Pundi X’s mission is to make buying and spending cryptocurrency as easy as buying a bottle of water so to have more people using cryptocurrencies, as this might still be cumbersome for non-technical people.
Since Pundi X debit card does not use the Visa or Mastercard network, it can’t run in to the same issues as TenX, Monaco Card and other cryptocurrency debit cards where the cards were cancelled because they were not anymore supported by the payment processors.
PXS is the token used for Pundi X. Token purchaser, crypto traders, crypto developers and trading platform. They can also use PXS as “gas” to fuel transactions in the Pundi X ecosystem. For example, people who want to use the Pundi X sales network will have to buy PXS. As the Pundi X ecosystem grows, so will the demand for PXS and the earliest token purchaser will stand to benefit most.
The Pundi X card is the physical multi-currency (fiat and cryptocurrencies) wallet or a Crypto Debit card which can be loaded with cryptocurrencies via the POS devices which are connected to the PundiX platform. The PundiX card also facilitates payments via cryptocurrencies held in the card through NFC and contactless technology. With the future being Crypto, this physical debit card/wallet has a key use case in the event of theft of the mobile phone or loss of battery or no service coverage. The PundiX card will allow the easy onboarding of the next billion crypto users, who can get accustomed to using cryptocurrencies. We also envisage several channels (Crypto Banks, Crypto Exchanges, POS device manufacturers, etc) through which the PundiX card can potentially become a regular feature.
The Pundi X Platform is a visual management system consisting of Pundi X POS devices and other existing POS devices. Every common man can login to the Pundi X Platform to buy or sell cryptocurrencies using the PundiX card and the PundiPundi wallet App. All transactions that are executed by the PundiX devices are recorded in the blockchain for easy access and tracking.
The Pundi X POS is a smart device that is built to distribute cryptocurrency and is connected to the blockchain, so that each transaction is recorded. Consumers use Pundi X POS to buy physical goods using cryptocurrency . A software-only Pundi X POS is designed to run on Android and IOS tablets and is a special purpose version of the consumer mobile wallet app. Since each Pundi X POS device is connected to the web, software and feature updates can be performed remotely. For example, an update may introduce new blockchain features; schedule the sale of new ERC20 tokens; or arrange for a new cryptocurrency to be issued through an ICO.
Pundi X aims to bring in the next billion crypto users as it allows users to buy cryptocurrency anywhere and anytime. This will attempt to make PundiX the world’s largest decentralized, offline cryptocurrency sales network. It is ‘decentralized’ because the ecosystem and transaction records live on the blockchain. It is ‘offline’ because their entry point is via Point-of-Sale (POS) devices installed in physical outlets.
Pundi X built a POS (point of sale) machine, mobile app and debit card to allow people to easily spend and buy cryptocurrencies. The difference with other debit cards as TenX and Monaco card is that the Pundi X card does not rely on the Visa or Mastercard network but operates fully on the blockchain.
The Pundi X XPS is hence fully decoupled from the banking system. The Pundi X network wants to incentivize participation by providing free hardware to retail stores in the initial target geography of Indonesia.
Pundi X POS devices connect to different cryptocurrency exchanges. As each exchange has different prices, users and merchants can decide for themselves which platform best suits their needs.
Users can choose their preferred cryptocurrency on different exchanges. The market will then determine which platform offers the best combination of price and service.
Pundi X held an ICO back in January 2018, raising their $35 million hard cap in just 90 minutes.
The Pundi X token is an ERC-20 token running on the Ethereum blockchain. The token symbol for the Pundi X token was changed from PXS to NPXS in March 2018, where 1000 PXS will give you 1 NPXX.
Tokens can be swapped till September 2018. The Pundi X token is a utility token that can be used for paying for goods and services, loyalty programs, running ads, etc.
A small amount of the tokens is burnt for every transaction that happens by using the Pundi XPOS, so the amount of outstanding tokens gradually goes down.
Trezor
Trezor is relatively cheaper than Ledger Nano S and is one of the most user-friendly hardware wallets, which support Pundi X. Trezor is the world’s first Bitcoin wallet, which stores your cryptocurrency private keys offline and it can be used on a malware infected system. Trezor wallet provides top-notch security for the cryptocurrencies. It is an HD wallet, backed up with the 24 seed word, which is used for extra security. A passphrase can be used to recover the wallet, hence can be regarded as one of the top Pundi X wallets in 2019.
Ledger Nano S
Ledger Nano S is one of the most popular hardware wallets for digital currencies that support cryptocurrencies like Bitcoin, Ethereum, and other ERC20 tokens like Pundi X. It is like a USB device, which you can connect to any desktop or laptop. Ledger Nano S comes with an OLED display for confirming transactions. Ledger Nano is one of the most secure places to store your Pundi tokens as its inaccessible by the hackers due to its encrypted password and security features.
Pundi X wallet
Pundi X wallet is its own official mobile wallet, available for both Android and IOS version and acts like a bridge within the Pundi X digital payments ecosystem, between your devices and digital wallets outside of it. The X Wallet is an app which serves as a complement to the physical card, that will enable you to manage the card remotely or be used in its stead for making mobile-only payments via the Pundi XPOS. You can even use the NPXS Wallet in-store, at home, online or off and on any device. X Wallet supports digital asset payment by scanning QR code and the users can pay in the digital asset after scanning QR code in stores with XPOS.
Exodus
Exodus is a desktop wallet which supports a ton of other cryptocurrencies along with NPXS and is pretty straightforward and easy to use. Just download the app from the official site(exodus.io) and get straight into creating your wallet. Exodus stores your Private Keys on the machine you choose and not on any server, providing you with a relative peace of mind when it comes to the security of your coins.
MyEtherWallet
MyEtherWallet is an easy option to store all your ERC20 tokens like Pundi X. MyEtherWallet is a convenient open source digital wallet, with enhanced security protocols for keeping the client’s data safe. The best part is that the user has the complete right or control over the private key. MEW combines the ease of setup provided by online wallets while eliminating the vulnerabilities that come with storing your funds online. MEW can be best understood as a tool for interfacing with the Ethereum network, rather than as a standalone application.
