Pundi X [OLD] (NPXS)
Pundi X is a cryptocurrency project with the ambitious aim of simplifying the use of digital assets in everyday transactions, akin to how credit cards are used today. At its core, the project intends to address one of the most significant challenges in the cryptocurrency landscape: facilitating seamless purchases using digital currencies. Through the development and distribution of Point-of-Sale (POS) devices, Pundi X seeks to enable retailers to accept payments in its native cryptocurrency, NPXS, thereby promoting the widespread adoption of crypto payments.
The vision and goals of Pundi X
Simplifying cryptocurrency transactions
The primary goal of Pundi X is to make cryptocurrency transactions as straightforward and convenient as traditional payment methods. The project envisions a world where cryptocurrencies can be used effortlessly for everyday purchases, thus bridging the gap between digital assets and practical utility. By deploying POS devices that support NPXS and other cryptocurrencies, Pundi X aims to create an ecosystem where digital payments are not only possible but also efficient and accessible.
| Ticker | NPXS |
| Category | Ethereum Ecosystem |
| Website | https://pundix.com |
| @PundiXLabs | |
| Telegram | pundix |
| https://www.reddit.com/r/PundiX/ | |
| Contract Addresses | |
|---|---|
| ethereum | 0xa1...b3 Copied! |
| energi | 0x1b...0dCopied! |
Providing banking services to underdeveloped regions
Pundi X's vision extends beyond convenience, as it also seeks to provide essential banking services to underdeveloped regions such as Latin America and Indonesia. In areas where traditional banking infrastructure is lacking, Pundi X's technology could offer a viable alternative by enabling digital transactions and financial inclusion. By lowering transaction fees and offering free POS devices to retailers, Pundi X aims to create a cost-effective solution that can thrive in these markets.
Technology and implementation
Ethereum-based point-of-sale devices
Pundi X's technological backbone is built on the Ethereum blockchain, leveraging its capabilities to develop innovative POS devices. These devices are designed to accept NPXS tokens and other cryptocurrencies, providing retailers with a versatile payment solution. By integrating blockchain technology, Pundi X ensures the security, transparency, and reliability of each transaction, fostering trust among users and merchants.
The XPASS card and mobile applications
To further enhance usability, Pundi X is developing the XPASS card, a physical card that works in conjunction with the Pundi X mobile app and wallet. This integration allows users to make payments and deposits using a familiar medium while accessing the digital wallet's functionalities. The mobile app provides real-time cryptocurrency market prices, enabling users to choose the most advantageous cryptocurrency for their purchases. This seamless integration of card and app facilitates everyday use of cryptocurrencies.
Milestones and achievements
Initial coin offering (ICO) success
Pundi X successfully raised $35 million during its Initial Coin Offering (ICO) held from September 2017 to January 21, 2018. The ICO saw the sale of 35,000,000,000 NPXS tokens, initially known as PXS, during the presale and crowd sale events. The funds raised have been instrumental in advancing the project's development and marketing efforts.
Deployment of POS devices
A significant milestone for Pundi X was the distribution of the first 500 POS devices, demonstrating the project's progress and commitment to its vision. These devices represent a tangible step towards achieving widespread adoption of cryptocurrency payments, showcasing the potential of Pundi X's technology in real-world applications.
The team behind Pundi X
Leadership and expertise
The Pundi X team comprises a diverse group of technologists and entrepreneurs, each bringing valuable expertise to the project. CEO and founder Zac Cheah, with his background as an HTML games developer, leads the team alongside President Constantin Papadimitriou, a seasoned fintech entrepreneur. The team's technical operations are overseen by CTO/COO Pitt Huang, who has a track record of successfully founding and scaling businesses.
A focus on growth and innovation
The leadership team at Pundi X is driven by a shared commitment to innovation and growth. With their combined experience in technology and entrepreneurship, the team is well-equipped to navigate the challenges of developing and deploying a global cryptocurrency payment solution. Their strategic vision and dedication position Pundi X as a pioneering force in the evolving landscape of digital payments.