What Is Pundi X?

Pundi X (PUNDIX) is a blockchain project focused on making cryptocurrency accessible for everyday retail transactions. Founded in 2017 by CEO Zac Cheah and CTO Pitt Huang, the project's guiding philosophy is that "buying cryptocurrency should be as easy as buying a bottle of water." To achieve this, the team developed XPOS, a point-of-sale (POS) device that enables brick-and-mortar merchants to accept cryptocurrency payments alongside traditional payment methods. The XPOS devices have been deployed in various countries across Asia, Africa, Europe, and South America, with an ambitious target of distributing over 100,000 devices globally.

Overview - Table of Contents
What Is Pundi X?
Getting Started With Pundi X
How To Get A Pundi X Wallet?
Pundi X Resources
How To Buy Pundi X?
Latest Pundi X News

The XPOS device is roughly the size of a standard contactless payment terminal and allows merchants to accept Bitcoin, Ethereum, and various other cryptocurrencies as payment for goods and services. Customers can pay using a crypto wallet app or an XPASS NFC card, which functions like a contactless payment card linked to a cryptocurrency balance. The XPASS card system includes a main card for daily transactions (containing encrypted private key information) and a separate security card used only for activation and recovery. The system handles the conversion process, making it straightforward for merchants who want to accept crypto without dealing with the technical complexity of blockchain transactions. The XPOS also supports traditional mobile payment systems such as Alipay, consolidating multiple payment channels into a single device.

Before launching Pundi X, the team built Pundi-Pundi, a cashless payments application that generated over 100,000 downloads and onboarded more than 500 merchants in Indonesia, providing valuable experience in retail payment infrastructure. The team's initial focus on Southeast Asia was strategic: the region has a population of over 650 million people, and a large percentage of the population remains unbanked, creating an opportunity for cryptocurrency to serve as an alternative financial system. Indonesia, with 250 million people and the largest population in the region, served as the initial deployment market before expansion into Thailand, Malaysia, Singapore, Japan, South Korea, and beyond.

The project raised $35 million in its January 2018 ICO, which sold out in under 90 minutes. The original token was called NPXS (later PXS on Ethereum), but in 2021 the project conducted a major token consolidation, swapping NPXS to PUNDIX at a ratio of 1000:1. This swap reduced the total supply dramatically and simplified the token structure, making it easier for exchanges and wallets to support the token. PUNDIX remains the project's token, with its name and ticker unchanged, and is used for transaction fees on the XPOS network, staking on the underlying blockchain, and governance participation.

Pundi X is part of a broader ecosystem originally launched as Function X (f(x)), a decentralized internet and blockchain platform. Function X included its own Proof of Stake blockchain (f(x)Core), a decentralized file storage system, and a decentralized operating system for devices, with validators staking tokens to secure the network and participate in governance. In 2024, Pundi X Labs rebranded Function X to Pundi AI and repositioned the ecosystem toward decentralized AI-data infrastructure. Pundi AI describes itself as a verified layer for contributing, buying, and selling AI training data across multiple blockchains, using a "Tag to Earn" model where users annotate data to earn rewards, with the AIFX token used for fees and staking. The payments side, Pundi X, and its XPOS retail hardware continue to operate alongside this AI-focused direction. The project's leadership team includes Constantin Papadimitriou as President Advisor, who founded two of Indonesia's largest fintech companies (Infinetworks and E2Pay), and David Ben Kay as chief legal counsel, formerly general counsel at Microsoft China and an advisor and board member of the Ethereum Foundation.

The XPOS devices were integrated with both the Ethereum and NEM blockchains early on, with NEM being particularly popular among Asian financial institutions. The team positioned XPOS as superior to Bitcoin ATMs, citing lower cost, more compact size, more services, and higher mobility. Mass production of XPOS devices began in February 2018, with distribution across more than 12 countries in the initial deployment wave.

Getting Started With Pundi X

Step 1: Learn About the Ecosystem. Visit pundix.com for the XPOS and XPASS payment products, and pundi.ai for the Pundi AI direction (the rebranded Function X ecosystem) focused on decentralized AI-data infrastructure.
Step 2: Set Up a Wallet. Download Pundi Wallet (formerly f(x)Wallet, published by Pundi X Labs) to manage PUNDIX tokens and interact with the ecosystem. PUNDIX is also available as an ERC-20 token, so Ethereum wallets like MetaMask are compatible. Pundi Wallet supports staking and governance features natively.
Step 3: Acquire PUNDIX Tokens. Purchase PUNDIX on a supported exchange and transfer to your wallet. Tokens can be staked on the Pundi AIFX network (formerly Function X) to earn rewards and participate in governance, or held as an investment in the ecosystem's growth.
Step 4: Explore Use Cases. If you are a merchant, explore the XPOS device for accepting cryptocurrency payments through a single terminal that also supports traditional payment methods. If you are a developer, look into building on the Pundi AIFX blockchain (formerly Function X) and its decentralized infrastructure.

How to Get a Pundi X Wallet?

Pundi Wallet

Pundi Wallet, formerly f(x)Wallet, is the official wallet for the Pundi X ecosystem, published by Pundi X Labs. It supports PUNDIX, FX, and other tokens in the ecosystem, with built-in staking, delegation to validators, and governance voting features. Available on iOS and Android.

MetaMask

PUNDIX is available as an ERC-20 token on Ethereum and can be stored in MetaMask. Add the PUNDIX token contract address to MetaMask to view and manage your tokens. This is the simplest option for users who already use Ethereum-based wallets.

Hardware Wallets

Ledger supports PUNDIX as an ERC-20 token, providing secure cold storage for long-term holders. Connect your Ledger to MetaMask for convenient management with hardware security while keeping private keys offline.

Pundi X Resources

How to Buy Pundi X?

PUNDIX tokens are listed on a range of centralized exchanges. Create an account on a supported exchange, complete verification, deposit funds, and trade for PUNDIX. Check a current market tracker for exchanges with active PUNDIX liquidity before trading. Note that the old NPXS token has been fully deprecated in favor of PUNDIX following the 2021 token swap.

For decentralized options, PUNDIX can be traded on Uniswap and other Ethereum-based DEXs by swapping ETH or other ERC-20 tokens.

Latest Pundi X News

In September 2024, Pundi X Labs rebranded its Function X platform to Pundi AI and pivoted the broader ecosystem toward decentralized AI-data infrastructure, introducing a "Tag to Earn" model for contributing and trading AI training data along with the AIFX token. The Pundi X payments business, its XPOS retail hardware, and the PUNDIX token continue to operate alongside this new direction.

In early 2026, the project announced that Pundi X Chain would cease operations on March 1, 2026 and migrate to Ethereum. That plan was then deferred: in a February 24, 2026 update, the team stated the previously announced shutdown date no longer applied and that migration, undelegation, and bridging actions were no longer required, with the chain remaining operational pending a third-party review of the migration framework. As of this writing, no chain shutdown has taken place.