Pundi X

Pundi X description Pundi X was one of the most anticipated ICO’s in early 2018, and despite the deteriorating market conditions, it was able to raise their goal of $35 million within 90 minutes. The project...

Pundi X description

Pundi X was one of the most anticipated ICO’s in early 2018, and despite the deteriorating market conditions, it was able to raise their goal of $35 million within 90 minutes.

The project seeks to become the world’s largest decentralized network of cryptocurrency sales, as its authors say — «The Walmart of the blockchain world.» More and more a new generation of cryptocurrency enthusiasts and traders are joining the platform for two reasons — a simple and convenient interface, as well as a functional mobile application.

One of the main advantages of the project is a very cool system of learning. All you need to do is run the program, then the system will explain all the details itself of how to operate it. Crypt-exchanges are often very complex and can confuse even an experienced investor, not to mention an ordinary user. But the Pundi X team has managed to solve this problem and created a platform that anyone can understand.

One of the startup’s most significant partners is the NEM project. As a result, it allows Pundi X to conduct its transactions almost instantly.

Pundi X team

The Pundi X team is a talented group of technologists and entrepreneurs who have everything needed to succeed. In general, the management consists of computer engineers who eventually became entrepreneurs. The only exception is the general director and founder of the project, Zac Cheah, who used to be a developer of HTML games.

The president of Pundi X, Constantin Papadimitriou, has had many successful cases of creating fintech companies and scaling them, which makes him an ideal collaborator for the project. The technical and operational director is Pitt Huang, a successful businessman.

The management team works from Jakarta, the research team is mainly from Shenzhen. The company also has offices in London, Taipei, and Singapore.

Pundi X token erconomics

As already mentioned, the project’s ICO was held in January and collected $35 million in an hour and a half. The first quarter of this year was unfavorable for the cryptocurrency, and the NPXS token slowly fell until April from $0.001 to $0.0007 — 0.0008 per coin. Later, after being mentioned in the Bancor Network, NPXS jumped to $0.004 and continued to rise to $0.015, though it later began to fall. The price of this token is now $0.00153 and the market capitalization is $175,072,401. The total coins available are 280,255,193,861 NPXS and the circulating supply is 114,412,266,966 NPXS.

Conclusion

The Pundi X team has taken on an impressive and ambitious task. However, ambitious does not mean impossible. The employees of the company have serious experience in the field of technology and finance which, in assessing the prospects of Pundi X, adds healthy optimism. If they manage to realize the idea of «buying a cryptocurrency should be as simple as buying water,» everyone will only benefit.