Dear Pundians,

With the launch of the Pundi X Open Platform and a commitment to attract good quality projects, developers and token issuers to the platform, the team has set up a fund from the Partnership Reserve Fund (PRF). The PRF will subsidize platform participants’ initial liquidity pools on the platform. To do this, we will resume funding PRF by executing NPXS buy-backs from the market.

The PRF is dedicated to encourage and incentivize future business partnerships within the Pundi X ecosystem, including partnerships with strategic businesses, merchants, exchanges, banks, and technical partners among others. The PRF has played an essential role in the rollout of our XPOS devices. Now, the function of the fund will be expanded to incentivize quality developers and projects to join the Pundi X Open Platform.

We will execute NPXS buybacks valued at 500 ETH within the week of May 13. The execution price range will be between USD 0.0005 and 0.0009 per NPXS token.

Once the buybacks are completed, the funds will be transferred to the following address for transparency: https://etherscan.io/address/0x10Ca70A39fb752c4FAd3Cf2AFa7f068DC4dfa868#tokentxns

As always, we will keep you posted on the buyback status.

Sincerely,

Zac Cheah
CEO and co-founder
Pundi X