To fund this project, we have concluded a private placement totaling $17 million (USD) on April 5th 2018. The fund will be used for technical integration and the production of at least 20,000 NEM XPOS over a three year period. Part of the funds will be used for general XPOS R&D which will also benefit the development of the NEM XPOS. R&D will include side chain implementation, XPOS management systems and other refinements of the system.
What does it mean for NPXSXEM holders?
The NEM XPOS will be priced extremely competitive, possibly for free, using the funding.
NPXSXEM holders will be able to benefit from the increased utility of NPXSXEM as a token in all transactions, including the redistribution of NPXSXEM.
We anticipate NPXSXEM tokens will be listed in May in the exchanges.
What does it mean for NPXS holders?
Among all proceeds, such as gas, being used in NEMXPOS transactions, 10% of the the usage will be NPXS. For instance, if $10 (USD) worth of tokens is used, $1 (USD) will consume NPXS.
The XPOS will continue to be our main focus: The NEM XPOS is a special project. We will only partner with another blockchain if it ultimately benefits both the development of the XPOS and NPXS token holders.
We empower blockchain developers and token holders to transact digital assets and services at any physical store in the world. Telegram: http://t.me/pundix
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