Dear Pundians,

We have recently announced a commitment to utilize NEM blockchain technology to produce 20,000 of the world’s first NEM-based Point-of-Sales terminals, called NEM XPOS.

To fund this project, we have concluded a private placement totaling $17 million (USD) worth on April 5th 2018. The fund will be used for technical integration and the production of at least 20,000 NEM XPOS over a three year period. Part of the funds will be used for general XPOS R&D which will also benefit the development of the NEM XPOS. R&D will include side chain implementation, XPOS management systems and other refinements of the system.

What does it mean for NPXSXEM holders?

The NEM XPOS will be priced extremely competitive, possibly for free, using the funding.

NPXSXEM holders will be able to benefit from the increased utility of NPXSXEM as a token in all transactions, including the redistribution of NPXSXEM.

We anticipate NPXSXEM tokens will be listed in May in the exchanges.

What does it mean for NPXS holders?