World Decentralization is up and Running with PundiX FunctionX XPOX

What is Pundi X Open Platform?
Open Platform supports blockchain developers, digital asset issuers and businesses to freely apply and list their custom digital assets onto Pundi X’s payment ecosystem, including XWallet, XPOS, and XPASS cards.
Developers and merchants can now easily make their digital assets available to serve various offline and online payment scenarios. The Open Platform will first support ERC20 tokens and later expand to digital assets of other blockchain.


Why Pundi X Open Platform?
To provide developers increased use cases and token user base by supporting offline and online payment of their custom tokens in Pundi X‘s ecosystem.
To provide token holders and users more places and scenarios to use their various digital assets easily.
To encourage merchants to adopt digital asset payment, from various ERC20 tokens and various custom-made cards, to other digital assets on different blockchains.

Use digital currency anytime, anywhere.
In 2019, Pundi X will bring its payment ecosystem - the XPOS, XWallet, and XPASS - to even more consumers and businesses across the world. We have been deploying our blockchain-based point-of-sale (POS) solution and solidifying partnerships with governments, payment companies, and retailers. Together, we will achieve fast-paced growth.
Providing a borderless payment ecosystem beyond fiat.
There are many reasons why people are now turning to digital currency. The most obvious use case is for transactions, but digital currency also plays a key role in promoting financial inclusion, overcoming foreign exchange issues, and even mitigating the instability of fiat currency.
People all over the world are eager to get their hands on our blockchain-based payment solution, the XPOS. Emerging markets want the XPOS to stabilize their payment ecosystem amid hyperinflation. Developed markets are partnering with us to digitize and modernize their payment infrastructure using our blockchain technology.
The XPOS devices are already live in 25 markets globally, and we will expand into even more territories in 2019. We will make transacting with digital currency as easy as buying a bottled water.


Digital payments made easy on your mobile device.


Seamless integration
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.


Top Up Your XWallet from other wallets.


Select the ‘Card’ icon and choose the virtual card.
Select the type of currency you want to top up.
Tap on the ‘Receive’ icon and choose ‘View address’.
Copy the top-up address or scan the QR code.
On your other wallet, choose the correct type of cryptocurrency and insert the XWallet top-up address to make the transfer.
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.
Safe and Secure
Each XWallet comes with a username and password protection feature. There is also no need for (private key) data backup because it is not a cold wallet. The app can also help users easily retrieve data stored on any phone, device, or XPASS linked to the app.


What is Function(X)


The next era of the Internet on "Blockchain Internet". Function X will be leading the charge to power this new era of decentralized world. Every app, image, data, bit and byte on the internet will be decentralized.
An ecosystem that extends beyond just financial transactions toward a new path for decentralization. To ensure it can operate without relying on any specific individual, organization and structure, f(x) Coin* will become its own native, independent currency for facilitating transactions.
For their ongoing support the Pundi X project and our initiatives, the majority of the f(x) tokens of the token generation event (TGE) will be allocated to holders of NPXS and NPXSXEM*.
Great blockchain projects have the highest regard for the interests of their community and seeks to balance those interests.

65% of all f(x) tokens from the Token Generation Event (TGE) is allocated exclusively to NPXS/NPXSXEM holders.
At the same time, another 20% will be used for the Ecosystem Genesis Fund for developer partnerships, token listings on the exchanges, f(x) infrastructure service providers and more. The remaining 15% will go to engineering, product development and marketing.

There will be NO public or private sales for f(x) tokens.
Why can’t we just have one token?
The uses, allocation and economics behind NPXS and f(x) Coins are fundamentally different. They are different projects with completely different designs working to different timelines.
To change the terms of NPXS tokenomics would undermine undertakings we made to token holders and the entire economics of the NPXS token. And similarly, to change the planned tokenomy of f(x) would fundamentally undercut its very purpose as a blockchain. In short, f(x) is designed to provide increasing token supply to encourage miners to support the network and businesses and developers to grow the ecosystem. NPXS, by contrast, has been designed to service a payment network with supply decreasing as its adoption grows.


How to receive f(x) token?
All NPXS and NPXSXEM holders will have the option to decide whether and how they would like to receive the f(x) tokens. 65% of the total f(x) token generated from the TGE allocated for NPXS / NPXSXEM holders are broken down for distribution as follows:

15% for all NPXS/NPXSXEM holders to stake
All NPXS/NPXSXEM holders* will be able to receive the f(x) tokens.
-How: Deposit NPXS / NPXSXEM into XWallet to join the distribution scheme or register the public address of your private wallet in the XWallet app to participate.

