Pundi X is a blockchain platform that aims to commercialize the use of cryptocurrencies and digital assets. It offers a solution to make crypto relevant and accessible for mainstream use by providing a retail POS gateway for cryptocurrencies. The platform includes a mobile wallet, smart card, and POS terminal called XPOS, which supports instant payments and multiple cross-chain currencies, including Bitcoin. PUNDIX is the ecosystem’s utility token, powering the network and supporting its economy.
Pundi X (PUNDIX) is a blockchain-based platform that aims to make cryptocurrency payments more mainstream. Here are the key ways PUNDIX is used:
Payment Token: PUNDIX is the utility token that powers the Pundi X network, enabling transactions and supporting the economy. It is used for settling payments within applications published on the Pundi XPOS app store.
Staking: PUNDIX can be staked in the XWallet, which is another use case of the official wallet aside from holding crypto and connecting to the XPOS and XPASS smart card. Staking rewards users with cryptocurrency.
App Development: Developers need PUNDIX tokens to publish applications on the Pundi XPOS app store, which targets retailers with various services such as wallets, loyalty programs, and financial services. The Pundi X contract burns these tokens.
Advertising: Advertisers can place ads on Pundi XPOS devices globally, with the ad content and placement being consumer-focused and appearing on receipts.
Loyalty Rewards: PURSE tokens are used as loyalty rewards, encouraging consumers to use Pundi X for purchases and helping store owners increase revenue and customer satisfaction.
Point of Sale (XPOS): PUNDIX is used to facilitate transactions on the XPOS, a blockchain-based point-of-sale system that enables retailers to accept digital currencies.
- Mobile Payment Integration: Digital wallets with Pundi X support can buy, spend, and accept digital currencies, making transactions seamless and convenient.
Overall, PUNDIX is the central token that drives the Pundi X ecosystem, supporting various use cases that promote mainstream adoption of cryptocurrency payments.
To store Pundi X (PUNDIX) tokens, you can use Atomic Wallet, which supports PUNDIX as an ERC 20 token. You can send and keep PUNDIX tokens in Atomic Wallet.
To buy Pundi X (PUNDIX) tokens, follow these steps:
Choose a Platform: Select a reliable exchange that supports PUNDIX trading. Popular options include KuCoin, HTX, WazirX, Binance, Upbit, and Uniswap.
Create an Account: Register on the chosen exchange, providing the necessary personal and verification information.
Deposit Funds: Deposit fiat currency or a supported cryptocurrency like Ethereum (ETH) or Tether (USDT) into your exchange account. This will be used to purchase PUNDIX.
Place a Trade: Navigate to the trade section and search for PUNDIX. Enter the amount you want to buy, and select your payment method. Confirm the trade, and the PUNDIX tokens will be transferred to your exchange wallet.
Withdraw to a Wallet (Optional): For long-term storage, consider transferring your PUNDIX tokens to a hardware wallet or a self-hosted wallet for added security.
Remember to follow the specific instructions and guidelines provided by your chosen exchange, as the process may vary slightly.