|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
bitcoin relies 100% on confirmation bias. everyone yells ''its amazing'' because they're financially biased, but they dont actually believe it. they just hope someone will pump their bags. to me the...frm76ad in Crypto_com on 24 May 20 (1pts):
simply put, they dont support canadian banking and canadian dollars. at least yet. might change when they add debit card for canada since i would assume that will be denominated in CAD but i could...frkvb1u in CryptoCurrency on 23 May 20 (1pts):
eth has a 5x premium on greyscale, i just dont understand how anyone can accept that lol. https://i.imgur.com/eeXlo9H.pngfrkloxd in Crypto_com on 23 May 20 (1pts):
keep calm and eat jellybeans.frkiibm in CryptoCurrency on 23 May 20 (1pts):
bitcoin answer to this is ''but store of value bruhh''frkfuy6 in Crypto_com on 23 May 20 (1pts):
you can use it to go 1.5x leverage. loan 5k, buy btc, btc goes up, sell 5k worth and keep the difference. free real estate bruh! just kidding, leverage is dangerous :)frk8jee in CryptoCurrency on 23 May 20 (1pts):
Zcoin, its an establish coin that's been around for a while, has some interesting stuff happening this year but mainly just looking at the chart is enough for me to take the risk. bought a...frk6eir in CryptoCurrency on 23 May 20 (1pts):
beware of POS coins in general. it doesnt matter if you make 100% if the coin goes down 90%, you still lose 80% of your money. its fine to prefer pos over pow if you dont care about the security as...frk5z26 in CryptoCurrency on 23 May 20 (1pts):
im sure Kenyans love paying half their wealth in fees.frk5mht in CryptoCurrency on 23 May 20 (1pts):
fwiw, there's a loser on each side of a trade.frk5hn6 in CryptoCurrency on 23 May 20 (1pts):
here's a little tip, if a coin has a sub coin to pay fees, its garbage.frk5cdn in CryptoCurrency on 23 May 20 (1pts):
haaa yes, the indicators that rewrite themselves to make it look like they called the shotsfrk4pia in CryptoCurrency on 23 May 20 (1pts):
i like cryptowatch. has standard list but also has charts and a few other useful views like this. https://cryptowat.ch/cards/assets also has a bunch of other...frk2zzv in CryptoCurrency on 23 May 20 (1pts):
i cant wait for 1000sat/byte as a standard when btc hits 100k$! its gon be great! i really dont care if 90% of my paycheck vanishes in a transaction fee cause ill hodl till i die! i already threw...frjwzk9 in CryptoCurrency on 23 May 20 (1pts):
well, at least he's not shilling a scam this time i guess?frjvori in CryptoCurrency on 23 May 20 (1pts):
people didnt expect that kind of bull run in 2016, at least no that i remember. there was some hype early on in 2017, specially because of ETH, i still cant tel wheter or not btc rode on eth's...frjt8r7 in CryptoCurrency on 23 May 20 (1pts):
eth by far. bitcoin is racing towards a dead end and everyone knows it but choose to ignore it and scream moon all day long. its sad but true bitcoin cant sustain anymore growth and there's no plan...frjr53k in technology on 23 May 20 (1pts):
how about let it fucking sink so it can be bought for a penny on the dollar? only thing this system is doing is promoting irresponsible business management because ''why take precautions or innovate...frjq6q8 in technology on 23 May 20 (1pts):
the best way to make you gmail inbox safer is to use protonmail instead haha.frjg2ez in CryptoCurrency on 23 May 20 (1pts):
i can attest to this. i did a piece that shows how 4mb block would HELP bitcoin adoption AND decentralization and was banned for promoting BCH, which i havent talked about once in all of my...frjfwao in CryptoCurrency on 23 May 20 (1pts):
no, its means goldman needs a conference call to tel investors not to buy bitcoin.frjfehq in CryptoCurrency on 23 May 20 (1pts):
proof of funds is the scummiest bullshit ever created. allows institutions to literally steal money from legitimate users who cant provide a proof. its easy for freshly earned money now that we know...frjbtml in CryptoCurrency on 23 May 20 (1pts):
it doesnt really matter how much the fed prints, because it wont leave the fed without someone taking the loans, and nobody wants a loan right now. theses funds mainly exist in order to prevent the...frgj543 in politics on 22 May 20 (1pts):
why? its not like he has issues routing a billion dollars of public funds over to Ukraine.frggmty in CryptoCurrency on 22 May 20 (1pts):
''in a nutshell'' dont hang out in bitcoin or btc, bitcoin has gestapo mods and btc is salt all day long.frfp692 in WhitePeopleTwitter on 22 May 20 (1pts):
just go gamble 100x till you make it, ez.frfoe8c in LifeProTips on 22 May 20 (1pts):
Discord my friend, Discord.free9l1 in CryptoCurrency on 22 May 20 (1pts):
hahaha, no.fredual in CryptoCurrency on 22 May 20 (1pts):
dw bout it, everyone pays to learn in this space. some later than others. better take your loses early on rather than get your illusion of success shattered down the road.frdpvm8 in CryptoCurrency on 21 May 20 (1pts):
all you had to do is claim you hex, for free. if you dont pay for something, how are you getting scammed? you have no clue who gave him that eth, for what purpose, and if they're okay with him...frdo9tl in CryptoCurrency on 21 May 20 (1pts):
