Pundi X: The Blockchain Platform for Crypto Payments

Pundi X: The Blockchain Platform for Crypto Payments

Pundi X is a blockchain platform that aims to make cryptocurrency transactions as easy and accessible as using a credit card or a mobile app. It offers a suite of products and services that enable merchants and consumers to buy, sell, and use cryptocurrencies in physical stores and online. In this post, we will explore the features, trends, updates, analysis, and outlook of Pundi X and its native token PUNDIX.

Coin Introduction and Features

Pundi X was founded in 2017 by Zac Cheah, Constantin Papadimitriou, Danny Lim, and Pitt Huang, who are also the founders of W3C, a web development company. The white paper for Pundi X was published in September 2017, and the token sale was launched and completed in January 2018, raising over $35 million in ETH. The mainnet of Pundi X launched in March 2018, after a successful testnet phase.

Pundi X’s core technology is an API that connects users to the world’s largest payment network, Visa, through Pundi X’s own payment devices. Pundi X’s payment devices include XPOS, a point-of-sale device that allows merchants to accept cryptocurrencies as a payment method, XWallet, a mobile app that allows users to store and manage their cryptocurrencies, and XPASS, a physical card that allows users to pay with cryptocurrencies at any XPOS-enabled merchant. Pundi X also offers XPhone, a blockchain-powered smartphone that allows users to make calls and send messages using peer-to-peer technology.

Pundi X’s native token is PUNDIX, an ERC-20 utility token that powers the Pundi X network. PUNDIX is used to pay for the fees and services on the network, such as registering a device, deploying a smart contract, or sending a transaction. PUNDIX is also used for staking to run a Pundi X node, which is a node that participates in the network and earns rewards. PUNDIX holders can also participate in the governance of the network through the Pundi X DAO, which controls network parameters and upgrades. PUNDIX was formerly known as NPXS, but was migrated to PUNDIX in March 2021 to improve the compatibility and functionality of the token.

Market Analysis and Trends

PUNDIX is currently trading at $0.5583 USD with a 24-hour trading volume of $10,736,703 USD1. It has a circulating supply of 258,491,637 PUNDIX and a total supply of 258,526,640 PUNDIX1. It ranks #362 on CoinMarketCap with a market capitalization of $144,309,769 USD1.

PUNDIX has experienced significant price fluctuations in the past year, reaching a high of $8.76 USD on April 6, 2021 and a low of $0.10 USD on March 13, 20201. The price movements of PUNDIX are influenced by various factors, such as:

• The demand and supply of crypto payments and the adoption of Pundi X’s platform and services.
• The development and innovation of Pundi X’s technology and products, especially the integration with other platforms and protocols, such as Binance, Ethereum, and Ontology.
• The competition and collaboration with other projects and platforms in the payment and crypto space, such as Crypto.com, Wirex, and Plutus.
• The regulatory and legal environment and the compliance of payment and crypto services with different jurisdictions and standards.
• The sentiment and behavior of the crypto community and the general public towards payment and crypto and Pundi X.

Project Updates

Pundi X is constantly working on improving its platform and products, as well as engaging with its community and partners. Some of the recent updates and announcements from Pundi X are:

• Pundi X Visa Card Launch: Pundi X launched its Visa card in the US, UK, and EU markets in July 2020, offering users four tiers of cards with different benefits and features, such as cashback, rebates, discounts, and airport lounge access. Pundi X’s Visa card supports over 30 cryptocurrencies, stablecoins, and fiat currencies, and can be used at over 60 million merchants worldwide2.
• Pundi X Acquisition by Binance: Pundi X announced the acquisition by Binance, the world’s largest digital asset exchange, in July 2020, for an undisclosed amount. The acquisition aims to enhance the collaboration and integration between Pundi X and Binance, as well as to expand the reach and adoption of Pundi X’s platform and services. Binance also listed PUNDIX on its platform and added support for Pundi X’s payment devices3.
• Pundi X Swap Launch: Pundi X launched Pundi X Swap, an on-chain product that allows users to swap and provide liquidity for various tokens, in September 2020. Pundi X Swap is a fork of Uniswap, SushiSwap, and THORChain, and is powered by Pundi X Chain, a sidechain that runs on top of Ethereum. Pundi X Swap supports PUNDIX and other ERC-20 tokens, as well as Binance Chain and Binance Smart Chain tokens4.

Analysis and Recommendations for Investments

Pundi X is a promising project that aims to provide a blockchain platform for crypto payments. It offers a unique and innovative solution for creating and using global payment devices that can convert and spend cryptocurrencies and fiat currencies in real time, using an API that connects to Visa. Pundi X enables users to enjoy a seamless and convenient user experience, as well as to earn rewards and cashback from Pundi X’s platform and services.

PUNDIX is a valuable token that enables users to access and benefit from Pundi X’s platform and services. It also represents a stake and a voice in the governance of the network, as well as the potential integration with other platforms and protocols. PUNDIX holders can look forward to the development and innovation of Pundi X’s technology and products, as well as the growth and support of the Pundi X ecosystem.

Therefore, we recommend PUNDIX as a good investment for long-term holders who believe in the vision and potential of Pundi X and payment and crypto services. However, we also advise investors to do their own research and due diligence, as well as to be aware of the risks and uncertainties involved in the crypto market.

Outlook and Community Response

Pundi X has a positive outlook for the future, as it continues to develop and innovate its platform and products, as well as to expand and engage its community and partners. Pundi X has a clear roadmap and vision for 2021 and beyond, which includes:

• Pundi X Card Expansion: Pundi X plans to launch its card in more markets and regions, such as Asia, Africa, and Latin America, as well as to offer more card tiers and features, such as metal cards, virtual cards, and NFC payments.
• Pundi X Chain Upgrade: Pundi X plans to upgrade its sidechain, Pundi X Chain, to support more tokens and protocols, such as ERC-721, ERC-1155, and Polkadot. Pundi X Chain will also enable interoperability between Pundi X’s platform and services and other blockchain networks and applications.
• Pundi X Ecosystem Growth: Pundi X plans to grow and support its ecosystem of users, developers, and partners, who will use and contribute to Pundi X’s platform and services. Pundi X will also collaborate with more partners and institutions in the payment and crypto industry, such as Visa, Mastercard, PayPal, and Stripe.

Pundi X has a positive community response, as it has a loyal and active fan base, as well as a strong and reputable team and advisors. Pundi X has over 100,000 followers on Twitter, over 20,000 members on Telegram, and over 10,000 subscribers on Reddit1. Pundi X also receives positive feedback and recognition from various media outlets, industry experts, and influencers, such as CoinMarketCap, CoinGecko, and Coinbase.