Pundi X coin is a native cryptocurrency of the Pundi X platform created on the Ethereum blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset. Pundi X coin was mainly created to enable different merchant to connect their customers to their retail stores thus enabling them to use different cryptocurrencies to pay for the services and goods offered by those retailers using the xpass card. Users can also use the XPOS devices available on different outlets to buy or sell cryptocurrencies offline or to top up their wallet using fiat money. The pundi X token acts as a utility coin to enable different mechants and outlets to use the coin to purchase for the Xpass Cards as well as XPOS devices. Users can also hold their Pundi X tokens so that in return they receive reward in form of Function(X) token which they will be able to redeem it provided that their account is verified.The more Pundi X they stake the more Function(x) token they will receive.
Pundi X token transaction
Pundi X coin transaction takes place on the Ethereum blockchain explorer based on block height and timestamp. Here is a view of Pundi X coin transaction;
To view how the transaction takes place at Ethereum blockchain explorer, simply follow the link below; https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3
Pundi X coin project was started and launched in 2017 with the main objective of allowing different retailers to be able to link their customers to Pundi X platform thus allowing them to purchase their services and goods using the pundi X Xpass card thus in return they receive reward in form of pundi X token which they can redeem it.
Founder Of Pundi X token
Pundi X coin was created by Kiki who is a computer technologist with the main objective of becoming a native coin for its Pundi X platform thus allowing different merchants to be able to connect their retails on the platform thus allowing their customer to use the pundi X Xpass card to be able to purchase for different goods and services as well as to be able to purchase different cryptocurrencies offline using the Pundi X xpass card.
Process of creating Pundi X token
Unlike cryptocurrencies like bitcoin and Ethereum which are released through the mining process using power supply and internet using the proof-of-work consensus, for Pundi X coin, that is not the case. Instead, Pundi X coin was created to become a utility coin. During its launched, all the 163 billion coins were distributed to the public and to the company and team members accordingly . Since Pundi X coin was created to become a utility coin ,it therefore enables different online merchants retailers to be able to use the coin to purchase Xpass card as well as XPOS devices thus enabling their customers to settle their payment using the xpass card on the Pundi X platform thus in return provided they are holding Pundi X token, they receive reward in form of function X token which they will be able to redeem it provided their account is fully verified. Retailers can also enable their customers to pay for their goods and services on several XPOS devices located on those retail outlets as well as using their Xpass card to settle for services received thus in return they also receive reward in form of function X token provided they are also holding Pundi X token. The more they are staking the more function X tokens they will receive. Users can also use their Xpass card to deposit their different cryptocurrencies to their account as well as to buy and sell different cryptocurrencies thus in return they receive reward in form of function X token provided they are also holding the pundi X token. Here is how the function X token reward process looks like for all pundi X token holders;
If you want to become a merchant or user to receive reward for holding your Pundi X token, then you can follow them from below; https://developer.pundix.com/
Maximum circulation of Pundi X token
According to Pundi X white paper, the maximum amount of Pundi x coin(NPXS) that should be in circulation in Ethereum blockchain network is capped at 163 billion coins . Out of this amount, 107 billion will be distributed to the public while 56 billion coins will be reserved to the pundi X company and team members.From the amount distributed to the public, they will be entitled to receive 65% of the function X token generated from the transaction carried out while 20% of the Function X token generated will go to the ecosystem genesis fund. Another 10% will go to the engineering team members while the remaining 5% will be used for product development and marketing thus bringing a total of 378,604,524 function x token in circulation. Here is how the distribution for Pundi X token looks like;
Pundi X token Price
Currently, 1 Pundi X coin is worth more than $0.0002 and its price is expected to increase over the next period of time. Pundi X coin is being abbreviated as NPXS.
Converting my Pundi X token to other cryptocurrencies
To convert your Pundi X coin to other cryptocurrencies such as bitcoin and Ethereum, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Pundi X coin to Bitcoin or Ethereum. Here is a list of exchanges where you can easily exchange your Pundi X coin to your favorite cryptocurrencies;
Storing my Pundi X token
To store your Pundi X coin, you need a Pundi X coin wallet that is compatible to ERC20. You can either store online or offline. To store your Pundi X coin online, you can either Use myether wallet, metamask or can store them in their platform at https://developers.pundix.com or can download their Xwallet . To secure your Pundi X coin from being stolen by hackers, you can use ledger Nano wallet.
Transferring my Pundi X token to other Users
If you want to transfer your Pundi X coin to another user, the two of you must have trust in each other. The trust should be the Pundi X coin address provided for by the receiver while the sender must have the Pundi X coin balance in their account to send to the receiver. For the sender, a blank space to insert the receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;
Knowing more About Pundi X token
If you feel that you need to learn more about Pundi X coin, then you can follow them on their site. Here is the link redirecting you to Pundi X coin platform website https://pundix.com/ You can as well read their white paper to learn more about their idea from below https://whitepaper.io/document/382/pundi-x-whitepaper
You can also join as a community member in any of their social media platform from below to follow the discussion made by other community members;
Now that you know, I think that it is time for you to start earning some Pundi X coin by simply staking them so that when a transaction takes place on the Xpass card from the XPOS devices or from online merchants processing their payment using the Pundi X platform you willl be entitled to the function x coin generated.If you feell that i should also own some pundi x coin for helping you know about it, then here is my address compatible to ERC20.