Q2 2021 Token Removal Report
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. To learn more about the Pundi X Reward token and how the reward is calculated, you can read the details here.
After the Q2 token removal, the total supply of PUNDIX is now 258,484,530.000924396 and the total supply of NPXSXEM is 44,754,364,975.46.
Here are the links of the execution hashes: https://etherscan.io/tx/0xbf88c3be44d601556bf756fb07ae07903afef82c4301232449987689b086c9c2
7,107.231 PUNDIX tokens were removed from its total supply permanently.
Also, 8,233,411.37 NPXSXEM tokens were taken out from its total supply permanently. You can check out the execution on Binance Chain at https://explorer.binance.org/tx/6647F37E8E5FCA8EC7C8F5CA903DC563CD9B2C76A6739C15953470B32E6D2507
Q3 2021 token removal schedule
The supply of PUNDIX tokens is deflationary based on the utilization across Pundi X products and services. PUNDIX tokens are NOT mintable. The team has removed token supply since 2018. As of today, we’ve removed tokens worth over USD$50 million.
Q3 removal is planned for the second week of October 2021.
Please note that the schedule is subject to change. Do stay tuned for our latest announcements across our official social media channels (Twitter, Telegram, Facebook, Instagram, YouTube and Medium).