Pundi X Labs Private Limited is a registered private limited company in the Isle of Man, which is the legal entity that owns the Pundi X POS device, and also takes responsibility for PXS Tokens issuance, distribution, management, disposal of tokens and other business activities.
Pundi X is expected to become the world’s largest decentralized, offline cryptocurrency sales network. It is ‘decentralized’ because the ecosystem and transaction records live on the blockchain. It is ‘offline’ because their entry point is via Point-of-Sale (POS) devices installed in physical outlets. Pundi X devices allow users to buy cryptocurrency anywhere and anytime.
“We believe that almost everyone can benefit from owning and using cryptocurrency, and in this document we will explain its various uses as well as the safety precautions built into Pundi X.”
Pundi X Strengths
Pundi X POS device – a physical machine that uses his XPlugins and connects to the Ethereum blockchain. This device is available in convenience stores and retailers near you, connecting together to form the world’s largest offline sales network.
Pundi X blockchain – based on the Ethereum blockchain. Smart contracts are used to store transactions and credit rating data which is then held in the blockchain, ensuring a high degree of trust in this decentralized and secure network. All Pundi X POS devices have XPlugins.
PXS tokens – the “gas” that powers Pundi X. Sellers must purchase PXS tokens in order to list their goods, services or cryptocurrency. As the number of Pundi X POS device grows, so will demand for PXS. 30% of PXS will be distributed in the upcoming ICO with the rest distributed to PXS holders over the following three years
What is Pundi X POS
The Pundi X POS is a smart device that is built to distribute cryptocurrency and is connected to the blockchain, so that each transaction is recorded. Consumers use Pundi X POS to: – buy BTC, ETH, LTC, PXS and cryptocurrency using cash or card – sell BTC, ETH, LTC, PXS and cryptocurrency for cash – top up fiat money in a digital wallet – buy utilities and services, e.g. electricity using cryptocurrency * – buy physical goods using cryptocurrency * Since each Pundi X POS device is connected to the web, software and feature updates can be performed remotely.
PXS is the token used for Pundi X. ICO investors who hold PXS are rewarded by the long term growth in its value. They can also use PXS as “gas” to fuel transactions and advertisements in the Pundi X ecosystem. For example, people who want to use the Pundi X sales network will have to buy PXS. As the Pundi X ecosystem grows, so will the demand for PXS and the earliest investors will stand to benefit most.
Pundi X has been launched by the Wokoworks team which has already developed highly successful digital wallet apps for South East Asian markets that have grown rapidly to become some of Indonesia’s largest Pay-by-QR applications
- Token PXS
- Supply 175,000,000
- Platform Ethereum
- Accepting ETH
- 1 ETH = 500 PXS
- HARD CAP = 280,000 ETH