Blockchain retail startup Pundi X opens KYC process to vet ICO Investors

JAKARTA, Indonesia, Nov. 6, 2017 /PRNewswire/ -- Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, today opened its KYC (Know Your Customer) process to whitelist investors in preparation for its public ICO (Initial Coin Offering). Investors who pass the KYC check are eligible to invest and guaranteed the opportunity to buy PXS tokens in the public token sale starting November 20. The white listing application will close at 10:00 GMT+8 on November 19.

Pundi X has recently completed its successful pre-sale ICO with a total of 3,148 ETH, 613 BTC and 250,040 XEM - equivalent to 14,000 ETH or 4 million US Dollars - raised from 615 investors. Renowned angel investors include David Lee Kuo Chuen and Lon Wong. Chuen serves as a Professor of Quantitative Finance and is an investor of ZCash, Qtum, TenX, InfoCorp and OmiseGo; Wong is the President of NEM.io Foundation and CEO of Dragonfly Fintech. Nem currently ranks 7th in the Coinmarketcap.

"We are seeing tremendous interest in Pundi X by investors from around the world," said Zac Cheah, CEO of Pundi X. "The KYC process is designed to bring the highest degree of protection to participants in the ICO to ensure the success of the token sales, and the trustful long term relationship and cooperation between our team and investors."

In the first week of ICO, starting on November 20, investors will be rewarded with a bonus of up to 65% extra tokens. Investors who invest 30 ETH or equivalent from a single address will also get a free XPOS device. The devices delivered under this offer will be shipped within 45 days after completion of the ICO process.

Extra Tokens

Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion, by enabling wide cryptocurrency adoption thanks to their POS smart device.

The Pundi X POS (Point of Sale) device enables anybody to buy, sell and use cryptocurrencies to pay for goods and services in retails stores as well as access financial services, making them available to the large "unbanked" population in developing markets for the first time. Pundi X will first deploy the POS devices in South East Asia, starting with Indonesia, the largest market in the region, building on the company's existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outlets. Pundi-Pundi has already signed up more than 100,000 users and over 500 merchant partners in Jakarta in less than a year of operation.

Funds raised by the sale of PXS Tokens during the ICO period will be used to purchase Pundi X POS devices that will be installed in retail outlets enabling consumers to quickly and easily buy or sell cryptocurrency using fiat money (Dollars, Rupiah, Baht, etc.), bank card, mobile wallet or Pundi X Pass. The purchased cryptocurrency can be stored in a digital wallet or used to make cashless payments to top up phones, pay utility bills or buy goods, subject to local regulations in each market.

About Pundi X

Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross section of consumers and builds on the success of Pundi-Pundi which is one of Indonesia's most popular QR code cashless payment apps. The Pundi X ICO will provide funding for as many as 700,000 Pundi X POS devices to be installed over the next three years across all target markets.

For a detailed understanding of the platform and the team behind Pundi X, check out our website https://pundix.com

You can also find us on the following social media channels:

Website: https://pundix.com 
Twitter: https://twitter.com/PundiXLabs 
Telegram: http://t.me/pundix 
Medium: http://medium.com/pundix 
Facebook: https://web.facebook.com/pundixlabs 
Youtube: https://www.youtube.com/channel/UCOIf6WeLEzZi3DQxzenTZeA 
Telegram (Indonesian): https://t.me/pundix_id 
Telegram (Chinese): https://t.me/pundix_zh 
Telegram (French): https://t.me/pundix_fr 
Telegram (Korean): https://t.me/pundixkorea 
Kakaotalk (Korean): https://open.kakao.com/o/gNNBYXA 
Facebook (Korean): https://web.facebook.com/Pundixkorea/ 
Telegram (Vietnamese): https://t.me/joinchat/D0-9GULzCrE_MUNqzxvj9g 
Telegram (Spanish): https://t.me/pundix_es 
Telegram (Russian): https://t.me/pundix_ru 
Telegram (Japanese): https://t.me/pundix_jp 
Twitter (Japanese): https://twitter.com/PundiXLabs_jp 
Facebook (Japanese): https://web.facebook.com/pundixjp/ 
Telegram (Malay): https://t.me/pundix_my

SOURCE Pundi X

Related Links

https://pundix.com