Buy Pundi X

Pundi X is a blockchain platform that aims to contribute to the adoption of cryptocurrencies by making their use in everyday life easier. In contrast to the limited features and uses of cryptocurrencies, Pundi X offers an alternative way to use cryptocurrencies. This is possible thanks to Pundi X’s mobile contactless point-of-sale (POS) terminal, called XPOS, which enables the use of cryptocurrency in retail.

Pundi X’s ecosystem is powered by the PUNDIX token. This ecosystem includes various products and services, such as the mobile wallet (XWallet), a smart payment card (XPASS), and the Pundi X platform, all of which are supported by the Pundi X Network. In addition, Pundi X aims to provide basic banking services in underdeveloped areas through Ethereum-based POS terminals and cryptocurrencies.

Who founded Pundi X?

Pundi X was founded in 2017 by Zac Cheah, Danny Lim, and Pitt Huang in Jakarta, with the aim of addressing the limitations of Bitcoin and creating a Proof-of-Channel for mainstream crypto usage in retail. The team and company behind Pundi X have adapted their vision to meet the standards of the decentralized finance industry and aim to become one of the largest networks that offer a retail POS gateway for cryptos.

Pundi X is designed with a variety of applications and features that make it suitable for a diverse group of users, including developers, businesses, and individuals. You can use Pundi X to:

• Pay with crypto easily: Pundi X enables consumers to easily pay with crypto at affiliated merchants via XPOS terminals, lowering the barrier to entry for everyday crypto use.
• Accept crypto payments: Merchants can use XPOS terminals to easily and securely accept payments in various cryptocurrencies, allowing them to reach a wider audience.
• Build decentralized applications (dApps): With open-source access to the Pundi X platform, developers can build and integrate their own applications within the Pundi X ecosystem.
• Store and manage crypto: Individuals can securely store, manage, spend, and stake cryptocurrencies to earn rewards using the XWallet. Additionally, the XPASS card enables easy spending of cryptocurrencies at merchants that accept XPOS payments.

Pundi X uses an open-source blockchain-based environment that combines a mobile application and contactless smart card to enable cryptocurrency payments through retail POS devices.

The XPOS terminal

The XPOS terminal is one of Pundi X’s flagship products and is specifically designed to support cryptocurrency payments in physical stores. This device supports multiple cryptocurrencies and enables instant transactions, meaning transactions are processed instantly, providing a flexible solution for both merchants and consumers.

The XPOS terminal is used in over 20 countries worldwide and plays a key role in Pundi X’s quest to make cryptocurrency payments an everyday routine.

XPASS and XWallet

The XPASS is a contactless smart card that allows users to easily manage and spend their cryptocurrencies. Together with the XWallet, a mobile application, it forms a powerful tool for managing and using cryptocurrencies. These products are not only designed to facilitate the use of cryptocurrencies in daily life, but also provide secure storage and transaction capabilities.

Blockchain technology

Pundi X leverages blockchain technology to provide a secure and transparent payment system. Integration with the Chainlink network has further enhanced security for users of retail POS devices and retailers that support cryptocurrency payments. In addition, the XWallet uses two-factor authentication and biometric security mechanisms, allowing users to store and use their cryptocurrencies safely and securely.

Like many other blockchains in the DeFi sector, Pundi X uses the Proof-of-Stake (PoS) consensus mechanism to secure the network. This mechanism is more efficient, scalable, and cost-effective than Proof-of-Work (PoW), which requires mining. PoS allows PUNDIX holders to stake their tokens in exchange for rewards, contributing to the security and stability of the network.

The PUNDIX token is the core component of the Pundi X ecosystem and is designed to facilitate transactions and services within the network. PUNDIX was originally launched as PXS, but was replaced by the NPXS token in 2018. Users could exchange their PXS tokens at a rate of 1 PXS for 1,000 NPXS. In 2021, the PUNDIX token was introduced, allowing NPXS holders to exchange their tokens at a rate of 1,000 NPXS for 1 PUNDIX token.

Through periodic token burns, PUNDIX’s tokenomics model is designed to be deflationary. This model aims to create scarcity and potentially increase the value of PUNDIX tokens.

Staking PUNDIX is a process where users contribute to the validation of transactions and simultaneously generate revenue in the form of PUNDIX tokens. This makes staking an attractive option for token holders who want to make a return on their investment and support the network at the same time.

To stake PUNDIX, you can use the official XWallet. Using the XWallet, users can allocate their tokens for staking. The rewards are generated from the transaction fees that users pay for activities within the Pundi X ecosystem.

Pundi X stands out from similar platforms and applications with several features that make it attractive to both consumers and businesses:

• First blockchain-powered POS: Pundi X introduced XPOS, the world’s first wireless point-of-sale for cryptocurrencies powered by blockchain. This makes it easier for merchants to accept crypto payments.
• Focus on practical use: Pundi X is designed to bridge the gap between traditional financial services and the crypto world by providing solutions for everyday crypto usage, such as paying in stores.
• Support for multiple cryptocurrencies: Unlike some platforms that are limited to a few digital currencies, Pundi X supports a wide range of cryptocurrencies, giving users flexibility and choice.
• Inclusive of financial services: Pundi X is on a mission to bring financial services to underserved regions. It focuses on making banking services accessible through its Ethereum-based POS terminals.

Buy Pundi X (PUNDIX) at Bitvavo. Both beginners and experienced traders can use our platform. Follow the steps below to buy PUNDIX tokens at Bitvavo:

1. Log in to your Bitvavo account or create a new account.
2. Select "Deposit" to add money to your account.
3. Go to the Pundi X (PUNDIX)purchase page.
4. Determine the amount you want to spend or the number of PUNDIX tokens you wish to purchase and confirm by clicking "Buy".

The price of PUNDIX coins depends on the current market value. After purchase, your PUNDIX tokens are immediately added to your Bitvavo wallet, where you can easily manage and sell them to quickly respond to changes in the market.

Store PUNDIX safely at Bitvavo, where the majority of funds are stored in cold wallets for maximum protection. We also highly recommend enabling two-factor authentication (2FA) for extra security.

For those who prefer personal storage, Bitvavo supports various software and hardware wallets that support PUNDIX. After purchase, you can effortlessly transfer your Pundi X tokens to an external wallet once you have the correct address linked to your Bitvavo account.