[ANN] Pundi X - Any store can buy, sell and accept Cryptocurrency

[Anarchy101]

Maybe they can do this in various ways so that PundiX can become DeFi. but maybe it will not affect the price of NPXS tokens, like the news of the launch of the PundiX online store. unless they pump it themselves.  if they still have reserves of funds.

Point is PundiX was never designed to be a DeFi or lending platform. I don't know if you were one of the early followers of this project, but I was. The idea they had was very excellent and would have been successful if they had ;
1. Planned well
2. Continued carry out serious marketing of the project and the XPOS devices (they only did the market for the ICO which was successful and that was it)
3. Continued serious development and focus on the Pundix Project and avoid getting diverted with useless and pointless side projects like FunctionX which were a total fail.

It's not like the ICO failed. It was a success, Over $35 fuckin million raised but in the end, they just blew it all off and disappointed the investors 

Try raising that amount in this current situation, even raising $4M will be a miracle.

Right now, the only thing I can think of that can save Pundi is that if they merge NPXS and FX but, I doubt even that would be enough for the project to jump-start back again. Without proper marketing, nothing can save the project. And by marketing, I mean serious marketing not opening a merch store.

[Ziskinberg]

Maybe they can do this in various ways so that PundiX can become DeFi. but maybe it will not affect the price of NPXS tokens, like the news of the launch of the PundiX online store. unless they pump it themselves.  if they still have reserves of funds.

Point is PundiX was never designed to be a DeFi or lending platform. I don't know if you were one of the early followers of this project, but I was. The idea they had was very excellent and would have been successful if they had ;
1. Planned well
2. Continued carry out serious marketing of the project and the XPOS devices (they only did the market for the ICO which was successful and that was it)
3. Continued serious development and focus on the Pundix Project and avoid getting diverted with useless and pointless side projects like FunctionX which were a total fail.

It's not like the ICO failed. It was a success, Over $35 fuckin million raised but in the end, they just blew it all off and disappointed the investors 

Try raising that amount in this current situation, even raising $4M will be a miracle.

Right now, the only thing I can think of that can save Pundi is that if they merge NPXS and FX but, I doubt even that would be enough for the project to jump-start back again. Without proper marketing, nothing can save the project. And by marketing, I mean serious marketing not opening a merch store.

If they will do that, they would have done it before when PundiX wasn't in the floor yet. They want to separate these two projects and actually I believe that making FX was one big reason why PundiX struggled.

[JollyGood]

The problem is clear, Pundi X team keep moving the goalposts!

Does the Pundi X team think having a merchandise store selling Pundi X branded hoodies and other attire will save them?

Did the Pundi X team receive over $35 million from the ICO to sell merchandise that 99.99% of the public would be embarrassed to wear even it were given to them for free?

The XPOS device was the sole reason they received millions of USD$ in the ICO and now they have nowwhere to go after failing in every single project they claimed was going to save them. The blockchain, the mobile phone, the FX tokens, the token swaps, the merchandise store - all clearly shows the Pundi X project is dead because of massive management by the team.

Maybe they can do this in various ways so that PundiX can become DeFi. but maybe it will not affect the price of NPXS tokens, like the news of the launch of the PundiX online store. unless they pump it themselves.  if they still have reserves of funds.

Point is PundiX was never designed to be a DeFi or lending platform. I don't know if you were one of the early followers of this project, but I was. The idea they had was very excellent and would have been successful if they had ;
1. Planned well
2. Continued carry out serious marketing of the project and the XPOS devices (they only did the market for the ICO which was successful and that was it)
3. Continued serious development and focus on the Pundix Project and avoid getting diverted with useless and pointless side projects like FunctionX which were a total fail.

It's not like the ICO failed. It was a success, Over $35 fuckin million raised but in the end, they just blew it all off and disappointed the investors  

Try raising that amount in this current situation, even raising $4M will be a miracle.

[D3m0nKinGx]

The problem is clear, Pundi X team keep moving the goalposts!

Does the Pundi X team think having a merchandise store selling Pundi X branded hoodies and other attire will save them?

