Pundi X (NPXS) Review 2020
Cryptocurrency has undoubtedly changed the face of the finance world with its capabilities. With an aim to digitize the use of paper money, the cryptocurrency ecosystem has brought significant changes in the financial world. There are plenty of crypto platforms that are giving their contribution to widening the approach of cryptocurrency.
Since the inception of cryptocurrency, there has been a constant development of platforms that are aimed to enhance the functionality of a digitized ecosystem. It can be safely asserted that these platforms have targeted specific issues in the cryptocurrency world and tried to improvise it with its features. When it comes to naming the platforms that have simplified the use of cryptocurrency, Pundi X (NPXS) certainly stands at the forefront.
It is a newly found cryptocurrency boasting one of the prominent goals in the spectrum, which is streamlining the use and management of cryptocurrency. It provides its users with a seamless way to trade with cryptocurrency. One of the significant advantages of engaging with Pundi X (NPXS) is that you can enjoy the hassle-free purchase of goods and services with cryptocurrency.
What is Pundi X (NPXS)?
Pundi X (NPXS) is a decentralized project focused on simplifying crypto trading and making the purchase a lot simpler for the traders. NPXS token developers focus on Ethereum based Point-of-sale smart devices distributed to thousands of retailers. In return, the retailer can accept the crypto payments in Pundi X from the users. The Pundi X system has lower transaction fees for the retailers making it a preferred system of exchange.
It was designed to connect to the Ethereum blockchain with Xplugins through two layers. The communication layer takes over the work of delivering the buying request, whereas the blockchain layers record the sale transactions. Pundi X is an excellent platform for a small store as they get effective chances to interact with the blockchain. The primary aim of this project is to emerge as the most prominent crypto sales network.
With the help of POS devices, the firm intends to make offline purchases from cryptocurrency more accessible and common to the customers. It can be safely said that Pundi X will be supporting crypto adoption by bringing customers closer to technology and connecting to the crypto world.
Where To Buy Pundi X (NPXS)?
NPXS cryptocurrency can be purchased for faster and efficient trading. Just like any other crypto coin, you can buy NPSX from cryptocurrency exchanges. Following are some popular exchanges from where you can buy Pundi X (NPXS):
It is essential to safe-keep all your Pundi X coins in a wallet. You can choose any hardware or software wallet that supports the storage and trading of Pundi X.
Buy Pundi X (NPXS) from ChangeNOW
One of the promising platforms to acquire your NPXS tokens is from ChangeNOW. It is one of the easiest and effective ways to purchase Pundi X. ChangeNOW is counted among the world’s largest instant exchange tools that support both fiat money and cryptocurrency. If you are looking for speedy crypto exchange, you must take ChangeNOW into your consideration. With ChangeNOW, choosing the best exchange rates is not challenging, as the platforms deal with plenty of cryptocurrency trading platforms and exchange partners.
Can You Mine Pundi X?
The cryptocurrency of NPXS is native to the Pundi X platform. It is an ERC20 token used for the transactional process on the Pundi X platform. NPXS is just like a currency used to make a gas payment on the Ethereum network. It is important to note that every transaction is connected to the NEM blockchains and Ethereum.
Another important thing that you need to note is that unlike other blockchain networks that can be mined, you cannot possibly mine NPXS. You can either purchase them from exchanges or acquire them during ICO. Pundi X works on proof-of-stake token released by participating in the token sale. In this token sale, the users are given 30% of the token amount, and the rest 70% is owed to them for over three year period. Users have to sign a smart contract for every six months to receive the tokens.
Best Pundi X Wallets in 2020 To Safe Keep Your Coins
It is essential to safe-keep your coins, and for this, you need to find the best Pundi X wallet. As you know that Pundi X is an ERC20 token based on Ethereum blockchain, so the coins are supported by all ERC20 compatible wallets available in the market. However, Pundi X has also launched its own wallet to increase security and facilitate better safekeeping of the coins.
Here’s a list of popular Pundi X wallet used in the industry, starting with its own wallet:
#1 Pundi X Wallet
The platform has its dedicated wallet, which is available on both Android and iOS devices. It bridges the gap between your devices and digital wallets within the Pundi X platform. It is an app that works as a physical card, similar to a credit card that helps you remotely manage your payments via Pundi XPOS. Whether it is in your home, in-store, online or offline, your Pundi X wallet can work anywhere. It supports digital asset payments by scanning QR code.
#2 Ledger Nano S
Another popular hardware wallet that is ideally preferred for digital currencies like Bitcoin, Ethereum, and ERC20 tokens is Ledger Nano S. It is more like a USB device that you can connect to your system (desktop or laptop). Ledger Nano S has an OLED display that confirms the transactions for the users. It is counted among the most secure wallets to store Pundi X tokens. It is quite difficult for hackers to access the wallet as it is secured by advanced security features and encrypted passwords.
Next up in the list is Trezor, which is more affordable than the Ledger Nano S. It is better known for its user-friendliness. Among all the hardware wallets in the market, Trezor is by far the easiest to use. Even beginners can learn its functions, and safe-keep the tokens. Another feather in its cap is that Trezor is the first Bitcoin wallet in the world. It efficiently stores your private keys offline and works as an HD wallet having 24 seed word backup for extra security. Trezor offers advanced protection for the cryptocurrency, so you can always think about Trezor as your ideal Pundi X wallet.
#4 MyEtherWallet (MEW)
One of the easiest options of wallet for ERC20 tokens, MyEtherWallet, is by far the most convenient digital wallet. It uses advanced security protocols to keep your data safe. As a user, you have complete right over your private key. The ownership is one of the ideal benefits of this wallet. Another major highlight of MyEtherWallet is that it combines the possibility of easy setup and reduction of vulnerabilities to manage your funds online. It is also considered as the best tool to interact with the Ethereum network.
Yet another prominent Pundi X wallet that you can use is MetaMask. It is a web browser plugin that supports all the popular browsers like Google Chrome, Firefox, Opera. It can be installed just like any other plugin or add-on on your browser. One of the most significant advantages of MetaMask is that it allows you to use all the web-based apps. There have been no successful hacks that prove MetaMask inefficient, so you can trust this wallet with your tokens. It facilitates safe and convenient storage and also offers a seamless connection to MyEtherWallet. So, if you are looking for web-based wallets, MetaMask is the name for you.
Pundi X has brought a wave of revolution in the cryptocurrency world by making the trading more seamless and hassle-free for the traders. It is evident that there are some loose ends in the cryptocurrency ecosystem, which makes it vulnerable. Pundi X works to enhance the trading experience of the users by addressing this issue. It has tapped into the ideal issues of the crypto world and provided users with a seamless way to trade in cryptocurrency.
The above mentioned were some of the vital details that you need to know about Pundi X (NPXS) and understand why it is beneficial to invest in this platform. It is essential to understand the market thoroughly before stepping into it. We hope the provided information will work as a guiding light to explore more about Pundi X (NPXS).
To learn more about NPXS price prediction, please visit the following PUNDI X post in our blog.