The result of the voting survey serves an important indicator that the proposed new NPXS monthly unlocked token mechanism is the preferred way to define and distribute our monthly unlocked tokens going forward.
You’ve asked and we’ve listened. Many of our NPXS holders have suggested a change to the current methodology of releasing monthly unlocked tokens. The suggestions for improvement lean towards favoring long-term holders, including taking several random snapshots or distributing unlocked tokens according to the length people have held Pundi X tokens.
We are restructuring, re-coding and re-engineering a new way to support the blockchain ecosystem.
In August, we start shipping our XPOS devices in a larger scale. It’s a new era of the Pundi X project, six months after the completion of our public token sale. You will begin seeing merchants and others using our XPOS in the launch markets listed. This also means the beginning of revenue generation from cryptocurrency transactions and a reduction in the total supply of NPXS as we have outlined in the blog post here.
Pundi X will list on OKCoin Korea. Starting from 16:00 KST (GMT+9) on July 27, NPXS will be available to trade on OKCoin Korea. The deposit starts at 00:00 KST (GMT+9) on July 27.
It’s time again to prepare to receive our monthly unlocked tokens. Entitlement to token ownership is tied to each token holder, regardless of where they first obtained NPXS or PXS tokens.
As you know late last month we began shipping over 500 of our XPOS devices to select locations around the world for pilot testing. Today we reveal the first locations to install our XPOS and begin allowing customers to make purchases with XPASS cards in a series of top restaurants in Hong Kong.