Did the Pundi X team receive over $35 million from the ICO to sell merchandise that 99.99% of the public would be embarrassed to wear even it were given to them for free?

The XPOS device was the sole reason they received millions of USD$ in the ICO and now they have noweghere to go after failing in every single project they claimed was going to save them. The blockchain, the mobile phone, the FX tokens,the token swaps, the merchandise store - all clearly shows the Pundi X project is dead because of massive management by the team.

Maybe they can do this in various ways so that PundiX can become DeFi. but maybe it will not affect the price of NPXS tokens, like the news of the launch of the PundiX online store. unless they pump it themselves.  if they still have reserves of funds.

Point is PundiX was never designed to be a DeFi or lending platform. I don't know if you were one of the early followers of this project, but I was. The idea they had was very excellent and would have been successful if they had ;
1. Planned well
2. Continued carry out serious marketing of the project and the XPOS devices (they only did the market for the ICO which was successful and that was it)
3. Continued serious development and focus on the Pundix Project and avoid getting diverted with useless and pointless side projects like FunctionX which were a total fail.

It's not like the ICO failed. It was a success, Over $35 fuckin million raised but in the end, they just blew it all off and disappointed the investors 

Try raising that amount in this current situation, even raising $4M will be a miracle.

Cash Grab by the DEVs, and then they just kept pulling ppl along until (just my opinion here) that after the token was near 30 SATS they started dumping their funds from ICO on the market (aka exit scam)...

I still have PUNDI X on my watchlist in blockfolio, just so I can see the day it disappears from binance.

[Anarchy101]

The problem is clear, Pundi X team keep moving the goalposts!

Does the Pundi X team think having a merchandise store selling Pundi X branded hoodies and other attire will save them?

Did the Pundi X team receive over $35 million from the ICO to sell merchandise that 99.99% of the public would be embarrassed to wear even it were given to them for free?

The XPOS device was the sole reason they received millions of USD$ in the ICO and now they have noweghere to go after failing in every single project they claimed was going to save them. The blockchain, the mobile phone, the FX tokens,the token swaps, the merchandise store - all clearly shows the Pundi X project is dead because of massive management by the team.

Maybe they can do this in various ways so that PundiX can become DeFi. but maybe it will not affect the price of NPXS tokens, like the news of the launch of the PundiX online store. unless they pump it themselves.  if they still have reserves of funds.

Point is PundiX was never designed to be a DeFi or lending platform. I don't know if you were one of the early followers of this project, but I was. The idea they had was very excellent and would have been successful if they had ;
1. Planned well
2. Continued carry out serious marketing of the project and the XPOS devices (they only did the market for the ICO which was successful and that was it)
3. Continued serious development and focus on the Pundix Project and avoid getting diverted with useless and pointless side projects like FunctionX which were a total fail.

It's not like the ICO failed. It was a success, Over $35 fuckin million raised but in the end, they just blew it all off and disappointed the investors 

Try raising that amount in this current situation, even raising $4M will be a miracle.

Cash Grab by the DEVs, and then they just kept pulling ppl along until (just my opinion here) that after the token was near 30 SATS they started dumping their funds from ICO on the market (aka exit scam)...

I still have PUNDI X on my watchlist in blockfolio, just so I can see the day it disappears from binance.

Are we sure that they dumped their tokens on market? Because if it's true, then that should have been the very first red flag about the project. Do you by any chance, have the ethereum address that was associated by PundiX?

thanks

[JollyGood]

I would say somewhere along the line the team must have siphoned-off funds and pocket it but since there is no public audit of the way they spent their ICO millions nothing can be stated with certainty.

If this was a public trading company in a developed country the board would probably be investigated for negligence because how can around $35 million raised from an ICO lead to this disaster we see today?

I still remember their claims to flood retail outlets all over the world with XPOS devices but they did next to nothing then started going off-track on to token swaps, FX tokens, blockchains and phones now ecommerce and de-fi... what a mess the mismanagement has created.

