Is it not a dream that FX pride had risen 2x compare to yesterday but it frozen on Coinbase and we cannot do anything about it still, after week or so???
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HTX is an offshore exchange with far looser oversight, while Coinbase is a publicly traded U.S. exchange under the direct scrutiny of regulators
HTX has done swaps into unlisted tokens numerous times. COINBASE has never participated in a swap of any unlisted token.
Coinbase has not communicated anything different to its customers than its waiting for the transfer function to be unpaused by the project.
Why cant the project give us a timeline for when the âtemporaryâ pause is lifted?
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Imagine that value being destroyed for holders. Imagine if you could only unlock your funds through a swap contract at 100:1 ratio that values $FX at 0.037.
I imagine that dream is now a nightmare right?
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which means the PUNDIAI coin value will be about $3.98 per coin as PUNDIAI after the swap as per MEXC current value, there is always the prospect the value will run much higher then you paid, the Project is still fully intact doing what it set out to do, as I said before your % of the supply is the same in FX as it will be in PUNDIAI, youâll be even more upset if all FX swaps are completed and you end up stuck with FX. because even if you get to withdraw from the exchange dose not guarantee youâll have a market to take them too. PUNDIAI is the new upgrade future direction of the project, FX is the old soon to be abandoned coin once the swaps time lapes is finished.
I believe most investors simply want the freedom to chooseâwhether that means swapping on their own or using the swap contract, just like before transfers were paused.
Everyone was aware of the redenomination, but with all the delays and setbacks around PUNDIAI, the swap contract ratios no longer make sense.
Nobody here wants to see PUNDIAI fail. But the reality is, every time I check the price itâs falling further, and the token is now being delisted from major korean exchanges.
The longer transfers remain pausedâand the more PUNDIAI declinesâthe swap contract only becomes less attractive for holders.
Unpausing the token would allow investors to access liquidity, whether through the existing token market or through the swap contract and PUNDIAI.
This situation has already caused serious damage to investor trust. At this point, most investors are looking for a way to exit their positions, not to be locked into a new token.
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@indra new messages in your inbox maybe. be mindful Singapore time zone is not the same as US time zone.
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Yes, we have replied them as well. All communications are still ongoing between both parties and the official announcement will be published once it is done.
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Iâm at least encouraged to hear that there is ongoing communication with Coinbase. I will take indra at his word on that.
Really disappointed that @zaccheah still refuses to comment at all.
While we wait for an update, does anyone have an idea why the price of FX has been swinging so wildly on Coinbase? If no one can do anything with it, I would expect it to remain unchangedâŠ
Even though $FXâs transfer function is paused, a couple of exchanges are still trading it by moving balances internally rather than settling on-chain.
Hereâs why the price keeps swinging:
- Coinbase holds a large share of supply â now frozen, which removes much of the circulating float.
- Other exchanges have thin liquidity â so even modest trades create outsized price moves.
- FX was already volatile â ±10% daily swings were common before the pause and delisting.
- Speculation on Coinbaseâs delisting process â traders are betting on how Coinbase and the project will handle locked tokens, which adds extra volatility.
What you see now isnât market price discovery â itâs thin, speculative trading on a fraction of the supply.
note the combined volume on each exchange is significantly lower with thin price books compared to coinbase
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because itâs being swapped out, the value is false! the supply is reduced as itâs moving into PUNDIAI, hence the value will have wild fluxes
The 100:1 FX â PUNDIAI swap is supposed to shift value to PUNDIAI holders, yet the tokenâs price continues to drop. Market realitiesâlow demand, liquidity constraints, and negative sentimentâare outweighing the âwindfallâ from the swap. PUNDIAI may be getting value handed to it on a silver platter, but itâs still down, even on one of the best days for crypto.
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Hi Zac, if the smart contract was patched after the hack, why not unpause the smart contract and re enable FX withdrawals?
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swap started over 1 year ago, the reason the PUNDIAI market lacks momentum is because of the FX holdings that hold back on moving into the new projects direction, if there is a billion dollar market cap in Fx and every coin swapped in swift time there would be a billion dollar market cap now in PUNDIAI, Now the market cap is split because there are 2 markets, itâs simple maths, if you want to blame the PUNDIAI for having bad sentiment itâs because of holders & Exchanges not following the progress of the Project and Not moved along with it, you canât sail a ship if your deck hands are to lazy to untie the boat from the wharf; sitting in deck chairs saying this captain sucks. these are people like you.
to extent on that if there is 20 million M-cap in PUNDIAI and a 100 m m-cap in FX, if the FX swaps into PUNDIAI there is now a m-cap of 120m in PundiAI. the value of both markets are distorted because of holdings still in FX.
there are more True project supporters screaming get the swap completed than those crying get my fx back.
If you truly cared about the project and value of itâs new direction & the value of PUNDIAI, you would be trading in PUNDIAI, those in Fx are no long supporting the project because your are not in it.
I think what you fail to realize is that the way this swap was handled is the real problemâand itâs one of the key reasons long-term investor confidence in PUNDIAI is eroding while the market cap keeps shrinking. A swap can be done the right way: working closely with exchanges, publishing a clear roadmap, and ensuring holders arenât left in limbo.
Coinbase does support token swaps, but only when the project team coordinates with them in advance and provides the proper technical and compliance details. Without that level of planning and cooperation, investors lose trust, and the swap ends up doing more harm than goodâexactly what weâre seeing here.
Ask yourself:
- What good has come from FX being delisted from a major exchange and investorsâ funds being frozen?
- Do you really think this strengthens PUNDIAI in the long run?
- Even if Coinbase were to eventually facilitate a swapâwhich is highly unlikely nowâdo you honestly believe FX investors burned by this process will suddenly become long-term PUNDIAI holders?
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stop barking about things you have no idea how they were implemented, the swap organisation started way before it started, if you cared you would of taken your fx into a self custody wallet and swapped long before now. this is not the projects first rodeo.
your asking questions which are a result of the contract hack out of the hands of anyone; like the project has done all this on purpose, you are a fudder. that is FUD the market suffer because of these attitudes.
the Key reasons are as I explained it in the message you quoted of mine, not the BS you make up.
I am the long term investor; waiting on people to get into the future and stop dragging the chain, there is no future in FX, itâs is the old on the way out, holding back on the swap will not stop that train, it will just take longer because some are slow to see the tracks.
this is the reason no other, If your not in PUNDIAI your a ball and chain holding the project back.
Any news here? What we can do with our FX? Or is there any issue ticket exists to monitor it progress?
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the project is working with the exchange to get a resolve to the situation, stay tuned here and on X or our telegram groups as soon as they know youâll know.
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