Pundi X (NPXS)

Pundi X (NPXS)

Other Coins Uncategorized
August 6, 2018 by matthewrobinson
2197
What is Pundi X? Pundi X aims to make buying cryptocurrency much easier. In fact, according to their website they want to make it as easy as buying a bottle of water. Using their unique Point of Sales system (XPOS) Pundi X enables any store to buy, sell and accept cryptocurrency. Problem? The problem with
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What is Pundi X?


Pundi X aims to make buying cryptocurrency much easier. In fact, according to their website they want to make it as easy as buying a bottle of water. Using their unique Point of Sales system (XPOS) Pundi X enables any store to buy, sell and accept cryptocurrency.

Problem?

The problem with cryptocurrencies now is that they have not gained mainstream adoption. There are two main reasons for this.

First, buying cryptocurrency can be a complicated process. Many cryptocurrency exchanges are complicated for new users. In addition, managing multiple private keys, authenticators and wallets can be overwhelming for even the experienced user.

Second, it is difficult to spend cryptocurrency in daily life. While Bitcoin and cryptocurrency have received a lot of press and are widely known, they are still not widely used for transactions. Until the infrastructure is in place to allow the average person to use cryptocurrency to buy consumer goods, it will be restricted to a small audience of early adopters and speculators.

Pundi X Solution

Pundi X solves this problem by introducing a platform for buying and spending cryptocurrency in retail stores. Customers can buy and spend cryptocurrency directly with the Pundi X mobile app and contactless payment card. The video below shows it being used to coffee and Bitcoin from a coffee shop.

Team

The Pundi X team is made up of experienced entrepreneurs and technologists. The CEO, Zac Cheah, is the former W3C Chair of HTML5 Interest Group and has spent 12 years in tech in browser and mobile gaming market.

NPXS Token

Currently there is a circulating supply of 99,265,197,704 NPXS with an estimated total possible supply of around 3.333 times this amount. The total supply will not be finalized until after January 2021. Around 50% of NPXS tokens will be in reserve (25% to the founders and management, 20% to the company, 5% to the advisors).

All revenue that Pundi X generates will be removed permanently from the NPXS token circulation. For example, if someone pays for a Bitcoin using Pundi X and the transaction fee is $10, the team will burn $10 worth of NXPS tokens.

The NPXS token is used to list other tokens and applications on the XPOS device, to create loyalty programs, to run ads through the XPOS system and to purchase goods and services from merchants.

If you hold NXPS tokens, you will receive additional airdropped tokens automatically. This article https://medium.com/pundix/july-tokens-unlocked-for-pundi-x-holders-6fe35a18e31f explains which wallets support the airdropped tokens

Partnerships

Pundi X has partnerships with Nem, Qtum, Achain, Stellar, Verge, Zcash and more.

pundi x partnerships

Cons

One big hurdle that Pundi X will have to face is government regulation. While it isn’t easy for governments to stop cryptocurrency, it would be easy for governments to ban retailers from accepting crypto or make crypto terminals illegal.

Another negative in our view, is the token economics and use case of the NXPS tokens. It is concerning to us that there is such a massive supply of tokens and the team owns 50% of them. While the NXPS token has some important use cases, none of them seem critical to the direct transactions on the blockchain.

BlockWolf Summary

Pundi X is an exciting project as it paves the way for cryptocurrency mass adoption. Projects like Pundi X are necessary for the cryptocurrency ecosystem in order to supply the infrastructure needed for daily transactions. We like that Pundi X has a working product, an ambitious mission and a great team. Although we do believe that Pundi X will have a big impact, we are not ready to invest in the NXPS tokens.