Pundi X is a cryptocurrency project from Singapore. Its main goal is providing a cryptocurrency service with wide adoption and simplicity for everyday use. The project currently aims at the South-East Asia market. The reason is financial underdevelopment: 73% of the SEA population don’t have a bank account.
Their key product designed for improving crypto adoption is XPOS. It is a point-of-sale terminal allowing crypto payments in any kind of B2C business: grocery stores, restaurants, gyms and so on. XPOS looks much like a simple cashier terminal but works with the Ethereum platform allowing quick and easy payments in crypto. The company is planning to ship 100 000 devices in the first three years.
Pundi X is based on the Ethereum platform. The project’s native token is called ‘Pundi X’ (the ticker is NPXS). It is an ERC-20 token designed to support the ecosystem and help it to develop.
The project was first announced on March 8, 2018. The presale started in September 2018 and finished on the ICO date — January 21, 2019. Since then, NPXS got listed on 24 major exchanges.
Pundi X (NPXS) Technical Features
Pundi X has a quite sophisticated distribution policy. Upon the ICO, the purchasers only got 30% of the amount they had previously bought. The rest is enrolled monthly according to smart contracts users must sign on a regular basis. But the main requirement of these contracts is that a user must hold the amount through the whole 3-year period. On top of that, NPXS is not mined, it only can be bought. Technically it works with the Proof-of-Stake algorithm but it cannot be earned by staking.
As was said, Pundi X works on the Ethereum platform, but it also involves different financial institutions for crypto and fiat conversions and transactions. In order to gain the support of fiat financial organizations, Pundi X runs a policy of transparency. As a part of it, everyone who wants to sign in the Pundi’s ecosystem must go through a KYC control procedure. On top of that, the platform is open for developers, so anyone can make an app for XPOS for NPXS charges. Also, NPXS is the native token for in-app transactions.
Also, it’s curious that Pundi X is one of the few cryptocurrencies that pick offline as the main promotion space.
Pundi X (NPXS) Market Features
As of this writing in December 2019 Pundi X price is $0,000152. The all-time high was $0,015621 on the 17th of June, 2018. The all-time low was reached recently on the crypto market drop: NPXS price was $0,000127 on November 25, 2019. 234 562 817 276 NPXS is in current circulation with the total supply of 259 810 708 833 NPXS. The maximum supply was never announced, but it is not clear how new coins will be issued. Pundi X has $35 720 658 of the market cap which allows it to take line 98 in CoinMarketCap’s crypto rating by market cap.
It’s remarkable that the NPXS price was harshly fluctuating during the presale but after the ICO it took the sideway where it stays till now. On top of that, the market cap is constantly changing.
Pundi X News
Pundi X Announces A Blockchain Smartphone
One of the loudest Pundi X news is the announcement of their BOB Smartphone. BOB stands for ‘Blok on Blok’ and means that this phone is fully powered with blockchain technologies. Pundi’s representatives showed the first prototype on the IFA trade show in Berlin that took place from the 4th to the 9th of September 2019.
Ingenico and Pundi X Made a Partnership
One of the biggest fintech giants Ingenico reached a partnership agreement with Pundi X. The point is to make crypto transactions possible all over the world with high speed and ease of use. The two companies are working on the integration of Pundi’s POS-soft with Ingenico’s devices.
Pundi X Gets Integrated With Samsung Blockchain Wallet
South Korea’s electronics giant made an agreement with Pundi X in August-September 2019. The main point is joint work on the Samsung Blockchain Wallet — an official pre-installed crypto wallet for Samsung mobile devices.
Pundi X Price Predictions
A cryptocurrency analysis portal Crypto-Rating has a Pundi X price prediction saying it will go bullish within the next 6 months with a bearish trend. According to this forecast, NPXS price will be around $0.000734 by the end of 2020.
This portal predicts that Pundi X price will continually decrease through 2020. Wallet Investor has a very negative forecast: the final price at the end of 2020 is said to be below $0.00005.
