Agreed. I assume, the liquidity withdrawals was a response to the hack. But there is plan shared to restore everything back.
10 posts were merged into an existing topic: Not receiving transfers in coinbase
Dear team, I hope for your understanding! I am writing to you both on my own behalf and as a representative of the friendly validator FX Friends X. I would like to ask you to inform the community of your decision regarding the future of the network.
Please let me know in advance. I would like to warn our delegates about this. So that people have time.
Best regards!
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A post was merged into an existing topic: Ivanâs theory
Hello everyone!
Almost three months ago, the PundiX team initiated a very important proposal â the idea of transitioning and, as I understand it, possibly discontinuing their own network.
Community members and validators responded by asking clarifying questions. However, during all this time, no one from the team has continued the communication, elaborated on their own idea, or answered any of the questions. Frankly speaking, this has left the community uncertain about the future development of the project and the network.
I believe the current level of communication is insufficient and unclear. Keeping validators, delegators, and the wider community in uncertainty about the projectâs future is not constructive.
I would like to draw attention to this matter and kindly ask for at least some comment or clarification. It would be great to understand where we are all heading.
Thank you.
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Hi, we understand your concern. Weâre still finalizing a few details on our end and will update the community once everything is confirmed. The community remains our top priority, and weâll ensure the outcome benefits everyone.
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post on the Telegram news
A New Era Begins January 2026
The evolution of Pundi AI has been defined by innovation and a commitment to building decentralized infrastructure for AI, payments and blockchain applications. Launched in 2021 as Function X with its own Pundi AIFX Omnilayer (previously f(x)Core blockchain), the ecosystem has demonstrated how interoperability, onchain governance, and validator participation could be implemented on a purpose-built network. After four years of building and iteration, it has become clear that the path forward lies in deeper integration with the broader blockchain economy. Beginning in 2026, we will migrate entirely to Ethereum.
Why Ethereum?
The decision to migrate is driven by a recognition of Ethereumâs unparalleled scale and transparency. Ethereum secures more than $500 billion in onchain assets and accounts for over 60% of the total value locked (TVL) in decentralized finance, making it the largest and most trusted blockchain ecosystem. According to a report by Messari, Ethereum consistently processes over 1 million transactions daily, while supporting the vast majority of decentralized applications, governance frameworks, and tokenized assets. By moving into this ecosystem, Pundi AI gains access to global liquidity, well-established governance tools, and the credibility that comes from operating on the worldâs most widely used blockchain.
Governance, which has until now operated exclusively on our own chain, will transition to Ethereum through decentralized autonomous organization (DAO) frameworks such as Snapshot. This transition strengthens transparency and broadens accessibility for the community, while also bringing Pundi AI in line with governance models widely adopted by leading centralized exchanges.
The shift also promises to transform liquidity and market access. According to DeFiLlama, Ethereum alone hosts more than $80 billion in decentralized exchange liquidity. Yet the liquidity landscape extends far beyond Ethereum mainnet and extends into Ethereumâs Layer 2 and EVM ecosystems. $PUNDIAI is already supported by major bridges like Squid and Axelar, allowing users to move tokens quickly and easily across different networks. This makes $PUNDIAI more accessible and liquid in the growing multichain ecosystem.
Timeline of migration
The migration is structured to ensure users can transition smoothly without losing access to their tokens or liquidity.
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Phase 1 - now till 1st March 2026: Users bridge tokens out from Pundi AIFX OmniLayer manually. This includes delegated tokens, assets held in Pundi AIFX Classic, PundiXChain, and other DApps such as MarginX. To encourage users to bridge out, the block reward will be set to zero through governance proposals before the conclusion of Phase 1.
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Phase 2 - After 1st March 2026: Bridge will be closed and chain shutdown. A governance proposal will be initiated to close the chain.
It is important that users withdraw all their assets by the end of Phase 1. Feedback and suggestions are welcome in this thread.
