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About Pundi X
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Founded in 2017
by Zac Cheah and Pitt Huang -
Headquarters in Singapore
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XPOS solution and devices shipped to over 25 markets
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Founders:
- Zac Cheah (CEO): former W3C Chair of the HTML5 Interest Group, skilled programmer with MS.c in Computing and M.Sc in cybersecurity
- Pitt Huang (CTO and COO): avid entrepreneur and investor, started coding at 10, founded and sold several companies
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Goal:</
About Pundi X
Pundi X is a blockchain-based platform that aims to make cryptocurrency accessible to everyone, everywhere.
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 pioneered the world’s first point-of-sale solution with a successful initial coin offering (ICO). Subsequently, Pundi X has successfully rolled out a suite of retail-focused services, including XPOS, XWallet, and XPASS, as well as the world’s inaugural blockchain-powered smartphone, BOB.
With its headquarters situated in Singapore, the company has successfully deployed its XPOS solution and devices to an impressive 25-plus markets worldwide, 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 currently holds the position of CEO at Pundi X. Prior to assuming this role, Zac formerly chaired the W3C’s HTML5 Interest Group. As a skilled programmer, Zac boasts an impressive educational background, having earned 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 Pundi X: A Trailblazer in the Cryptocurrency Realm
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 focuses on streamlining the transformation of 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 (NPXS) 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.
What Is the Circulating Supply of Pundi X (NPXS) Tokens?
Similar to the native tokens of other payment-focused cryptocurrency platforms, the overwhelming majority of Pundi X (NPXS) 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 NPXS tokens between March and September 2018, with a fixed exchange rate of one PXS token equivalent to 1,000 NPXS.
The current circulating supply of NPXS tokens stands at 235,514,908,115 tokens, with a maximum supply capped at 258,526,640,301 NPXS. Notably, a substantial 91 percent of the total NPXS tokens that will ever be in existence have already been issued. It is worth highlighting that NPXS 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, facilitating seamless buying, selling, and trading of Pundi X (NPXS). The current top exchanges for NPXS transactions are:
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, a renowned cryptocurrency exchange, and
DigiFinex: A Pioneering Digital Asset Exchange.
Alternatively, you can explore a comprehensive list of other options on our dedicated crypto exchanges page.
Associated Resources:
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Discover the art of safeguarding your cryptocurrency investments. Delve into the world of cryptocurrency with CMC Alexandria. Stay informed with the latest insights and updates on the CoinMarketCap blog.