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Category: NPXS

NPXS 2

Q3 2019 progress report AMA

Thank you for participating in the AMA session with co-founder and CEO Zac Cheah. For those of you who may have missed it, the live recording of the AMA session, tackling Q3 progress with addressing questions and concerns by the community members, can be viewed here.

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34 billion of NPXS and NPXSXEM token removed

The token removal for Q2 2019 is completed. We took out approximately 34 billion tokens (5 billion NPXS and 29 billion NPXSXEM tokens) from the total supply. The amount of the removal in this quarter is relatively high because we have included the amount of NPXS and NPXSXEM converted to FX tokens in May.

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NPXSXEM will be on Binance Chain

we are planning to migrate NPXSXEM to Binance Chain. With the migration to Binance Chain, NPXSXEM will now have utility for XEM and other Mosaic token transactions, on Pundi X payment platform as previously planned and also being able to be used for BEP2 transactions.

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NPXS buyback to incentivize quality blockchain developers to list on the Pundi X Open Platform

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.