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David,
Thank you this informative post. Very proud of Pundi team to keep ploughing through hard times and continuing to build. I believe this shift will help team focus on core PundiAI development and reduce distractions. I hope we make more marketing and adaption efforts going forward.
2 Likes
2 posts were merged into an existing topic: Ivanâs theory
Thank you for all the feedback, our focus stays the same. With this migration, we can fully concentrate on building our core products like the AI Data Marketplace and Data Pump. Noted for the suggestion on marketing side, weâll be allocating more resources toward marketing as well.
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My personal thoughts.
First of all, I would like to express my appreciation for all the feedback shared, both positive and critical. I value every perspective and always take the time to consider communityâs feedbacks carefully.
Our AI products have huge potential, and with the continued support from chains such as BNB Chain and Ethereum, we are well-positioned to further expand integrations and collaborations that will grow the broader ecosystem.
This was not an easy decision to make, but I believe it represents a necessary and forward-looking step for our long-term development.
4 Likes
This will take time to get around, some have other assets to deal with first, thereâs no need to rush but swift action will be good.
People need to ask for info on how to get things done, not get hung up on why itâs being done, confusion will only make people vulnerable to scammers.
All the wallet & transactions / transfers will create visibility giving out figures and metrics that could play in our favour. Try to find the value in what the final results is. ( because itâs happening ), those that fight it are the ones that could end up costing us or more likely yourself value.
The swift action will be stronger action for preservation of everything.
On a personal note I hate to have to go through the motions of this and I doubt anyone wants to, But I see itâs better purpose, I understand the trial an error process to finding your path to success, best not to see this as a loss of something but a reduction of road blocks stopping us from moving forward, the project didnât build a trap - they built a universal system - we can flow into many places we were never stuck proof is the fact under your own free will you can move through networks, this was always by design. feel free to move freely to Ethereum.
Note: Donât forget currently it will take 21 Days for undelegated coin to return to your wallet, do that before early February for this current model, Iâm asking if this will be reduced.
I fully support this proposal. The chain closure isnât an end, but a fresh beginningâallowing us to channel our time and resources into building better products to reward users and holders.
3 Likes
I agree with the migration. Rather than remain stuck on a path that no longer serves the goals or aligns with the new values.
Changing direction is a strength, not a weakness. If something is not yielding results, itâs better to pivot asap. Itâs important to adapt to market changes.
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Thank you all for the support.
After the migration, there will be some mechanism like the current delegation that provides users of a rewards by holding?
I am not refer to mechanisms based on liquidity provisiĂłn or similar. I mean, a pure process of validacion where the risk for user is practically negligible but he can obtain a reward only by suportting the proyect by holding the tokens.
Please, Could you be totally clear with the answer?
I think that, like many of us without a technical background, this is difficult to understand.
If our blockchain has interoperability, what makes it less usable?
What about those of us who are network validators and have supported the project without actually seeing any benefit? Because most validators havenât been compensated for their time and money with the return received. This is another debate.
Frankly, this seems like a failed attempt at a migration plan. Those of us who have been here since 2017 have always trusted the team, but I think thereâs a lack of transparency in communication. Iâve been hearing in the crypto world that those of us who are âholdersâ arenât shareholders in the company, but I think that unconditional support deserves a little more.
This is my first serious criticism of the team, although, knowing you well, my trust in you remains unchanged, and I believe that at some point both projects will have the value they deserve.
The crypto world has become the biggest smokescreen in the investment world, and liquidity moves without any basis.
Best regards to all.
1 Like
A post was merged into an existing topic: Ivanâs theory
Hello. Iâd like to clarify a few points so we can make plans.
When should validators be disabled, and most importantly, can we already contact subscribers and delegators to request that they withdraw tokens from delegation? As a validator for FX FriendsX, weâd like to have good communication with our delegators. And weâd like to notify them in advance.
Can we communicate this decision to X already??