NPXS UTILITY BILL;A quick summary of Pundi X and it's product: The XPOS they are launching a POS device it is called the 'XPOS'. It can accept cryptocurrencies for merchants to use to sell their products or services.Pundi X token's utility in six-fold;1)A bit of it is removed from supply for every crypto-related transaction that happens in through our XPOS. 2)The token is used to list other tokens in our XPOS, for example, QTUM paid us a sum of NPXS to be listed later in our XPOS, this will include future coins that will be listed in our XPOS.3)Loyalty programs are made & paid with NPXS. 4)Ads that run through our XPOS are also paid in NPXS. 5)Future products will be paid with NPXS. 6)Claim goods and services from merchants. The Point of Sale device;The XPOS is comprised of two parts, the consumer and merchant. For the merchants: 1)You get 1% extra as a fee. You can set it up from 0-10%, but we reccomend 1% fee. 2)You can sell crypto again with that 1-10% fee. 3)You can sell the XPASS cards. 4)The POS can setup your inventory, loyalty programs, ads, and print smart receipts. 5)You can accept crypto, again the 1-10% fee. 6)You will be one of the first to change how the world use crypto. For the XPASS holders;1)They can liquidate their crypto assets through our merchants, hassle free. 2)They get a special discount.
Dear Pundians, in keeping with our commitment to transparency, we’d like to explain our revenue model and NPXS utilization in XPOS. 100% of Pundi X’s revenue generated through crypto transactions on the XPOS will be removed permanently from our NPXS token circulation. For more detail and how it works, you can read at https://medium.com/pundix/npxs-token-utilization-in-xpos-e7cb54e803e8
When it comes to the F(x) tokens, there are two options (2&3) that will allow you to own this token.Option 1: Do not stake and do not convert. No actions needed.Option 2: Stake but not convert. Transfer NPXS/NPXSXEM to XWallet or link your private wallet and start staking. Staking can be stopped at any time by withdrawing your tokens from the xwalletOption 3: Stake and convert. Transfer NPXS/NPXSXEM and start staking and then converting. The holders can decide the amount of the staking and converting. Find more info and news at functionx.io & t.me/pundixofficial
Function X (Pundi X's decentralised blockchain) is an ecosystem built entirely on and for the blockchain. Everything in f(x) is totally decentralized and secure, which means that the application source code, transmission protocol and hardware can be part of the decentralized network. In fact, every bit and byte in f(x) is part of the blockchain. The f(x) Ecosystem consists of five elements: f(x) operating system, f(x) public blockchain, f(x) FXTP, f(x) docker and f(x) IPFS.Find more info and news at functionx.io & t.me/pundixofficial
Here's some info about staking. Token staking allows NPXS/NPXSXEM holders to receive f(x).Citizens or residents of the following countries are excluded from staking and conversion of the f(x) tokens in the XWallet app: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’ Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Malaysia, Myanmar, North Korea, Republic of Macedonia, People’s Republic of China, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen and Zimbabwe.You can stake your NPXS/NPXSXEM starting with 20th of March 10am GMT +8 (singapore timezone).In order to be able to stake, you will have to deposit your NPXS/NPXSXEM to the XWallet or link your private wallet (erc20) to the xwallet. No exchanges will support this process.While a user is staking, he/she will receive both the F(x) tokens and the unlocked tokens, as usual. Find more info and news at functionx.io & t.me/pundixofficial as well as at the following link: https://medium.com/p/771b82266941
Here's some info about converting.Token conversion is the process of exchanging one token for another. In this token conversion, only NPXS/NPXSXEM holders can convert to f(x) Tokens.To accommodate NPXS/NPXSXEM holders in European time zones to convert, the team has adjusted new start time as follows:From Apr 20 to 30, 10:00:00 am GMT+8From May 1 to 31, 6:00:00 pm GMT+8From June 1 to 30, 10:00:00 am GMT+8From July 1 to 14, 6:00:00 pm GMT+8Citizens or residents of the following countries are excluded from the conversion process of the f(x) tokens in the XWallet app: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’ Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Malaysia, Myanmar, North Korea, Republic of Macedonia, People’s Republic of China, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen and Zimbabwe.All NPXS / NPXSXEM tokens converted will be removed from the NPXS / NPXSXEM circulation permanently. There isn't a set rate for the conversion process! table linkEach day will be assigned with a pool of tokens, which will be divided between the members who will be converting in the same day. For e.g. let’s say Bob elects to convert 1 NPXS and is the only person converting on that day, he will get all of the f(x) available for conversion for that day.But if Bob and Alice each convert 1 NPXS then they will each receive 50% of the tokens from that day's pool NPXS / NPXSXEM tokens that are converted will also be entitled to the staking process's tokens as long that user stake it before conversion.It’s entirely optional about whether you want to stake or convert!Find more info and news at functionx.io & t.me/pundixofficial
For price related discussions, predictions, trading strategies please join the following channel: @pundixmarket. (community group)And remember to use it the next time you want to talk about the market.
You can either download the xwallet from: App Store (apple): https://itunes.apple.com/tt/app/xwallet-by-pundi-x/id1321754661Google Play (android): https://play.google.com/store/apps/details?id=com.pundix.xwallet&hl=en_US