Pundi X integrates crypto into e-commerce. Its open-source platform facilitates seamless crypto payments and expands globally with a one-stop app for digital payments. PUNDIX, the native token, has a $95 million market cap and a sound utility nature. Dive in to read more!
Pundi X is a blockchain project to facilitate and enforce crypto solutions in the e-commerce sector. The platform's crucial objective is to implement real-life cryptocurrency solutions and eliminate the restrictions on purchasing and exchanging crypto funds solely through crypto exchanges.
PUNDIX Token Utility
PUNDIX is a native token used in the Pundi X ecosystem by traders, developers, and the trading platform itself. Another PUNDIX use case is the payment of gas fees for intranet transactions.
According to Coinmarketcap, PUNDIX token key indicators as of June 22, 2023 are as follows:
- Token name: PUNDIX
- PUNDIX price: $0.3681
- Technology: ERC-20
- Fully diluted market cap: $95,235,246
- Market cap: $95 million
- Volume (24h): $4 million
- Total supply: 258,491,637.23 PUNDIX
- Circulating supply: 258,491,637.23 PUNDIX
Although the project cannot be anointed as a rookie to the crypto market, the PUNDIX token appeared only in 2021, replacing the previously employed NPXS token. It was the second denomination arranged by Pundi X, where users had to swap NPXS coins at a rate of 1000 NPXS = 1 PUNDIX by the end of March 2022.
Pundi X Origins
Zac Cheah, Pitt Huang, and Danny Lim are the founders of the project, which was launched in Jakarta in 2017. They joined their efforts to realize the project's main idea, namely, to eliminate the imperfections of Bitcoin and develop a working POS channel to adapt cryptocurrencies to e-commerce.
How Does Pundi X Work?
Pundi X Network is an open-source blockchain infrastructure that blends advanced contactless smart card technology with a mobile application. Such a blend allows users to provide smooth and seamless crypto payments through POS devices utilized by businesses.
Recently, the Pundi X protocol has become a global solution, positively affecting the acceptance and expansion of Pundi X on the network. Moreover, the convenience and intuitive management of mobile payments with cryptocurrencies stimulate the further spread of technology.
Meanwhile, Indonesia has become the first location to test Pundi X's solutions for lightning-fast cryptocurrency payments in retail stores.
Pundi X Funding
Pundi X has led two investment rounds that have raised $35 million in funding support. According to official records, the platform has received backing from seven investors and angel investors, including big names like Karnika Yashwant and Michael Schelper.
Pundi X Roadmap
Currently, the project's main focus is twofold: expanding the range of cryptocurrencies accepted as payment for goods and services and enhancing the modules for mobile users.
Pundi X Roadmap 2022 in detail:
- Q4 2022: Loyalty point tokenization task force for banks | De-XPASS card | Test XPOS module for mobile users
- Q3 2022: Open de-XPOS public testing | Support more tokens for on-chain transactions | Grow $PURSE award redemption partners | Develop XPOS module for mobile users
- Q2 2022: Produce and test XPASS cards | Establish CBDC task force | Open more crypto exchange stores in Turkey
The company is continuing its expansion into global markets, and it seems like Turkey is the next place where Pundi X will test its new features. A perfect choice, given the high crypto industry adoption level among Turkish users.
