Pundi X (Old)
Crypto Overview
Important Notice
Pundi X (NPXS) has been rebranded and replaced by PUNDIX through a token swap that occurred in March 2021. The old NPXS token is no longer actively traded or supported. This report covers the historical NPXS token for reference purposes only.
Project Overview
Pundi X was created to make cryptocurrency transactions easier in physical stores through a point-of-sale (POS) device network. The NPXS token was designed to facilitate transactions within this ecosystem and provide rewards to merchants and users.
Original Intended Utility
The NPXS token was meant to serve multiple purposes: 1) Power transactions on the Pundi X payment network 2) Provide rewards to merchants using Pundi X POS devices 3) Enable governance voting on network decisions 4) Pay for transaction fees within the ecosystem
Development and Adoption
Before its replacement, NPXS had achieved some adoption milestones with POS device deployments in several countries. However, the project ultimately decided to move to a new token model with PUNDIX.
Token Distribution and Governance
The original token distribution included allocations for the team, advisors, and public sale participants. Specific vesting schedules were implemented to prevent immediate selling pressure.
Crypto Impact
To assign a comfort level investing in Pundi X (Old) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pundi X (Old).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.