Topic: [ANN] Pundi X - Any store can buy, sell and accept Cryptocurrency - page 39. (Read 99310 times)

Where is the team Public relations manager to address and communicate with investor / community concerns here on bitcointalk. Medium/twitter/telegram seem to be their main social outlets for investor awareness.. but bitcointalk has many watching this project as well.

what the team must do is to keep the NPXS marketcap not below 69-30 million, and must remain in binance,
because if NPXS is no longer in binance then NPXS will be even more terrible

https://twitter.com/PundiXLabs/status/1159092712961740801


Again no idea how valid this is tho

EDIT: what's funny is these "stablecoins" are pegged to a system of currency that is also ever so elegantly failing lol

https://www.cnbc.com/2019/08/05/crypto-rally-sparked-by-investors-seeking-hedge-against-rising-global-risks-says-bitcoin-bull-tom-lee.html

If the market value is as low as $3 million then it would spell disaster for the company and investors.

I hope the team sit down and actually decide to take firm action which results in practical steps leading to success.

mkc isn't reliable number to value a project, because if there isnt' enough liquidity nobody can exit their whole stash at that price when you have a volume of 10-20 btc...
As of right now only 246 BTC of the supply can be liquidated, that's nowhere near $132m ... only 3m$ actually, hence why the mkc is a useless figure to go  by.

I think you have a valid point about where the investment was spent, how much was spent and how much remains.

Considering it has been around 2 years by now they should have released their XPOS internationally, they really have no defence to justify why they did not.

I agree, right now this cannot be seen as a viable project or viable investment.

On coinmarketcap the market value is as follows:

NPXS           $131,471,738
NPXSXEM      $1,331,115

You say "on a mass scale", yet where's even the working prototypes? 

Is the ICO's funds allocation known (i.e. the developers dev fund address?, and how its been spent ? ) From the looks of things, some more investigation  needs to be done on  the validity and truthfulness of this project. We're at 4 sats now this is terrible for an acclaimed innovative project that's changing crypto space and the way ppl conduct business around the world with crypto/purchasing powers.

 I'd be seriously concerned if I was a new investor coming into any project like this these days ! Start asking the important questions, make them put their foot where there mouth is    It's been about 2 years since the inception of pundi X... and what's it got to show !?

Don't risk your money for something that might put you in the hole, cause the devs are just doing a money grab with multi-chain high supply, inflationary token/coin !

I think the owner is somebody very passionate about the project but he made too many mistakes. Also the investors never kicked up too much of a fuss about the issue when he was digressing away from the original XPOS project. There is still not enough evidence in my opinion about this being a money-grab operation, I just think they have spread out too fast and not ended up with even a single real product in a real life environment on a mass scale.

All these swaps and this staking nonsense just is a diversion from the real issue. Where are the XPOS devices in shopping malls in South America and the Middle East?

The public relations by the Pundi X team has been a total failure and that has contributed to some of the voices raising concern here.

They're literally running three different tokens on three different chains !

NPXS = ETH
NPXSXEM = Now on binance chain
and some F(x) token that's their own blockchain...

can we say money grab 

There is no physical proof. There are no mass devices in retail outlets around the world and if the Pundi X team do not get a move on they will lose the opportunity because competitors are out there trying to do the same thing.

I am looking at the same pattern from almost since when the project was launched.

If you ask questions here or say something that might not show Pundi X or its team in a good light, other users see it as an attack and they tend to post against you.

The number of glossy press releases and information about what has been tested and how it will take over the world do not seem to subside. In reality the facts are that this project was supposed to be a "point of sale terminal to be used in retail outlets which also facilitated in allowing users to purchase crypto using payment cards" but that never ever developed in to reality.

Somewhere along the line the expansion in to the Pundi X own personal blockchain and then its swaps of tokens NPXS/NPXSXEM and now more swaps with "FX" tokens. All this about staking this token and creating that mobile phone...... enough of the expansion and diversion from the original idea.

At least if the team had launched the product they had the ICO for and had flooded shopping malls and retail outlets with the XPOS devices it would have brought in a regular revenue stream for the Pundi X team and they would be able to have credibility by showing the world and showing investors they succeeded in making the XPOS device available worldwide and commonly used. After that they could have expanded in to other things.

Apart from glossy press releases and a handful of die-hard supporters here that blindly follow and believe in the Pundi X project - what else has the Pundi X team achieved? Nothing in practical terms and nothing in physical device terms has ever been released on a mass scale.

If they could not even make their first product for which the ICO was implemented why are they doing all these token swaps and staking and blockchain testing and mobile phone testing? So far I see nothing that makes me say Pundi X is a success.

+1

Waiting for the same.. want some physical proof !

Thank you for the post.

When these be working in the real world? All we get is updates and press releases but nothing with real substance.

Pundi X recently completed integration support of its XPOS module on the Verifone X990 to allow a wider network of retailers to accept payments in cryptocurrencies.

https://blog.pundix.com/2019/07/11/pundi-x-successfully-completed-its-integration-support-for-verifone-x990-to-enable-crypto-payments-in-traditional-pos-terminals/

Yes, they have restricted some countries for kyc and people who are holding the Pundix coin in the wallet. Those people are making some percentage of F(x) coin on the daily basis. The more you make the more coin you will get through staking punidx coins.

Many people think the same, they are long term holding because in the short term they will lose their original investment if they sell.

I am not impressed with the Pundi X team because they are not doing enough to push out physical products and have not really achieved any of their original goals when first launched.

No coin is immune from the invisible hand that sways the market, no matter the tech/support behind it. Even ETH saw an epic fall to 0.10$ on fake news  of vitalik's presumed death.  Anything could happen here and to any coin/token in crypto. only thing we can go by is our faith and hope for the best outcomes.

That's what I'm trying to convince myself now, it has fall a lot and if we panic, there is no use, we will just lose.
I would not think of individual comparison on the market as most altcoins are down, this isn't for NPXS only, it's for the majority of the market.
My long term vision for the project is not affected, even if it will dump to 1 sat.

 
 
This is a nice incentive however limited to specific geographic regions where others may not be able to stake (this may be smth many aren't willing to participate due to the KYC regulation)

@paschcua the medium article says not using exchanges for fx token/conversion/staking ! beware of this.

https://medium.com/pundix/a-guide-to-staking-npxs-npxsxem-for-f-x-tokens-771b82266941

Do I need to do KYC to stake?
Yes. To ensure compliance, we require ALL Token Holders who participate in the staking process to successfully complete and update their Know-Your-Customer (KYC) verification on the new version of the XWallet.
As greater compliance is demanded by exchanges, banks, insurers, regulatory agencies and KYC providers, token holders from 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, China, 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, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen and Zimbabwe.

Im staking fx token + i converted npxs to fx previously, i think fx-token/coin will have bright future when mainnet is launching.. i even think about to convert my npxs to fx.. (on exchange i mean)