Crypto is awesome...it’s addicting...it’s fascinating.
But, is there any practicality with this shit yet?
Do you spend your crypto? Or do you just HODL for moonlambos?
One token on the rise right now, Pundi X, is aiming to help bring this shit to the masses.
Let’s dig in.
Pundi X (ticker: NPXS)
Wtf is Pundi X?
Pundi X is an Ethereum based project (so it’s an ERC-20 token) that is looking to deploy a shitton of POS (point of sale) systems across the globe. Their goal: to make cryptocurrency payments and traditional (silly fiat) payments coexist seamlessly, under one POS system.
Pundi XPOS is the name of their POS platform, and has a bunch of different features beyond just crypto payents. They see the big picture and aim to create a system that is all-around better then what currently exists.
Honestly, we are so happy that they plan to compete with existing POS’s. Most blockchain projects are so f***n focused on crypto, that they think deploying a crypto only POS will make merchants drop their shit and buy it.….when in reality, the main competition is still the credit card companies (yes, fiat).
Anyways, Pundi XPOS has some cool features:
- The POS interface allows for merchants to sell ad space on the terminal, for increased revenue
- Cryptos accepted are: BTC, ETH, XEM, QTUM, and ATC.
- Inventory management, invoice management, and store memberships can all be managed from the terminal
- Consumers can choose to pay with both crypto and fiat together...cooool shit
- Developers can create, and deploy apps to the platform for different merchants to use
Of course, all of these functions and payments are recorded to the blockchain. There are different types of Pundi XPOS’s, but do similar shit...learn more at their site: https://pundix.com/product
There are basically two layers which are connected to the Ethereum chain with Xplugins. The two layers are the communication layer and blockchain layer. The communication layer delivers a buy request for some product. At this point, the sale can be satisfied, and this is when the blockchain layer comes in to play to...well...record it to the blockchain. This can help with scalability and performance.
Who tf is behind this shit?
As far as we can tell, no one on their team is crypto famous (until now probably), but here is what we know:
Their CEO is Zach Cheah...he’s been in the tech industry for the past 12 years. Most notably, he was part of W3C (the World Wide Web Consortium) which is pretty cool and shows that he has already helped to shape web protocol standards. He also used to be the CEO and Founder of a company called Wozlla, a ‘cross platform HTML5 gaming production and distribution’ company according to his LinkedIn.
Their CTO Pitt Huang is also quite the entrepreneur. By age 25 he sold his Groupon-like company, and has sold several other companies since, one of which employed 200 people. This is according to their website.
So, overall, we do not have much to say about their team, other than that they are businessmen. They have a bunch to prove to the community. We also think their name is pretty shitty. Why do blockchain companies have such shitty names????
Anyways, due to their recent rise and POS product, they are a mid-tier shitcoin. The team really has to prove that they can deliver, or this will be yet another hyped shitcoin, going down to low-tier, then shit-tier. Fingers crossed for all of you HODLers that they can deliver.
Hope you learned some shit.
- Mike and Aaron