In August, we start shipping our XPOS devices in a larger scale.
It’s a new era of the Pundi X project, six months after the completion of our public token sale. You will begin seeing merchants and others using our XPOS in the launch markets listed.
This also means the beginning of revenue generation from cryptocurrency transactions and a reduction in the total supply of NPXS as we have outlined in the blog post here.
We’ve also received inquiries about listing tokens on Pundi X POS and purchases of XPOS devices. Such inquiries, when finalized, will also require the utilization of NPXS. These utilized NPXS tokens will be taken out from our total supply as well. In the end of each month, we will execute the permanent removal of the utilized NPXS tokens.
While the 5,000 XPOS units are being shipped, a total of 500,001,139 NPXS have been taken out from the total supply this month based on the revenue generated from the XPOS retailers’ transactions.
At the end of August, we will provide the transaction record for transparency.