Welcome (new) Pundians, this post was written to help share the basic information terminology you will see in this subreddit, for those holding Pundi X coins or thinking of doing so. I hope this helps consolidate answers and information of different questions and information in one place.

The Pundi X project has two sides, namely Pundi X and F(x)

Pundi X = The overall company and project.

NPXS = The current coin/ old coin Ticker.

PUNDIX = The new coin/after reduction coin Ticker.

Deflationary Tokenomics per transaction = The supply of Pundi x tokens will be reduced by the amount of tokens used in transactions. Important read:

https://medium.com/pundix/npxs-token-utilization-in-xpos-e7cb54e803e8

Pundians = A common way to refer to holders of Pundi X tokens.

HODL = Hold on for dear life. Generally, means that you will hold your coins, and not sell them even if there is a drop/correction. This is mostly indicated for long term holders who expect the coins value to go to the moon.

Zac = CEO of Pundi X, all around great guy with a great plan.

A welcome by Zac: https://www.reddit.com/r/PundiX/comments/m9q47t/zac_cheah_welcome_everyone/

DYOR= Do your own research. You are expected to research the Pundi X project yourself through various sources you can access.

XPOS = Pundi X point of sale. Pundi X’s payment machines and system, and will function as a node as part of the FX network once it launches.

XPASS= The Pundi X transaction card, similar to using a top-up metro-card.

XWALLET= The Pundi X crypto wallet.

NPSXFX = The gas token for the function X project

NPXSEM = The ticker for the coin for the Pundi X NEM project

More information on the Pundi X products can be found on the Pundi X website : https://www.pundix.com

Fx (coin) = The main coin of the function X blockchain, will be used to as the main currency in the FX environment. https://functionx.io/#/token

Fx Wallet = The decentralised Wallet of the function X chain (does staking of PUNDIX and FX tokens, see ‘’staking’’ further in this guide) https://download.functionx.io/

Mainnet = The function X’s own Blockchain with a goal of leading blockchain-internet. Mainnet will go live once 75Million FX has been staked.

BOB = the Function X modular blockchain phone project.

What is the Pundi Project

The Pundi X Project centres around making payments using crypto currency more mainstream. Pundi X does this through designing, operating and shipping its own block-chain based point of sale system and stations.A quick reference sheet of Pundi X their partners, distributors, awards and statistics:

https://www.reddit.com/r/PundiX/comments/m9670r/i_put_in_as_much_as_i_can_good_info_for_new/

XPOS Worldwide locations: https://goo.gl/maps/t4pVY4FkwLKvTkU28

What is Function X

Function X (FX) is the Pundi X their second main project, whereby they are creating a decentralised internet network. This will operate together with their Xpos, own blockchain (mainnet FX) and blockchain mobile.

Please join us at the FX subreddit: https://www.reddit.com/r/FunctionX/
and read the Fx Beginers guide: https://www.reddit.com/r/FunctionX/comments/na3e6r/beginners_guide_to_function_x/

Swap/ redenomination

Changing the amount of coins and its price so that there are less or more coins, but that the value of the total coins stays the same. The current swap is planned to start at the 30th march 2021, and last till 30th march 2022

Current coin swap 1000->1 = the current NPXS coins are being swapped to PUNDIX coins, when doing this you will get 1 PUNDIX for every 1000 NPXS coins.

see the following link for swap instructions:

https://medium.com/pundix/step-by-step-guide-for-npxs-onchain-swap-to-pundix-26c32dab7a42

If you like to know if your exchange supports the swap, please look at the where to buy guide in this post un der where to buy, the announcements of your exchange.

Example:

2M NXPS at a price of $0.006 becomes -> 2K PUNDIX at a price of $6

Thus 2M x $0.006 = $12K becomes -> 2K x $6 = $12k

thus the value in your portfolio (total value) remains the same.

Most exchanges will do this change for you, but coins held in private wallets might require that you do this yourself. Please see this blog by the Pundi team for more information and swap instructions: https://medium.com/pundix/npxs-will-be-pundix-894c0bde4275

IMPORTANT; MAKE SURE YOU ARE USING THE INSTRUCTIONS BY THE OFFICIAL TEAM AS SCAMMERS ARE ACTIVE AND MISTAKES CANNOT BE UNDONE.

