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What is the PundiX project? (What is the PundiX coin?)

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The PundiX project is a decentralized trading platform based on Ethereum, aiming

What is the PundiX project? (What is the PundiX coin?)

The PundiX project is a decentralized trading platform based on Ethereum, aiming to make cryptocurrency transactions faster, cheaper, and more secure.

According to the project’s whitepaper, PundiX is fully compatible with EVM (Ethereum Virtual Machine) and can be integrated with any blockchain-compatible DEX protocol. It also supports a variety of asset types (such as Bitcoin, Ethereum, etc.) in an automated market maker liquidity pool (known as the order book). The exchange is currently under development, testing its network and smart contract functionality, and plans to launch the mainnet and a second ecosystem version soon.

According to the whitepaper, on the eve of the official launch of the mainnet on February 1, 2019, the founder, Michael Sapir, stated: “Although we have never publicly disclosed this idea, now we see a whole new field: genuine financial applications.”

What is the PundiX coin?

According to official information, PundiX is a decentralized synthetic asset issuance protocol based on Binance Smart Chain (BSC). The project mints the token PNX on the Ethereum blockchain and has completed the public testing phase.

As described, PundiX is a fully community-governed network that promotes the development and growth of its ecosystem through a token incentive model. It is also an open-source platform for the development and deployment of DApps (Decentralized Applications). PundiX has also introduced a “liquidity mining” program that allows users to deposit stablecoin pUSD into the system and earn rewards, without having to participate in the governance process or provide additional token rewards.

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