{
  "url": "https://blockindex.ai/coin/pundix",
  "name": "Pundi X",
  "links": {
    "github": null,
    "website": "https://pundix.com/",
    "whitepaper": null
  },
  "dScore": 29,
  "market": {
    "priceUsd": 0.09556029051740843,
    "marketCapUsd": 24691492.933297068,
    "volume24hUsd": 1298438.54791317,
    "priceChange7dPct": -1.92177706,
    "priceChange24hPct": -3.17344497
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 258526640,
    "circulating": 258386541.0999244,
    "circulatingPct": 99.9458087181748
  },
  "ticker": "PUNDIX",
  "founder": "Zac Cheah; Pitt Huang",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:29.674453+00:00",
  "fairLaunch": false,
  "launchYear": 2018,
  "description": "Pundi X (PUNDIX) is a payments-focused token and hardware/software ecosystem designed to expand cryptocurrency acceptance at physical retail points of sale. Conceived by Zac Cheah and Pitt Huang and founded in 2017, the project centers on integrating the XPOS wireless blockchain-powered POS terminal with companion consumer products including the XWallet mobile application, XPASS virtual card, p(x)Card, and the PURSE loyalty/rewards program. PUNDIX serves primarily as the transactional token within this merchant ecosystem, enabling consumers to make crypto payments at participating merchants and allowing merchants to accept a variety of tokens via the Open Platform. The project emphasizes merchant onboarding, point-of-sale integration with traditional hardware vendors, and real-world deployments as core routes to adoption.\n\nFrom a technical and architectural perspective, PUNDIX is issued as an ERC-20 token contract (contract address provided) and therefore relies on the security and consensus of its parent blockchain rather than running an independent layer-1 network. Pundi X’s distinguishing hardware component is the XPOS terminal — a small, wireless POS device intended to bridge fiat and crypto acceptance at checkout — augmented by software services that manage merchant accounts, inventory, and settlement. The 2019 Open Platform initiative expanded the ecosystem by enabling other ERC-20 tokens to be registered and accepted on XPOS terminals, broadening cross-token acceptance within the merchant network. The project also documents integration work with established POS vendors (notably Verifone) and partnership activity with Ingenico to extend deployment options.\n\nIn use cases and adoption, Pundi X positions itself squarely in retail payments and merchant on-ramping. The product suite targets small and medium merchants seeking low-friction crypto acceptance, event deployments (the project cites usages such as ULTRA TAIWAN), and partnerships with larger payment hardware vendors to drive distribution. Merchant adoption metrics referenced in the provided materials include XPOS shipments to 25+ markets and event-level integrations demonstrating consumer flow through the devices. While the project’s core utility is in payments at physical retail, the Open Platform and XWallet also aim to provide broader functionality such as token management, loyalty programs, and bridging fiat-crypto settlement for merchants.\n\nTokenomics for PUNDIX reflect an ERC-20 issuance model with a finite max supply as reported in snapshot data. The combined summary references a max supply of approximately 258.52 million PUNDIX and a circulating supply near 258.38 million, implying that the vast majority of tokens are already in circulation. Historical token operations included swaps from legacy token standards (PXS and PXSXEM) into PUNDIX between March and September 2018 at a defined swap ratio, and an ICO conducted in January 2018. The materials provided do not include a clear premine percentage, detailed vesting schedules, or a public initial percent (PIP) allocation; where not stated, the supplied data leaves distribution percentages unspecified. Market snapshots provided in the combined summary record a price of $0.2284, a market capitalization around $59.03M, and 24-hour volume of roughly $3.55M at the time of that snapshot.\n\nGovernance and organizationally, Pundi X operates as a corporate entity (Pundi X Labs Pte. Ltd., Singapore) with named executives — Zac Cheah is cited as CEO and Pitt Huang as co-founder/CTO — and the project materials point to company-led governance rather than an on-chain DAO. No on-chain governance mechanism or community treasury governance model is described in the provided files. The project materials also note that the company is not regulated/licensed by many jurisdictions and do not list enforcement actions or regulatory rulings in the supplied content. Moving forward, the project’s roadmap as described in the summarized materials emphasizes continued merchant expansion, onboarding of additional tokens to the Open Platform, and further integrations with payment hardware providers to scale real-world acceptance of cryptocurrencies at retail checkout.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 13,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}