Dear Pundians,

The token removal for Q1 2021 is completed. Thanks to the growth of XPOS, XWallet, merchandise sales proceed plus the tokens contributed to the poll, the USD value of the Q1 2021 removal is 662% higher than Q4 2020 (from 6,300 to 48,000 USD). We took out approximately 15.3 million tokens (7 million NPXS and 8 million NPXSXEM tokens) from their respective total supplies. Since NPXS is now Pundi X, we swapped 7,055,787.1456 NPXS for 7,055.7871456 PUNDIX tokens and remove it from PUNDIX total supply.

After the Q1 token removal, the total supply of PUNDIX is now 258,491,637.231924396 and the total supply NPXSXEM is 44,762,598,386.83.

Here are the links of the execution hashes:

https://etherscan.io/tx/0xcf9a67ab6e89470656e44cfec6a461927a0f3a55e23f518b514469f0bc21d270

7,055.7871456 PUNDIX tokens were removed from its total supply permanently.

Also, 8,323,529.41 NPXSXEM tokens were taken out from its total supply permanently. You can check out the execution on Binance Chain at https://explorer.binance.org/tx/5A3732738FABBD8E5013AB794B2D67011AAFCDD130D4964548E57A51154837AE

Q2 2021 token removal schedule

The supply of PUNDIX and NPXSXEM tokens are deflationary based on the utilization across Pundi X products and services and not mintable. The team has removed token supply since 2018. As of today, we’ve removed tokens totaling $50 million in USD value. To know more about Pundi X token’s redenomination, removal and buy back, you can read this article.

The Q2 removal is planned in the second week of July 2021.

Please note that the schedule is subjected to change. Do stay tuned for our latest announcement across our official social media channels (TwitterTelegramFacebookInstagramYouTube and Medium).