The program aims to reward the crypto hardware wallet users for their transactions, fostering loyalty and growth within the Pundi X ecosystem.

6 February 2024 — Pundi X, a blockchain-based point-of-sale (POS) solution developer that helps transform retail business, has kicked off the 1st phase of the 1 billion PURSE token distribution to incentify its DePIN builders and participants, including XPOS franchisees, XPOS merchants, p(x)Card users, PURSE task achievers and more.

Pundi X’s Decentralized Physical Infrastructure Networks (DePIN) model, like traditional credit card cash back or flight mileage programs, offers benefits for both customers and merchants. Customers accrue loyalty points for every transaction, incentivizing repeat business, while merchants enjoy increased customer retention and sales. This model fosters an ecosystem where both parties gain tangible rewards from continued engagement.

Starting from February 6, 100 million PURSE tokens will be distributed from the 1st phase of the 1 billion PURSE token reward distribution pool. Phase 1 operates on a first-come, first-served basis until the entire token pool is claimed. This thrilling chapter aligns seamlessly with the use of p(x)Cards on the XPOS platform, promising a world of benefits for our community.

p(x)Card is a self-custody hardware wallet card that supports multiple blockchain networks. Built upon Infineon technologies SECORA™ Blockchain security solution and Function X network infrastructure, p(x)Card is to securely store the user’s digital assets and sign the transactions using NFC technology.

Utilizing p(x)Cards for transactions on XPOS presents an exciting opportunity for p(x)Card holders to win random $PURSE rewards, up to 5% of their spending. Accumulated rewards will be disbursed after a 7-day period, and p(x)Card holders can conveniently claim their rewards through the p(x)Card app.

Check out the tutorial video on how to participate in the activity.

“As we embark on the first phase of the one billion $PURSE token distribution, we are thrilled to recognize and reward the dedicated participants using our DePIN solution. At Pundi X Labs, we believe in fostering loyalty and growth within our ecosystem, and the decentralized nature of our Physical Infrastructure Networks (DePIN) model reflects this commitment,” says Zac Cheah, Co-Founder & CEO of Pundi X.