Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Pundi X - Any store can buy, sell and accept Cryptocurrency
by
Kurva
on 05/05/2019, 10:02:59 UTC
There is no swap but it's the token removal. NPXS and NPXSEK token holders are not affected by it. It will probably reduce the number of converted NPXS tokens from the supply.

So NPXS holders can ask for their tokens to be removed and in exchange receive FX tokens instead?

Is that how it works?

Pundi X call it tokken removal but it is a coin burn. All all the tokkens that was converted from  NPXS TO FX will be burned. Now they will burn 7.5billion tokkens from the converted coins. Of cours will not the holders be effected by this. This coins will be dead and the price of NPXS will hopfully raice. And the sme thing will be done for all the coins that are converted in May and the same in June.

Q1 2019 NPXS and NPXSXEM token removal:

As announced, the Q1 2019 NPXS and NPXSXEM token removal will take place in the second week of May. To combine the result of both NPXS / NPXSXEM utilization and NPXS / NPXSXEM conversion to FX from April 16–30, the removal amount will be executed as follows:

The NPXSXEM removal amount is 6,952,786,956.99 (6.9B)
The NPXS removal amount is 7,592,770,954.46 (7.5B)


As announced, the Q1 2019 NPXS and NPXSXEM token removal will take place in the second week of May. To combine the result of both NPXS / NPXSXEM utilization and NPXS / NPXSXEM conversion to FX from April 16–30, the removal amount will be executed as follows:

The NPXSXEM removal amount is 6,952,786,956.99 (6.9B)
The NPXS removal amount is 7,592,770,954.46 (7.5B)

https://medium.com/pundix/q1-2019-npxs-and-npxsxem-token-removal-77f8b90b0069