What is the reason for the token burn on Pundi X?

The increased utilization of NPXS in XPOS, XPASS, and XWallet ecosystem will also increase the token burn since it is the native token. Hope this help you to know more about terms we use for Pundi X token activity.

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

What is the difference between npxs and Pundi X?

The total value of the NPXS token remains the same, hence instead of, for example $0.002 per token the list price of the Pundi X new token will be reflected by the market at $2 per token while the total number of your new Pundi X token will reduce by 1,000 from your current holding.

How often do you burn the npxs token?

We have been burning the NPXS token quarterly (totaling so far $50m in value, based on the current rate) since 2018 and will continue every quarter. The increased utilization of NPXS in XPOS, XPASS, and XWallet ecosystem will also increase the token burn since it is the native token.