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What is Pundi X?

Pundi X is a blockchain-based payment infrastructure project focused on bringing cryptocurrency transactions to physical retail environments through its proprietary XPOS point-of-sale devices. The project was founded in 2017 by Zac Cheah, Pitt Huang, and Danny Lim, with headquarters in Singapore and operations spanning Asia, Europe, and the Americas. Cheah, a former Yahoo! engineer and chair of the W3C HTML5 Interest Group, leads the company as CEO, while co-founder Pitt Huang serves as CTO. Pundi X raised approximately $35 million during its 2018 token sale for the original NPXS token, which was later converted to PUNDIX at a 1,000:1 ratio in a token swap completed in March 2021. The swap migrated the asset from Ethereum to the Function X blockchain, Pundi X's own Tendermint-based Layer 1 network designed specifically for payments and decentralized communications. The PUNDIX token serves as the utility and governance asset for the ecosystem, while NPXS holders received f(x)Core (FX), the native gas token of the Function X chain. Pundi X has deployed thousands of XPOS devices across more than 30 countries, partnering with retailers, franchises, and crypto exchanges to enable in-store crypto acceptance. Notable integrations include partnerships with Ultra (gaming), Binance (through listing and integration), and various regional merchants in South Korea, Taiwan, Indonesia, and Switzerland. The project attracted significant mainstream attention in 2021 when Venezuelan airline Caleta launched a pilot using XPOS to accept cryptocurrency ticket payments, and when major Asian franchises began accepting crypto via Pundi X hardware. Pundi X has also ventured into telecom through XPhone, a blockchain-based smartphone concept, and XPASS, a contactless crypto payment card that functions alongside the XPOS network. Controversies have included criticism over the 1,000:1 token swap ratio, which some holders initially viewed as unfavorable despite the mathematical equivalence, and general skepticism about retail crypto payment adoption velocity across the industry. The token trades on major exchanges including Binance, KuCoin, and Gate.io, and is frequently tracked alongside other payment-focused cryptocurrencies like Utrust and COTI. Function X, the underlying blockchain, supports smart contracts, staking, and cross-chain bridges, positioning Pundi X as more than just a payment processor but as a full-stack blockchain ecosystem. The team continues to expand merchant acquisition efforts and has open-sourced parts of the Function X codebase to attract developer participation. Pundi X remains one of the few cryptocurrency projects with verifiable hardware deployed in live retail environments, distinguishing it from purely software-focused payment competitors. Current ecosystem priorities include scaling Function X validator participation, expanding XPOS merchant coverage in emerging markets, and integrating stablecoin rails to reduce volatility risk for retailers. While retail crypto adoption has progressed more slowly than the 2017-2018 cycle's optimistic projections, Pundi X maintains an active product roadmap and continues to be cited in discussions of tangible Web3 infrastructure. Investors evaluating PUNDIX typically weigh execution risk in merchant sales cycles against the project's relatively mature product suite and demonstrable hardware presence.

Key Features of Pundi X

• XPOS Hardware Terminals: Pundi X manufactures and distributes physical XPOS devices that allow brick-and-mortar merchants to accept cryptocurrency payments directly at checkout. These Android-based terminals support multiple digital assets, print receipts, and integrate with existing retail workflows without requiring technical expertise.
• Function X Blockchain: PUNDIX operates within the Function X ecosystem, a Tendermint-based Layer 1 blockchain built for payments, smart contracts, and decentralized communications. The chain supports staking, governance, and cross-chain bridges to Ethereum, giving PUNDIX utility beyond simple transfers.
• Multi-Currency Support: The XPOS ecosystem natively supports a wide range of cryptocurrencies including BTC, ETH, BNB, stablecoins, and exchange-specific tokens. Merchants can choose which assets to accept and can auto-convert receipts into preferred settlement currencies to manage volatility.
• XPASS Contactless Cards: XPASS is a physical NFC-enabled card that links to a user's crypto wallet, enabling tap-to-pay functionality at any XPOS terminal. This bridges traditional contactless payment UX with on-chain settlement, making crypto feel familiar to mainstream consumers.
• Merchant-Friendly Integration: Pundi X provides a turnkey solution requiring minimal onboarding, with merchant dashboards, inventory tools, and transaction analytics built into the XPOS system. This lowers the barrier for small businesses to accept crypto without hiring blockchain developers.

