Today, we would like to introduce you to two tokens that are very similar to each other, yet each of them serves a different purpose. The coins that we are talking about are FunctionX and PundiX. PundiX or in short, NPXS is a coin native to the PundiX platform, and the services that are provided through this platform, are paid with it. These services include communication between customer and retailer, various prepaid services, escrow of cryptocurrencies and a bank account. We could therefore say that NPXS is a cryptocurrency that is used in the PundiX network to facilitate financial services, offered in the world as we know it now, in a decentralized way. On the other hand FX token is meant to fuel the decentralized internet, which PundiX decided to create through connection of their smart devices, which act as nodes in the network. The FX token will be able to facilitate In-app purchases as well as blockchain calls, smart contract creation, settlment of transaction fees, advertisement and hosting fees. We can therefore say that FX token unlike NPXS is a infrastructure coin of PundiX, which fuels the functioning of the system. Consumers that own the FX tokens can enjoy the decentralized services provided by the FX ecosystem, while infrastructure service providers and developers will be providing decentralized services in exchange for the tokens. A function that caught our eyes is the possibility to become a financial service provider. That would mean that providers of liquidity for the FX coin will be be rewarded for their services with collected fees. That could motivate them to do so, which in turn could make the transactions within the platform efficient and smooth.
If you now wonder how you can get your hands on this coin, and you still can’t figure out how, let us explain to you how will the tokens be issued and distributed. The total market cap of the FX coin will be at the end of the distribution 378,604,524. From this, 5% (18,930,226) will be used for a product and marketing, 10% (37,860,452) for engineering and 20% (75,720,905) will be kept by the company as a ecosystem genesis fund. However, 65% (246,092,941) of the total supply will be distributed between NPXS/NPXSXEM holders. From the total of 65%, 15% (56,790,678.60) will be distributed to those who will stake their NPXS/NPXSXEM coins, 45% (170,372,035.80) will be kept for those who would like to simply convert their NPXS/NPXSXEM coins into FX tokens and 5% (18,930,226.20) will be distributed as extra bonuses. As you have probably already noticed, there is no ICO for the new coin. Rather on the contrary, those who already invested their money into the company are rewarded for the accumulation of NPXS coins and those who would like to get their hands on the FX coin will eventually have to either buy them for the price on the Bittrex exchange or buy NPXS coins and exchange them or stake them. Since NPXS and NPXSXEM coins are burned after they are exchanged, we believe that this decreasing supply with increasing demand coming from those that would like to own FX tokens, will award investors that believed in the company and accumulated NPXS during the bearish times. It’s therefore possible to see that they issued the coin in a way that early investors will not only benefit from the higher price of the NPXS/NPXSXEM token, they can also now benefit from mining and increase in the price of the FX token itself.
The easiest way to acquire FX tokens is to our opinion an exchange of the tokens within the Pundi’s X-wallet. To do so, you will have to buy NPXS or NPXSXEM coins on the exchange, send them to the X-wallet, create a F(x) card within the wallet, transfer the tokens there, finish KYC and click the button “Conversion”. Once you do that, you will see a yellow bar, which says how many coins can still be exchanged for that day. For a clarification, FX coins for conversion’s are issued daily from 16. April until 14. July. That means that there is only a window of three months within which it’s possible to exchange the coins. It also becomes increasingly harder to exchange the coins over the time, because of the increasing demand for FX coins combined with monthly decreasing number of issued coins. To see how quickly the amount of issued coins drops, 2,839,533.95 FX coins will be available for conversion daily from April 16 to May 15, 2019, after that there will be only 1,874,092.40 coins exchanged daily from May 16 - June 14, 2019, finishing with only 965,441.54 FX coins a day from June 15 - July 14, 2019. The one thing to keep in mind while converting the coins is the fact that converted coins are distributed monthly from the day of the conversion for 12 upcoming months. To be able understand how it works, imagine that I have converted amount equaling to 40 FX coins on 15. May. At the end of that day I will receive only 4.8 FX coins. On that day, each consecutive month, I will then keep on getting 3.2 FX coins distributed to my X-wallet. It’s therefore important to count with the fact that you won’t be able to cash the profits from the conversion right away. It could in fact potentially encourage steady growth of the price since the distribution date varies for majority of people, and new coins are distributed gradually in small lots.
Another way how you can acquire FX coins is through the staking of NPXS/NPXSXEM coins. To do that, you again must do everything like in the previous scenario until the KYC. From there, you simply click staking and you begin. The rewards for staking are in total for each month 4,732,556 FX coins. On average, they claim that if you stake 100,000 NPXS, you will be rewarded with 1.5 NPXS a month. To keep on staking, it’s important to keep in mind that it is divided into stages which are consisted of 28 days. Each new stage of 28-day staking requires therefore the participants to click “start staking” to continue the staking. If the participants do not click, the staking of the next stage will not start and XWallet will send a notification reminding the participants to take action. To understand how profitable the staking approximately is, we have created a model based on the quantitative theory of money, which for a simplicity lacks velocity. Based on the fact that currently 2,839,735 FX coins were issued, and that market cap of the FX coin is currently 2,085,650 USD, we decided to input market cap at the end of the 12-month period as 40% of the total market cap of NPXS and NPXSXEM combined (63,695,568.00). If we therefore invested imaginary 100,000 NPXS, the total amount of coins received for staking at the end of the issuing period would be 18. With the market cap of 63,695,568 USD, the price for a coin would be around 0.280396234 USD. If we bought 100,000 NPXS for the current price, it would cost us approximately 76.6 USD. With the price mentioned, the resulting gain from staking in U.S. dollars would be $5.04, which is 7% from the previously invested capital. It is though important to keep in mind that it is still possible to even have less than what you had initially, because of the decrease in the price of NPXS or FX coin. A handy trick that I have found out is that it’s possible to convert NPXS for FX tokens and yet, keep staking the amount exchanged for the FX coins. That means that it is possible to combine these two approaches to speculate on the price of the FX coin and NPXS coin at the same time. Let’s therefore continue with technical analysis of those two, though mainly of NPXS because of its sufficient amount of data.
From the look at the daily graph of NPXS, we can notice that the price has currently formed a higher low, which is a bullish sign. The reliability increases with the large volume that we’ve noticed on the chart on 5. April and stays to this day. Since 16. April was a day when the conversion began, it’s reasonable to assume that investors began accumulating NPXS at around these prices. Currently, the price dwells at the golden vertical line, which if broken could mark the beginning of the pump that could easily bring the price to 0.0014 USD/NPXS. However, it’s important to keep an eye on the trend line which connects the first bottom with the following higher low. In case this trend line gets broken, price could as well keep on dropping. If not, break out through the golden resistance could mark the beginning of the long-term bullish trend.
FX token on the other hand has already reached its highest price since its beginning and currently the chances are that the price could still go to $1.11 for a FX coin. However, there is a bigger chance that the price will correct than that the price will continue rising keeping in minds that the price of the coin at the end of the issuing period would be 0.2 USD considering that it reaches 40% of the total market cap of NPXS/NPXSXEM. With such an insufficient amount of data, it’s almost impossible to predict if price will rise to $1.11 or fall to $0.53 for a FX coin. However, from a risk to reward ratio, it’s currently safer to buy and stake NPXS for FX coins. The reason for that is the expectation of decrease in NPXS supply caused by the demand for conversion to FX tokens and staking. The decision on how you will approach this dilemma is though up to you. Our aim was to simply inform you about opportunity, which has recently appeared in the market.
