Whitepaper read

Pundi X (New)

PUNDIX · Pundi X (New)

UtilityPayments token for the Pundi X point-of-sale network.

What it is

Pundi X is a blockchain payments company whose XPOS terminals and wallet infrastructure let merchants accept cryptocurrency in physical retail; PUNDIX is its ecosystem utility token.

Technology & consensus

Per the official whitepaper, Pundi X builds point-of-sale infrastructure (XPOS devices, XWallet app, XPASS cards) enabling retail merchants to accept crypto alongside fiat, with automatic fiat-crypto conversion at the terminal. The ecosystem later expanded to the Function X blockchain (a decentralized OS/chain/IPFS/Docker stack where each device acts as a node) and more recently to Pundi AI / AIFX omnichain data-tagging infrastructure recorded on-chain and IPFS.

Token utility

PUNDIX is the ecosystem's ERC-20 utility token (created via the 2021-2022 redenomination from NPXS at 1000:1): it is used to pay for services within the Pundi X ecosystem and can be delegated to Pundi X Chain validators for staking. Historically, XPOS transaction activity burned NPXS as a supply-reduction mechanism.

Key risks & notes

The official whitepaper dates to the 2017-2018 ICO era (PXS/NPXS) and predates the PUNDIX redenomination and the Function X / Pundi AI pivots, so it does not fully describe the current token mechanics. PUNDIX depends on real-world XPOS merchant adoption, which has been slow, and crypto point-of-sale faces competition from established payment rails and regulatory hurdles in target markets.

Primary source

Read the official whitepaper →

Research status

Classification: Whitepaper read · Researched 2026-09-15 · Source material: official project documents only.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass BFORA-01 scale — verification, not a quality ranking

Claim type · Utility / gas token

What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

PUNDIX is the ERC-20 utility token of the Pundi X payment ecosystem: used to pay for services within the ecosystem (XPOS point-of-sale, XWallet, XPASS) and can be delegated to Pundi X Chain validators.

high confidence

Evidence: [1] · [2]

Verified

Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No underlying or backing exists by design — PUNDIX is a bearer utility token for ecosystem services, not a claim on reserves or assets.

high confidence

Evidence: [1]

Verified

How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserves exist by design; fixed max supply (~259M, ~258M circulating), auditable on-chain at 0x0FD10b9899882a6f2fcb5c371E17e70FdEe00C38. Confidence medium because supply figures come from market-data pages, not the project's own docs.

medium confidence

Evidence: [1]

Verified

How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

No redemption is promised. Spending PUNDIX on ecosystem services is consumption, not redemption; there is no issuer obligation to repurchase or redeem.

high confidence

Evidence: [1]

Verified

Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

Pundi X Labs is a Singapore-based company founded 2017 by Zac Cheah and Pitt Huang; it registered as a Money Service Business with FINTRAC (Canada) in 2023. No published statement ties the company to token liability, so the entity is named but thin on formal token-side obligations.

medium confidence

Evidence: [1] · [2]

Partially verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. This dossier was researched 2026-09-15. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is Pundi X (New) (PUNDIX)?

Pundi X is a blockchain payments company whose XPOS terminals and wallet infrastructure let merchants accept cryptocurrency in physical retail; PUNDIX is its ecosystem utility token.

What does the holder own?

What is Pundi X (New)'s verification status?

Pundi X (New) (PUNDIX) carries verification class B (Class B): a mix of VERIFIED and PARTIALLY VERIFIED with no UNVERIFIED and no CONTRADICTED findings. What would change it: Independent evidence closing the partially verified gaps would move it to Class A.

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