lets be honest, sending them to an exchange that has ''Fren with justin sun'' written all over it was not exactly his most genius moment.frde4ag in CryptoCurrency on 21 May 20 (1pts):
folding is great but it honestly pisses me off at the same time. there is so much spare computing power owned by american companies and almost all of it is never put to use for folding, it should be...frddkuy in CryptoCurrency on 21 May 20 (1pts):
''investing'' in crypto is honestly the wrong way to think about it. gambling is a much better term. at best you're all in on btc and you're hedging against fiat inflation, at worst you buy any...frdcffn in CryptoCurrency on 21 May 20 (1pts):
that explains why you know nothing about it.frdaz60 in CryptoCurrency on 21 May 20 (1pts):
doubtful. negative interest rates in a deflationary environment wont be a big deal. yall really seem to misunderstand how good the USD is at fucking you over. keep believing hyperinflation is gonna...frdantd in CryptoCurrency on 21 May 20 (1pts):
you havent seen nothing yet my man. 2017 had fees up to 100$. its gonna happen again.frcveyn in CryptoCurrency on 21 May 20 (1pts):
considering he thinks bitmex sells trader's fund on spot after they place a trade, its fair to say this guy doesnt know anything about anything.frcn75e in CryptoCurrency on 21 May 20 (1pts):
this is the dumbest article ever made on crypto.frcmmkz in CryptoCurrency on 21 May 20 (1pts):
you're an idiot.frcgfqm in CryptoCurrency on 21 May 20 (1pts):
while i agree that bitcoin sucks as it is and needs a block size increase (4mb would be perfect for now and wouldnt change a damn thing about decentralization) bsv is garbage and bch too.frcg7pc in CryptoCurrency on 21 May 20 (1pts):
those 3 pools are also made of thousands of individuals. its not the pools' hashrate. if they start messing with the network, that hashrate will leave fast as fuck.frc3yb5 in CryptoCurrency on 21 May 20 (1pts):
yet only 5mil in liquidity. useless network.frbyhp0 in CryptoCurrency on 21 May 20 (1pts):
btc blocks should be 4mb-8mb right now to keep in line with technological advancement since the 1mb block limit was implemented. prove me wrong. ill debate anyone. and before you ask, im a btc...frbxj5j in CryptoCurrency on 21 May 20 (1pts):
opening the pandora's box for market manipulation is a bad thing for wallstreet. these's patterns are not exclusive to crypto, at all, and ''trapping'' and stop hunts has been done for decades. this...fr8anz5 in CryptoCurrency on 20 May 20 (1pts):
honestly wouldnt be surprised. btc isnt going anywhere without scaling and ln is a cluster fuck for adoption.fr64v2n in Bitcoin on 19 May 20 (1pts):
rofl.fr64mko in Bitcoin on 19 May 20 (1pts):
this is software or 3rd parties trapping people into having to use those fees.fr649wf in CryptoCurrency on 19 May 20 (1pts):
that company is a fucking leech regardless how you look at it. trying to make itself relevant by attacking others. they arent doing anyone but themselves a favor. you can hate on XRP just as much as...fr62m0n in Bitcoin on 19 May 20 (1pts):
this is absolute garbage propaganda to assume that nodes would drop out rather than upgrade. im so fucking tired of people pretending like buying a 400$ computer to run a node is a problem but...fr61jya in Bitcoin on 19 May 20 (1pts):
supply is 18million, not 900/day. there's plenty to buy from. also if you are talking about paul tudor jones, he didnt buy a single bitcoin and said so himself that he would only be playing futures...fr60yqv in Bitcoin on 19 May 20 (1pts):
store of value is NOT a use case, and bitcoin is NOT widely adopted.fr5yqcw in Bitcoin on 19 May 20 (1pts):
" not really looking for financial advice " maybe you should.
https://pundix.comsubmitted by Superbit123 to PundiX [link] [comments]
Pundi X’s mission is to make buying crypto currency as easy as buying bottled water. As the Walmart and 7-Eleven of crypto currency, we want users to buy and use crypto currency anytime anywhere.
Pundi X a leading Singaporean-based blockchain company recently ranked by KPMG as one of the world’s “Emerging 50” firms that are at the forefront of innovative technologies and practices in its 2018 Fintech100 report of Leading Global Fintech Innovators.
We have a product poised for mass adoption infrastructure, where consumers can buy and sell crypto at any participating retailer and spend their crypto.
For every transaction, through the XPOS (which is a point of sales) machine, there will be a token burn coming. Token burns mean reduced supply over time. The more machines in outlets and more people using crypto means supply will decrease, therefore the demand will increase. Pundi X will not be an erc20 token for long, Pundi X is creating its own blockchain called the f(x) blockchain.
- Instant transactions worldwide 24/7.
- No monthly charges or any hidden fees.
- Merchants will receive revenue back, a whopping 65% from the total transaction fee, on every single Crypto related transactions.
- Consumers can readily buy/sell Crypto currencies straight from the actual XPOS device.
- No Banks needed, hence serving the un-banked and the under-banked population.
- Merchants can receive payment in their local fiat to avoid Crypto fluctuations.
- Supports Mobile payments, NFC, QR Code and all current traditional payments.