Cash Grab by the DEVs, and then they just kept pulling ppl along until (just my opinion here) that after the token was near 30 SATS they started dumping their funds from ICO on the market (aka exit scam)...

I still have PUNDI X on my watchlist in blockfolio, just so I can see the day it disappears from binance.

[nelson4lov]

Cash Grab by the DEVs, and then they just kept pulling ppl along until (just my opinion here) that after the token was near 30 SATS they started dumping their funds from ICO on the market (aka exit scam)...

I still have PUNDI X on my watchlist in blockfolio, just so I can see the day it disappears from binance.

The all time high was around 150 sats ~ 0.01+ at some point in 2018 before the epic dump started. I'm not really sure if the Pundi X team dumped on their community, if they didn't then it means their community realized that the team won't be able to fulfill the promises they made during their ICO.  After an extended period of tiny trading volume on binance, they delisted the NPSX/BTC pair because the value had dropped significantly. There's no point trading tokens currently priced at 1 sat in BTC pairs. Better done on alternative pairs like USDT and ETH or even BNB.

I owned a tiny bag in early 2018 but I sold during the peak. I had a friend who was hell-bent on not selling because he thought the value would go higher. He ended up selling some in losses and others at breakeven. The team failed.

Like majority of the ICOs in 2017-2018, NPXS had nothing other than the hype. When that was gone, it became every other erc20 token whose sole purpose is only for transactions. So far, there's nothing forthcoming from the team.

[Anarchy101]

I would say somewhere along the line the team must have siphoned-off funds and pocket it but since there is no public audit of the way they spent their ICO millions nothing can be stated with certainty.

If this was a public trading company in a developed country the board would probably be investigated for negligence because how can around $35 million raised from an ICO lead to this disaster we see today?

I still remember their claims to flood retail outlets all over the world with XPOS devices but they did next to nothing then started going off-track on to token swaps, FX tokens, blockchains and phones now ecommerce and de-fi... what a mess the mismanagement has created.

Cash Grab by the DEVs, and then they just kept pulling ppl along until (just my opinion here) that after the token was near 30 SATS they started dumping their funds from ICO on the market (aka exit scam)...

I still have PUNDI X on my watchlist in blockfolio, just so I can see the day it disappears from binance.

Did they already enter into DeFi? If yes, they will be one of the only few projects that were not able to capitalize on the DeFi hype and if they couldn't capitalize on that then I don't think anything will be able to save pundiX (IMO).

[JollyGood]

You sold at a good time and made a bit of profit but your friend lost out. I think those days are long gone now, it is impossible for Pundi X to survive in the long run.

I agree with you in the general sense about ICO tokens hype of 2017/18 but the NPXS really was attached to the XPOS device and this project had so much scope yet the mismanagement of this project has brought it to its knees.

The all time high was around 150 sats ~ 0.01+ at some point in 2018 before the epic dump started. I'm not really sure if the Pundi X team dumped on their community, if they didn't then it means their community realized that the team won't be able to fulfill the promises they made during their ICO.  After an extended period of tiny trading volume on binance, they delisted the NPSX/BTC pair because the value had dropped significantly. There's no point trading tokens currently priced at 1 sat in BTC pairs. Better done on alternative pairs like USDT and ETH or even BNB.

I owned a tiny bag in early 2018 but I sold during the peak. I had a friend who was hell-bent on not selling because he thought the value would go higher. He ended up selling some in losses and others at breakeven. The team failed.

Like majority of the ICOs in 2017-2018, NPXS had nothing other than the hype. When that was gone, it became every other erc20 token whose sole purpose is only for transactions. So far, there's nothing forthcoming from the team.

[Kopiev]

Zach Chen co-founder of PundiX will speak at the video broadcast on October 3, he will share the latest news and progress
https://twitter.com/PundiXLabs/status/1310828751144452097?s=20

[Anarchy101]

Lol, I have just noticed this but, that Kucoin hackers also managed to steal around 239M NPXS tokens which are worth around $33k as of writing.

https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3?a=0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

[Maslate]

Lol, I have just noticed this but, that Kucoin hackers also managed to steal around 239M NPXS tokens which are worth around $33k as of writing.

https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3?a=0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

According to the news Kucoin will refund the lose coins, so no problem for the traders but the only problem I see here is if they will dump that NPXS, that would certainly make the price to suffer more.

