About

Pundi X Purse is a token and ecosystem component associated with Pundi X. Pundi X Purse, represented by the PURSE token, functions as a reward and utility token within the Pundi X ecosystem. It is primarily used to incentivize user engagement and facilitate transactions on the Pundi X network. These tokens can then be used for discounted payments, loyalty programs, or other services within the ecosystem.

Pundi X developed the PURSE token to enhance its payment infrastructure, encouraging adoption by rewarding users and merchants. The XPOS, Pundi X’s flagship product, integrates with PURSE by allowing merchants to offer incentives to customers paying with crypto. Additionally, PURSE operates on the Pundi X blockchain ecosystem, including the Function X blockchain, ensuring interoperability with Pundi X’s other tools like the XWallet and XPASS card.

History

In May 2018, Pundi X hired David Ben Kay (ex-Microsoft, legal counsel) to strengthen global compliance and regulatory outreach.

In November 2023, Pundi X team proposed, and subsequently approved with 90.27% of the votes in favor, an airdrop to PUNDIX holders on the Upbit exchange.

In February 2024, PURSE introduced the ERC-404-based “PURSE BOX NFT,” minting 10,000 BOX NFTs, each convertible from 1,000,000 $PURSE tokens. The ERC-404 standard, first live with Pandora, enables tokens to act as fungible assets or intact NFTs.

By September 2024, Pundi X Labs officially announced the launch of PURSE+, the first-ever SocialFi and AI-integrated browser plugin for X.com.

In November 2024, Pundi AI launched the testnet of its decentralized data annotation platform, Pundi AI Data, at the Singapore Fintech Festival. Pundi AI's suite of tools, including the Pundi AIFX omnichain layer and PURSE+ browser plugin, further supports this decentralized ecosystem.