Pundi X (Old)

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.