Pundi X (writers)
Jul 16 · 4 min read

NPXSXEM is now migrating to Binance Chain as announced on June 21. The current total supply of NPXSXEM is 67,725,825,819.45 and will be swapped 1:1 to the Binance Chain, becoming BEP2 tokens.

To make sure your NPXSXEM tokens is tradable on Binance DEX in the near future, you will be required to swap NPXSXEM from Mosaic tokens to BEP2 tokens.

The process is simple. All you have to do is to deposit your NPXSXEM Moasic tokens to XWallet. We will do an auto-swap for you. Later after NPXSXEM gets listed on Binance DEX, you will be able to withdraw NPXSXEM BEP2 for trading.

1. Download XWallet and set up your account

2. Send your NPXSXEM tokens from your private NEM Nano wallet address (or other address) with the message assigned in your XWallet account.

How to deposit NPXSXEM in XWallet for BEP2 swap

a. Open XWallet and go to Virtual Card → NPXSXEM

b. Click “Receive” to get deposit address

c. It’s is VERY IMPORTANT that you read the notice and understand you cannot send NPXSXEM from the exchange. Then click “View address”;

d. Copy both address and MEMO to proceed the transfer.

Make sure that you input both address and MEMO/message when sending NPXSXEM from your private NEM wallet address.

Starting from today, once you have deposited NPXSXEM Mosaic tokens to swap for NPXPXEM BEP2, the withdrawal will be in BEP2 tokens.

I have NPXSXEM and stake in the XWallet, what should I do?

If you already have NPXSXEM and are currently staking NPXSXEM for FX in the XWallet, you can follow the process to deposit your NPXSXEM Moasic tokens for BEP2 swap.

  1. Get your deposit address and memo message from Virtual Card → NPXSXEM →Receive → View Address
  2. Go to FX card →NPXSXEM → View → Transfer
  3. Fill in the deposit address and memo you get from Step 1.

Once transfer to the swap account, you will not be able to stake after withdrawing NPXSXEM from f(x) card.

How long will NPXSXEM Mosaic tokens tradable in the exchanges?

NPXSXEM Mosaic token are still tradable in the exchanges till June 30, 2020. In the meantime, we will also conduct buyback NPXSXEM Mosaic tokens periodically from the public exchanges and convert them into BEP2.

After June 30, 2020, we will delist all the NPXSXEM Mosaic tokens from all the exchanges.

How to withdraw NPXSXEM Mosaic tokens from XWallet to the exchanges for trading?

Withdrawing NPXSXEM Mosaic token to the exchanges is not supported. We recommend you do not deposit NPXSXEM into XWallet for swapping if you still wish to trade NPXSXEM Mosaic tokens in the public exchanges.

How to withdraw NPXSXEM BEP2 tokens?

XWallet currently supports deposit of NPXSXEM Mosaic tokens swapping for NPXSXEM BEP2 tokens. However, withdrawal of NPXSXEM BEP2 will not be enabled until NPXSXEM BEP2 gets listed on Binance DEX.

When will NPXSXEM get listed on Binance DEX?

Please stay tuned for the announcement.

What is NPXSXEM and why migrating to Binance Chain?

NPXSXEM is the utility token created initially on NEM blockchain and with the purpose of supporting transactions on NEM XPOS devices. For the unintiated, here’s a detailed explanation of the NPXSXEM token.

With the launch of the Open Platform, our products, namely the XPOS, XWallet, and XPASS card will be able to support tokens from multiple public chains on its single payment platform, including XEM, the native token of NEM blockchain and BNB, the native token of Binance Chain. Other Mosaic and BEP2 tokens will also be available in the aforementioned suite of XPOS-related products in the near future.

This means that the current (and future) XPOS devices, XPASS card, and XWallet will receive NEM and Binance Chain token support. NPXSXEM utility will no longer be limited to just NEM XPOS.

With the migration of NPXSXEM to the Binance Chain, NPXSXEM tokens can now be used for XEM and other Mosaic token transactions on the Pundi X payment platform, as well as for BEP2 transactions.

Pundi X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

Pundi X (writers)

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

Pundi X

Pundi X

Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores.

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