- The POS can setup your inventory, loyalty programs, ads, and print smart receipts.
- Avoid high Visa/MasterCard/Credit Card fees using XPOS solutions.
- 5,500 XPOS Dispatched already to 25 countries.
- Tested over a two day period in the Historical first ever crypto mass event with "Ultra Taiwan Music Festival" with 30,000 + attendees, went flawlessly, (see videos on Pundix Official YouTube Channel).
- 7,000 More XPOS going out soon.
- 300,000 XPASS dispatched.
- 60,000 + Transactions over the XPOS.
- 20 + Top Crypto Exchanges.
- 45 + Events attended.
- 150 + Team members.
- 7 Head Offices globally.
Function X Blockchain – A game Changer:
The f(x) (short for Function X) blockchain under current test environments, each XPOS is an f(x) node; all data from the XPOS will be fully encrypted and stored in f(x) low level IPFS. Our IPFS is one that is specially designed for XPOS, f(x) and other smart devices. The f(x) public ledger will record all transactions, and the chain deploys sharding and PBFT.
At Pundi X, we believe that open source is the way to go and to strengthen the blockchain community. We will gradually enable all of our operating system and f(x) chain’s code to be open source. It will be free for all Dapp software and hardware manufacturers to develop products for the f(x) ecosystem, hence achieving true decentralization. Let’s all work together and re-engineer a decentralized world.
10x for Speed;
Visa can run 7,000–20,000 transactions-per-second (“TPS”). Any blockchain that offers small multiples of speed improvement is unlikely to displaced a tried-and-tested system like Visa. A 10X increase means 200,000K TPS has to be achieved.
Our upcoming blockchain called Function X (fx for short), we have to make sure we are comparable if not faster, at 10X it is at least 200,000 TPS, not just on paper, but in real application.
Sharding depends heavily on the availability of nodes. Confirmation processes increase by an order of magnitude when you increase node counts, we are already deploying the XPOS which will act as nodes.
10x for Scaling;
Scalability in a restaurant means how fast can you serve your meals, the faster you can scale, the more business you can have. Therefore, companies like McDonald’s spend a lot of effort shortening the time between ordering and checkout to serve its customers.
Scalability in blockchain is similar: it depends on the code (how fast can the burgers be flipped) and also nodes (how many cashiers can confirm the order). So whose code is the best? We will only know when proven. And what about nodes? The blockchain with the largest nodes will prevail. Currently Ethereum has the most nodes, but maybe not for long.
10x for Consensus;
And what about nodes? The blockchain with the largest nodes will prevail. Currently Ethereum has the most nodes, but maybe not for long.
With our minimum plan to roll out 100,000 XPOS in three years, we will be able to scale up transaction numbers significantly as the number of XPOS devices increases.
Can we do much more than 200,000 TPS? Let’s analyze: Sharding is a process of dividing a global network into pieces of a local network.
Each local network would then take charge of two-thirds consensus so that a particular transaction is verified in the local network and then broadcast to the global network.
Five Pillars of Function X Blockchain;
More details here;
The Road ahead: https://medium.com/pundix/f-x-%EC%95%9E%EC%9C%BC%EB%A1%9C-%EA%B0%80%EC%95%BC%ED%95%A0-%EA%B8%B8-cb258f0e397c
The XPhone, and the first true blockchain phone call, we demonstrated to thousands that we had a new protocol for communication that could take blockchain beyond the world of financial transfers. The X phone is powered by Function X OS which is based off the Android OS 9.0, so there is a backward compatibility with any Android apps.
Blockchain-based calling and messaging can be toggled on and off on the phone operating system, which builds upon Android 9.0.
On the blockchain mode, the services in the XPhone can operate completely independently of centralized carriers. Users can route phone calls, messages, and data via blockchain nodes without the need for centralized service providers.
The XPhone is in fact the first mobile phone that can run completely on a decentralized ecosystem powering telephony, messaging, and data transmission. The XPhone itself significantly expands the use of blockchain technology beyond financial transfers.
Every XPhone is also a node on the network to contribute to the operation of the blockchain ecosystem. Content and connectivity are organized in a distributed, node-to-node manner.
- Every device in the Function X ecosystem will be a node and each will have its own address and private key, uniquely linked to their node names, not unlike traditional URL and IP addresses.
- The OS can be overlayed to any existing Android devices without any compromises and compliment as a node to the function X blockchain.
- Using a new DApp published on Function X, Zac hailed a New York City cabbie from midtown Manhattan to Central Park via a smart contract executed on Function X. The taxi order was both conducted and recorded on-chain and by-passing any ride-hailing service via XPhone.
- In the browser, you may browse the traditional Internet via HTTP or use the blockchain Internet via FXTP.
- In f(x) OS, users are able to switch seamlessly between two modes. The blockchain mode allows a user to be connected to the blockchain - everything which you do in this mode like texting, calling, taking photos, browsing, etc. will be transmitted via the blockchain. In the traditional mode, it is like any other Android phone.
- You can develop DApps for X Play Store and regular apps for Google Play Store.
Note: Final design and specs are subject to change.
The FX blockchain: Giving data control back to users and creators.
“What this all means is that data control can and must be given back to users,” said Pundi X Founder and CEO Zac Cheah.
