Pundi X

Empowering blockchain developers and token holders to sell cryptocurrency and services at any physical store in the world.

About Pundi X

Pundi X aims to build a platform to increase crypto community up to 1 billion people in 5 years. They are looking to achieve it using own hardware and software which will make it possible to use cryptocurrencies at regular retail point-of-sales in one click. Pundi X will provide free hardware (at their first target location – Indonesia) for merchants to incentivize them to accept crypocurrencies. Then they have plans to expand their business all over the world.

Their ecosystem will include both software and hardware components: their own POS machines, Mobile App, contactless smart card, and PundiX platform (an operational environment to maintain mentioned devices and applications). An SDK will also be made available to make it possible to accept cryptocurrencies on existing PoS machines. The main issue, as for most cryptocurrency projects – laws and regulations. They’re starting form Asia region (Indonesia) and have clear plan what will happen in future up to the 2020 (Global Market expansion).

Token Sale Use of Blockchain

Product

3.8
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

According to whitepaper of the project, they’ve got one of the popular applications in Indonesia in the Pay-by-QR sector (like Alipay). More than 100 000 downloads and few smaller apps which generate an entire PundiX ecosystem (prototype) together. Their QR app is currently working with fiat money and can be used with an existing POS at any South-East Asia merchants.

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.

Use of Blockchain

Blockchain approach is totally connected with cost efficiency and interconnections with other blockchain products (card providers, merchant solutions, and so on). Also they’ve got plans about additional functionality, but for now it’s only plan. They’ve got some centralized solutions too. Managing of customer base will be released as a centralized, but cost-effective solution. Additionally, any clients can use PundiX to buy or sell cryptocurrencies alongside with payments.

Use of Blockchain Roadmap

Whitepaper

4.2
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

Very big but easy-to-read. All necessary and even unnecessary details are provided there. Language of whitepaper is very easy to understand and after reading it all their goals become clear as much as end user needs.

Whitepaper Compliance

Roadmap

3.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

Roadmap is clear and looks realistic. It started from early 2017, so it has some results already, which is obviously an advantage. All dates are clear and no questions appears. 2017 – 350+ merchants connected Q1 2018 – spread 2-3k devices in South-East Asia Q2 2018 – enter USA and Canada Markets Q4 2018 – enter Russian Market Q2 2019 – Global Market presence.

Roadmap Company and Team

Compliance

2.8
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.

Compliance

Token will be used for infrastructural purposes within the system (similar to ETH gas) and will be incentive for customers, because of additional discounts if they’ll pay by PXS (PundiX tokens) at any accepting merchant PoS.

Compliance Token Sale

Company and Team

4.2
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

Project team mostly consist of people form Asian region (plus one from Greece). According to website of the project, their experience (within big companies like Baidu or W3C) looks well and encouraging. Had two offices with total of 29 people.

Company and Team Product

Token Sale

3.8
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Token Sale

HardCap: 100 000 ETH (can be increased in case of high demand) SoftCap: 70 000 ETH Token price: 1 ETH = 500 PXS (add 0-15 % bonuses depends on week) Tokens for sale: 35 000 000 PXS (as a minimum) Allocation of funds (if 100 000 ETH reached): Offline promotions and Installations (68 %) R&D (18%); Other(7%); Operations(7%)

Product

According to whitepaper of the project, they’ve got one of the popular applications in Indonesia in the Pay-by-QR sector (like Alipay). More than 100 000 downloads and few smaller apps which generate an entire PundiX ecosystem (prototype) together. Their QR app is currently working with fiat money and can be used with an existing POS at any South-East Asia merchants.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.8

Use of Blockchain

Blockchain approach is totally connected with cost efficiency and interconnections with other blockchain products (card providers, merchant solutions, and so on). Also they’ve got plans about additional functionality, but for now it’s only plan. They’ve got some centralized solutions too. Managing of customer base will be released as a centralized, but cost-effective solution. Additionally, any clients can use PundiX to buy or sell cryptocurrencies alongside with payments.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.
Use of Blockchain Score:
3.0

Whitepaper

Very big but easy-to-read. All necessary and even unnecessary details are provided there. Language of whitepaper is very easy to understand and after reading it all their goals become clear as much as end user needs.

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
4.2

Roadmap

Roadmap is clear and looks realistic. It started from early 2017, so it has some results already, which is obviously an advantage. All dates are clear and no questions appears. 2017 – 350+ merchants connected Q1 2018 – spread 2-3k devices in South-East Asia Q2 2018 – enter USA and Canada Markets Q4 2018 – enter Russian Market Q2 2019 – Global Market presence.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.8

Compliance

Token will be used for infrastructural purposes within the system (similar to ETH gas) and will be incentive for customers, because of additional discounts if they’ll pay by PXS (PundiX tokens) at any accepting merchant PoS.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.
Compliance Score:
2.8

Company and Team

Project team mostly consist of people form Asian region (plus one from Greece). According to website of the project, their experience (within big companies like Baidu or W3C) looks well and encouraging. Had two offices with total of 29 people.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
4.2

Token Sale

HardCap: 100 000 ETH (can be increased in case of high demand) SoftCap: 70 000 ETH Token price: 1 ETH = 500 PXS (add 0-15 % bonuses depends on week) Tokens for sale: 35 000 000 PXS (as a minimum) Allocation of funds (if 100 000 ETH reached): Offline promotions and Installations (68 %) R&D (18%); Other(7%); Operations(7%)

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.
Token Sale Score:
3.8

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