There has been an increasing interest in the NPXS tokens as the creator, Pundi X, went forward to unveil a prototype for the much-awaited blockchain powered phone. The team in the company went ahead to showcase the prototype phone, a phone they have named the XPhone. All this took place at the Consumer Electronics Show. A show that began yesterday at the Las Vegas.
The phone has been designed in a way it could be used as a simple phone, a simple Android phone, the only difference is that the phone comes with a blockchain mode, one that has been designed to use the Pundi X blockchain when making encrypted calls or texts. The phone was first announced last year in October, but the release is scheduled in the third quarter of 2019.
More on the Pundi X
The company was established to make everyday solutions that could be used in the crypto world.
At the moment the blockchain phone is one of the highest profiles that they have to date, but this is not all that the company has done as they have created smart devices that are being used in the retail businesses that are looking to start accepting the digital assets, it is the likes of NPX being used as a payment option.
The very first purchase that was made with the Pundi X crypto coin was made yesterday evening in Norway.
What you need to know about the blockchain phone
The Pundi X company has been very discreet on the specifics that the XPhone will be having, but they have been able to explain that the phone they will be launching will act as a node that will be used in a network of other phones that are on the Pundi X blockchain.
With the awaiting launch it has led to an increase in investor excitement, as a result, this has caused the NPXS price to surge in just the last 24 hours. The market cap was able to jump up to about $15m; this is between 15:00 to 16:00 GMT. All this happened just an hour before the CES had opened its doors to the public.
With the data that was gathered it suggests that the investors went ahead and used ETH to purchase the NPXS tokens, and from this is where the trading volume that was between the NPXS and the ETH suddenly increased from the levels of $7,000 to about $150,000.
It was admitted by Marcus LeBlanc who is the acting manager at the Pundi X Global support, that the prototype they have presented might not be the final look of the XPhone. However, it is not easy to separate the facts and the hype that has surrounded the phone, especially for advice that has not reached the public yet.
Nevertheless, yesterday was the very first day that the company was able to showcase their device and the viability. As this has been a sector were promises have not been fulfilled, as of now, investors feel like this company is promising and might actually deliver the needed goods to the market.