“Telecommunications and Internet companies have derived tremendous value from controlling data. By decentralizing apps, we can put this data onto a smart contract, effectively giving control back to creators and to users”.
“Much of what we call peer-to-peer or ‘decentralized’ services continue to be built upon centralized networks. We are changing that,” added Cheah.
Mobile devices as nodes;
“Scalability in blockchain is derived from the number and geographic spread of nodes. It is clear how achieving a critical mass in terms of scale will require something with a high utility for people. The XPhone thus has the potential to establish a large global pool of nodes,” said Pitt Huang, co-founder and CTO of Pundi X.
“And with Function X offering people the choice to be independent of a centralized communications network we’ve created a new use, a high and universal utility for blockchain. In turn, this will give life to a network large enough to support better scale, throughput, and new potential applications, plus true decentralization that has so far eluded blockchain.”
YouTube in-depth close up videos;
More details here;
All Partnerships (so far):
-American Chamber of Commerce Korea, AMCHAM is the largest foreign chamber in Korea with around 1,800 individual members from almost 900 member companies with diverse interests and substantial participation in the Korean economy.
Their partners includes, MacDonald’s, Star Bucks, Hyundai, United Airlines, Citi, Hawaiian Airlines, MetLife, Ford, Honeywell, Johnson & Johnson, Bayer, Cisco, HUB, Nike, Oracle, Kelly, Philip Morris, Hyosung, Cigna, Kim & Change, Pfizer Korea, and many more, see link below;
-Ebooc (Government UEA) Ebooc and Pundi X will provide several other applications for consumers such as making retail payments; paying for government services, fees and fines; utilities and bills; telecommunication bills and school fees on POS devices running a stable, digital equivalent of traditional fiat currencies in the region.
The move brings our world-leading, blockchain-based XPOS technology, XPASS card and e-wallet to the Gulf, Middle East and North Africa region for the first time with Ebooc as the official partner under the terms of a strategic partnership agreement as executed.
Additional Back information about the Founder of Ebooc: Entrepreneur & Senior UAE Government Official with deep Government experience of over 20 years. From his current role as Assistant Undersecretary, Industrial Development Sector at Ministry of Economy, UAE, Abdalla has been able
to participate in policy-making and planning strategy for ministry of Economy and oversee the operations and major projects within the industrial sector.
Developing action plans and programs for the industrial sector, overall supervision of the industrial licenses issued by the ministry, General supervision of Institutions Support Department, which specializes in conducting necessary studies for the development of industrial exports.
Regulations and specifications of Foreign Affairs in coordination with stakeholders Prior to this was the CEO strategic planning & affairs at Emirates Post Group was on the Board of Directors of Wall Street Exchange Chairman of the Executive Committee ; Vice Chairman of the Emirates Marketing & Promotion Corp. Board Member of the Emirates Courier Services – Empost.
-NEM, (Deal to deploy additional 20k XPOS units) A commitment to use NEM's blockchain technology to produce 20,000 of the world's first NEM-based POS terminals, called NEM XPOS.
To foster this project, we completed a private allocation totalling US $ 17 million (USD) on April 5, 2018. The fund will be used for technical integration and production of at least 20,000 XPOS NEMs over a three-year period.
-Ubivelox, they have become an international innovator in the development of smart cards, mobile communications and blockchain (ranked 6th largest in the world). The two companies will work together on XPOS and XPASS technology development, security and market deployment, which will not only facilitate the promotion of Pundi X in Korea, but also help accelerate the layout in the global market.
-QEX Fund SP; At Consensus: Invest 2018 in New York, we introduced the QEX fund in partnership with Quantum Energy Asset Management (QEAM). QEAM & R.E. Lee International Capital unveil $100 million fintech-focused hybrid fund, QEX Fund SP.
Vic has over three decades of experience in banking and securities, including as the former Chief Operating Officer, Asia Pacific, for Global Transaction Services at Bank of America Merrill Lynch, and as the former Chief Risk Officer at Hong Kong Exchanges and Clearing.
“The combined expertise of QEAM, R.E. Lee International Capital and Pundi X provides a differentiated offering and a strong edge, amplifying the unique proposition of traditional finance and technological expertise in fintech and emerging innovative technologies such as blockchain,” said Mr. Tham. “It is rare to bring together a team that has decades of experience in fund management, securities, banking and also emerging fintech and blockchain technology all under one roof.”
R.E. Lee International Capital Pte. Ltd. QEX Fund SP is targeting a USD $100 million fund size with a minimum subscription of USD $300,000 and is available to non-US accredited investors from today. For further information, please email to;
[[email protected]](mailto:[email protected])
The F(x) Coin;
The f(x) ecosystem is fully decentralized. It’s designed and built to run autonomously in perpetuity without the reliance or supervision of any individual or organization.
To support this autonomous structure, f(x) Coin which is the underlying ‘currency’ within the f(x) ecosystem has to be decentralized in terms of its distribution, allocation, control, circulation and the way it’s being generated.
Broadly, there are four main participants in the f(x) ecosystem, as shown above:
Infrastructure service provider, Developer and Financial service provider contribute the seamless operation and service shall generate the positive circulation, innovation and value flow to the f(x) ecosystem.
The value flow of the Function X ecosystem;
Together, these four participants will create a positive value flow. More service providers will enhance the quality of service and attract more consumers. More consumers will bring more value to the ecosystem by attracting more service providers,and creating f(x) Coin liquidity.
