Pundi X (NPXS): Driving Retail Cryptocurrency Adoption While Rewarding It’s Users
Pundi X (Ticker: NPXS) is a new-ish token having just been released in March 2018. Since then, however, it’s quickly shot up to become the 48th largest market cap (per CoinMarketCap.com on 8/5/2018) token and seems to be drawing a lot of attention already being listed on the #1 largest exchange (Edit 12.5.2018: While i have not received compensation, all opinions are my own, this post does include referral links where applicable) Binance. Let’s take a closer look at what exactly Pundi X / NPXS (available on the worlds #1 largest exchange Binance) actually is.
What does Pundi X actually do?
Pundi X, a child company of Pundi Pundi, produces a P.O.S. (Point of Sale…not Proof of Stake) system intended to be used by retailers called the XPOS. In addition to accepting traditional payment forms, such as credit cards, it accepts cryptocurrency as well. Think of the credit card reader you use at your local grocery store. It likely lists the payment forms it will accept right on it such as (like Visa, MasterCard, Apple Pay, etc.) The XPOS is a hardware and software replacement for those systems.
Is XPOS real or just a concept?
According to their website the XPOS system will start shipping the 5,000 already ordered units to 7 different countries including the UK, Switzerland, Brazil, Korea, Hong Kong, Singapore and Indonesia. You can watch a demo of Pundi X CEO Zac Cheah using XPOS at a coffee shop below.
So it just accepts cryptocurrency as a payment form?
Nope. It actually acts as a wallet and exchange as well. Anywhere a user finds an XPOS system they can use their XPASS card to not only buy goods and services with crypto but store, buy and sell it as well. The list of crypto currently supported includes Bitcoin (BTC), Ethereum (ETH), New Economy Movement (XEM), Qtum (QTUM), Verge (XVG) and, of course, Pundi X (NPXS). Imagine being able to buy a cup of coffee, deposit your change in the form of BTC, using your credit card to buy some QTUM, then exchanging some XEM for BTC…all from the same little card swiping device.
I get it, retail adoption made simple. So what’s the point of NPXS?
The NPXS token can be used, of course, as a form of payment on the XPOS system. That’s about the least interesting aspect of the token.
Developers who create apps to run on XPOS (which is Android 7.0 based FYI) will have to pay up to 30% of the handling fees in NPXS. These tokens are then “burned” reducing the total circulating supply.
NPXS can also be used as “loyalty payments” for customers. Instead of airline miles or store gift cards retailers can choose to reward regulars with the NPXS tokens.
The biggest benefit, at the time of this writing, to NPXS is the staking rewards that are scheduled to continue through the December 2020. Those holding NPXS in a compatible ERC-20 wallet will receive monthly payouts as follows;
Jan-Dec 2018: 7.316% per month
Jan-Dec 2019: 2.11637% per month
Jan-Dec 2020: 0.88187% per month
Pundi X has a working product (XPOS), profitably solves a problem (ease of retail adoption + interest from crypto enthusiasts) a strong team, tons of partnerships, great marketing (high scores on CoinCheckup’s analysis page) and one the richest user incentive programs I’ve seen in cryptocurrency. NPXS can easily be traded on the world’s leading exchange; Binance.
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