• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Pundi X Integrates NEM Blockchain
Nexo

Blockchain Retail Startup Pundi X Raises over USD 4 Million to Successfully Complete Pre-sale ICO

Bitcoinist by Bitcoinist
5 years ago
in Press releases
0

JAKARTA, Indonesia – October 28, 2017 – Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, has successfully closed its pre-sale ICO with a total of 3,148 ETH, 613 BTC and 250,040 XEM – equivalent to 14,000 ETH or 4 million US Dollars – raised from 615 investors. The full public Initial Coin Offering (ICO) will commence on November 20, 2017.

[Note: This is a press release.]

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Pundi X

The pre-ICO cap for the Pundi X ICO is 5% or 14,000 ETH from a total ICO hard cap of 280,000 ETH. ETH is exchangeable with PXS Tokens at a rate of 1 ETH: 500 PXS. Renowned angel investors in the pre-sale ICO include David Lee Kuo Chuen and Lon Wong. Chuen serves as a Professor of Quantitative Finance and is an investor of ZCash, Qtum, TenX, InfoCorp, and OmiseGo; Wong is the President of NEM.io Foundation and CEO of Dragonfly Fintech. Nem currently ranks 7th in the Coinmarketcap.

Zac Cheah, CEO of Pundi X, said:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

We are truly grateful to achieve our presale target thanks to the commitment of hundreds of enthusiastic retail investors. Such huge community support gives the team a great deal of pride ahead of the full public ICO, which we will see institutional investors getting involved for the first time.

Pundi X aims to solve the last mile challenge for cryptocurrency purchases and sales. The company’s business builds on the existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outlets. Pundi-Pundi has already signed up more than 100,000 registered users and over 500 merchant partners in Jakarta in less than a year of operation.

Pundi X POS terminal

Funds raised by the sale of PXS Tokens during the ICO period will be used to purchase Pundi X POS devices that will be installed in retail outlets enabling consumers to quickly and easily buy or sell cryptocurrency using fiat money (Dollars, Rupiah, Baht, etc.), bank card, mobile wallet or Pundi X Pass. The purchased cryptocurrency can be stored in a digital wallet or used to make cashless payments to top up phones, pay utility bills or buy goods, subject to local regulations in each market.

Pundi X rewards qualified ICO investors with its world smallest cryptocurrency transaction devices. From now until December 20, throughout the remainder of the ICO, qualified investors with a 30 ETH or 1.5 BTC investment or more will each receive a Pundi X POS device. POS devices delivered under this offer will be shipped within 45 days after completion of the ICO process.

The target for this ICO is to raise 280,000 ETH which will help fund up to 700,000 Pundi X POS devices to be installed over a three-year period in Indonesia, Singapore, Hong Kong, Japan, South Korea, Thailand, Malaysia, Vietnam and other Asian markets, in line with the Pundi X business plan. The cost of each POS device is approximately USD 300 and consequently, about USD 30 million will be spent on rolling out the first 100,000 devices. The remaining 600,000 devices will also be funded by sales proceeds from tokens and revenue from participating B2B merchants in the Pundi X ecosystem. Pundi X expects to generate a profit from services offered by POS devices including sales of cryptocurrency such as bitcoins.

About Pundi X

About Pundi X

Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross-section of consumers and builds on the success of Pundi-Pundi which is one of Indonesia’s most popular QR code cashless payment apps. The Pundi X ICO will provide funding for as many as 700,000 Pundi X POS devices to be installed over the next three years across all target markets.

For a detailed understanding of the platform and the team behind Pundi X, check out our website https://pundix.com.

You can also find us on the following social media channels:

  • Website: https://pundix.com
  • Twitter: https://twitter.com/PundiXLabs
  • Telegram: http://t.me/pundix
  • Medium: http://medium.com/pundix
  • Facebook: https://web.facebook.com/pundixlabs
  • Youtube: https://www.youtube.com/channel/UCOIf6WeLEzZi3DQxzenTZeA
  • Telegram (Indonesian): https://t.me/pundix_id
  • Telegram (Chinese): https://t.me/pundix_zh
  • Telegram (French): https://t.me/pundix_fr
  • Telegram (Korean): https://t.me/pundixkorea
  • Kakaotalk (Korean): https://open.kakao.com/o/gNNBYXA
  • Facebook (Korean): https://web.facebook.com/Pundixkorea/
  • Telegram (Vietnamese): https://t.me/joinchat/D0-9GULzCrE_MUNqzxvj9g
  • Telegram (Spanish): https://t.me/pundix_es
  • Telegram (Russian): https://t.me/pundix_ru
  • Telegram (Japanese): https://t.me/pundix_jp
  • Twitter (Japanese): https://twitter.com/PundiXLabs_jp
  • Facebook (Japanese): https://web.facebook.com/pundixjp/
  • Telegram (Malay): https://t.me/pundix_my

Media Enquiries: 

For media enquiries, please send an email to: [email protected].


Images courtesy of PundiX

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

LBank Exchange Will List ANC (ANCT) on May 23, 2022

LBank Exchange Will List ANC (ANCT) on May 23, 2022

18 hours ago
Top Meme Coins to Buy in 2022: Shiba Inu (SHIB), Parody Coin (PARO) and Dogelon Mars (ELON)

Top Meme Coins to Buy in 2022: Shiba Inu (SHIB), Parody Coin (PARO) and Dogelon Mars (ELON)

19 hours ago
Mushe (XMU), TRON (TRX), and Solana (SOL): Three Coins That Deserve Attention

Mushe (XMU), TRON (TRX), and Solana (SOL): Three Coins That Deserve Attention

19 hours ago
Why Coinbase And Decentraland (MANA) Are Failing Whilst Chronoly Token Is Up 100%

Why Coinbase And Decentraland (MANA) Are Failing Whilst Chronoly Token Is Up 100%

20 hours ago
Is It Possible For Crypto To Go Green? Big Companies like GreenHashes Are Trying

Is It Possible For Crypto To Go Green? Big Companies like GreenHashes Are Trying

22 hours ago
Must-have crypto for DeFi Investors: Avalanche (AVAX), Yearn finance (YFI) and Gnox (GNOX)

Must-have crypto for DeFi Investors: Avalanche (AVAX), Yearn finance (YFI) and Gnox (GNOX)

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.