details you need are in David’s post, network is to be closed 1st of march, you have time I would sort any other tokens you have on chain first and clean out.
eventually they will do a proposal to end reward income, to make people want to leave - once that is done this will be the time to concern your self in getting people to sort their stacks.
By all means do what you can to alert people the time clock is ticking and prepare, note currently it’s still 21 days for coin to return to wallets - Chain closure is set for March 1st !! act accordingly.
HI @Cryptogon13, understand that you are looking at a single-sided reward mechanism. We are exploring a few possibilities, while we can’t share right now, but will update once we have something concrete.
@Aravan thanks for being with us since the very beginning. All our work, including this one, is geared towards better adoption and net positive for token holders. Do we have a crystal ball, obviously not, but moving to ethereum and evm L2 will allow us to have better relevance in the space. For example Pundi AI Data Pump, despite the hack incident, has growing users especially in Bsc right now, it’s a start that we hope to continue on the overall Ethereum ecosystem.
@11110 as below, and kindly refer to David’s post, as @LKYBOB pointed out for context. You are encourage to sound it to your delegators about the schedule too.
–-Timeline
Chain closure: 1st March 2026.
To-do
Check if you have any tokens - stablecoin, ETH, PUNDIAI, PUNDIX, PURSE and others and kindly bridge out.
Check if you have delegated any PUNDIAI or PUNDIX, if yes, please withdraw before the deadline. Remember that there is a 21 day un-bonding cooldown period. Block rewards will also be stopped in December.
There is no penalty for undelegation and you will receive your tokens plus rewards in full.
Check if you any LPs, positions in various protocols in the ecosystem. They include MarginX LP positions, Baklava vault positions and others. Withdraw them before chain closure as there is no penalty for withdrawal.
Pundi bridge will continue to function with ample liquidity for withdrawal and will be closed upon deadline.
The proposal to set block rewards to 0 is live ( PundiScan ), and open for voting.
This will make sure no new rewards are created on the old chain while we move to the new one. All delegators will need to undelegate their PUNDIAI tokens and migrate them to the new chain. This step helps keep everything clear, avoids confusion, and ensures the migration goes smoothly for everyone.
As we withdraw, can we keep the tokens in their respective chains ? E.g. base, BNB etc? Or should everything be bridged to Pundi omni or Pundi ethereum chain for successful transition.
If the coins already on other chains like BSC - Base they are not needed to move: they are not on PUNDI AIFX, only need to worry about On chain PUNDI AIFX and PUNDI X Chain coins that need to bridge exit to ETH network, if you want to be on BSC network best to go to eth network first then to BSC network as the swap contracts work better that way.
LP pools that are on the PUNDI networks need to be exited.
I have not seen any info on meme’s coin on MarginX so you’ll need to swap out of those unless any can bridge somewhere @orbitant ?.
BAVA will exit to avalanche but thats not worth much anymore.
Any PUNDIAI classic will also need to exit the PUNDI Networks.
Like DTOK’s are on BSC so they are not an issue, same with any PURSE & PUNDIAI on BSC they are fine there.
PURSE Staked on BSC network with PURSE coins are not an Issue
What happens to the purse tokens? Do we have to transfer them from the Pundi Wallet to the BSC network? Will we lose them too? Will the Pundi Wallet be completely dismantled? I’m confused by the forum.
Purse will go on Eth or BSC chain, I’m waiting on direction for those I put all mine on PUNDIAI network to shift to eth, but i’m not getting the selection in the bridge app, I’m asking about that now.
main thing with Purse is to undelegate PUNDIX if your earning so the PURSE rewards stop & will automatically collect to your wallet, at this point they will be on PUNDI X Chain some of you may just hold PURSE on either Pundi chains, as I said I’m waiting on bridge information.
Note: I have PURSE staked on BSC network, if your looking for passive earning of more PURSE.
”All main coin can move to ETH” PUNDIAI, PUNDIX, USDT, PURSE, & other Stables I assume.