[JollyGood]

The first I am hearing about Kucoin getting hacked. I never anything about it 

Lol, I have just noticed this but, that Kucoin hackers also managed to steal around 239M NPXS tokens which are worth around $33k as of writing.

https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3?a=0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23

[Anarchy101]

Kucoin getting hacked was huge news for the past few days. If I am not mistaken about $150M worth of tokens and ETH were stolen from the exchange. Hackers have already liquidated a lot of tokens like SNX, DIA, etc

[Anarchy101]

CEO and Co-Founder Zac Cheah and Chief Ecosystem Officer Peko Wan host a video session to talk about the Pundi X progress made in Q3. Important timestamps can be found in the description of the video.

https://youtu.be/max7y6gOm48

[JollyGood]

How much damage has this done to the exchange reputation? Are they making plans to fill the gaps from their own pockets to ensure no customer is left to suffer with losses?

Kucoin getting hacked was huge news for the past few days. If I am not mistaken about $150M worth of tokens and ETH were stolen from the exchange. Hackers have already liquidated a lot of tokens like SNX, DIA, etc

[dishku]

How much damage has this done to the exchange reputation? Are they making plans to fill the gaps from their own pockets to ensure no customer is left to suffer with losses?

Kucoin getting hacked was huge news for the past few days. If I am not mistaken about $150M worth of tokens and ETH were stolen from the exchange. Hackers have already liquidated a lot of tokens like SNX, DIA, etc

Although they claimed the funds were insured but till now there is no progress made into this direction. The effected projects are doing this job to make sure to return the funds to the exchange wallet. I also think this will damage the reputation of Kucoin in future.

[JollyGood]

Any exchange getting hacked in going to make problems so far as reputation is concerned. It was only Binance that I can think of that managed to cover losses from that their users would face after that hack happened and they covered losses with their own funds. Not all exchanges are in a position to do that.

The reputation and customer confidence in Kucoin will have dropped a lot no doubt.

Although they claimed the funds were insured but till now there is no progress made into this direction. The effected projects are doing this job to make sure to return the funds to the exchange wallet. I also think this will damage the reputation of Kucoin in future.

[Anarchy101]

Any exchange getting hacked in going to make problems so far as reputation is concerned. It was only Binance that I can think of that managed to cover losses from that their users would face after that hack happened and they covered losses with their own funds. Not all exchanges are in a position to do that.

The reputation and customer confidence in Kucoin will have dropped a lot no doubt.

Although they claimed the funds were insured but till now there is no progress made into this direction. The effected projects are doing this job to make sure to return the funds to the exchange wallet. I also think this will damage the reputation of Kucoin in future.

Back then, Binance was able to quickly recover the losses that occurred due to hack I think that's the reason their reputation was intact. I think It will all depend on how quickly KuCoin will act to reimburse the users who lost $$ during the Kucoin hack.

[Natalim]

Any exchange getting hacked in going to make problems so far as reputation is concerned. It was only Binance that I can think of that managed to cover losses from that their users would face after that hack happened and they covered losses with their own funds. Not all exchanges are in a position to do that.

The reputation and customer confidence in Kucoin will have dropped a lot no doubt.

Although they claimed the funds were insured but till now there is no progress made into this direction. The effected projects are doing this job to make sure to return the funds to the exchange wallet. I also think this will damage the reputation of Kucoin in future.

Back then, Binance was able to quickly recover the losses that occurred due to hack I think that's the reason their reputation was intact. I think It will all depend on how quickly KuCoin will act to reimburse the users who lost $$ during the Kucoin hack.

They guarantee that they will reimburse the hack funds, did we see any problem already regarding their promise, do people complain about their funds not reimbursed by Kucoin? If they won't reimburse, that, we can say that it will affect their reputation which I doubt they'll allow that to happen.