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What is Pundi X (New) (PUNDIX)?
Pundi X (New) basic info
What Is Pundi X (PUNDIX)?
Pundi X is revolutionizing the retail industry with their cutting-edge blockchain-powered devices. Their point of sale solution is based on blockchain technology, enabling retail merchants and consumers to execute lightning-fast in-store transactions.
What Makes Pundi X Unique?
Pundi X aims to bring the world of cryptocurrency to everyone by simplifying retail businesses. Rather than trying to outperform the banking system, they have created a blockchain payment system with the XPOS, XPASS, and virtual XWallet. The XPOS is the first blockchain-powered wireless point-of-sale that allows for easy buying, selling, and transacting of digital assets in physical stores, accepting every cryptocurrency. The XWallet acts as a bridge between regular digital asset wallets and the Pundi X payment ecosystem, allowing users to manage their digital assets, make transfers, check balances, and top-up supported cryptos. The virtual XPASS card is issued to every registered XWallet user. Pundi X launched the Open Platform in June 2019 to support more blockchains, which has encouraged DeFi developers and projects to register and upload their ERC20 tokens to the Pundi X ecosystem, increasing its use.
How Do Network Consensus and Validation Work on Pundi X?
Pundi X utilizes the PoS consensus mechanism and is secured by the Chainlink blockchain.
What's The Main Goal Of Pundi X?
Their aim is to create demand for both established and emerging cryptocurrencies, catering to a wide range of users. Pundi X's unique focus on the consumer market sets them apart from other online cryptocurrency exchanges, allowing them to attract a large number of new users to the world of digital currencies.
When was Pundi X founded?
Pundi X was established in 2017 and introduced the world's first point-of-sale solution during its ICO launch in January 2018. After a prosperous ICO, Pundi X has launched retail-targeted services such as XPOS, XWallet, and XPASS, as well as the first-ever blockchain phone, BOB.
Who Are the Founders of Pundi X?
Zac Cheah and Pitt Huang founded the Pundi X project in 2017. They first met in an HTML5 Interest Group in 2012, where they got the idea to integrate cryptocurrencies into the daily lives of people, which led to the creation of their startup.
PUNDIX supply and tokenomics
Uniqueness
The goal of the Pundi X project is to make cryptocurrency available to everyone. While other similar projects attempt to outperform the banking system, Pundi X looks to simplify transforming retail businesses to make this happen.
Pundi X has created a blockchain payment ecosystem with the XPOS, XPASS and the virtual XWallet. The XPOS is the world's first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies.
Using the XPOS, retail merchants, as well as consumers, can easily buy, sell and transact using digital assets in physical stores. The product is designed to accept every cryptocurrency. Popular digital assets like Bitcoin (BTC), Ethereum (ETH) and Pundi X (PUNDIX) are listed within the ecosystem.
The XWallet mobile app is the bridge between the regular digital asset wallets and the Pundi X payment ecosystem. Users can use the XWallet to easily manage their digital assets, make transfers, check balances, and top-up the supported cryptos in the XWallet. The virtual XPASS card is issued to every registered XWallet user.
In June 2019, Pundi X launched the Open Platform to support more blockchains. Since then, DeFi developers and projects have registered and uploaded their ERC20 tokens to the Pundi X ecosystem, increasing its use.
Token utility
Pundi X ($PUNDIX) is a decentralized cryptocurrency sales network that allows users to pay with cryptocurrencies for various products with their PoS device and mobile app.
Pundi X consists of:
- Pundi X Mobile App - a smartphone app used to swap cryptocurrencies or spend them on other products
- PundiX Card – this will be the physical multi-currency wallet for fiat and cryptocurrencies available for purchase and sale via the PundiX platform. The PundiX card also facilitates payments via cryptocurrencies held in the card through NFC and contactless technology.
- Pundi X Platform - a reference implementation stack including software and hardware that performs the full Point of Sale (POS) device function. Their reference implementation hardware is already in deployment in convenience stores and retailers, and Pundi X plans to further distribute the platform through open source licensing and distribution of the SDKS and open APIs.
$PUNDIX is the token used for Pundi X. Holders use $PUNDIX as gas to fuel transactions in the Pundi X ecosystem. For example, people who want to use the Pundi X sales network will have to buy $PUNDIX.
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What is the development prospect and future value of PUNDIX?
The market value of PUNDIX currently stands at $121.79M, and its market ranking is #371. The value of PUNDIX is not widely recognized by the market. When the bull market comes, the market value of PUNDIX may have great growth potential.
As a new type of currency with innovative technology and unique use cases, PUNDIX has broad market potential and significant room for development. The distinctiveness and appeal of PUNDIX may attract the interest of specific groups, thereby driving up its market value.
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