Pundi X: Cryptocurrency That Surged 5x in 7 Days

Pundi X, which is the leading blockchain-based, global point-of-sale (POS) solutions provider has given a return of 510% in seven days. This crypto enables the retail stores to conduct transactions in cryptocurrencies. Very recently, Pundi X has announced a buy-back program for company holdings in NPXS tokens after a huge demand for its technology.

Pundi X has planned to launch cryptocurrency point-of-sale (PoS) machines in India later in 2018. The payment network can convert the cryptocurrencies into fiat currencies or into a local currency in the short term. Therefore, the actual transaction can be settled in the local currency. Additionally, Pundi X devices will support all major cryptocurrencies including Bitcoin, Ethereum, Litecoin etcx.

Pundi X Price Chart

Currently it is trading at $0.004335. In 24 hours it has given the return of 25.93%, has made a low of $0.003427 and a high of $0.005172. This means that this is highly volatile.

Recent Developments in Pundi X

Pundi X has planned a buy back equivalent of 2000 Ethereum (ETH) in NPXS token company holdings. However, this will be subject to a staged roll-out. The buy back is planned to fund a Partnership Reserve Fund for further company’s growth after the high interest in its devices from the global retail sales market. The Partnership Reserve Fund is formed to allow Pundi X to expand its global blockchain network, as well as to encourage and incentivize new business partnerships within its ecosystem. This is to be done without exhausting its supply of reserved tokens. In addition, Partnership Reserve Fund will also be used to subsidize the roll-out of XPOS devices, cover transaction fees, incentive bonuses, marketing costs, listing costs and even airdrops to the new users and merchants.

Moreover, the company has planned to ship 4,000 pre-ordered units in the second quarter of 2018, which is a part of commitment of 20,000 devices from the partners at the NEM foundation. The recent sales and yet to be announced deals are already achieved in one-quarter of the low-end three-year target for global distribution just months after the public token sale in January.

PXS token split/swap

As per PXS token split/swap, for every PXS token that you own, the investor will get 1000 the-new-PXS tokens. The-new-PXS tokens after split will function exactly the same way except that it is a 1/1000 denomination of PXS. The PXS:the-new-PXS swap smart contract had started on 20th March, 2018, which  means that PXS holders can swap at would receive the-new-PXS tokens in return. Moreover, the exchange partners and community members had given the support for the swap.

Meanwhile,on 1^st February, on the split day, there was high trading volume in P2P crypto exchanges than usual as the traders were continuously selling and buying the PXS tokens.

Overall, Pundi X is a high-risk 1-year investment option. The crypto is highly volatile and gives an impressive return in a day only.