Dear Pundians,

The ongoing token swap has been successfully executed since March 20, 2018. The process has been faster than expected as around 85% of the tokens have been swapped in less than three months.

In response to the community’s suggestions, we are now preparing to finalize the token swap by generating all remaining unswapped tokens. The remaining portion accounts for around 15% of the total supply of NPXS. Remaining PXS holders can continue to swap for NPXS from this supply.

We hope that this will also help solve the issue of CoinMarketCap being unable to calculate our market capitalization so long as the number of NPXS in circulation remains indeterminate due to the incomplete swap.

For PXS holders who are yet to swap, the process will remain unchanged. You can follow the existing instructions to perform the swap at https://www.pundix.com/swap.

After September 20, as has already been announced, the company will stop accepting PXS tokens for swaps. All unclaimed NPXS tokens will be disclosed and donated in a timely manner to charitable or reputable academic organizations which will specify their use. We will seek to use the unclaimed for the betterment of the world.

Team holdings

According to CoinMarketCap’s definition, tokens that are locked, reserved, or not able to be sold on the public market which will be excluded from the circulating supply.

At Pundi X, being transparent is our motto and so here are our addresses for the Management, Company and Advisory reserved tokens. The reserved tokens will be unlocked at a rate of 10% each month.

25% Management pool: 19,981,136,269 NPXS

0x559444745a3c17EE7E8cC47fc20f1f9AC3B572c4

20% for Company pool: 15,984,909,015.2 NPXS

0xc6464FDCA8F0E889425005cfA9484243BdC566Dd

5% for Advisory and marketing pool: 3,996,227,253.8 NPXS

0xeaAA51bF4BB28bcb92546223F7AC640d609ab81a

In total, we expect the NPXS token supply in June 2018 will reach 119,886,818,935, of which circulating supply will be about 79,924,546,397. Generation will start in batches throughout this month; the exact date and time of which will not be announced to prevent market speculation.

Sincerely,

Zac Cheah

CEO and co-founder

Pundi X