Pundi X is a prominent creator of blockchain-enabled hardware, seeking to revolutionize the retail sector through its point-of-sale system built on blockchain technology. This platform enables shoppers and store owners to perform immediate in-person transactions on its network.

Established in 2017, the project held its Initial Coin Offering in January 2018, positioning itself as the globe’s first point-of-sale solution of its kind. After raising funds successfully, Pundi X rolled out several retail-oriented products, such as XPOS, XWallet, and XPASS, along with BOB, which it describes as the world’s first blockchain smartphone.

Headquartered in Singapore, the firm has distributed its XPOS hardware and systems to more than 25 regions, including Australia, Argentina, Colombia, Korea, Spain, Taiwan, the United States, and Spain.

Zac Cheah and Pitt Huang established Pundi X in 2017. They first connected in 2012 through an HTML5 Interest Group, united by the concept of integrating cryptocurrencies into everyday life for everyone.

Zac Cheah acts as the CEO of Pundi X. Before this position, he served as the W3C Chair of the HTML5 Interest Group. A proficient programmer, Zac holds an M.Sc. in Computing from Sweden’s KTH Royal Institute of Technology (KTH) and an M.Sc. in cybersecurity from the Norwegian University of Science and Technology in Norway.

Pitt Huang holds the roles of chief technical officer and chief operating officer at Pundi X. He started coding when he was 10 years old and was developing space games during his high school years.

An enthusiastic investor and entrepreneur, Pitt founded and sold his first Groupon-style business to Baizhu in 2008 at the age of 25. He has launched and exited multiple other ventures, including one firm that employed 200 people.

Pundi X aims to make cryptocurrency accessible to all by focusing on simplifying the transition for retail businesses, rather than trying to outperform the banking system like other projects. The project has built a blockchain payment ecosystem comprising the XPOS, XPASS, and the virtual XWallet. Notably, the XPOS is described as the world’s first blockchain-powered wireless point-of-sale (POS) device for cryptocurrencies.

This device allows consumers and retail merchants to easily buy, sell, and transact with digital assets in physical stores. It is designed to accept every cryptocurrency, with popular assets such as Bitcoin (BTC), Ethereum (ETH), and Pundi X (PUNDIX) listed within the ecosystem.

The XWallet mobile app serves as a bridge between standard digital asset wallets and the Pundi X payment ecosystem. Through the app, users can manage their digital assets, check balances, make transfers, and top up supported cryptos. Every registered XWallet user receives a virtual XPASS card.

In June 2019, Pundi X launched the Open Platform to support additional blockchains. Since that time, DeFi developers and projects have registered and uploaded their ERC20 tokens to the Pundi X ecosystem, which has increased its usage.

Similar to other payment-focused crypto platforms such as Binance (BNB), Voyager Token (VGX), and Troy (TROY), most Pundi X (PUNDIX) tokens have already been released. The project originally started with PXS and PXSXEM tokens, which were exchanged for PUNDIX tokens from March to September 2018 at a ratio of one PXS to 1,000 PUNDIX.

Currently, the circulating supply stands at 235,514,908,115 PUNDIX tokens, against a maximum supply of 258,526,640,301 PUNDIX. This means that 91 percent of the total possible PUNDIX tokens have been issued. These tokens cannot be mined; instead, they are distributed weekly as rewards for staking.

Pundi X is available on numerous major cryptocurrency platforms. At present, the primary exchanges for purchasing, selling, and trading Pundi X (PUNDIX) include:

• HitBTC