptocurrency, with popular digital assets such as Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX) already integrated within the ecosystem.
The XWallet mobile app serves as a seamless conduit between conventional digital asset wallets and the Pundi X payment ecosystem. Through this intuitive platform, users can effortlessly manage their digital assets, execute transfers, monitor balances, and replenish their supported cryptocurrencies within the XWallet. Furthermore, every registered XWallet user is issued a virtual XPASS card.
In June 2019, Pundi X unveiled the Open Platform, thereby extending support to a multitude of blockchains. This strategic move has since attracted a plethora of DeFi developers and projects, who have successfully registered and uploaded their ERC20 tokens to the Pundi X ecosystem, thereby significantly augmenting its utility.
The Circulating Supply of Pundi X (PUNDIX) Tokens: An Overview
Similar to the native tokens of other payment-focused cryptocurrency platforms, the overwhelming majority of Pundi X (PUNDIX) tokens have been issued. This approach is also adopted by other brokerage services, including Binance (BNB), Voyager Token (VGX), and Troy (TROY).
Pundi X initially debuted with the PXS and PXSXEM tokens, which were subsequently swapped for the PUNDIX tokens between March and September 2018, with a conversion rate of one PXS token equivalent to 1,000 PUNDIX tokens.
The current circulating supply of PUNDIX tokens stands at 235,514,908,115 tokens, with a maximum supply capped at 258,526,640,301 PUNDIX. Notably, a substantial 91 percent of the total PUNDIX tokens that will ever exist have already been issued. It is worth highlighting that PUNDIX tokens are non-minable, instead being distributed on a weekly basis as staking rewards.
Where to Acquire Pundi X (NPXS): A Comprehensive Guide
Pundi X is listed on numerous prominent cryptocurrency exchanges. The foremost platforms for acquiring, divesting, and trading Pundi X (PUNDIX) are presently:
The esteemed cryptocurrency exchange, Binance.
Upbit, a prominent cryptocurrency exchange,
Bithumb, a prominent cryptocurrency exchange,
Huobi Global, a Pioneering Cryptocurrency Exchange
VCC Exchange: A Pioneering Cryptocurrency Trading Platform
HitBTC, as well as
DigiFinex: A Pioneering Digital Asset Exchange.
Alternatively, you can explore a comprehensive list of other options on our dedicated crypto exchanges page.
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