The price prediction for Pundi X by Cryptoground crypto portal is quite optimistic. It states that NPXS will rise throughout the 2020 and continue the bull run within the next 5 years. According to it, Pundi X will reach $0.0007 by the end of 2020 and $0.0061 by the end of 2024.
Coin prediction portal Tradingbeasts has an optimistic view on Pundi X price prediction. This website’s forecast says that Pundi X will have an average of $0.0004105 at the end of 2020, $0.0004950 at the end of 2021 and $0.0005562 at the end of 2021. This means the overall growth by 262%.
Steemit cryptocurrency predictions blog has a Pundi X price prediction with a highly optimistic forecast. It states that NPXS value will have a $0.11 minimum, a $0.16 maximum and a $0.13 average at the end of 2020. It also predicts a $0.18 average in December 2021.
Cryptoinfobase made an analysis article on Pundi X price and market positions in 2019 and 2020. It has a conclusion that NPXS will cost between $0.0018 and $0.001 in the middle of 2020.
Bitverzo machine forecast service has a quite modest prediction for Pundi X price in 2020. It says the NPXS average cost will be $0.000127 at the end of December 2020. Before that, it will experience mild fluctuations all over the year with a negative result in the end.
The crypto forecast portal Oodltrack has a positive trend in its Pundi X price prediction. It says that its price will go on a strong bullrun in the next 6 years reaching $0.002179 in 2020 and $.0.016735 in 2025.
According to the Tronpriceprediction’s article published in February 2019, NPXS will soar quite high. It states that the Pundi X coin will cost $0.00109 in June 2020 and $0.00132 in December 2020.
Pundi X (NPXS) Price Prediction Verdict
Before we make any conclusions it must be clarified that this article is not financial advice. Before making an investment, make your own research.
First of all, we would like to point to some factors that make an impact on the Pundi X price.
High level of support from community which resulted in early listing on several major exchanges like Binance and Kraken.
Partnership agreements with several financial companies, both crypto and non-crypto: Stellar, NEM, Qtum, Ingenico.
Solid marketing guidelines and goals of improving mass crypto adoption in the business community.
Numerous strong competitors.
The project is based not only on decentralized solutions but on centralized ones: hardware production and support, client base management etc.
The main purpose as a payment method, which means NPXS price might not grow to high levels.
However, the Pundi X project seems promising. It has high goals, a clear focus on their target audience and interesting solutions in the crypto segment. This all makes Pundi X a quite curious option of investment that may blast in the near future.
How to Buy and Store Pundi X (NPXS)
If you decide to pick NPXS as an investment, you need to buy and manage it somehow. Atomic wallet is one of the most comprehensive and trusty ways to control crypto assets. It is a decentralized service supporting over 300 coins and tokens. It is performed in different interfaces: desktop for Windows, Mac, Ubuntu, Debian, Fedora and smartphone apps for Android and iOS. Atomic is quick, simple and free to install.
One of the main Atomic project focuses on is security. All the traffic runs encrypted which makes any kind of fraud nearly impossible. On top of that, users’ private keys never leave their devices. As a result, the service has a great reputation: for example, it is rated with 5 stars on Trustpilot.
Atomic wallet also features a built-in service for quick crypto purchase. It allows fast and simple buying crypto with a plastic card. Best rates and caring support are also included.
How to Exchange Pundi X (NPXS)
It is important to know that Pundi X can’t be bought with common services. You need to get it from holders through an exchange. In other words, NPXS can only be traded. Atomic wallet can help you with this.
Atomic wallet has a built-in service for quick crypto assets exchange. All you need to use is going to the ‘Exchange’ section. Then you need to pick the trading pair: choose the asset you want to send on the left and the one you would like to get on the right. Type in the amount you want to send. After that, the service will display the approximate resulting amount immediately. If you find it profitable, just hit the ‘Exchange’ button and the process will be executed. It takes 5 to 20 minutes in average. When it’s over, you will get the notification about enrolling crypto on your Atomic wallet.