Pundi X (Old) NPXS Price

What is Pundi X (Old) (NPXS)?

Pundi X (Old), represented by the token symbol NPXS, was a cryptocurrency project aimed at revolutionizing the retail payment industry. Launched in 2017, it sought to facilitate the acceptance and use of cryptocurrencies in everyday transactions through a range of hardware and software solutions. The NPXS token originally served as a utility token within the Pundi X ecosystem, allowing users to pay for services, purchase goods, and access various functionalities on the Pundi X platform. However, in 2021, Pundi X underwent a significant rebranding and token migration, transitioning from NPXS to PUNDIX, which now serves as the primary token with updated utility and functionality.

Who are the Founders of Pundi X (Old)?

Pundi X was co-founded by Zac Cheah, Danny Lim, and Adam K. K. Kwan. Zac Cheah, a graduate of the National University of Singapore, has extensive experience in technology and entrepreneurship, particularly in the fintech sector. Danny Lim, also with a background in technology, has focused on blockchain development and strategic partnerships. Adam K. K. Kwan brings expertise in business development and finance, contributing to the project's growth and outreach efforts. Together, they aimed to create a seamless experience for cryptocurrency users and merchants, enhancing the adoption of digital currencies in the retail space.

How does Pundi X (Old) Work?

Pundi X operates through its proprietary device called the XPOS, which is a point-of-sale (POS) terminal that allows merchants to accept cryptocurrencies from customers easily. The system integrates with various digital wallets and supports multiple cryptocurrencies, making it versatile for both merchants and consumers. When a transaction is initiated, the XPOS device facilitates the conversion of cryptocurrency into local fiat currency, ensuring that the merchant receives their payment in a familiar format. Additionally, Pundi X has developed a mobile app that lets users store, send, and receive cryptocurrencies while also allowing them to purchase goods and services directly from participating merchants. The NPXS token incentivized users and merchants to engage with the platform, providing discounts and rewards for transactions conducted using the token.

Top Use Cases of Pundi X (Old)

1. Retail Payments: Pundi X enabled merchants to accept cryptocurrencies, providing a practical solution for retail environments. This helped bridge the gap between traditional finance and the burgeoning crypto sector.

2. Cross-Border Transactions: The platform facilitated low-cost, efficient cross-border transactions, allowing users to send and receive funds internationally without the high fees typically associated with traditional banking systems.

3. Token Utility: NPXS tokens were used for various services within the Pundi X ecosystem, such as transaction fees, discounts, and loyalty rewards, promoting user engagement and retention.

4. Financial Inclusion: By providing easy access to cryptocurrency transactions, Pundi X aimed to empower unbanked populations and small businesses, allowing them to participate in the global economy.

5. Blockchain Integration: Pundi X’s technology integrated with various blockchains, allowing users to transact with multiple cryptocurrencies seamlessly, enhancing interoperability in the crypto space.

How to Keep your Pundi X (Old) Safe?

1. Use Hardware Wallets: For storing NPXS tokens, consider using hardware wallets like Ledger or Trezor, which provide a secure offline environment for your cryptocurrencies.

2. Enable Two-Factor Authentication (2FA): Always enable 2FA on your accounts associated with Pundi X to add an additional layer of security against unauthorized access.

3. Secure your Private Keys: Ensure that your private keys and recovery phrases are stored safely and not shared with anyone to prevent theft of your assets.

4. Regular Software Updates: Keep your wallets and applications updated to protect against vulnerabilities and exploits that could compromise your holdings.

5. Be Wary of Phishing Attacks: Always verify the authenticity of any links or communications related to Pundi X. Use official channels to access your wallet or exchange accounts.

6. Limit Exposure: Only keep a small amount of NPXS in exchanges for trading purposes; transfer the majority of your holdings to a secure wallet.