1 billion $PURSE Ecosystem Pool has been launched by Pundi X to build DePIN Infrastructure.
Pundi X Announces the $PURSE Ecosystem Pool, a Bold Initiative to Empower and Reward Its Community
The Pundi X ecosystem is excited to declare the $PURSE Ecosystem Pool, valued at one billion dollars, as a strategic initiative to bolster its community, accelerate the growth of the XPOS crypto payment and exchange ecosystem, and promote the expansion of the Decentralized Physical Infrastructure Network (DePIN).
The ecosystem award distribution will be achieved in 4 phases as follows:
In Phase 1, 100 million $PURSE tokens incentivize existing p(x)Card holders and task achievers, fostering increased crypto transactions via XPOS and user engagement.
Phase 2 allocates 200 million $PURSE tokens to Club PURSE members, blockchain wallet users, XPOS merchants, and new p(x)Card holders, cultivating a diverse ecosystem.
Club PURSE: A Decentralized Marketplace for a Thriving Ecosystem
Club PURSE is a decentralized marketplace that operates within the Pundi X ecosystem, drawing inspiration from the iconic Diners Club model. With $PURSE tokens, merchants, projects, and advertisers can showcase their goods and services on this innovative platform, connecting with discerning customers and expanding their reach.
The $PURSE token can be used by customers to redeem various products and services offered on the platform. This enhances the utility of $PURSE and creates a decentralized marketplace that benefits both providers and consumers.
In the third phase, PURSE introduces staking rewards. It offers 300 million $PURSE tokens to Club PURSE members and XPOS merchants, incentivizing their continued participation.
Innovating the Future
Pundi X has allocated 400 million $PURSE tokens for the final phase. This is to showcase their dedication to driving the development of crypto incentives and shaping the crypto payment ecosystem.
“This strategic $PURSE Ecosystem Pool is a testament to our commitment to building a decentralized marketplace that aligns the interests of both providers and consumers, fostering a vibrant and engaged community. Moreover, it plays a pivotal role in advancing the vision of the Decentralized Physical Infrastructure Network using XPOS,” — Zac Cheah, CEO and Co-Founder of Pundi X Labs.
XPOS: A Global Service for Users, Merchants and Distributors
XPOS is currently providing its services in multiple countries including Canada, Turkey, South Africa, and Japan. In Turkey, XPOS is utilized for conducting crypto exchanges in physical storefronts. This unique model is known as Crypto Shop, and over 15 shops are currently operational in Turkey.