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.
Japan is where the most innovative technologies gather, including Pundi X’s advanced blockchain technology, which appeals to the younger generation. It is our mission to popularize crypto for mass adoption and we believe that being appealed to the cutting-edge technology is an important factor results in the future developments.
At Comic Market 96 on Aug 12, the world’s largest comic on-the-spot sale event with the number of visitors at around 730,000, held in Japan, we have made the first XPOS crypto transaction.
Over the last month, we hit several milestones — from being Samsung’s first fintech app in its blockchain ecosystem to organizing meetups in five cities across the globe, and so much more in between. Allow us to walk you through the specifics.
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.
The live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. You may also find a summary of the Q2 progress presentation as well as all the detail Q&A.
We are pleased to announce that Virtual Rehab has signed up for Open Platform, which integrates the Virtual Rehab token or VRH into our global payment ecosystem.
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.
We are excited to announce that KuCoin has signed up for Open Platform, allowing its native token, KuCoin Shares or KCS, to be used in our global payment network. This means that KCS can now be used as a payment option at all XPOS merchants, as well as be carried on XPASS cards and the XWallet app. It joins other […]
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 token removal for Q1 2019 is now completed. On May 11, we took out a total of approximately 14.5 billion tokens (7.5 billion NPXS and 6.9 billion tokens NPXSXEM) from the supply as announced.
Pundi X has been tapped as a partner for the futuristic city development in Phnom Penh — the 100-hectare mixed-use private development project in the Cambodian capital whose digital infrastructure will be permeated by blockchain.
A busy February saw us bring on a host of new XPOS merchants, new features for the XPhone and intended compliance updates to adhere to the everchanging regulatory landscape ahead of the launch of the Function X.
To better comply with ever-changing regulatory requirements, our legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019.
Is 2019 going to be a bear year or a bull year for cryptocurrencies? I’ll leave the prognostication up to the crystal ball gazers. But what I can say with certainty is that 2019 is going to be a year of more aggressive regulatory development governing crypto and increased scrutiny of crypto-related businesses.
Thank you for participating in the AMA session. Please find a summary of Zac’s answers below (some answers have been lightly edited for clarity and conciseness).
blog.pundix.com 