Deep liquidity of f(x) Coin will attract more financial service providers to enhance the stability and quality of liquidity. This will attract more service providers to the ecosystem.
Utility of f(x) Coin;
f(x) Coin is the native ‘currency’ of the Function X blockchain and ecosystem. Services rendered in the ecosystem will be transacted with the f(x) Coin. Possible scenarios include:
Hence f(x) Coin can be used as ‘currency’ for the below services,
Updated fx article:
Visa, MasterCard, Apple Pay, Samsung, American Express, BNB, LTC, XVG, NPXS, E2Pay.co.Id, Alipay, M-bayar, Go Pay, WeChat, Xpos Consortium, Ubivelox, XPOT and many more.
Manticora Capital, Bit Captial, Ubivelox, BlockPay and more to follow.
NEM, UTrust, GGOX, Verime, Wanchain, Stella, Genaro Network. More to follow.
Why Pundi XPOS;
Pundi XPOS not only facilitates cryptocurrency payment or transactions but also accepts transactions through mobile wallets and traditional bank cards.
Our POS solution can support retail intelligence, inventory management, order management, marketing and loyalty programs. Pundi XPOS device is an all-in-one solution for retailers.
· Accept cryptocurrency as payment
· Intelligence clearing system to increase the value of the store properties
· Selling and buying crypto currencies
· Support BTC, ETH, NPXS, BNB, XEM, QTUM, XVG, ACT, LTC, DGD, XLM and more crypto currencies.
· Support cryptocurrency payment card, such as Pundi XPASS card.
· Support mobile payment apps, such as Alipay, Visa, Mastercard, ApplePay, E2Pay, Go-Pay, Pundi-Pundi, and WeChat Pay.
· Support cryptocurrency wallet payment, such as Qbao, X Wallet, Nem Wallet and more.
· Establish credit history and reduce financial risks
· Provide a gateway for financial service providers
· Support loyalty / membership management system
· Support promotional and NPXS reward system
· Support 3rd party delivery and logistic service providers
- Instant Transactions - XPOS transactions happen instantly at less than 0.5 seconds. No delays. Just pay and go.
- Fiat Settlement without Volatility - To avoid any volatility risk, merchants will receive their settlement in fiat money.
- Work Easily With XPASS & XWallet - The XPASS card is an easy-to-use tap card for crypto beginners. Top it up with your preferred cryptocurrency and pay with ease. You can also pair your XPASS card onto the XWallet mobile app and use it with the XPOS.
- Support Multiple Cryptocurrencies - The XPOS is cryptocurrency-neutral, so you can transact with your favorite coins or tokens like BTC, ETH, BNB, NPXS, etc.
- Buy Cryptocurrency With Ease - In addition to making payment, customers can purchase cryptocurrency like Bitcoin from the XPOS with ease. The experience is as easy as buying a cup of coffee.
- Merchants get back 0.65% of the total fee for every crypto transactions.
Please see the Medium reports for more details on all developments to date: https://medium.com/@PundiXLabs
XPOS Order Form;
XPASS Card Order Form;
The XWallet mobile app connects regular digital asset wallets with the Pundi X payment ecosystem. It allows users to easily make payments in physical stores via the XPOS & e-commerce using our "Collect" feature of the app.
The XWallet can also be paired with the XPASS, making it a digital payment app that can be used anytime, anywhere. To download App for Android or ISO see below and to see a built-in guide for merchants and users guide are within the actual XWallet App or here:
Merchants Collect Feature (e-commerce);
1. Submit an XWallet Merchant application via the app and once the application gets approved, then your “Collect” page would be marked with “Pundi X verified merchant”.
2. You can open the XWallet app, then show the QR code on “Collect” page for customers to scan and pay;
3. You can also tap “Save” on “Collect” page to download your QR code as a picture, print it out, and place it by the checkstand for customers to scan and pay. This would be a more convenient way to collect payments.
4. Collected cryptocurrency assets would go directly to the XWallet Merchant’s Virtual Card account.
My actual QR code, scan to see UI on XWallet.
This is a powerful tool for e-commerce's to upload their QR Code on websites payout section. Sending any supported currencies on the X Wallet is accepted by one single QR Code, such as the above.
You can easily manage your digital assets, check your current balance, or top-up in the XWallet. By default, each user will have a virtual XPASS card in the app. You can also pair your XWallet with your Pundi XPASS card to make payments directly from the app when needed.
If you lose the XPASS card, you can transfer all your tokens from the XPASS card to the XWallet app or to another XPASS card.
Instant Payments Online or Offline;
Transactions via an internet-connected XWallet or XPASS can be processed immediately, while offline transactions can be made by scanning the QR code, which will later be uploaded onto the blockchain. The XWallet, in short, keeps up with your busy lifestyle.
How to top up your XWallet from other wallets;
XPASS Card Order;
Burning of NPXS;
A quick summary of Pundi X token’s utility on each and every transaction:
The XPOS is comprised of two parts, the consumer and merchant.
The Point of Sale device (XPOS);
For the merchants;
For the XPASS holders;
To better comply with ever-changing regulatory requirements, our legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019. Given the shortened period, we will increase the unlocked-token rate over the next three months. Please note that the total distributed amount of the tokens will remain the same as stated in the whitepaper.