45% for converting NPXS/NPXSXEM to f(x) tokens
Qualified NPXS/NPXSXEM holders can receive f(x) token by converting their NPXS / NPXSXEM tokens to f(x) tokens. All the converted tokens will be removed from the NPXS/NPXSXEM total supply.

5% extra bonus tasks for all NPXS/NPXSXEM holders to claim
All NPXS/NPXSXEM holders* will be able to receive the f(x) tokens.
A detailed guideline will be provided to help NPXS/NPXSXEM holders opt in to receive the f(x) tokens two weeks before the program starts.

How does the function X benefit the Pundi X project and the Pundi X holders?.
Benefits to NPXS/NPXSXEM holders and the broader Pundi X project are direct.

For the XPOS technology: Improvement of speed and scalability

For the Pundi X project the main benefits are two-fold: payments utilizing XPOS and XWallet become faster and the potential applications for payments using NPXS become much broader.

The migration to a blockchain with much higher transaction capability and a future broader node network than its rivals is an obvious win for NPXS via the XPOS. Function X allows every XPOS to serve as a node. With several thousand XPOS in deployment internationally, this will soon give rise to a network to rival the size and scope of Ethereum (the blockchain project currently with the largest spread and depth of network nodes) and one which is much greater as we progress toward our global rollout. For a truly decentralized payment provider, such depth and reach equals greater payment speed and reliability. That is invaluable.
Then, we have NPXS’s role in a future ecosystem on Function X. XPOS plays an essential part of the f(x) blockchain and ecosystem. It pushes crypto towards mass adoption as well as fueling the adoption of f(x) blockchain. NPXS is to fuel the XPOS, XWallet, XPASS payment transactions on Function X ecosystem. It will also play a huge role in the ecosystem for many payment-related matters, currently on Ethereum and NEM and in the future on Function X’s native blockchain.
For NPXS/NPXSXEM holders

For NPXS/NPXSXEM holders, the above benefits are applicable too but there is the addition of exclusive opportunities to become f(x) token holders. A planned allocation of a total of 15 per cent from TGE will be provided to holders of NPXS and NPXSXEM to get via staking. A planned future allocation will give NPXS/NPXSXEM holders a further exclusive option to convert NPXS/NPXSXEM to f(x) tokens.

The number of the converted NPXS/NPXSXEM to f(x) tokens will be taken out from the total supply of NPXS/NPXSXEM permanently.

Gaining early access to f(x) tokens is completely optional for NPXS/NPXSXEM holders.

After the f(x) mainnet is launched, all remaining NPXS/NPXSXEM holders will be offered a 1:1 token swap for NPXS-FX/NPXSXEM-FX tokens.

Making the world’s first blockchain phone call.
Unlike traditional phones which require a centralized mobile carrier, XPhone runs independently without the need for that.

And it runs on another Pundi X invention, one which holds even more potential: the Function X blockchain. We’ve developed our own chain which we believe will answer many of the challenges facing the many blockchain platforms today by increasing its scale, ability to publish DApps and achieve true decentralization. It will also revolutionize the way we transmit data of all kinds: giving rise to a truly decentralized internet.

Function X is not just a public chain. It is a total decentralized solution
It consists of five essential components: Function X OS, Function X Blockchain, Function X IPFS, FXTP Protocol, and the Function X Docker. All five have one sole purpose which is to decentralize all apps, website, communications and data.

The Function X OS is based off the Android OS 9.0, so there is a backward compatibility with the Android apps. For developers and users transitioning to the Function X platform, it would be relatively easy as the knowledge and experience from developing and using Android will be transferable.

We also believe it will be easier than ever to create and publish new decentralized applications using the protocol.

In the Function X ecosystem, we use a different system to the internet’s http protocol, consisting of F(X) OS, F(X) Chain, F(X) FXTP, F(X) Docker and F(X) IPFS to serve the decentralized web requests.

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.

Once registered, if someone wants to access my public data or content, they can just enter FXTP://xxx.pitt. This is similar to what we do for the traditional https:// protocol.

Whether you are sharing photos, data, files or a website, they can be accessed through this path.

And if my friends would like to contact me, they can call, text or email my XPhone by entering ‘call.pitt’, ‘message.pitt’, or ‘mail.pitt’.

The transmission of data runs on a complex exchange of public and private key data and encryption but it can guarantee communication without interception and gives users direct access to the data shared by others. Any info that is sent or transacted over the Function X Blockchain will also be recorded on the chain.


And that is how a decentralized system for communication works.

We’ll have more to say about the availability of the XPhone and the further applications of Function X in the near future.

But today we’ve delivered proof of a working concept; one that upends centralized communications and adds new dimensions to blockchain technology.

