Pundi X (New) PUNDIX
About
What Is Pundi X (PUNDIX)?
Pundi X is a leading developer of blockchain-powered devices with the aim of transforming retail businesses with its blockchain-based point of sale solution. The solution allows retail merchants and consumers to conduct instantaneous in-store transactions on its blockchain.
The blockchain solution was founded in 2017 and launched its ICO in January 2018 as the world's first point-of-sale solution. Following a successful ICO, Pundi X has successfully launched retailed focused services including XPOS, XWallet and XPASS as well as the world's first blockchain phone called BOB.
The company, which has its headquarters in Singapore, has shipped its XPOS solution and devices to over 25 markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan.
Who Are the Founders of Pundi X?
The Pundi X project was founded in 2017 by Zac Cheah and Pitt Huang. The pair met in an HTML5 Interest Group in 2012, and the single idea that created the startup was a way of making cryptocurrencies a part of the daily lives of everybody.
Zac Cheah currently serves as the CEO of Pundi X. Prior to his role at Pundi X, Zac was formerly the W3C Chair of the HTML5 Interest Group. Zac, a skilled programmer received his MS.c in Computing from the KTH Royal Institute of Technology, abbreviated KTH, Sweden, and M.Sc in cybersecurity from the Norwegian University of Science and Technology, Norway.
Pitt Huang currently serves as the chief technical officer and chief operating officer of Pundi X. Pitt who began coding at the age of 10. In his high school, he was already building space games.
He is also an avid entrepreneur and investor. At the age of 25, he had founded and sold his first Groupon-like company to Baizhu in 2008. He has started and sold several other businesses, including a 200 person company.
More Info
What Makes Pundi X Unique?
The goal of the Pundi X project is to make cryptocurrency available to everyone. While other similar projects attempt to outperform the banking system, Pundi X looks to simplify transforming retail businesses to make this happen.
Pundi X has created a blockchain payment ecosystem with the XPOS, XPASS and the virtual XWallet. The XPOS is the world's first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies.
Using the XPOS, retail merchants, as well as consumers, can easily buy, sell and transact using digital assets in physical stores. The product is designed to accept every cryptocurrency. Popular digital assets like Bitcoin (BTC), Ethereum (ETH) and Pundi X (PUNDIX) are listed within the ecosystem.
The XWallet mobile app is the bridge between the regular digital asset wallets and the Pundi X payment ecosystem. Users can use the XWallet to easily manage their digital assets, make transfers, check balances, and top-up the supported cryptos in the XWallet. The virtual XPASS card is issued to every registered XWallet user.
In June 2019, Pundi X launched the Open Platform to support more blockchains. Since then, DeFi developers and projects have registered and uploaded their ERC20 tokens to the Pundi X ecosystem, increasing its use.
How Many Pundi X (PUNDIX) Tokens Are There in Circulation?
Like the native tokens of other payment-centered crypto platforms, the great majority of the Pundi X (PUNDIX) tokens have been issued. Other brokerage services that take this approach include Binance (BNB), Voyager Token (VGX) and ( Troy (TROY).
Pundi X initially launched with the PXS and PXSXEM tokens, the tokens were swapped for the PUNDIX tokens between March and September 2018. The swap rate was set at one PXS token for 1,000 PUNDIX.
The current circulating supply of PUNDIX tokens is set at 235,514,908,115 tokens, while the max supply is set at 258,526,640,301 PUNDIX. At the moment, 91 percent of the PUNDIX tokens there ever will have been issued. The PUNDIX tokens are non-minable, they are instead issued weekly as staking rewards.
Where Can You Buy the Pundi X (PUNDIX)?
Pundi X can be found across many of the leading crypto exchanges. The top exchanges for buying, selling, and trading in Pundi X (PUNDIX) are currently:
HitBTC, and
You can find others listed on our crypto exchanges page.
AI Analysis
What is the Pundi X (New) (PUNDIX) cryptocurrency good for? What are its main use cases?
Pundi X (New) (PUNDIX) is a cryptocurrency and blockchain-based platform designed to facilitate seamless cryptocurrency transactions, particularly in retail and point-of-sale (POS) environments. It is the native token of the Pundi X ecosystem, which aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi).
