Pundi X (NPXS) Issues XPASS Cards in Taiwan, Sets Token Swap Deadline for September 20th
PundiX Issue XPASS cards in Taiwan as its Token Swap September 20th Deadline Hits!
The PundiX (NPXS) cryptocurrency & blockchain project is amongst the few platforms with a serious focus on integrating digital currencies with today’s real-world transactions. This is in line with the firm’s vision of an era where crypto coins will be used for official payments.
PundiX has increased its Point of Sale technology around the world by distributing more devices to serve the growing retail market. It’s the team’s intention to scale its activities to over 12 countries by distributing the Pundi XPOS. PundiX is currently making plans to deploy over 100,000 devices for this purpose in the targeted jurisdictions.
PXS to NPXS Token Swap
PundiX has announced via its twitter account that September 20th marks the last day users can swap their tokens to move with the new NPXS & NPXSXEM wave. According to the tweet, PXS Holders will get 1,000 NPXS altcoins for every PXS coin they initially had. This information has also been updated on the PundiX website to avoid any of its community members missing the deadline. Another guideline for the NEM community is available to take users through the token swap.
XPASS PundiX Cards Issued Taiwan
Crypto adoption falls among the top 3 challenges of the industry at the moment. PundiX seems to be doing better than its peers following the issuance of XPASS cards in Taiwan. This was pioneered at the Ultra Taiwan 2018 event where the participants were given the cards. XPASS works in a similar manner to topped-up cards whereby users can pay using them in daily transactions. The team is yet to officially release the details on launching the product but has expressed optimism in this milestone. In a tweet by PundiX,
NPXS Supply Reduced by 500 Million
Back in August, the PundiX team showed its commitment for the project’s goals and strategy as per the whitepaper by removing a significant amount of VPXS in circulation. Earlier on, PundiX had announced the move saying that, 100% of Pundi X’s revenue that is generated through transactions on the XPOS will be removed permanently from our NPXS token circulation. This means that if Pundi X makes $1 of revenue from a transaction, we will take $1 worth of NPXS out of circulation permanently. NPXS tokens taken out of circulation will never be able to re-enter the circulation in any way as they will no longer exist.
Therefore, it is not news to keen NPXS followers that 500,001,139 tokens were no longer in supply as of August 2018.
The NPXS Coin Market Stats
PundiX (NPXS) has been trading for almost a year now, started off at $0.0010 while its current price is $0.0014. The altcoin has not been spared by the recent market bears which saw it lose 18% in the past two weeks. It has managed a top 50 market position as of press date with a significant $147 million; this is 0.0753% of the total cryptocurrency market. NPXS is as volatile as its peer digital assets having recorded a 34% monthly volatility according to the latest stats. However, we cannot judge its value based on price action only given the strong fundamentals PundiX is establishing within its ecosystem.