Pundi X 🏃 The Journey Has Begun💱 A Project For Mass Adoption Of Cryptocurrencies 🚀
Dear Steemit friends,
i follow Pundi X since the ICO in January 2018 and i must admit it's one of the few projects which making staggering progress each month, each week.. and even each day. Just today they released a video which shows the preparation for mass production of their XPOS devices you can watch here:
CLICK IMAGE to see video on Twitter
source: Pundi X
One man, one mission
FAQ from Pundi X telegram group - video by Pundi X Labs
"Buying cryptocurrency should be as easy as buying a bottled water"
These devices are the tool to bring crypto to the world. Because when they reach thousands of retailers worldwide the mission "crypto adoption" starts!. Current plan is to distribute 100,000 XPOS in 12 countries with utilization of 1,000 customers per XPOS in less than one year. Zac Cheah (CEO) confirmed that the demand for their devices is much higher than expected. There are numerous preorders from already 4 countries and just now they preparing the first 500 for delivery.
Pundi-Pundi | Already Successful Business
Zac Cheah has a long and successful history:
Zac has been instrumental in the successful roll out of Pundi-Pundi in Indonesia which is now the leading offline payment application in Indonesia.
CLICK IMAGE! to visit Pundi-Pundi
Prior to his current role, Zac was W3C Chair of HTML5 Interest Group. W3C is the international body that standardizes the web standards everyone uses to go online. During his time with W3C he chairs the HTML5 Chinese group of 700+ engineers. He was a scholarship recipient at Sweden KTH (M.Sc Computing) and Norway NTNU (M.Sc Security). Zac has spent 12 years in tech and is a sports fan from Malaysia.
source
Running at full speed!
What i admire the most is the shear high speed Zac and his team is acting. Almost each day there are significant news updates for:
- partnering with other coins, dealers
- meetups & conferences
- production rollout
and the CEO is also sometimes present on Telegram for a quick talk! That is something i take not for granted. Do you know how many projects out there acting like shady puppets, hiding in the darkness after taken your money from an ICO or token sale?.. not just a few.
Monthly airdrops rollin' in - financial incentives
At the same time the monthly airdrops of currently 7.316% of owned tokens rolled in wallets of investors today after the snapshot at the end of May and will continue the next 2.5 years til end of 2020 with yearly decreasing rate (2.11637% | 0.88187%). Pundi X even provide a token calculator on their website to see which impact the aidrops have on your investments (didn't know until now - nice tool 😉). Even now it would be more than double the token amount til end of 2020.
CLICK IMAGE to visit token calculator for NPXS
This was initiated to motivate investors not to cash out or leave the project after first exchange which we see often in other projects just to play a quick pump&dump scheme. In Pundi X's case the airdrops are significantly and worth about 200% of the initial investment (public sale) assumed a constant price without any value appreciation. This is something a long term investor is looking for or in other words incentivizes people to hold the NPXS token. Beside that Pundi X initiated buybacks packages of 200 ETH (partnership reserve fund) or more which decreases supply and increases the price automatically. Additionally when the XPOS will be in use each transaction will burn some amount of NPXS as transaction cost with a equal effect like the buybacks.
Walk the Talk
A good example to see the progress of the team around Zac Cheah is also the Instagram feed. There are a lot of real world impressions:
The proof of that was also the event of the token swap from PXS to NPXS (which is still ongoing). Zac listened to the community on Telegram. Many advised (including me) to postbone the swap because of not planned heavy trading on decentralized exchanges like EtherDelta and he did what was recommended by the community.
Marketing for free like Tesla
Soon we'll see hands-on videos from shops all around the world. The exciting thing for me is this is a well grounded business in my eyes with clear goals and a fully working product. The best thing.. to repeat that, Pundi X drives mass adoption for cryptocurrencies, not just Bitcoin, it will support all currencies which are technical spendable and demanded by customers in the future. If we look at the current partnerships there are many well known names:
and not so well known (for me):
Any Pitfalls for Pundi X?
I think there are many possible events could happen like for each project now, to name a few:
| challenge | solution |
|---|---|
| regulation regarding acceptance of cryptocurrencies in a certain country | customized XPOS functionality through software which is compliant with jurisdiction of a certain country |
| competitors like VISA, MasterCard or TenX take market share | Pundi X is a complementary product because it not depends on VISA and MasterCard |
| maybe shops don't want XPOS | currently they snatch them out of their hands! Demand is much higher than available devices 😁 |
| utility token NPXS has no usage | XPOS use NPXS for transactions and NPXS will be burned, creating more demand |
| cryptocurrencies could die completely! | that would be the end of the world and there would be no salvation! 😂 |
Fun Factor - Price Prediction
There is a website called coinliker.com and if you follow the link you'll find a quite crazy! price prediction for Pundi X. Honestly i take a dim view on the prediction model behind. I assume it depends mostly on the price per token which is in this case for NPXS very low but there is also a huge supply of about 68 billion.
Based on the 1-year forecast it would be a 43-bagger in June 19. This is the time when Pundi X has at least 100,000 XPOS distributed to grocery stores and running. But is this enough to get such a price per token? I don't think so. I checked also other coins on the site and even the biggest scam B*********************t is called a fantastic investment .. no i buy no s**t coin.. BUT everything is possible in crypto space as we know from December last year.. at least for a very short timeframe. Look at it with a twinkling eye 😉 and have just fun!
As you can see i'm very optimistic on Pundi X and their mission and so one important note!
"This is no financial advice and just my opinion. You're fully responsible for your investments and money."
What do you think about Pundi X?
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Exciting times ahead steemit friends!
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lovely informations for steemit
thank you for sharing
resteem
Great information @onetin84. I appreciate your work. ☺
Its really good for steemit.
Pundi is the key of success for steemians.
Thanks for sharing this post.
good news! success for Pundi!
yes, a promising project i think, but we'll see what happens. Thanks!
I believe Pundi is the Visa of the blockchain, is going to be HUGE!
It could be one of the gamechangers for the whole crypto space. Currently bridge builders like Pundi X are the most needed pioneers to get attention trust of regular people, which represent 99% of worldwide population. My hope is that in a few years we see XPOS in every country around the world to push cryptocurrencies forward!
interesting project this one seems thanks for sharing the updates
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