Dear Pundians,

The token removal for Q2 2021 has been completed. We took out approximately 7,107.231 PUNDIX tokens and 8,233,411.37 NPXSXEM tokens from their respective total supplies.

Please note that we are developing Pundi X Chain. Once we launch the Pundi X Chain, NPXSXEM will be migrated to the Chain and converted into Pundi X Reward tokens supported in the BEP20 network. PUNDIX holders will receive Pundi X Reward tokens. The calculation period starts from 21 June 2021. Daily snapshots will be taken of holders’ private wallets beginning on 21 June. …


Note: below is the summary transcript of the quarterly report, there might be minor grammatical discrepancies as you may watch the original video transcript for the best understanding. For the original video, you may watch it at https://www.youtube.com/watch?v=gjEUnXvQwFg

Dear Pundians,

Thank you for your time to participate in the Q2 2021 report. We’re going to update you on the progress we made and the lookout of Q3 2021.

Here’s the agenda of the Q2 report:


First XPOS crypto exchange store is now open in Istanbul

Following the growing popularity of cryptocurrency and cryptocurrency-related services in recent years, blockchain solution developer Pundi X is excited to announce that its products and services is now be available in Turkey via distribution by platform-as-a-solution company OVO Dijital Servisler A.S.

The distribution of Pundi X products in Turkey will primarily focus on business owners looking to facilitate easy in-store cryptocurrency exchange. How this will work is that Pundi X will focus on setting up physical cryptocurrency exchange spots, where trading cryptocurrency is as easy as traditional money exchange.

The…


Preface

As mentioned in the 2021 Q1 AMA, we are introducing a transaction mining program that will be implemented along with the launch of the Pundi X blockchain in 2021 Q2/Q3. The purpose of this transaction mining event is to enhance, activate and expand the XPOS network, XWallet usage, XPASS utility and Pundi X on-chain transactions.

This is a new program and we would like to take a step-by-step approach to guide participating merchants through the process. Because this involves off-chain, on-chain and cross-chain transactions, it is a bit complicated. But at the same time, it’s really an exciting opportunity. …


Pundi X’s token supply reduction was kicked off on March 30, 2021 with 1000:1 redenomination. The maximum supply is 258 million units. It’s a deflationary tokenomy whereby the supply will continuously decrease based on PUNDIX utility.

As of the date of this article, over 1 million $PUNDIX holders, including exchange and private wallet holders and there are about 85% of $NPXS tokens swapped for PUNDIX tokens.


Dear Pundians,

Though it’s still only about halfway through the year, 2021 is shaping up to be another productive year for the Pundi X team. Spurred by the changes started in 2020 and anticipating the rising demand for blockchain-based solutions, our team has worked hard to introduce upgrades to the XPOS ecosystem, Pundi X tokens, Function X blockchain, and more. All of these are small but crucial steps in educating people on the power of blockchain and digital currencies.

In the first half of 2021, we’ve accomplished about 70% of the items which we had set out in our previous…


As a leading blockchain-based point-of-sale payment solution and decentralized finance (DeFi) platform developer, we are pleased to announce that we have successfully integrated the widely used and trusted Chainlink Price Feeds — decentralized oracle networks that make a variety of real-time asset prices accessible on-chain for smart contracts.

Pundi X is using and supporting newly launched Chainlink Price Feeds for PUNDIX/USD (live today) to accurately distribute platform rewards denominated in the native PUNDIX token.

We selected Chainlink as our go-to oracle solution because it provides high-quality data using time-tested oracle infrastructure that’s proven to secure tens of billions of dollars…


The new XPOS devices made by Pundi X will be adjusted to USD 499 per unit, starting from June 1st, 2021

Over the past years since 2018, Pundi X’s XPOS devices have made it possible for brick-and-mortar stores to move from a dependence on fiat currency to using cryptocurrencies with contactless transactions. XPOS devices have so far been distributed to over 30+ countries across the world, ranging from Brazil to Japan. XPASS cards can also be co-branded as a marketing tool for brands and be paired with Pundi X’s XWallet app, a handy way of using cryptocurrency for first-time users.


The Monetary Authority of Singapore (“MAS”) requires a legal opinion on each of the tokens (excluding Bitcoin, Ethereum) listed on XPOS, XWallet and XPASS Card (“our Platform”).

Because we have applied to be licensed by the MAS, the written legal opinion has to be based on Singapore law. And the MAS has specified that legal opinion needs to provide an assessment on:

  1. whether or not the token is a Digital Payment Token under the Payment Services Act (2019); and
  2. whether or not the token is a Capital Markets Product under the Securities and Futures Act.

To comply with the requirement…


In recent months, Non-fungible tokens, or NFTs, have taken the art world by storm. With its ability to certify a digital asset as unique and store it on a blockchain, NFTs have been hailed as the digital answer to collectibles. With NFTs, artists creating unique works of art could earn potentially millions.

The rising use and popularity of NFTs is why Theadoption.io, the first sci-fi comic book set inspired by blockchain and crypto mass adoption, is proud to collaborate with developers Pundi X Labs for a special NFT comic book cover for its upcoming release of “The Adoption: Vol.1: The…

Pundi X (writers)

Writers for Pundi X: https://medium.com/pundix

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store