You need to hold your NPXS or NPXSXEM on supported exchanges or wallets such as XWallet, Binance, Imtoken or in any ERC20 wallets that you control your private key.
Snapshots will be done on a daily basis and at random times for the next 3 months.
The unlocked tokens are calculated on your total tokens held, which are then distributed. Program schedule below;
Starts: 00:00:00 GMT+8 on March 1, 2019
Ends: 23:59:59 GMT+8 on May 31, 2019
Unlocked token rate per month: 11.063%
You need to hold the whole month to receive the full %. If you hold less days, you will receive less %.
We recommend you to use an ERC20 wallet that you control your private key, because Binance for example uses their own system, so if they do their calculations wrong, it wont be Pundi X's fault. Supported wallets and exchanges below:
BinanceOkcoinkrBittrex InternationalHotbit - npxsxem tokens supportedWazirXUpbit
Xwallet - npxsxem tokens supportedCoinmiEthosImtokenTrust walletEnjinEidooExodus
MyEtherWalletMetaMaskMistParityGeth LedgerXwallet Web - npxsxem tokens supported
Ledger Nano S
Formula;The formula to calculate the base of your NPXS/NPXSXEM monthly holdings is the same as previous months but the rate is adjusted:
[(The average of the daily lowest NPXS amount of the month X 10%) + (the daily average NPXS amount of the month X 90%)] X 11.063%
This will be a new option in addition to transferring NPXS / NPXSXEM into the XWallet.
The Team is working hard to enable the private wallet option before March 10, the day of this "OPTIONAL" staking process kicking off.
We will do this by having holders “register” their own ERC20 or NEM wallet public address, in XWallet so that we can properly track the holdings of NPXS / NPXSXEM in those wallets to enable decentralized staking", allowing you to get the fx coins in the Xwallet, whilst getting your normal unlocks where you're getting them now. Nano S will be supported as well.
Case study of fees;
▪ 100% of Pundi X’s revenue that is generated through transactions on the XPOS will be removed permanently from our NPXS token circulation (and that's called token burn). This means that if Pundi X makes $1 of revenue from a transaction, they will take $1 worth of NPXS out of circulation permanently. NPXS tokens taken out of circulation will never be able to re-enter the circulation in any way as they will no longer exist.
▪ if the transaction is made in Pundi X tokens, we will take the tokens immediately out of the total supply. If the transaction is made in other tokens or fiat, we will use the proceeds to buyback NPXS, after which we will permanently remove the NPXS tokens from circulation and ensure they can never re-enter circulation.
▪ In case of a fiat to crypto transaction (including a payment with mastercard/visa) NPXS will be also burned.
▪ Case study 1: a user buys $1,000 worth of crypto from a merchant in a store using Pundi XPASS card. The total charge a user has to pay is $1,010; $1,000 for the crypto and $10 for the service fees. Of the $10 received, $6.50 is paid to the shop merchant for rendering this service. $3.50 is paid to Pundi X for providing XPOS (switch) and XPASS (Issuer) service.
Contact Us;Please also read the white paper which can be found on the official webpage: https://pundix.com/
A detailed simple guide for Pundi X in Spanish language;
submitted by 1loveone to OOOBTC [link] [comments]
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b) Go-to-market strategy c) Token Models & Distributions
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Reddit : https://www.reddit.com/OOOBTC
Author ; cryptounique
Bitcointalk Profile URL:https://bitcointalk.org/index.php?action=profile;u=2524596
Eth wallet : 0x00a9b763ff87ae5e9c6312779456144a06f6200f
A:Hello sparakh17. The platform will not go from 0 to 1. Instead, the rollout of new features will be performed gradually to ensure the highest possible standards you've come to expect of ICONOMI and a spotless user experience. This is a practice we have used in the past, and it has proven to work best in the long run. It takes just one bad experience to turn people away. We are in constant communication with DAA managers and are committed to adding new DAA managers continuously. With intensive two-way communication, we are able to pinpoint the most important parts of the experience and usability in real time, tweaking development and improving the experience for all the new users and managers who join the platform. We chose the first twelve DAA managers for a reason—together we are making the platform a highly dedicated tool tailored to the needs of its users.Q: Once the platform has been released, and marketing is in full swing, will you be able to add more in-depth KPIs to your shareholder's report, and what ones would you look to add?
The same process will be used for the introduction of the fiat ramp-up, the ability for DAA managers to set DAA structure themselves, and all other features that change the behavior of the platform and therefore must undergo meticulous testing, both in-house and in cooperation with DAA managers. Using this very same process before opening the platform completely on August 1 enabled us to launch without bugs. We favor this process to ensure quality and roll out gradually, so it is very hard to specify an exact date of “the” launch. Anyone can apply to be a DAA manager even now, but the acceptance criteria lower as the platform becomes more and more robust, feature-rich, and automated. However, DAA managers will be added continuously, and everyone is welcome to apply.
A: Hello owenoneilluk. You’re right; these are critical statistics. We will be tracking all of these KPIs. Some will be included in our reporting and be accessible via an API, but we have not yet confirmed the complete list. All the data, however, will be available to DAA managers.Q: When can we expect an independent third-party audit?
