Pundi X
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Pundi X

Q4 2021 Token Removal Report

Dear Pundians,

The token removal for Q4 2021 has been completed. We took out approximately 6,802 $PUNDIX and 1,093,702,580 $PURSE tokens from their respective total supplies. Starting from the launch of Pundi X Chain in October 2021, the token removal mechanism of $NPXSXEM followed $PURSE’s BDL model as $NPXSXEM migrated to $PURSE.

After the Q4 token removal, the total supply of PUNDIX is now 258,470,713 and the total supply of PURSE is 63,085,607,782.792603.

The proof of execution is listed as follows

$PUNDIX Q4 2021 removal transaction: https://etherscan.io/tx/0xc74f59ac8b6fd91f6bb4f208cf6b9ef333fc6bd1ab2fac24b383c63dc6abfed8

$PURSE removal amount is 1,093,702,580 as of 15 Jan 2022. You can always check the live removal amount at https://pursetoken.com/

$PURSE removal is constant based on the “Burn, Distribution, Liquidity” (BDL) model after migrating to Binance Smart Chain. For every transfer to a non-whitelisted address, 10% of the transfer is burned, 5% goes into a redistribution pool to be distributed to all existing $PURSE holders, and 5% goes to the liquidity pool. The distribution will be made in March 2022. Please also note that $PURSE is not meant for trading or speculation. It’s a reward token that holders can redeem NFTs, XPOS devices, coupons and other services/products.

2022 quarterly token removal schedule

The team has removed token supply since 2018. As of today, we’ve removed tokens worth over USD$52 million.

Below is our 2022 token removal schedule. The schedule is subjected to change. To follow our compliance policy, we will only announce the token removal after we execute it.

Do stay tuned for our latest announcements across our official social media channels (Twitter, Telegram, Facebook, Instagram, YouTube and Medium).

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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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Pundi X (writers)

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

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