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New week means a new token integration! This time we’re coming with double the excitement and twice the diversification of our payment options, $PUNDIX and $FX are available to pay and accept payments for tasks, jobs, and offers on HYVE.
Both tokens will be integrated on ETH. Their shared goal is to “allow crypto for the masses.” A commonly used comparison is that owning crypto is as easy as buying a bottle of water, an ambitious but equally achievable goal that HYVE has set.
As you might recall, we have previously partnered with Pundi X to issue the HYVE XPASS card as a payment option on XPOS. Pundi X bridges the gap of real-life implementation that cryptocurrency often lacks by creating blockchain-based point-of-sale (POS) solutions; it allows cryptocurrencies to be used as a payment method- ‘as easy as buying bottled water! It has revolutionized the way that crypto is relevant on a day-to-day basis.
Everything you need to know about the $PUNDIX token
Firstly, you need to know that Pundi X is the most versatile payment ecosystem of its kind, enabling the use of digital currencies anytime, anywhere. $PUNDIX is the native coin of Pundi X Chain, previously known as NPXS before March 2021. It is also an ETH-compatible token that aims to make it easier for people to purchase goods and services using crypto. At the same time, it can also be used to conduct instantaneous in-store transactions on the Pundi X blockchain.
Pundi X project was created in the hope of decreasing the difficulty and complexity surrounding cryptocurrencies for something other than trading; the first step in doing this was implementing $PUNDIX as its native cryptocurrency; it brought Pundi X closer to putting cryptocurrencies on the same page as mainstream currencies and to be used as a standard payment method.
$PUNDIX tokens are required when listing tokens on the Pundi XPOS platform, and staking in $PUNDIX on Pundi X Chain has its perks. Merchants can connect to POS terminals and enable crypto-based payments through the Pundi X Platform, an integration panel.
Pundi X utilizes a mobile contactless point-of-sale terminal called the XPOS to enable the use of cryptocurrency in retail. $PUNDIX token is accepted by retailers using the XPOS as a payment form. The XPOS is already available in over 30 global markets, reiterating that cryptocurrencies are headed towards being as easy as buying bottled water!
Retailers, companies, and public institutions alike benefit from the XPOS; its many uses include helping to digitalize their payment infrastructure or stabilize their payment ecosystem amid hyperinflation, all through Pundi X’s blockchain technology.
Everything you need to know about the $FX token.
$FX is the governance token for the Function X project, which powers Function X. It is composed of a core blockchain, a cross-chain protocol, and a platform for decentralized applications. $FX can be used to vote for network upgrades and be involved in the decision-making process, to generate synthetic assets, to pay for services such as smart contract creation and data storage, and for staking on the network as well as to delegate, to secure the core network and as collateral.
It is an ecosystem built on and for the blockchain created by the developers from Pundi X Labs. The platform has a cross-chain architecture that is based on pBFT as well as PoS. This means that multiple chains are part of FunctionX; Ethereum is one of them; this allows it to increase its overall liquidity and the value of virtual assets on the network.
$PUNDIX & $FX
You can buy the $PUNDIX and $FX tokens on all major exchanges, which you can later use to pay or get paid for tasks, jobs, and offers on the HYVE platform. $PUNDIX and $FX will be integrated on ETH on the HYVE platform; if you are already wondering where you can find the contract addresses for $PUNDIX and $FX, let us help you.
$PUNDIX on ETH: 0x0fd10b9899882a6f2fcb5c371e17e70fdee00c38
$FX on ETH: 0x8c15ef5b4b21951d50e53e4fbda8298ffad25057
Coming up next…
HYVE is persevering on the journey to further adoption; stay patient and up to date as we periodically integrate more new tokens. We hope that our second version of the platform, officially available on the 14 of June, will embody a perfectly decentralized environment for freelancers and enterprises alike to collaborate without any intermediation.
Our goal is to reach the complete diversification of our payment options, all to provide you with only the most optimal methods for payment on the HYVE platform. HYVE already stands out due to its incredibly low fees for freelancers, which have yet to be beaten by any other freelancing platform. Fees vary between 1% for tasks, jobs, and offers completed in $HYVE and up to 3.5% for payments performed in $ETH, $BTC, or $USDT and 9% for altcoins.
It is worth reminding that Pundi X is HYVE’s oldest partner; our collaboration started in the very early days of our project. In addition, Pundi X had been a great advisor and provided many lessons to be learned for HYVE’s development. With the launch of the new platform, our partnership with Pundi X will reach a new stage, but we are currently keeping the surprise under wraps.
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Want to learn more about PUNDIX?
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Want to learn more about FUNCTION X?
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