Pundi X (PUNDIX)

Last Updated: 16/06/2022

What Is Pundi X (PUNDIX)

The mission of PUNDIX is to enable digital currencies to be more accessible to more people across the borders and further increase the utility of digital currencies:

Use digital currencies anytime, anywhere

Pundi X is a hardware and software platform that enables physical payments with cryptocurrency. Pundi X has built its ‘XPOS’ payment ecosystem around its ERC-20 token, PUNDIX. POS means ‘Point of Sale’ and the XPOS is a product created by Pundi X that can facilitate payments using PUNDIX and has been applied to many markets around the world. The XPOS payment ecosystem further consists of the XPOS device, the XWallet and the XPASS card.

The Pundi X XWallet mobile app supports multiple Decentralized Apps (DApps) for users, and this makes performing cryptocurrency transactions much easier. The PUNDIX token is required for all transactions within the XPOS ecosystem, and these tokens can also be used as loyalty rewards for a deduction of the transaction amount. This may encourage consumers to use Pundi X to make purchases.

PUNDIX Tokens are also required when publishing an app on Pundi XPOS app store. PUNDIX is a default token to settle the payment within the application. Depending on the different type of developers, Pundi X can charge up to 30% of handling fee in PUNDIX and the Pundi X contract will burn this kind of PUNDIX tokens. Developers are looking to create applications for a variety of retailers and financial services to use cryptocurrency in their transactions such as providing wallets, insurance services, membership/loyalty programs, and more, catering to the needs in around the globe.

An illustration of the cryptocurrency payment transaction flow using the XPOS device is shown below:

Team

Team Pundi X operates globally with physical offices in Jakarta, London, São Paulo, Seoul, Tokyo, Shenzhen and Singapore. The Pundi X management is shown below:

Zac Cheah - CEO and co-founder - he is the former W3C Chair of HTML5 Interest Group. He was a scholarship recipient at Sweden KTH (MSc Computing) and Norway NTNU (MSc Security). Zac spent 12 years in tech in browser and mobile gaming markets.
Pitt Huang - CTO and co-founder- Pitt is an entrepreneur who sold his first Groupon-like company at the age of 25. He has started and sold several successful start-ups. Pitt studied a BSc Engineering at Xi’An Polytechnic University.
Constantin Papadimitriou - President - Constantin has 17 years of experience as founding CEO of two Indonesian fintech companies - Infinetworks and E2Pay. He has an MSc Computer Science (Purdue University) and BSc Computer Science (University of Tulsa).
Danny Lim - CFO and co-founder - Danny is an APAC financing expert who has product design experience with Baidu and Lenovo. Danny is a PhD Law scholar from Tsinghua University and holds ACMA and CGMA accounting qualifications.
David Ben Kay - Chief Legal Counsel - David has over thirty years of legal and tech experience. Prior to Pundi X he was Ethereum Foundation's governing board member, General Counsel of Microsoft China, and Managing Partner of Denton Hall. David graduated JD from UCLA.
Peko Wan - Chief Ecosystem Officer - Peko Wan has over 15 years of experience in the IT industry. Before joining Pundi X, she worked for Opera Software and Ogilvy & Mather. Peko received her MBA from the Marshall School of Business, University of Southern California and a Bachelor of Arts in Foreign Languages and Literature from National Sun Yat-sen University.

Sourced from Pundi-X official website.

Roadmap

2022 Q1

Integrate XPOS on Android-based white-lable POS device.
Complete security audits for new de-fi products.
Add more language support across Pundi X products and services.

2022 Q2

Produce and test the prototype of decentralized XPASS cards.
Establish CBDC task force.
Open more crypto exchange stores in Turkey.

2022 Q3

Open de-XPOS public testing.
Support more tokens for onchain transactions.
Grow $PURSE award redemption partners.
Develop XPOS module for mobile phone users.

2022 Q4

Establish loyalty point tokenization task force for banks.
Launch De-XPASS card with a leading chipset manufacturer.
Test XPOS module for mobile phone users.

2023 Q1

To be announced in Dec 2022.

Where to Hold Pundi-X (PUNDIX)

Pundi X (PUNDIX) can be stored in the XWallet, created by Pundi X. This wallet works seamlessly with the XPOS interface allowing offline and online blockchain transactions, you can send/receive digital assets with friends and family in ‘Telegram’ with no fees and manage your digital assets with different DApp features within XWallet.

XWallet can store a variety of cryptocurrencies other than PUNDIX including BTC, BNB, ETH and more.

PUNDIX can also be stored in a software wallet such as Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $PUNDIX secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.

We recommend checking with your wallet provider’s official website to see their supported coins and make sure PUNDIX is a supported asset. More information on cryptocurrency wallets can be found on our ‘Wallet Guides’ page here: https://www.bcbitcoin.com/wallet-guides/

Where to Buy and Sell Pundi-X (PUNDIX)

Buying and selling PUNDIX can be executed through BC Bitcoin.

You can Buy Pundi X (PUNDIX) by visiting the Buy Coins page of our website. PUNDIX is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying PUNDIX is very easy, simply place your order and provide your wallet address. Once your payment arrives, PUNDIX will be sent directly to your wallet.

If you choose to Sell PUNDIX, you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on our Sell Coins page. 

Pundi-X (PUNDIX) Resources

Website: https://pundix.com/

Block Explorer: https://etherscan.io/

Twitter: https://twitter.com/PundiXLabs

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.