The XPhone OS is currently available to phone manufacturers for testing. The detailed information of Function X will be available on functionx.io on October 15th. The Function X blockchain, FXTP, IPFS, and XPhone will be officially launched in Q2 2019.

XPhone by Pundi X (NPXS) Allows You To Switch Between Blockchain and Android OS.


Each Phone is a Node
The device comes with the option of using the Function X blockchain developed by the team at Pundi X for calling and messaging. Users can also turn off this option and revert to regular Android and the usage of centralized carriers. Every XPhone is also a node on the network and contributes to the operation of the blockchain network.
Zac Cheah, founder and CEO of Pundi X, explained how the blockchain phone will return data control back to the users and creators.

What this all means is that data control can and must be given back to users.
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.


Specifications of the XPhone
The XPhone will be released later on this year and will come standard with the following features.
5.65” inch screen
Fingerprint sensor on the side
6 GB of RAM
128 GB ROM
Qualcomm® SnapdragonTM 660 Mobile Platform
16 megapixel front camera and 48 megapixel rear camera
3,500 mAH Battery



A guide to converting NPXS / NPXSXEM to f(x) tokens


The f(x) conversion process is not mandatory. NPXS and NPXSXEM holders have the option to decide if they want to participate in the conversion process to receive the f(x) token. To learn why Pundi X is having the f(x) token conversion, please read the announcement “f(x) token allocation to NPXS and NPXSXEM holders”


Instructions for f(x) token conversion
1. Download (or update) and login to XWallet (Android 1.3.3, iOS 1.5.2). The new version with the conversion feature will be available no later than April 15.

2. Complete the XWallet KYC process. Users who are already KYC verified from the staking process do not need to go through the KYC process again. (Users who are not KYC compliant cannot participate in the conversion. Please view the country exclusion list here.

3. Deposit your NPXS/NPXSXEM tokens into the f(x) Card. Go to ‘Card’ > Choose ‘f(x) Card’ > Click ‘NPXS’ or ‘NPXSXEM’ to deposit. For NPXSXEM holders, PLEASE DO NOT SEND FROM THE EXCHANGE. XWallet only accepts NPXSXEM from your private wallet.

4. Click “Conversion” that is seen in the “f(x) card”


f(x) token allocation to NPXS and NPXSXEM holders.

We’ve been steadily building to deliver the vision over the past year. Today we have an ecosystem comprising our XPOS devices, XPASS cards and our new mobile app, the XWallet. Since last August, thousands of XPOS have been shipped to more than 25 countries. Over 50,000 XPASS cards have been activated and more than 60,000 transactions were processed by Pundi XPOS devices and the XWallet in less than the first six months of deployment.

Demand from merchants and customers for instant, on-chain transactions combined with our growth trajectory have led us to search for a blockchain that can service a truly global payment network. That led us to innovate a blockchain ecosystem that can deliver 10-fold gains in speed, openness, scalability, and consensus.

It led us to f(x), an ecosystem that extends beyond just financial transactions toward a new path for decentralization. To ensure it can operate without relying on any specific individual, organization and structure, f(x) Coin* will become its own native, independent currency for facilitating transactions.

For their ongoing support the Pundi X project and our initiatives, the majority of the f(x) tokens of the token generation event (TGE) will be allocated to holders of NPXS and NPXSXEM*.

65% of all f(x) tokens from the Token Generation Event (TGE) is allocated exclusively to NPXS/NPXSXEM holders.
At the same time, another 20% will be used for the Ecosystem Genesis Fund for developer partnerships, token listings on the exchanges, f(x) infrastructure service providers and more. The remaining 15% will go to engineering, product development and marketing.


Why can’t we just have one token?
The uses, allocation and economics behind NPXS and f(x) Coins are fundamentally different. They are different projects with completely different designs working to different timelines.
To change the terms of NPXS tokenomics would undermine undertakings we made to token holders and the entire economics of the NPXS token. And similarly, to change the planned tokenomy of f(x) would fundamentally undercut its very purpose as a blockchain. In short, f(x) is designed to provide increasing token supply to encourage miners to support the network and businesses and developers to grow the ecosystem. NPXS, by contrast, has been designed to service a payment network with supply decreasing as its adoption grows.

How to receive f(x) token?
All NPXS and NPXSXEM holders will have the option to decide whether and how they would like to receive the f(x) tokens. 65% of the total f(x) token generated from the TGE allocated for NPXS / NPXSXEM holders are broken down for distribution as follows:

15% for all NPXS/NPXSXEM holders to stake.
45% for converting NPXS/NPXSXEM to f(x) tokens.
5% extra bonus tasks for all NPXS/NPXSXEM holders to claim.






Please let us your comment about this great technology that is here already and waiting for adoption.


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