Pundi X is a cryptocurrency that allows users to buy, sell, and use digital currency in physical stores. The company has developed a point-of-sale (POS) device that allows customers to transact using digital currency.
Pundi X was founded in 2017 and is headquartered in Jakarta, Indonesia.
In January 2018, Pundi X partnered with Binance to launch the Binance Chain testnet. The partnership was aimed at helping Pundi X expand its reach into the cryptocurrency market.
However, the partnership between Pundi X and Binance ended abruptly in June 2018 when Binance delisted Pundi X from its exchange.
NOTE: WARNING: Pundi X (NPXS) is currently undergoing delisting on Binance, the world’s largest cryptocurrency exchange. This means that all users will no longer be able to trade NPXS on Binance, and any existing NPXS tokens held in Binance wallets must be withdrawn before the delisting date. If you do not withdraw your tokens before the deadline, they will be automatically removed from your account. Please take all necessary precautions and act accordingly.
The reason for the delisting is still unknown. However, some speculate that it may be due to Pundi X’s involvement in an Initial Coin Offering (ICO) that was deemed to be a security by the US Securities and Exchange Commission (SEC).
Others believe that the delisting was due to Pundi X’s failure to meet listing requirements on Binance.
Whatever the reason, the delisting of Pundi X from Binance dealt a heavy blow to the company. The price of PXS tokens fell sharply after the news was announced.
Pundi X has since been working to recover from the setback and has partnered with other exchanges such as KuCoin and IDEX.
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