Main Use Cases of PUNDIX:
Payment Processing & Retail Adoption
- Pundi X provides XPOS (XPOS) devices, which are physical POS terminals that allow merchants to accept cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and ERC-20 tokens (including PUNDIX) as payment.
- Merchants can convert crypto payments into fiat instantly, reducing volatility risks.
Liquidity & Staking
- PUNDIX holders can stake their tokens to earn rewards through the Pundi X Pass program.
- The token is used in liquidity pools to support DeFi functionalities within the ecosystem.
Governance & Utility
- PUNDIX is used for governance, allowing holders to vote on ecosystem decisions.
- It serves as a utility token for transactions within the Pundi X network.
Cross-Border Payments & Remittances
- The platform enables fast, low-cost cross-border transactions, making it useful for remittances and international payments.
Integration with DeFi & NFTs
- Pundi X supports Function X (FX), a blockchain that enables DeFi, NFTs, and decentralized applications (dApps).
- PUNDIX can be used in DeFi protocols and NFT marketplaces within the ecosystem.
Why Use PUNDIX?
- Merchants: Accept crypto payments easily with XPOS devices.
- Investors: Stake PUNDIX for passive income.
- Developers: Build DeFi and NFT applications on the Function X blockchain.
- Users: Send and receive crypto with low fees and fast transactions.
Conclusion
PUNDIX is primarily useful for crypto payments, staking, governance, and DeFi applications. Its integration with physical POS devices makes it a practical choice for businesses looking to adopt cryptocurrency payments.
Would you like more details on any specific aspect?
What blockchain does Pundi X (New) use? Is it its own blockchain or built on top of another?
Pundi X (New) primarily operates on multiple blockchains, including its own Pundi X Blockchain (Pundi X Chain) and other public blockchains like Ethereum (ERC-20) and Binance Smart Chain (BSC).
Key Details:
Pundi X Chain (Pundi X Blockchain) – This is Pundi X's own blockchain, designed to support its ecosystem, including the Pundi X POS (Point of Sale) system and XPASS (a crypto payment card). It uses a Proof-of-Authority (PoA) consensus mechanism for faster and more scalable transactions.
Ethereum (ERC-20) – The original Pundi X (NPXS) token was initially launched as an ERC-20 token on Ethereum before the migration to the Pundi X Chain.
Binance Smart Chain (BSC) – Pundi X also supports BEP-20 versions of its token for cross-chain compatibility and liquidity.
Why Multiple Chains?
- Interoperability: By supporting multiple blockchains, Pundi X ensures liquidity and accessibility across different ecosystems.
- Scalability: The Pundi X Chain provides faster and cheaper transactions compared to Ethereum.
- Ecosystem Integration: The POS and XPASS systems rely on the Pundi X Chain for seamless crypto payments.
Conclusion:
Pundi X (New) has its own blockchain (Pundi X Chain) but also leverages Ethereum and Binance Smart Chain for broader functionality. This hybrid approach helps balance decentralization, scalability, and usability.
Would you like details on how to interact with the Pundi X Chain?
Is Pundi X (New) programmable? Does it support smart contracts or decentralized applications?
Yes, Pundi X (New), which refers to the Pundi X blockchain (Pundi X Chain), is programmable and supports smart contracts and decentralized applications (dApps).
Key Features of Pundi X (New) for Developers:
Smart Contract Support
- Pundi X Chain is built on a EVM-compatible blockchain, meaning it supports Solidity-based smart contracts (similar to Ethereum).
- Developers can deploy and interact with smart contracts using familiar tools like Remix IDE, Hardhat, or Truffle.
Decentralized Applications (dApps)
- The blockchain allows developers to build decentralized finance (DeFi), NFT marketplaces, gaming, and other dApps.
- It integrates with Pundi X’s payment ecosystem, enabling seamless crypto and fiat transactions.
Interoperability & Cross-Chain
- Pundi X Chain is part of the Pundi X ecosystem, which includes XDC Network (XinFin) and other blockchain solutions.
- It supports cross-chain transactions via bridges, enhancing flexibility.
Developer Tools & Documentation
- Pundi X provides SDKs, APIs, and developer documentation to facilitate dApp development.
