What Is Pundi X (PUNDIX)?
PUNDIX is the native token of Pundi X, which is a platform used for developing devices powered by blockchain technology. Its major goal is to make crypto assets easily accessible to everyone. If you’re interested in the current (or previous) PUNDIX price, make sure to take a look at the Pundi X price chart featured above. Besides having the PUNDIX token, the project also has the PURES token, which is used for loyalty rewards.
To reach its goals, Pundi X developed a blockchain-based point-of-sale (POS) solution called XPOS. It allows people to make purchases in physical stores using digital assets. Besides, the system supports most of the existing cryptocurrencies.
Apart from XPOS, it also launched XPASS, Blok On Blok (BOB), and XWallet. XPASS is a virtual card that allows users to make frictionless transactions. BOB is the first-ever blockchain phone that is powered by Function X. It provides users with total control over their data and their phone design. XWallet is a mobile app. It serves as a connection between the Pundi X payment ecosystem and crypto wallets. Every XWallet user receives a virtual XPASS card. It allows them to manage their crypto assets.
The Founders of Pundi X
Pundi X crypto project was developed by Zac Cheah and Pitt Huang in 2017. Zac Cheah has a degree in computing and cybersecurity. Zac was the W3C Chair of the HTML5 Interest Group before founding Pundi X. Pitt Huang has a degree in engineering. Prior to founding Pundi X, he founded a few other companies. In fact, he developed and sold his first company when he was only 25 years old.
The Purpose of PUNDIX Tokens
XPOS has its own app store. It allows users to purchase various crypto-based apps. Also, it allows developers to store their own apps. PUNDIX tokens are used as a payment method for purchasing these apps.
Besides, Pundi X charges up to a 30% handling fee from app developers for storing their apps, which is also paid in PUNDIX tokens. Though after developers pay these fees, the tokens they paid with get burned.
The PUNDIX Token Supply
The maximum supply of PUNDIX tokens is 258,526,640,301, which is quite a specific number. Though in the beginning, the Pundi X platform didn’t have PUNDIX tokens. Instead, it launched PXS and PXSXEM tokens. However, after the PUNDIX token was launched in 2018, PXS and PXSXEM were exchanged for PUDINX tokens at a 1:1000 rate.
If you intend to purchase Pundi X coins, keep in mind that the PUNDIX price is subject to change. This occurs because the volatility of the entire crypto market has an impact on the PUNDIX price, just like it does on the pricing of other digital assets.
