Quick Take
Pundi X has launched the $PURSE Ecosystem Pool, a major initiative with 1 billion $PURSE tokens, aimed at empowering its community and boosting the growth of the XPOS crypto payment and exchange ecosystem. The initiative also supports the development of the Decentralized Physical Infrastructure Network (DePIN).
The 1 Billion $PURSE Ecosystem Pool
Singapore-based blockchain technology company, Pundi X, has launched its ambitious $PURSE Ecosystem Pool, a strategic initiative designed to empower its community and drive the growth of its XPOS crypto payment and exchange ecosystem. This initiative also aims to support the development of the Decentralized Physical Infrastructure Network (DePIN), positioning Pundi X as a key player in the world of crypto payments and blockchain technology.
The $PURSE Ecosystem Pool is set to be distributed in four distinct phases, each with a specific focus and purpose.
The first phase, known as “Empowering Transactions,” will allocate 100 Million $PURSE tokens to incentivize existing p(x)Card holders and task achievers, with the goal of increasing crypto transactions via XPOS and enhancing user engagement.
In the second phase, titled “Expanding Participation,” Pundi X will allocate 200 Million $PURSE tokens to various stakeholders, including Club PURSE members, blockchain wallet users, XPOS merchants, and new p(x)Card holders. Club PURSE, a decentralized marketplace within the Pundi X ecosystem, serves as a platform for merchants, projects, and advertisers to showcase their offerings using $PURSE tokens. This initiative aims to create a mutually beneficial environment where merchants and customers can interact, making transactions more convenient for all parties involved.
The third phase, “Incentivizing Contributions,” introduces staking rewards, offering 300 Million $PURSE tokens to Club PURSE members, XPOS merchants, and wallet users, encouraging sustained community involvement. This move aims to strengthen the Pundi X community’s engagement and commitment.
The final phase, “Innovating the Future,” is perhaps the most intriguing as it signifies Pundi X’s dedication to continuous innovation. With 400 Million $PURSE tokens, the company aims to drive the evolution of crypto incentives and shape the future of the crypto payment ecosystem. While specific details about this phase are yet to be revealed, it reflects Pundi X’s forward-thinking approach and its commitment to staying at the forefront of blockchain technology.
Zac Cheah, CEO and Co-Founder of Pundi X Labs, said: “This strategic $PURSE Ecosystem Pool is a testament to our commitment to building a decentralized marketplace that aligns the interests of both providers and consumers, fostering a vibrant and engaged community. Moreover, it plays a pivotal role in advancing the vision of the Decentralized Physical Infrastructure Network using XPOS.”
Pundi X’s XPOS platform is already operational in several countries, including Canada, Turkey, South Africa, and Japan, with a unique model known as Crypto Shop being utilized in Turkey. With over 15 Crypto Shops currently in operation, Pundi X is making strides in bringing crypto payments to physical storefronts.
Furthermore, Pundi X’s partnerships with major point-of-sale (POS) manufacturers such as Verifone, PAX, Sunmi, and Ingenico demonstrate its commitment to expanding the reach of its XPOS system globally.
As Pundi X takes this significant step towards decentralization and community empowerment, it reinforces its position as a pioneer in the blockchain and cryptocurrency space. The $PURSE Ecosystem Pool is a bold move that not only rewards its community but also paves the way for future innovations in the world of crypto payments and exchange. For those interested in learning more about this initiative, further information can be found on their official Medium page.
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