- The blockchain is designed for high throughput and low fees, making it suitable for real-world applications.
Comparison with Pundi X (Old)
- The original Pundi X (FX) was more focused on point-of-sale (POS) crypto payments and did not natively support smart contracts.
- The new Pundi X Chain is a separate, programmable blockchain designed for DeFi, NFTs, and dApps.
Conclusion:
If you're looking to build smart contracts or dApps, Pundi X (New) is programmable and supports these features. It’s a good choice for developers who want an EVM-compatible, low-cost, and scalable blockchain with strong payment integration.
Would you like help with specific development resources or use cases?
How fast are Pundi X (New) transactions? What is the typical confirmation time and throughput (transactions per second)?
Pundi X (New) transactions are processed on the Pundi X Chain (Pundi X Blockchain), which is designed for fast and efficient transactions, particularly for point-of-sale (POS) and retail payments. Here are the key performance metrics:
1. Transaction Speed & Confirmation Time
- Typical Confirmation Time: ~2–5 seconds (depending on network conditions).
- Finality: Transactions are considered final after ~10–15 seconds (similar to other fast blockchains like Solana or Algorand).
2. Throughput (Transactions Per Second - TPS)
- Theoretical Max TPS: ~1,000 TPS (as claimed by Pundi X).
- Real-World TPS: Typically ~500–800 TPS under normal conditions.
3. Comparison with Other Blockchains
| Blockchain | Avg. TPS | Avg. Confirmation Time |
|---|---|---|
| Pundi X (New) | 500–800 | 2–5 sec |
| Ethereum (L1) | ~15–30 | ~15 sec |
| Solana | ~2,000 | ~2–4 sec |
| Algorand | ~1,000 | ~4 sec |
4. Key Features Supporting Speed
- Proof-of-Stake (PoS) Consensus: Faster than Proof-of-Work (PoW).
- Optimized for Retail Payments: Designed for high-frequency, low-latency transactions.
- Lightweight Smart Contracts: Supports fast execution of simple transactions.
Conclusion
Pundi X (New) is optimized for fast, low-cost transactions, making it suitable for retail and POS use cases. While not as fast as Solana, it offers competitive speeds with low fees, making it a strong choice for merchants and developers.
Would you like details on transaction fees or developer tools?
How much data can I store on the Pundi X (New) blockchain? Does it support on-chain data storage?
The Pundi X (New) blockchain, also known as Pundi X Chain (PXC), is a decentralized blockchain designed for payments, DeFi, and smart contracts. However, its primary focus is not on large-scale on-chain data storage. Here’s what you need to know:
1. On-Chain Data Storage on Pundi X (New)
- Limited Storage Capacity: Like most blockchains, Pundi X Chain is not optimized for storing large amounts of data directly on-chain. Blockchain storage is expensive and inefficient for bulk data.
- Smart Contract Data: You can store small amounts of data in smart contracts (e.g., transaction metadata, contract state variables).
- Token Metadata (NFTs): If you're using Pundi X for NFTs, you can store metadata (like token attributes) on-chain, but large files (e.g., images) are typically stored off-chain (IPFS, Arweave, etc.) with only a reference (CID) stored on-chain.
2. Off-Chain Storage Solutions
For larger datasets, you should use off-chain storage solutions like:
- IPFS (InterPlanetary File System)
- Arweave
- Filecoin
- Centralized cloud storage (AWS S3, Google Cloud, etc.)
3. Comparison with Other Blockchains
- Ethereum, Solana, Polygon: Similar limitations; on-chain storage is expensive.
- Filecoin, Arweave: Designed for decentralized storage but are separate from Pundi X.
- IPFS + Pundi X: A common approach is to store data on IPFS and reference it in Pundi X smart contracts.
4. Best Practices for Data Storage on Pundi X
- Keep on-chain data minimal (e.g., hashes, references, small metadata).
- Use decentralized storage (IPFS/Arweave) for large files.
- Consider oracles if you need to fetch external data into smart contracts.
Conclusion
Pundi X (New) supports limited on-chain data storage (mostly for smart contracts and NFT metadata). For large datasets, use off-chain storage solutions and reference them on-chain.
Would you like guidance on integrating IPFS or Arweave with Pundi X?
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