Binance has announced Pundi X (NPXS) as the “Community Coin of the Month”
Binance, one of the largest cryptocurrency exchanges by trade value has announced Pundi X (NPXS) as the “Community Coin of the Month” for the 7th Round. The exchange concluded the seventh session and congratulated the winner. As promised earlier NPXS is awarded a free listing placement on the Binance exchange.
In addition to Pundi X (NPXS) coin, seven other coins were listed on the exchange including Arcblock (ABT), Bytom (BTM), Dock (DOCK), Fusion (FSN), Havven (HAV), Oyster (PRL), Ravencoin (RVN). The Binance exchange has a community coin listing competition every month.
Binance announced its Seventh Session of “Community Coin of the Month” on 15th June through their official Twitter handle. Based on feedback received from the previous Community Votes, the exchange has modified the format of 7th Round. The votes cast by the users was multiplied by a Final Multiplier based on the amount of BNB held in the users’ account, up to a maximum of 500x. After the final review and voting results, Pundi X (NPXS) coin was declared as the winner and earned a place be listed on the exchange for free.
— Binance (@binance) June 20, 2018
After Binance made the announcement on Twitter, a Binance follower and a crypto enthusiast replied saying, “It should be exclusive to be listed on
@binance . In that way, it would be qualified for all parties involved. I love trading on Binance, but all these listings are going from the direction that made me register in the first place. More quality and less quantity please.”
Another twitteratti who feels skeptical about airdrop issue replied, “Dear pundi x and binance a lot of us have this question if we move our tokens to binance exchange would we still get airdrops??”
— Binance (@binance) June 15, 2018
Pundi X’s motto has always been, “as easy as getting bottled water”, and their attempts will only revolve around that. The main goal is to make more users to use it by attracting billions of users within the years to come. Pundi X works aim at finding ways of making real-time and efficient use of cryptocurrencies. Pundi X aims to ultimately offer three products for the users namely- Pundi XPOS, XPOS Handy and XPOS Desk. The Pundi XPOS is designed as an Interac machine and will support payments ranging from Alipay, Bitcoin Wallet and traditional mobile wallets. It is supposedly as simple as installing the device in one’s store and allowing users to make payments. It will accept Bitcoin (BTC), Ethereum (ETH), NEM (XEM), QTUM, and Achain (ACT).
When considering both XPOS Handy and Desk, both works in a similar way but their physical appearances are very unique. The XPOS Handy looks like a handheld device, which will support the additional VISA and Mastercard, Apple Pay and Samsung Pay. The XPOS desk is a bigger device, which contains everything except the mobile network. These two products are still under development.
See also: Binance lists Siacoin (SC) and ICON (ICX); both get a huge hike!
The Pundi X team makes operates on a global scale with several offices established in Jakarta, London, Taipei, Shenzhen, and Singapore. Based on an April 2018 reporting, their offices amount to 40 staff members, who are all working in unison to make a difference within the crypto world.
The Pundi X team is currently working to establish partnerships with crypto exchanges, wallets, and businesses looking to include crypto as a mean of payment. As for their most recent achievement, the team supported Coinrail exchange by looking into their recent breach and is now in the process of completing its swap.
Pundi XPOS device is said to be open for purchase shortly. However, Binance will open trading for NPXS/BTC and NPXS/ETH trading pairs at 2018/06/21 2:00 AM (UTC).
Image via Binance
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