What is Pundi X? Pundi X has attracted institutional investors who are considering adding blockchain services. In this article, we answered questions such as what is Pundi X (PUNDIX), how does it work, how to buy PUNDIX coin, what are its advantages and disadvantages. As Kriptokoin.com, we have compiled it for you.
What is Pundi X?
Pundi X is a blockchain platform that aims to commercialize the use of cryptocurrencies. The native cryptocurrency of the project is the PUNDIX coin. At the time of writing, the project had a market capitalization of $195 million. The main purpose of the platform is to change the current structure in which cryptocurrencies are mostly used in crypto money exchanges and make it a trading tool that can be used in the real world. The platform stands out by performing high-speed money transfers for low transaction fees.
was founded and launched in 2017 in Jakarta by Zac Cheah, Danny Lim and Pitt Huang. Initially built as a decentralized application (dApp) on the Ethereum blockchain, the project has evolved into its own blockchain. The launch of the new system running on the Function X network was held on October 13, 2021. Pundi X aims to be one of the largest networks to offer retail POS gateway for cryptos.
Also, the project is a leader in the development of blockchain devices that act as a POS terminal called XPOS. The platform has created XPOS devices distributed in more than 20 countries to enable cryptocurrency payments. The XPOS device not only favors the PUNDIX coin, but instead supports instant payments and cross-chain currencies including Bitcoin. Another service offered by the platform is the Pundix credit card. PUNDIX coin holders can shop at contracted stores by obtaining a credit card.
What is a PUNDIX coin?
Pundi X, in the past the NPXS coin was used as the native cryptocurrency. The idea to create a new Pundi X coin in 2021 was voted on by the platform’s investors. As a result, the new native cryptocurrency, PUNDIX, was launched on March 30, 2021. The maximum supply of the new coin is set at 260 million units. At the time of writing, 258 million PUNDIX coins were in circulation.
What are the advantages?
- PUNDIX coin has a stakeable structure. This means that users can earn passive income by locking their assets for a certain term.
- PUNDIX coin holders can purchase PundiX’s credit card from valid brands online or via pos device.
- Money transfers on the Pundi X network are very fast. In addition, the transaction fees are quite affordable.
What are the disadvantages?
- The platform appeals mostly to institutional investors and brands. Individual users are not offered the wide range of services known to brands.
- At the same time, such platforms are at risk of being hacked. This danger can be circumvented by keeping assets in a hardware wallet rather than an online wallet.
What is Pundi X? How to get PUNDIX coin?
Pundi X project managed to attract the attention of corporate brands. Users looking to buy PUNDIX coins should find a crypto exchange where the token is listed. It is listed on exchanges such as PUNDIX, Binance, Bitpay, ProBit Global. Interested investors can purchase PUNDIX coins by signing up for one of these exchanges and adding funds to their wallets.