2017 was a research year for the Pundi X team. The main factors that hindered the autonomous movement of cryptocurrency among the masses were studied. The developers set a goal to rebuild the system to be 100% decentralized. The arrival of Pundi X is a testament to the successful achievement of the task.

About Pundi X project

A subsidiary of the WokoWorks holding (software developer in Indonesia) through Pundi X has developed payment software. The main goal of the developers is to make the whole process of buying and selling cryptocurrency, paying for various goods with coins simple and accessible. For this, a number of devices and applications have been developed.

In January 2018, the ICO ended, in which they raised $ 35 million - the hard cap bar. The PXS token was released, changed to NPXS. The NPXS token is designed for easy access of digital currency to more people, increasing the useful functions of digital money. With the high popularity of the ICO process, they gave an average rating. Investors received 2X to the dollar and 4X to Bitcoin.

Cryptocurrency ecosystem

Pundi X is a platform that provides several elements of a large ecosystem:

mobile phone app - Xwallet, a cryptocurrency wallet with payment and transfer options;
payment terminals;
payment cards.
Coins are used to pay system fees.

Tokens

NPXS coin is a RC20 Ethereum token. Created for:

settlement in retail stores using a special terminal;
checking tokens by terminal;
payments in bonus offers;
cryptocurrency transactions through the terminal.
The launch of the coin took place in March 2018. The token has the following characteristics:

23 exchanges / 39 active markets trade;
235.2 billion coins in circulation;
market capitalization is $ 36.4 million.
At the moment, the application is used for retail using blockchain technologies. The use of a system coin simplifies the interaction between the buyer and the seller, and also makes cryptocurrencies simple and easy to use everywhere.

System Description

Pundi X plays the role of the next generation internet service framework. This is a new infrastructure in the ecosystem of services with the improvement of the internet and blockchain. She combined the advantages of the two systems using the most common applications of technical solutions. A systematic approach to software and hardware coding is used to centralize all applications, websites, data and services. This helped lay the foundation for the next generation of the Internet in the future. Developers have achieved success in:

hardware;
operating system;
basic services;
optimization of open chains of blocks.
All actions are demonstrated on progress products. Blockchain Pundiye X includes the following elements:

functions with web protocol with distributed transmission (P2P);
the XDocker platform, which includes open source source code for developers;
creation, delivery and launch of DApps;
special storage;
high performance and secure blockchain;
Android OS to seamlessly switch blockchain and Android modes.
The ecosystem goes beyond the usual transfer of cryptocurrency and opens up new avenues for decentralization.

Pundi X features

This system is decentralized, built for continuous autonomous functioning without the control of any person or organization from outside. To support the system, the coin plays the role of the base currency in the system. Distribution, control, circulation and generation are also decentralized. The coin can be used by:

consumers;
infrastructure service providers;
developers when creating DApp based on, for example, Uber, Alibaba, etc.
financial service providers.
Any vendor contributes to the system.

Common goals

The main aspirations of the new system are:

separation from institutional centralization and monopoly when creating a blockchain network service on the Internet, including all the useful functions and experience of modern Internet products;
ensuring rapid migration of enterprises to the service network for absolute control over their own data and eliminating barriers between enterprises;
fostering competitiveness while improving user experience, increasing efficiency rather than increasing reliance on past success against new competitors.
Developers use fully decentralized social media platforms. This allows you to retain ownership and store your own data. Any organization has no direct influence over the use of personal information. For example, you can use decentralized delivery apps (DApps) to order food in a restaurant when you advertise another decentralized app. All data and orders are stored in the public chain, not in the app.

The fetch of data from FXTP happens when the web page is accessed, no one has any control over what is visible or not. Therefore, developers have every chance to compete with large enterprises or business structures, subsequently reducing the efficiency of the business in the future. The natural development and change of large enterprises can lead to their dominance in another area.

Using Pundy X in everyday life

Everyone who comes across cryptocurrency asks the question:

how easy and profitable it is to buy cryptocurrency;
how to spend profitably;
how to buy goods in a store without withdrawing fiat, not to spend commission on an exchange.
With the growing popularity of cryptocurrency, store owners are more thinking about how they can offer the buyer to pay for the goods in this way. Another option is to switch the store for mutual settlements in cryptocurrency or using the usual payment method.
Pundi X offers a solution to all questions. The service offers retail stores everything they need to use cryptocurrency. Developers are creating an offline network for buying and selling cryptocurrency, enabling ordinary stores to use their devices to pay for services and physical goods. Pundi X removes all purchase restrictions. A commodity also means any kind of cryptocurrency.

