Pundi X is a high end software and hardware company. Reminds anyone of anything ?! Just to mention one of them: Apple Inc. \\ "yes it's a bold statement"
Pundi X is a high end product developer and inventors. They are lead by successful and serious management, such as "kiki" Constantin Papadimitirou, who is an important personality in the payment business (
http://www.infinetworks.com/)
Pundi X's directors are extremely well connected, having NEM, E2pay, Utrust... as a partners and being actually a kind of hybrid allowing connection from the old world (VISA, MASTERCARD, CONTACTLESS) to the new world (Crypto Currencies).
As an investment, it is really difficult to say, as the market is in bear momentum, Pundi X token has surely reached a low the past week. That being said, their distribution mechanism being really generous the first year, I don't really worry about the past 3 weeks' drop.
The good thing is being able to have visibility on the project. The roadmap is clear and not so ambitious. Partnerships are taking place and there is no worry about the liquidity.
Hacks like the Coinrail hack was a huge blow to the token though, and this is a difficult episode to swallow up. This kind of event could be a valuation breaker if it were to happen again in the future.
Right now the company's market cap is close to USD 370 MI. The company has no active customers, the company hasn't installed their devices yet, but... Pundi X management is extremely smart, and their future actually doesn't rely exclusively on crypto, it is quite the opposite.
The crypto tech is actually only a shiny add-on to a high end payment device which has advertising embedded screen (HUGE). This is a leap of faith !!
If we see Pundi X being one of the 4-5 large competitors in the POS market, their valuation by 2021 should be closer to 37B than 370 M.
We are talking about a 100x sustainable valuation backed by a steady stream of income from market transactions and advertising income.
Of course, I am long Pundi X, I haven't gone all in, but invested a good part of my crypto liquidity. I might be wrong on Pundi X, but I see it as an investment as opposed to a bet.