What Is Pundi X?
Pundi X (NPXS) is a default token on the network under the same name. Its developers have made the largest decentralized point-of-sale (POS) network, attracting more and more crypto enthusiasts and traders by offering easy access to POS payment devices and a convenient mobile wallet. A peculiar feature is the integration of its devices into two blockchains at once: Ethereum and NEM.
In 2018, the anticipated ICO of Pundi’s token, NPXS, was able to reach the goal of $35 million in just 90 minutes. NPXS is used as a payment for the services on the ecosystem and as a means of reward. It acts as gas to the network, enabling transaction transfers and posting of ads, as well as identifying eligible customers.
Pros and Cons of Pundi X
Advantages of NPXS
NPXS’s client base includes various institutions and individuals like governments, payment companies, and retailers. It also advocates for financial inclusion, overcoming foreign exchange issues, and mitigating the instability of fiat currency. Currently, NPXS is represented in more than thirty markets all over the world. It has its separate projects in Brazil, Singapore, and Nigeria, as it adapts to the local regulations and needs regarding cryptocurrencies. The project is featured on the well-known sources of media like CNN, Forbes, and Business Insider. It shows that there are coverage and exposure and interest not just on the internet or among crypto enthusiasts. The website indicates that there are already plans in motion for NPXS up to 2021. Even now the token does well, being among the top-200 cryptocurrencies and represented on many exchanges.
Disadvantages of NPXS
Pundi X and NPXS face quite a number of competitors as well as legal matters of integrating this ambitious technology into real-life institutions worldwide. There’s also a low return on investment for this token, according to CoinMarketCap, so the need for NPXS is limited to the use on the platform, rather than investing and trading.