How is Pundi X created?

PoW / PoS mining is not provided. There are several ways to get a coin:

Tokens in the form of payment for contributors who participated in the ICO. The payment is made under the contract from the sale of coins. During the ICO, investors got 30% of the ordered tokens. 70% is distributed to prevent the accumulation of huge amounts of assets in some capital investors.
You must participate in the staking program. They register in it, download a mobile application, pass authorization and perform system tasks every month. Tokens are awarded for completing tasks.
For those who have bought and held coins on ICOs, there is a monthly Proof of Stake reward. The distribution takes place for three years after the ICO, until the entire reserved balance is distributed.

Investors are paid 11% of the staking allocation. There are several pitfalls in the program:

time limit;
features of the KYC authentication procedure.
Its easy to buy a token. The purchase and sale takes place on several popular exchanges.

Is Pundi X infinite?

The advantages of this system inspired the developers to function X. With the advent of blockchain technology and cryptocurrencies, new currency systems began to open up. They transform the centralized mechanisms and the old monetary systems into a new system in which the participants have equal rights. A large flow of participants who have joined the system contributes to its stabilization. This produces new secure and confidential currencies that bypass the centralized common system.

In the process of various transactions with the terminal, a certain amount of NPXS coins are burned, which gives a reduction in the total supply and the option to maintain a pricing policy. Every month, 70% of the reserve is distributed between the holders of the cryptocurrency with the full volume of the issue. The distribution is carried out using the indicators of the average value with the daily minimum number of tokens per month multiplied by 10%, according to the indicators of the average daily number of tokens per month multiplied by 90%. The total is multiplied by 7.316%. The issued coins for permanent reward to users and token holders will increase the turnover.

Strengths of Pundi X
Developers have provided a turnkey solution in retail stores as the first, but not the only product. It is a smart contract cash register. XPOS includes the following features:

accepts different currencies, including Bitcoin, Ethereum, Xsem tokens and Xsem token, including from different crypto wallets;
offers its own card for payment Pundi XPos;
accepts other cryptocurrency cards supported by NPXS token;
supports other cards;
used as an exchanger (connects to services and gives the consumer a choice of conditions for exchange);
is used in the form of mobile applications for payment, for example, Alipay;
there is a setting for a bonus program for sellers for buyers, in which cashback is used taking into account the NPXS motet to buy goods next time;
subscriptions with bonuses are issued;
the financial history of buyers is saved, which can be used for lending (the credit history is also saved, the information is encrypted);
merchant transactions are saved to simplify inventory and inventory management.
The seller orders the terminal, installs it in the store. The consumer only needs to download the application to his mobile phone and pay by the terminal by scanning a QR code or using an XPOS card.
XPOS is a turnkey solution for merchants and buyers that allows you to make payments both from a card and from applications. When buying, the seller chooses the desired cryptocurrency, Pundi XPOS accepts the one that the buyer has, converts it into the desired one. For the consumer, there is no need to worry about not having the required cryptocurrency. The system is designed to make it easy for both parties to use cryptocurrency.

Pundi X in the top currencies
In the top 100, ERC-20 tokens rank 51st. The increased demand for cryptocurrency sets the demand for this type of product. With a large number of competitors, Pundi will remain in demand, just like the token. Pundi X is in the top 100 popular cryptocurrencies.

In the long term, there is an opportunity to make a profit. Pundi X is currently partnering with APOS A8, the worlds best-selling payment device, to make cryptocurrency and blockchain accessible to a large number of people.

There are two things that can hold back the development of the project and the token itself:

Legality status - XPOS is focused on offline use, legality is important.
A large number of coins - 68 billion - is a deterrent to the growth of the token price.
You can store coins on the exchange, Ethereum wallets or your own Pundi XPOS card.
By using NPXS as payment for developers, the token will increase in use.

The number of countries installing XPOS is increasing. About 20 countries of the world use the terminal. Technology that solves convenience issues wins. A person can pay for goods anywhere. For sellers, turnkey service, with the inclusion of various bonus programs. This will generate interest in Pundis product, as using it will increase the profitability of the merchant business.