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PundiX listens to its community, conducts poll on methodology change for unlocking month-end tokens

Priyamvada Singh

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PundiX listens to its community, conducts poll on methodology change for unlocking month-end tokens
Source: Pixabay

On 8th August, the official Twitter handle of PundiX communicated to its community that it has drafted a proposal for modifying its methodology for releasing unlocked NPXS tokens. This came after the community’s request to do the same. The tweet read:

“Dear Pundians, you’ve asked. We listen. Many of you have suggested a change to the current methodology of releasing monthly unlocked $NPXS tokens. Here’s the proposal for you to review and vote for approval.”

The change is meant to benefit long-term holders of the token. Moreover, the random snapshots of user balances and the distribution of unlocked tokens will depend on the time span for which the users have held the NPXS tokens.

Till December 2018, 7.316% of the total tokens held by a user in the snapshot taken at 23:59:59 at the end of every month will be unlocked. This is according to the current mechanism. However, PundiX has drafted a new proposal where the 7.316 will be unlocked based on the daily weighted average. Regarding the exact methodology, PundiX wrote:

“(The lowest amount of NPXS tokens of the month X 10%) + (the daily average amount of NPXS X the rest of the holding days X 90%)”

The official Medium blog of PundiX also defined criteria for voting on the proposal. Only the holders of NPXS can vote. Moreover, to cast the vote, one has to transfer a small amount of NPXS to the provided address. The votes cannot be repeated and the same address cannot make two transactions or the votes will be invalid.

If a holder wants to vote for the old mechanism, the cost of the vote is 0.002 NPXS, whereas it is only 0.0001 NPXS to vote for the new mechanism. Votes cannot be cast by exchange wallets but can be cast from an ERC20 wallet for which the holder owns the private key.



The time period of the voting is 10th August 11:59:59 [GMT+8] to 15th August 11:59:59 [GMT+8]. The results will be announced on 16th August.

Moreover, the PundiX official proposal also stated that the holder of more tokens will represent more votes. It read:

“For example, if you hold 1,000,000 NPXS at 11:59:59 SGT (GMT+8) on August 15, your vote will multiply by 1,000,000.”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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