Pundi X Use Cases

• Retail Point-of-Sale Payments: Physical stores ranging from cafes to electronics retailers use XPOS terminals to accept cryptocurrency for everyday purchases. Customers scan QR codes or tap XPASS cards to pay in BTC, ETH, or stablecoins with settlement confirmed in seconds.
• Cross-Border Commerce: Tourists and international shoppers can spend crypto directly at participating merchants without currency conversion fees or foreign transaction charges. This is particularly useful in regions with heavy tourist traffic where Pundi X has deployed terminal networks.
• Staking on Function X: PUNDIX holders can participate in the Function X network by delegating to validators, helping secure the blockchain and earning staking rewards. This provides passive yield while supporting the infrastructure that powers the payment ecosystem.
• Emerging Market Payments: In countries with unstable local currencies or limited banking infrastructure, Pundi X enables merchants to accept dollar-pegged stablecoins via XPOS as an alternative store of value. This use case has driven adoption in parts of Latin America and Southeast Asia.
• Franchise and Chain Deployments: Restaurant chains, convenience stores, and retail franchises deploy XPOS across multiple locations to offer unified crypto payment acceptance. Centralized dashboards let corporate teams monitor transactions, reconcile settlements, and manage hardware fleets at scale.

Pundi X Tokenomics

Total Supply

PUNDIX has a maximum supply of 258,526,620 tokens, a figure established through the 1,000:1 swap from the original NPXS supply in March 2021. No additional PUNDIX will be minted beyond this capped supply.

Circulating

Dynamic — see CoinGecko for live figures. The circulating supply has historically represented a large portion of the total given the nature of the NPXS conversion, but exact current numbers fluctuate based on team and ecosystem allocations.

Utility

PUNDIX is used for governance votes within the Pundi X ecosystem, as an incentive and rewards token for XPOS merchants and users, and as a settlement asset within the payment network. Holders also gain access to ecosystem programs and can stake indirectly via Function X integrations.

Emission

PUNDIX is a non-inflationary token with no ongoing mint schedule following the NPXS swap completion. Distribution is fixed, and any new circulating supply changes come from scheduled unlocks of previously allocated treasury or team tokens rather than new issuance.

How to Buy Pundi X

1. 1

   1. Create a Binance Account

   Visit binance.com or open the Binance app and register using your email or phone number. Complete identity verification (KYC) by submitting a government-issued ID and a selfie through the 'Verification' section under your profile, which is required before fiat deposits and higher withdrawal limits are enabled.

2. 2

   2. Deposit Funds

   Navigate to 'Wallet' then 'Fiat and Spot' and select 'Deposit' to fund your account. You can use bank transfer, credit card, or P2P trading to add USD, EUR, or local currency, or deposit USDT from an external wallet to trade directly into PUNDIX.

3. 3

   3. Find the PUNDIX Trading Pair

   Click 'Trade' then 'Spot' in the top navigation and search for 'PUNDIX' in the market search bar. Select the PUNDIX/USDT pair, which typically has the deepest liquidity, or use PUNDIX/BTC if you prefer to trade against Bitcoin.

4. 4

   4. Place Your Order

   On the trading interface, choose between a Market order for instant execution or a Limit order to set your preferred entry price. Enter the amount of PUNDIX you want to buy or the USDT amount to spend, then click the green 'Buy PUNDIX' button to confirm the trade.

5. 5

   5. Secure Your Tokens

   After purchase, your PUNDIX will appear in your Binance Spot Wallet. For long-term holding, consider withdrawing to a self-custody wallet compatible with Function X or BEP-20, such as f(x)Wallet or a hardware wallet, by using the 'Withdraw' function and selecting the correct network.

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