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,

We are relieved to see XPASS cards well received by @UltraTaiwan 2018 participants. Busy transactions, happy merchants and customers All efforts paid off! #npxs #pundix #blockchain #payments

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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,269FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

Digital Assets Beat Traditional Assets by a Wide Margin & Ethereum Outperforms Bitcoin

In 2020 to date, Bitcoin has seen a positive performance of 80% and Ethereum 217%. With these gains, digital currencies are leading this year, with...

Filecoin Miners Will Receive 25% Of The FIL Rewards Immediately After A Successful Network Upgrade

Filecoin (FIL) miners set to receive 25% of their rewards instantly for miners that successfully activated the FIP-004 protocol at block number #170,000. Given...

PayPal Exploring Acquiring Crypto Companies, Already in Talks with Bitcoin Custodian BitGo

PayPal is now exploring acquisitions of crypto companies, including bitcoin custodian BitGo, reported Bloomberg. This week, Paypal announcing support, buy, sell, and hold for cryptos...

Bitcoin Is Having A “Sell-Side Liquidity Crisis,” As BTC Buyers Outweigh the Sellers

After an explosive start of the week that took us to a 13-months high of $13,300, Bitcoin is taking a breather just under $13,000. Interestingly,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today