A: Hello WorldsMostDad. We are currently in talks with Big Four audit firms. We expect the audit to take place in 2018. As part of our commitment to transparency, we will be the first blockchain project undergoing third-party auditing at an institutional level. The audit will confirm the accuracy of our financial communications, such as the data released in our quarterly financial reports. This kind of transparency will be key to bringing institutional investors onto the platform.Q: When the FIAT gateway apears on ICONOMI will the ICONOMI Debit card apear at the same time or with delay? If delayed, what kind of delay are we talking about?
A: Hello investmox. The fiat ramp-up and the debit card are two separate features, both of which will be released over several phases. First, fiat will be added as an option in DAA structures. This will enable managers to temporarily move into fiat during periods of high volatility. The next step will be enabling fiat deposits for large transfers over a certain amount, which will allow us to bring bigger investors onto the platform. Later, the fiat gateway minimum amount will be removed. The debit card infrastructure will be developed in parallel and is likely to be released soon after the fiat ramp-up because it takes more time to develop, implement, and test.Q: Hello Iconomi team! Platform looks better and better with every update!
A: Hello Daparski. In the future, users will be able to track the AUM for each DAA directly on the platform. For now, the current AUM for BLX is $8,495,546.39, and the AUM for the other DAAs combined is $2,721,384.90.Q: In a previous AMA, it was stated that ICONOMI was working on an assurance to cover potentially lost of assets. Can you elaborate on the current status regarding the insurance of ICONOMI's assets, and what type of losses are covered (i.e. server hack, protocol bug, software bug, etc.)?
There are 33,253 registered users on the platform at this time.
A: Hello zuiderwijk. We will release details about the scope of our insurance policies once the deal has been finalized.Q: What steps have been taken to solve the issue regarding the parity vulnerability and minimizing the risk of similar events occuring in the future?
A: Hello CorradoJunior. We are closely monitoring the situation. The Parity team is working on a solution, and the frozen funds could be unlocked with the next planned Ethereum hard fork. We will continue to update the community when we receive any new information. We want to emphasize that all of our users’ digital assets are safe and that the functioning of the platform remains unaffected.Q: Currently 20% of realized profits from CCP are being used for buybacks. However, most of the CCP assets are being held in Ether which won't count towards buybacks; and also it's previously been communicated that the profits will be calculated against the currency they were purchased with. This means that even if an investment doubles in USD, there could be 0 realized profits if the eth or btc pair it was purchased against also doubled.
Security procedures must be constantly reevaluated and improved, especially in the blockchain environment. We are implementing an overall security program to address these new challenges.
A: Hello stephen2512, and thank you for your interesting proposal. We will take it into consideration, but we currently have no plans to change the fee structure for CCP. Charging a 3 percent management fee on CCP may have some benefits, but it would impose significant added costs for ICONOMI that would outweigh the benefits at this time.Q: Do you work towards partnership with well-known investment funds?
A: Hello Bumerang007. Details about any future partnerships will be released when they are publicly announced.Q: There has been ongoing communication from Jani8x and the team that Iconomi will "always keep enough assets in fiat for at least 2 years of runway. In that case operation will never be jeopardized no matter what" (https://www.reddit.com/ICONOMI/comments/697cbiconomi_ama_may_2017/dh548ay/).
A: Hello stephen2512. Thank you for your detailed analysis. It is important to understand that team size does not grow linearly, so a growth rate of 15 percent every quarter is very unlikely. It is also necessary to take potential revenue into account when making projections of this kind. Our fiat holdings are not fixed: we monitor the level of our holdings closely and adjust it based on our expectations of what will happen in the crypto market.Q: As I understand, Iconomi has a positive cashflow after a year of existence. Please elaborate on a Cost-to-Income Ratio (CIR): I would like to understand the main drivers of numerator and denumerator, what are your CIR predictions for 2018/2019, and what does Iconomi plan to do with company profits?
A: Hello drediedas. Operating costs are mainly salaries, rent, legal costs, travel, and other administrative and fixed costs, while operating income is comprised of fees generated by the platform.Q: Are you actively pursuing partnership opportunities with traditional financial institutions (outside of blockchain.one). (E.g. If Iconomi could be the preferred partner of Fidelity for cryptocurrency investors; that would be exceptional)
ICONOMI is a very dynamic project. It is impossible to imagine all the changes the fast-moving blockchain environment will go through over the next two years, and regulatory changes may impose new costs. Because of these factors, it is difficult to make useful long-term CIR predictions.
A: Hello vertigo2130. Yes, we are constantly working with traditional financial institutions to form new partnerships and to get feedback. However, as mentioned in our response to Bumerang007’s question, we cannot talk about specific potential partnerships until they have been confirmed and publicly announced.Q: When it comes to voting, it seems like the corporate standard is usually just to vote on the executive team. I know the details for this are still being worked out, but can some clarification be given at least to if we would just be voting for the executive team we want or if the only option will be, vote for the whole ICN team or vote for another whole company to manage it. It seems like if we’re forced to choose between entire companies then the fix is in because most people would never want to risk that. It would make more sense to vote only for the executive team.
A: Hello stephen2512. ICN holders will definitely be voting on the service provider for ICONOMI, but the details will be further defined. The concept of a service provider is new, and the actual process will largely depend on the state of legislation. As we have stated in previous AMAs, we will release more details about the voting process as the two-year mark approaches.Q: Using transparency as key iconomi value, using old economy rules of transparency would also apply in full with no obstacles. Such as reports of ICN buy and sell transactions.
