Project Timelines ?

Questions
1

Hi Team,

I know there is a lot of development in the pipeline and team is working on great stuff. And stuff is delayed due to circumstances, which is normal with innovation.

But team should make an effort to provide revised timelines. Not giving updates gives abandonment vibes (I know this is not the case) and is not good for investors.

DeXPOS launch? AIFX or PundiAI token launch? Pundi AI data main net launch? MarginX main net launch ? This is all in the works, and past planned dates. But no revised timelines ?

@zaccheah @DavidK @Peko @Danny @indra

2 Likes
2

Hi Cop4200,

Great that you follow up closely with the initiatives in the pipeline. Agree with what you have mentioned. A revised timeline will be needed and communicated asap.

I’ll answer the ones from the Pundi branded services here.

DeXPOS and white-label enterprise solution: Actually the developers are prioritizing their time to help our existing enterprise customers migrate to white-labeled, self-custody XPOS solution. Once it is completed, the team will be able to develop, test and launch DeXPOS for individual merchants. I’m looking into Q1 2025 for delivering “DeXPOS” to the individual merchants. The team always gives all Pundi X product outlook in the quarterly report if there’re changes.

Pundi AI Data Platform: Exclusive access to the alpha Testnet will be open this week. Again, stay tuned for the official announcements through Pundi AI official accounts.

FX/AIFX/Pundi AI token swap: New token name and timeline will be finalized soon as the team is gathering feedbacks from all relevant stakeholders. Do stay tuned for the official announcements through Pundi AI official accounts.

For Margin X, I’ll leave it for Margin X team to answer.

In sum, we will make sure all the finalized timelines to be announced through the official comma channels, such as x.com, Telegram, Linked in and more. When you see the announcements are out, do give a shoutout and spread the words :muscle:t3:

5 Likes
3

Thank you for the updates. The white label enterprise solution still runs on the pundix chain and commissions are paid in pundix token ?

1 Like
4

No problem! For the white-label enterprise solution, the choice of the chains that the clients will adopt depends on their choice and the commission will be generated in the currency they set that can be complied with the local regulation.

5

Thank you for your interest in MarginX!

Update on the MarginX Mainnet Launch

We’ve decided to put the launch of the MarginX v2 mainnet on hold for now. Previously, MarginX testnet and mainnet were launched to facilitate perpetuals trading. However, given the challenging market conditions and the crowded landscape of perpetual DEX platforms, we opted to pivot our strategy. This allows us to avoid competing in an overheated market, reduce operational costs (as MarginX is not VC-funded), and maintain flexibility for future opportunities.

The MarginX chain (FXCore) officially ceased operations on January 19, 2024. For more details, you can view the transaction logs.

https://pundiscan.io/dex/txs?chainId=MarginX-BTC


Current Direction: Supporting the Pundi AI (Pundi AIFX or whatever the name is) Ecosystem

MarginX has not issued any tokens thus far (although a token launch similar to HyperLiquid might be considered in the future). Without the constraints of token holder obligations, we are taking an experimental and organic approach to building value. This allows us to focus entirely on contributing to the growth of the Pundi AI (Function X) ecosystem rather than adhering to timelines driven by external pressures.

Here are some of our recent contributions to the ecosystem:

  1. MarginX Expands Horizons: Introducing Spot Trading to Empower Our Community (March 25, 2024)

  2. Announcing the MarginX Token Factory: Create Your Own Tokens (September 10, 2024)

These initiatives demonstrate our commitment to fostering growth and innovation within the ecosystem.


Commitment Beyond MarginX

Personally, I’ve been invited to take on an advisory role at Pundi AI on a pro-bono basis, in building and expanding the Pundi AI ecosystem. Additionally, some of our developers are actively supporting Pundi AI in the background by contributing to product development.

For MarginX to flourish as a decentralized exchange (DEX) within the Pundi AI (Function X) ecosystem, the ecosystem itself must thrive first. That’s why we are dedicating our resources and efforts to growing the ecosystem as a whole, rather than shifting our focus to other protocols at this time.

We remain committed to this journey and look forward to working together to achieve these goals. Onwards! :rocket:

3 Likes