Team

Pundi X 2017 Review and 2018 Outlook

2017 is an incredible year for Pundi X. We’ve been moving and growing at lightning speed. Flashing back in the late September, we started the project. In less than four months, the team has achieved significant milestones that I would proudly like to share with you.

Launched three working products before the Crowd Sales

Our R&D team in Shenzhen, China has built three types of POS devices that can cater various usage for different retail outlets after so many sleepless nights. The first generation device – XPOS 1 is codenamed ‘Mount Agung.’ This is the device we’ve used for all road shows and meetups. Some of you have already seen how it worked in your own eyes.

XPOS 2 is ‘Jade Dragon Snow Mountain.’ It’s smaller, lighter and highly portable Pundi X POS device. I believe this tool will be accommodating for the retailers in the farmer market where they don’t have the counter or less space to station their POS device.

As for our third generation POS device, its code name is Halla. The device equips much larger screens. It is beneficial for the retailers who have a significant size of the counter and want to display the sales items or store advertisement.

All these three models are working products and be able to get integrated with Bitcoin, Ethereum, NEM, Qtum, Achain, Stellar Lumens and other blockchain platforms. These POS devices will enable consumers to easily check out items with cryptocurrencies (BTS, ETH, XEM, LTC, PXS, QTUM, XLM, ACT tokens), fiat, bank card, mobile wallet or with an NFC enabled Pundi X Pass very soon in the future!

The fourth largest official crypto fan page on Facebook

We are fortunate to receive strong support from the community and our passionate PUNDI X-PERTs. This reflects on our social media presence. As of December 24, the followers of the Pundi X Facebook fan page is around 68K. It becomes the fourth largest official crypto fan page in the world, after Bitcoin’s (343K), Ethereum’s (113K) and Litecoin (86.5K).

I was also told that we have more than 5,000 bounty managers, which is the most significant of all the public token sale projects on the BitcoinTalk Forum. I cannot verify the number here, but this is truly impressive.

Over 1,202 individuals purchased during the Pre-Sales

With a limited time of our Pre-Sales, we have successfully raised a total of 10,611 ETH, 622 BTC, 597,442 XEM, and 50,000 QTUM — equivalent to 23 million US Dollars (price value as of December 20th). Established token purchasers include Lon Wong, President of NEM and Patrick Dai, CEO and founder of Qtum.

Strategic partnership for future growth

We are also flexing our muscles to partner with blockchain developers (NEM, Qtum, AChain, Stellar), Associations (XPOS Consortium, Fintech Indonesia, Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS Singapore, and Swiss Finance and Technology Association), Token holders (Digix, Aditus, Appsolutely, Opporty, CannaSOS, U.CASH, WandX, Retainly) in the ecosystem to develop a better crypto world together.

Starting to get more cryptos to the mainstream in 2018

As for Pundi X POS device roll-out partnerships, we will have Appsolutely to cover the Philippines market, WandX and Retainly for India, CannaSOS for North America, U.CASH for Canada and North America. In Indonesia, the rollout will be built upon Pundi-Pundi (QR payment solution) with over 100,000 registered users and 600 partnered merchants. Pundi-Pundi has signed a strategic partnership with Indofood, the largest instant noodle manufacturer in Indonesia, with a market share of 72%. We are helping to roll out Pundi X solutions to Indofood’s Warmindo. There are 45,000 Warmindos stalls in Indonesia. Also, Pundi X and E2Pay will build a new financial app for the religious group in Indonesia with 100 million members, one of the objectives is to enable donation by using cryptocurrencies.

To kick off 2018, we will continue organizing roadshows to get more people to know about Pundi X, scheduled as below:
1. January 6 — X Blockchain Meetup San Francisco, our first meetup in USA
2. January 8 — Dubai International Blockchain Summit
3. January 8 — X Blockchain Meetup Bristol, UK
4. January 23–26 — World Economic Forum in Davos-Klosters, Switzerland

In the meantime, our Crowd Sales will officially commence on January 21 and run until it reaches the hard cap of 35 million USD or January 31. After that, we will work hard on bringing more cryptos to more places in the world. We are grateful to have your support and please stay tune for more of our exciting news.

Wish you all a Merry Christmas and Happy 2018!

Sincerely,

Zac Cheah