A: Hello legaltenderlegal, and thank you for the suggestion. In future, we will be publishing this data in full.Q: I'd like to know the due diligence that ICONOMI take before making any investment via Pinta - specifically I'd like to know what thought/reasoning went into the investment in Musiconomi? Is association with CoFound.it enough to secure a Pinta investment or do you see some long term play there?
ICONOMI has always been deeply committed to transparency. We are in the process of hiring a Big Four auditing company, which will help us ensure that we are correctly applying all the rules of transparency from the old economy. We also touched on this topic in our response to WorldsMostDad’s question above.
A: Hello benjaminbrick. Regarding Musiconomi, we cannot comment on Pinta investments on a deal-by-deal basis.Q: Hello ICONOMI team. Great work so far on the platform, but we investors in ICN sometimes get the felling that you are neglecting ICN token a little. We get questions "what gives ICN value" or "why would I even buy ICN token since it's got no use" on this subreddit almost every day. How would you anwser that question and how do you see ICN moving forward in 2018 and beyond.
The art of early stage investment is understanding the business and people behind the project. Questions we ask when evaluating a project include: Are the founders in it for the right reasons? Does the project make sense in terms of marketing? Is the project technically feasible? There are no metrics involved in the process because early stage companies don’t have reliable metrics yet.
It is also important to stay up-to-date with the latest developments in the blockchain world. We achieve this through great communication with ICO incubator Cofound.it and by meeting and speaking with other companies at conferences.
A: Hello lakopy. The parameters of the ICN token have not changed since the ICO and remain as promised in the original whitepaper and explained in several AMAs and blog posts. The buyback program and the vote on the service operator are the direct implementations of the whitepaper promise. We have also gone forward with the utility of the ICN token, as previously explained. What made us one of the most successful projects in 2016 continues to hold true in 2017 and will continue to hold true in 2018.Q: After the Parity incident you have stated that all users’ digital assets stored on the platform are completely safe, and the functioning of the platform is unaffected. However, some of the company’s assets were stored using the affected Parity multi-sig contract and will remain inaccessible until the situation is resolved.
A: Hello IReadErgoSum. The distinction between user assets and company assets is simple: user assets are any assets transferred to the platform by a user, and company assets are the assets ICONOMI received during the ICO. Because all the company’s assets are available for operational expenses, we do not distinguish between invested assets and assets used for operational expenses.Q: Hi! Which legal entity will hold licence for providing fiat gateway on the Iconomi platform. Iconomi Inc. or some other?
A: Hello lakopy. The license will be held by a daughter company of ICONOMI that is currently being established.Q: Hello, good job with the progress of the platform and scaling the company. But help me to understand one thing: why profits (of sold tokens you received from hardforks and airdrops) are not used for buybacks (BCH, OMG)? Iconomi had about 1000-1500 BTC in Pinta, received same amount of BCH and sold it, which means at least something out of it should go to profit. Same goes to OMG airdrop.
A: Hello UnforgettableSandbox. The digital assets that ICONOMI DAAs receive via hard forks and airdrops are not sold for a profit. These assets are either converted into the digital assets that make up the DAA and distributed across the structure or, as with Pinta and Bitcoin Cash, added to the structure as a new investment.Q: What keeps you, the employers of Iconomi, working on Iconomi? In other words, what is it that keeps you motivated to keep up the work for the platform?
A: Hello Dogephone. In addition to the vision of ICONOMI—bringing together the old and the new economy—the ICONOMI team is comprised of the best people anyone could hope to work with. In this early stage of blockchain, the field attracts the brightest and most intelligent people who are all extremely passionate about their work. It is a field that changes constantly, which gives room for constant improvement and growth, both on the personal and professional levels of each individual working here. The work is never boring because there are many challenges to overcome and unknowns to figure out. Doing this in a team of like-minded, highly motivated people who are passionate about their work is a once-in-a-lifetime experience..
The Transaction class lets you deserialize, serialize, build and inspect transactions. It also helps you track interesting metadata about a transaction such as which blocks (if any) it has been included in, and how much confidence you can have that the transaction won’t be reversed/double spent. What do transaction confirmations mean? The blockchain is the ledger that records all bitcoin transaction. It’s the state of the bitcoin network. A transaction initially starts of as unconfirmed. Unconfirmed means that it hasn’t been added to the blockchain yet. Miners pick up unconfirmed transactions and package them into blocks. Number of Confirmations. The classic bitcoin client will show a transaction as "n/unconfirmed" until the transaction is 6 blocks deep. Merchants and exchanges who accept bitcoins as payment can and should set their own threshold as to how many blocks are required until funds are considered confirmed. When potential loss due to double spending as nominal, as with very inexpensive or non Just FYI, once you send a Bitcoin transaction you can't cancel or reverse it. That is one of the main points of Bitcoin. I think depending on your wallet you might be able to resend the transaction with a higher fee to a different address, and then the miner will use that one due to the higher fee, but this isn't something you should count on being able to do. A transaction ID looks like this: 7a43510802e113b7059851ef0a8a5c3625db37541861dd982f56253b2d5c4ff9. To check the number of confirmations for a transaction, paste the
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