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Pundi X Boosts ICO with Offer of First Cryptocurrency POS Device Free to Early Investors
Pundi X is the blockchain startup that makes it easier than ever for any store to buy, sell or accept cryptocurrency.
[Note: This is a press release.]
JAKARTA, Indonesia – Oct. 25, 2017 – Buying and selling cryptocurrency has never been easier, with the innovative ICO from Pundi X now delivering the market’s first POS device free to early investors who contribute more than 30 ETH or 1.5 BTC from a single bitcoin or Ethereum address.
From now until December 20, throughout the remainder of the ICO (including pre-sales and crowd sales), qualified investors will receive a Pundi X POS device which can be installed in retail outlets enabling consumers to quickly and easily buy or sell BTC, ETH, LTC, PXS and other 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. The POS devices delivered under this offer will be shipped within 45 days after completion of the ICO process.
With just two days remaining in the pre-ICO period during which investors will be rewarded with a significant bonus of 30% extra tokens, Pundi X is fast approaching its initial cap of 14,000 ETH with a total ICO hard cap of 280,000 ETH.
Zac Cheah, CEO of Pundi X, said:
We have seen a tremendous swelling of enthusiasm among investors in Indonesia and much of Asia and our pre-ICO has developed a powerful momentum of its own. Now is the time to reward those early investors and give them the chance to operate their own POS device in store so that local consumers can start to purchase cryptocurrency, or cost-effectively conduct financial transactions in retail outlets, without the obligation to pay high banking fees.
Pundi X POS is the world’s smallest cryptocurrency device and is designed to sit conveniently on a retail counter in order to distribute cryptocurrency and enable consumers to conduct financial transactions.
A multi-function device that is connected directly to the blockchain so that each transaction is recorded, Pundi X POS serves as the bridge that connects the real world and the crypto world. It also supports the delivery of financial services to the large numbers of ‘unbanked‘ citizens living across South East Asia.
Cheah also explained:
Pundi X POS solves the last mile challenge for cryptocurrency purchases and sales. We created an easy offline solution to make cryptocurrency accessible to everyone. […] For those who are interested in cryptocurrency transaction or want to facilitate cashless transactions, this is the perfect time to get the Pundi X POS device.
For non-ICO investors, the company plans to start the first phase of a POS device pilot roll out in selected cities, including Jakarta, Bali, Seoul, Singapore, and Hong Kong. Pundi X will select applicants who own physical stores – cafes, restaurants, co-working spaces or convenience stores – in order to expand the offline sales network. This roll-out will start in early November and devices will be shipped to the applicant in the same month.
To see how transactions work on the Pundi X POS device, watch this video:
[youtube https://www.youtube.com/watch?v=Ymo6Hou9SYM?feature=oembed&w=500&h=281]
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 general consumers and builds on the success of Pundi-Pundi which is one of Indonesia’s most popular QR code cashless payment apps. The launch of Pundi X POS is a stepping stone towards an ICO in late 2017 that 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 who we are, check out our website: .
You can also find us on the following social media channels:
- Website:
- Twitter:
- Telegram:
- Medium:
- Facebook:
- Youtube:
- Telegram (Indonesian):
- Telegram (Chinese):
- Telegram (French):
- Telegram (Korean):
- Kakaotalk (Korean):
- Facebook (Korean):
- Telegram (Vietnamese):
- Telegram (Spanish):
- Telegram (Russian):
- Telegram (Japanese):
- Twitter (Japanese):
- Facebook (Japanese):
- Telegram (Malay):
For media enquiries, please send an email to: PundiX_Media@inmatt.com
Images courtes of Pundi X
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Bitcoin Gets Technology Theory Backing, Can Reach $100,000 by 2021
“Moore’s Law” has been identified by a Harvard Scientist in bitcoin, and as such the belief is that the digital currency can reach $100,000 by February 2021, according to this theorem.
With bitcoin reaching a big milestone in its scaling debate, an issue that has dogged the digital currency for some time, it is now once again breaking records with little slowing it down.
Fear and speculation ran rampant leading up to the August 1 hard fork, which saw the creation of a new digital currency called Cash – a fork of the original bitcoin. However, even since its creation, and rise to third-largest digital currency for a while in regards to market cap, it has not slowed bitcoin’s growth.
Moore’s Law
is a theorem and a formula that was created by the co-founder of Intel’s Gordon Moore Processor. It states that, on a processor, the number of transistors on the new microprocessor models will increase approximately twice every 18-24 months.
This law has been identified by Denis Porto, and investor, as well as a Harvard Scientist. It is his opinion that bitcoin has become the first digital currency to show signs of this law, even though it is not specifically aimed at this form of technology.
In a recent interview with Markets Morning, :
Moore’s law is specifically applied to the number of transistors per circuit, but it can be applied to any digital technology. […] Any technology that grows exponentially (i.e. following Moore’s Law) has a doubling moment.
Contributing Factors
In the wake of bitcoin reaching its latest all time high last week, optimism and confidence have skyrocketed once again for the original digital currency. There have been a number of factors that have pushed bitcoin’s growth, and those same factors have seen it follow the trajectory of Moore’s Law as identified by Porto.
bitcoin’s ability to scale through SegWit, and suffer no ill effects from the hard fork, and instead grow to new heights has set this path to $100,000 in the next four years.
There are other factors in the pipeline as well that can also help bitcoin to stick to this trajectory of $100,000 as on Tuesday it was reported that mining.
Dmitry Marinichev, one of Russian President Vladimir Putin’s advisors, is preparing to boost Russia to be the global power of bitcoin mining, in an attempt to compete with China.
Are these prediction far too high? Can an asset really reach such prices or is there a real threat of a bubble? Let us know your thoughts in the comments below!
Images courtesy of Pixabay, Texas Instruments, Cryptocompare
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Bitcoin, Ethereum, Ripple, EOS, Litecoin, ₿itcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 20
bitcoin, Ethereum, Ripple, EOS, Litecoin, ₿itcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 20 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views […]