Pundi X Launches PURSE Token Distribution for DePIN Development
Pundi X, a blockchain-based point-of-sale solution, has started distributing PURSE tokens as part of its initiative to incentivize builders and participants of the Decentralized Physical Infrastructure Network (DePIN).
The distribution of PURSE tokens utilizes DePIN technology to transform the relationship between customers and merchants. It allows customers to earn loyalty points for every transaction, similar to traditional cashback or loyalty programs offered by credit cards or airlines. At the same time, merchants benefit from increased customer retention and sales.
This symbiotic model creates an ecosystem where both parties receive tangible rewards through continued engagement.
Zac Cheah, co-founder and CEO of Pundi X, expressed excitement about recognizing and rewarding dedicated participants using the DePIN solution. He emphasized Pundi X Labs’ commitment to fostering loyalty and growth within their ecosystem.
PURSE Token Holders Enjoy Various Benefits
Holders of PURSE tokens gain access to a range of benefits such as gifts, goods, services, and cash-back features. These incentives are earned through further spending.
PURSE serves as the native token of the PURSE Merchant loyalty point platform, operating across multiple blockchain networks.
First Phase: Distribution to p(x)Card Holders
The first phase of the distribution program involves allocating 100 million PURSE tokens from Pundi X’s reward pool. These tokens will be distributed to p(x)Card holders who spend cryptocurrency via the XPOS platform on a first-come, first-served basis until the entire token pool is claimed.
This four-phased program aims to drive the evolution of crypto incentives and shape the future of the crypto payment ecosystem.
Pundi X’s Token Launch Complements p(x)Card
The token distribution program works alongside the p(x)Card, a self-custody hardware wallet card supporting multiple blockchain networks. The p(x)Card securely stores users’ digital assets and facilitates transaction signing through NFC technology.
Participants using p(x)Cards for transactions have a chance to win randomized PURSE rewards, which can be claimed through the p(x)Card app.
Pundi X Integration with Traditional Point-of-Sale Terminals
In June last year, Pundi X integrated its technology into traditional point-of-sale (PoS) terminals provided by Verifone. This integration allows a wider network of retailers to accept cryptocurrency payments alongside traditional transactions.
Hot Take: Pundi X Boosts DePIN Development with PURSE Token Distribution
Pundi X has launched the first phase of its PURSE token distribution to incentivize builders and participants of the Decentralized Physical Infrastructure Network (DePIN). This distribution reshapes the relationship between customers and merchants, allowing customers to earn loyalty points for every transaction and providing merchants with increased customer retention and sales. Holders of PURSE tokens gain access to various benefits, and the distribution program complements the p(x)Card hardware wallet card. The program aims to drive the evolution of crypto incentives and shape the future of crypto payments. Additionally, Pundi X has integrated its technology into traditional point-of-sale terminals, enabling more retailers to accept cryptocurrency payments.
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