You can have your coin on any chain of choice our coins can already bridge too, they just can’t be on the PUNDI Chains - PUNDI AIFX / PUNDI X Chain as they are the ones closing, Eth will just be our Home chain.
Pundi Wallet will be the same only the “Pundi network wallets” won’t be usable once the chains closed, I imagine they will be removed from the wallet app. any other chain wallets like eth wallets in the Pundi wallet app will function as they do now.
current post by David
this is not complex Guys & Girls, just need to exit the “PUNDI Chains”. The Wallet “PUNDI Wallet” is OK. you can move to other chains within PUNDI Wallets.
What I understand so far, pundi wallet will work with all other chains except PundiAI, PundiX and PundiAi Classic. All other chains on the Pundi wallet will continue to work as is.
Does that mean the rest of the chains will remain in the wallet? Like, for example, the purse tokens that might be in BSC, I just bridge them to BSC and they’re secure? What happens, for example, with Chihuahua? Then I understand that all the memes… will be lost… all the money I’ve wasted buying shit… but oh well… they were shit all the time.
Thank you for your replies. I’m quite anxious, especially about the price of the bridge. With the value so low, it will cause a significant loss in the purchase price. I invested many thousands of euros and now I have almost nothing. It’s crazy.
Currently, the PUNDIAI tokens Max supply is not reached because the purpose was to generate it along next years with Omnilayer rewards mechanisms.
Now, we will migrate the current supply to ETH and PUNDIAI is not longer to be generated by block rewards because it will be working in another blockchain (ETH).
Then, what is the intencion of the Team? Create a new mechanism to increase progresively the supply of PUNDIAI up to the maximum already stated or to update the Max supply figure to the current circulating one?
In case that you are thinking about mantain the current Max supply and implement some new mechanism to increase the current circulating supply, could you give us some overview of your ideas to do it?
All chain coins were created when we originally swapped PUNDIX ( was then NPXS) through holders in the creation of FX coin with the vision of creating a network, Governance was created in that process and a release schedule was created, the chain token supply is that 19 point what ever million & was created before we even had a network, the coin not released will be the projects building blocks of what the project creates next on the Eth network, how that’s going to go you’ll have to wait for future update of the projects plans.
@Babelex.BXVG Purse on BSC are ok there, if you want to put all your PURSE on BSC that’s ok, Chain transactions are mere cents currently I don’t know why you fear TX costs.
the Meme’s won’t bridge, so swap what you can to a coin that will bridge to another network, like USDT - PURSE - PUNDIX - PUNDIAI.
there are no concerns for security on other networks, we are just getting off Pundi networks. Do Note our home base network will be ETH.
Discussion faze has finished Brother, it’s happening prepare accordingly, if you want to pursue this please create a new topic, as we are moving forward to exit and the topic is now to that goal.
Regarding the amount of PundiAI that was going to be mined as blocks were generated for validators, I think the fairest solution is to be able to take captures from private wallet holders, for example, by taking three random captures every month without anyone knowing the exact timing until the period has elapsed.
Frankly, if they were burned, it wouldn’t affect the value of PundiAI since the volume we have in the markets isn’t significant. I think the fairest thing is for the holders.
A second option would be to distribute a percentage to the holders and a small percentage to the 50 validators based on their connection time over all these years.
The maximum supply remains unchanged. We will introduce a new mechanism to distribute it on Ethereum. The current proposal to remove block rewards on Pundi AIFX is solely to support the chain migration. The exact details are still being finalized, but @zaccheah has shared some context here:
Hi, the un-minted tokens will not be burnt, it will be minted and brought into the Ethereum or EVM ecosystem. The objective is to continue incentivizing holders and contributors.
Same way it always has, PUNDIX & xpos run mainly on eth network long before we had Pundi X Chain, and probably to date more liquidity probably runs through eth than Pundi chains. Xpos is a payments App it dose not care what chain you want to spend your funds on. Eth being the main chain again the system will probably have a new governance model where any fee’s through xpos that use our coins will create a burn of PUNDIX Supply, something like that, but I think the chain with a higher TX rate are not on Eth anyway.