pundix

What is Pundi X (PUNDIX)?

Pundi X is a prominent developer of blockchain-integrated devices that seeks to revolutionize retail businesses with its innovative point-of-sale (POS) solution built on blockchain technology. Established in 2017, the company introduced the world's first POS solution in January 2018 through an initial coin offering (ICO). Pundi X has successfully rolled out retail-focused services such as XPOS, XWallet, and XPASS, in addition to the world's inaugural blockchain phone, BOB. Headquartered in Singapore, Pundi X has distributed its XPOS devices to over 25 markets, including the United States, Spain, Argentina, Korea, Australia, Colombia, and Taiwan.

While we cannot give you a PundiX price prediction, you can however check for yourself its current price at Binance, Bitrue, Bitget, Hotcoin, and SuperEx.

Pundi X Founders

Zac Cheah and Pitt Huang established Pundi X in 2017, following their initial meeting in an HTML5 Interest Group back in 2012. The pair aimed to incorporate cryptocurrencies into people's daily routines. Zac Cheah, who currently holds the position of CEO at Pundi X, has a background as the W3C Chair of the HTML5 Interest Group. An accomplished coder, Zac earned his Master's in Computing from Sweden's KTH Royal Institute of Technology and a Master's in Cybersecurity from the Norwegian University of Science and Technology.

Pitt Huang, the CTO and COO of Pundi X began coding at the age of 10 and developed space games in high school. A seasoned entrepreneur and investor, Pitt founded and sold his first Groupon-style company to Baizhu in 2008 at the age of 25. He has also established and sold several other businesses, including a 200-person company.

Pundi X's Unique Approach

Pundi X aims to make cryptocurrency accessible to everyone. Unlike other projects that strive to surpass the banking system, Pundi X focuses on simplifying retail business transformation. Pundi X has developed a blockchain payment ecosystem consisting of XPOS, XPASS, and the virtual XWallet. The XPOS is the world's first wireless POS system for cryptocurrencies, enabling retail merchants and consumers to easily conduct transactions using digital assets in physical stores. Engineered to support every cryptocurrency, well-known digital currencies such as Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX) are seamlessly incorporated into the system.

The XWallet mobile application links conventional digital asset wallets with the Pundi X payment network, providing users the ability to oversee their digital assets, move money, review balances, and replenish supported cryptocurrencies. A virtual XPASS card is granted to each XWallet user upon registration. In June 2019, Pundi X introduced the Open Platform to accommodate additional blockchains, which allowed DeFi creators and initiatives to enlist and incorporate their ERC20 tokens into the Pundi X ecosystem, thus broadening its utilization.

Pundi X Pros and Cons

Pros:

• Innovative blockchain-based POS solution
• Wide range of supported cryptocurrencies
• User-friendly XWallet mobile app
• Successful integration of retail services

Cons:

• Limited adoption in some regions
• Dependence on regulatory acceptance
• Competition from traditional payment systems
• Token is inactive
• Mint function is present

Pundi X Review

Pundi X offers a unique approach to integrating cryptocurrencies into daily life with its innovative POS system and user-friendly mobile app. The company has successfully launched retail-centric services and expanded its reach across various markets.

However, Pundi X still faces challenges in terms of adoption and competition from traditional payment systems.

It's worth pointing out that our security review has uncovered that the smart contract seems to be inactive. This means that either operation has completely stopped, or there is a lack of market data for it to be shown on verified exchanges. This is a security risk. Another risk we've detected is the presence of a mint function we've found on the contract.

Is Pundi X a Scam?

Pundi X doesn't seem to show signs of being a scam. The company definitely has value in its innovative products and a clear vision for making cryptocurrencies accessible to everyone.

However, it is always best practice to verify the information on what you've read or what you've seen for yourself. Scams and honeypots are everywhere in the crypto market. Making sure you are updated on the latest news and double-checking the team behind the project and its status is essential before making any investment in any blockchain project.

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