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Information about "Pundi X (New)"
What Exactly Is Pundi X (PUNDIX)?
Pundi X stands out as a prominent creator of blockchain-enhanced devices, focused on revolutionizing retail enterprises with its blockchain-driven point-of-sale solution. This innovation enables store owners and customers to process instant transactions right in the store using its blockchain.
Established in 2017, Pundi X introduced its ICO in January 2018, marking the world's inaugural point-of-sale solution on blockchain. After a successful ICO, the company rolled out several retail-centric services, including XPOS, XWallet, and XPASS, along with BOB, the first blockchain phone globally.
Headquartered in Singapore, Pundi X has distributed its XPOS solution and hardware to over 25 regions, including countries like the United States, Spain, Argentina, Korea, Australia, Colombia, and Taiwan.
Established in 2017, Pundi X introduced its ICO in January 2018, marking the world's inaugural point-of-sale solution on blockchain. After a successful ICO, the company rolled out several retail-centric services, including XPOS, XWallet, and XPASS, along with BOB, the first blockchain phone globally.
Headquartered in Singapore, Pundi X has distributed its XPOS solution and hardware to over 25 regions, including countries like the United States, Spain, Argentina, Korea, Australia, Colombia, and Taiwan.
Who Founded Pundi X?
The inception of the Pundi X project in 2017 is credited to Zac Cheah and Pitt Huang. Their collaboration began when they met at an HTML5 Interest Group meeting in 2012, motivated by the idea of integrating cryptocurrencies into everyday life.
Zac Cheah is currently the CEO of Pundi X. Before joining the company, he served as the W3C Chair of the HTML5 Interest Group. Zac, an adept programmer, earned his Master's degree in Computing from the KTH Royal Institute of Technology in Sweden and also holds a Master’s in cybersecurity from the Norwegian University of Science and Technology.
Pitt Huang serves as both the chief technical officer and chief operating officer for Pundi X. He started coding at the age of 10 and was already creating space-themed games during his high school years.
In addition to his technical skills, Pitt is a passionate entrepreneur and investor. By the time he was 25, he had established and sold his first Groupon-like enterprise to Baizhu in 2008. He has founded and sold several other ventures, including one with 200 employees.
Zac Cheah is currently the CEO of Pundi X. Before joining the company, he served as the W3C Chair of the HTML5 Interest Group. Zac, an adept programmer, earned his Master's degree in Computing from the KTH Royal Institute of Technology in Sweden and also holds a Master’s in cybersecurity from the Norwegian University of Science and Technology.
Pitt Huang serves as both the chief technical officer and chief operating officer for Pundi X. He started coding at the age of 10 and was already creating space-themed games during his high school years.
In addition to his technical skills, Pitt is a passionate entrepreneur and investor. By the time he was 25, he had established and sold his first Groupon-like enterprise to Baizhu in 2008. He has founded and sold several other ventures, including one with 200 employees.
What Sets Pundi X Apart?
Pundi X's mission is to make cryptocurrencies accessible to everyone. Unlike other similar initiatives that seek to outdo the banking sector, Pundi X focuses on streamlining retail businesses to achieve this aim.
The project has crafted a blockchain-based payment system that includes XPOS, XPASS, and the virtual XWallet. The XPOS is notable for being the first wireless point-of-sale terminal globally that operates on blockchain technology for cryptocurrencies.
Retailers and customers can use the XPOS to easily buy, sell, and handle transactions with digital currencies in physical shops. The system is capable of processing various cryptocurrencies, including well-known ones like Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX).
The XWallet mobile app acts as a link between conventional digital asset wallets and the Pundi X payment network. Users can utilize the XWallet to manage their digital assets, perform transactions, view balances, and add supported cryptocurrencies. Every registered XWallet user receives a virtual XPASS card.
In June 2019, Pundi X launched the Open Platform to accommodate more blockchains. Since then, DeFi projects and developers have been able to register and upload their ERC20 tokens within the Pundi X ecosystem, broadening its application.
The project has crafted a blockchain-based payment system that includes XPOS, XPASS, and the virtual XWallet. The XPOS is notable for being the first wireless point-of-sale terminal globally that operates on blockchain technology for cryptocurrencies.
Retailers and customers can use the XPOS to easily buy, sell, and handle transactions with digital currencies in physical shops. The system is capable of processing various cryptocurrencies, including well-known ones like Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX).
The XWallet mobile app acts as a link between conventional digital asset wallets and the Pundi X payment network. Users can utilize the XWallet to manage their digital assets, perform transactions, view balances, and add supported cryptocurrencies. Every registered XWallet user receives a virtual XPASS card.
In June 2019, Pundi X launched the Open Platform to accommodate more blockchains. Since then, DeFi projects and developers have been able to register and upload their ERC20 tokens within the Pundi X ecosystem, broadening its application.
How Many Pundi X (PUNDIX) Tokens Are Currently Available?
Similar to other crypto platforms focused on payments, a significant majority of Pundi X (PUNDIX) tokens have been released. Brokerage services adopting this model include Binance (BNB), Voyager Token (VGX), and Troy (TROY).
Initially, Pundi X started with PXS and PXSXEM tokens, which were exchanged for PUNDIX tokens from March to September 2018 at a rate of one PXS token for 1,000 PUNDIX tokens.
The circulating supply of PUNDIX tokens presently stands at 235,514,908,115, while the maximum supply is limited to 258,526,640,301 PUNDIX. Currently, 91% of all possible PUNDIX tokens have been distributed. These tokens aren't mined; instead, they are issued weekly as rewards for staking.
Initially, Pundi X started with PXS and PXSXEM tokens, which were exchanged for PUNDIX tokens from March to September 2018 at a rate of one PXS token for 1,000 PUNDIX tokens.
The circulating supply of PUNDIX tokens presently stands at 235,514,908,115, while the maximum supply is limited to 258,526,640,301 PUNDIX. Currently, 91% of all possible PUNDIX tokens have been distributed. These tokens aren't mined; instead, they are issued weekly as rewards for staking.
Where Can You Purchase Pundi X (PUNDIX)?
Pundi X is available on numerous top-tier cryptocurrency exchanges. The most popular platforms for buying, selling, and trading Pundi X (PUNDIX) at the moment include:
- Binance
- Upbit
- Bithumb
- Huobi Global
- VCC Exchange
- HitBTC
- DigiFinex
Additional options can be found on our crypto exchanges page.
- Binance
- Upbit
- Bithumb
- Huobi Global
- VCC Exchange
- HitBTC
- DigiFinex
Additional options can be found on our crypto exchanges page.
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