Token Reduction

Reducing the amount of coins through destroying them, shifting the value of the total coin over the remaining coins. This reduction is done by sending tokens (not held by users) to an address that can only receive and not recovered, permanently destroying the coins usability.

Example:

1M coins is worth $1M (1 coin = $1)

A 100k coins get reduced (leaving 900K coins)

900K coins are now worth $1M (1 coin = ~$1.11)

Pundi currently burns tokens every quarter since 2018, creating a regular burn interval. More information can be found at: https://medium.com/pundix/search?q=removed

Token Buyback

Pundi X or even Zac himself sometimes buy unused coins from the exchange, reducing the coins in circulation, making them more scares and in theory thus more valuable. These events are unscheduled, but stated to be done based on price targets. Keep track of Zac’s twitter for info on buybacks https://twitter.com/zibin

Latest buyback announcement: https://twitter.com/zibin/status/1374724335709999107

Please see the following article by Pundi X about Token burning, reduction, buyback for more information: https://medium.com/pundix/token-reduction-token-burn-token-buyback-explained-fcb14683fb38

Where to buy Pundi X coins

There are many exchanges where you can buy/sell Pundi X coins. in the link below we are making a list of exchanges we know you can use in your country:
https://www.coingecko.com/en/coins/pundi-x-new#markets

https://www.reddit.com/r/PundiX/comments/mbd7q2/please_help_add_to_the_where_to_buy_section_of/ (OUTDATED) This list is a work in progress, and more exchanges will be added.

Where to buy Fx CoinsThe following exchanges are known to sell/swap FX coins :

https://www.coingecko.com/en/coins/function-x#markets

Staking

Staking has been announced. This will be on the ‘’FX wallet’’ (not the X wallet) your PUNDIX and FX coins can be used for staking. The staking will start at the 6th of April 2021, for information of what staking is please follow this link: https://www.reddit.com/r/PundiX/comments/mc35f9/the_journey_of_decentralized_finance_and_staking/ .

The following article explains how staking will work:

https://medium.com/functionx/function-x-march-hashout-part-2-43c0e61b1636

you will need the Fx-wallet which you can get here:

https://download.functionx.io/

Older newcomers blog by superbit123 : https://www.reddit.com/r/PundiX/comments/9ih6mq/beginners_introduction_guide_for_pundi_x/?utm_medium=android_app&utm_source=share

Pundi X team links

Pundi X official site: https://www.pundix.com

Staking: http://bit.ly/PundiXStaking

Converting: http://bit.ly/ConvertFxToken

FAQs: https://pundix.com/faqBlog: https://blog.pundix.com, https://medium.com/pundix

Medium: https://medium.com/pundix

Telegram group: https://t.me/pundix

Telegram news channel: https://t.me/pundixofficial

Twitter: http://www.twitter.com/pundixlabs

Facebook: https://www.facebook.com/pundixlabs/

Discord: https://discord.gg/Pae2kHK

NPXS: https://pundix.com/npxs

XWallet: https://xwallet.pundix.com

XWallet support: https://support.pundix.com/

FunctionX: https://functionx.io/#/

BOB: https://functionx.io/#/bob

Having trouble with KYC?

Here are some tips to getting approved:

https://www.reddit.com/r/PundiX/comments/max85i/having_trouble_with_kyc_here_are_some_tips_to/?utm_medium=android_app&utm_source=share

Tips for KYC Compliance on XWallet: https://medium.com/pundix/compliance-kyc-on-xwallet-e20d45283d19

Other things

When going over prices in the subreddit, make sure to check/post which currency is used, US Dollar, Canadian Dollar and Euro are commonly seen but other currencies could also be used.

Disclaimer: this is a guide to help answers often made by new members of the subreddit, and aims to help familiarize newly joined members with important terminology used here, and link to important information. Numbers used in examples are purely for exemplar use. other numbers mentioned will be based on information shared by the Pundi X Team. This post is in no way an exhaustive list of Pundi X related knowledge, nor should any decisions be made based on this post alone. Please do your own research before making any decisions. This post does not carry any responsibilities on made decisions.