Welcome to the first issue of the 2020 Pundi X Insider monthly report.
We are not just finishing another month, but we are going into the last two months of 2019! But before this year’s final stretch begins, we would like to give you a quick wrap-up of all the things we did in September and October. This summary is a bit longer than usual, but we think it’s pretty exciting and worth your time to read.
The value of the total Q3 removal amount is equivalent to 4.1 million US dollars worth of value as of October 4, 2019. After the Q3 token removal, the total supply of NPXS is now 259,810,708,832.62 and the total supply NPXSXEM is 49,879,049,009.45.
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.
Traki, Venezuela’s largest chain of department stores, will be the first chain store merchant to implement the XPOS, the blockchain-powered point-of-sale device, across its 49 stores around the country.
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.
We are rolling out new exciting features and support in the XWallet app, including Telegram chat, Crypto Gift, QTUM support in the virtual card, improvements of user experience and more. Meet XWallet 2.0. In this version, it has integrated with instant messaging app Telegram, allowing users to send and receive tokens while chatting with others. The supporting tokens for this new feature include BTC, ETH, NPXS, BNB, XEM, and NPXSXEM.
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 announced that XEM, the native currency of NEM blockchain operated by non-profit organization NEM Foundation, will be available on Pundi X payment platform from July 1, 2019. The team is also in the progress of integrating Mosaic token support on its Open Platform.
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 […]
Pundi X and DigixGlobal Pte. Ltd. (Digix) today announce the official launch of DGX in the Pundi X payment system. The listing of DGX allows users of the DGX card to pay for their transactions using DGX at any XPOS-enabled counters.
Last month, our distribution partners launched a limited edition of the XPASS card and extended the reach of our blockchain technology to South Africa. The XPOS became the first blockchain device to receive the CE and TRA certification which will play a crucial part in a number of initiatives which we are rolling out. For more details of activities and progress in April, read on.
It’s just the first quarter of 2019, but we’ve been on a roll. From implementing a more rigorous KYC mechanism on our platforms, adding distribution partnerships in new countries, participating in key FinTech events to achieving 100,000 registered XWallet users, the Pundi X team continues its commitment to bring blockchain technology into people’s daily lives. Check out what we have been up to in March.
[ANN] Accelerated unlock and changes to the release times of monthly NPXS and NPXSXEM unlocked tokens
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.