As for reminder, pundix is NXPS/1000. We did a reverse split because price was so low, it became an issue for exchange listings and DeFi space. Now we are considering going back to that ?
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@zaccheah thank you for acknowledging my suggestion. I know itās not perfect and has many flaws, but it can be refined. The intention is to streamline operations and reduce marketing workload for the team. So the team can focus more on the development side!
Thank you!
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If that where to happen I would be out - I donāt believe it would be better as the work as you call it for most part is done, to combine it would cause a total rebuild of the infrastructure of the work already finished, and as ZAC said it could also result in a de-listing of the coins, the PUNDIX is far to well established to even entertain that idea, Once again though this is about combining Chains & Brand, Not an amalgamation of coin, your idea would cause a collapse of everything already established in my personal view. the change you propose is not logical to whatās already been achieved. this is not an upgrade of a failed project - Itās an upgrade of a well know Brand to empower and enhance it further!
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Just do a temperature check with your team, how would they feel if there was only
1 twitter handle
1 telegram channel
1 logo
1 brand
1 token listings on exchanges to manage
1 token price to monitor
1 TVL to manage
1 token to market to general public
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Yea, collapse of two well established brands with an active community size of less than 1000 members. Which struggle to find 50 well reputed public validators. Combined market cap of 165 million. Which have done tons of development & good features, only to find themselves loosing in market cap ranks.
Get off the high horse, and hug the reality.
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i only reply to help you see the light of the consequence of your thoughts, there is nothing if you collapse it, itās not 2 well established Brands thatās why they want to leverage the PUNDIX Brand, why do you have to be on the high horse to push it a direction not proposed, Iām not on a high horse trying to make sure people understand what the chosen direction is, your just confusing it.
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Fx was a L1 cosmos chain with EVM and cross chain functionality.
pundix was suppose to be a L2 on FX dedicated for payments.
Now there is only PundiX. Why do you need FX? And purse was created because PundiX didnāt have a reward mechanism built into Pundixās deflationary model. Now you will have CSP pool for that function.
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again the infrastructure of their coin jobs is already in place, why rebuild it, they have set work, they will be on the EVM chain in this change
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I am trying to highlight the fundamental root cause of slow progress of these projects: scope creep!
If FX was never created, and FX chain was developed under PundiX umbrella , we would have been very far ahead.
Fix the root cause (scope creep), otherwise you are going to be dealing with the same issues again!
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Building tokens (development of infrastructure) is not the hard part, MARKETING them is! And the hard part is still in progress.
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so you know iām well known to the team and Iāve consulted with them over this before now, so before you get real nasty, how about you let this be on topic, we get your point, the team and I would really like to hear from others, I get you iām not stupid, donāt be nasty, talk to me in private if you got more you want to air with me.
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@LKYBOB i am a nobody. But if you lookup at any successful entrepreneurs, they all emphasize on one thing and one thing only for success: focus on your niche.
Focusing on many things initially will not bring you to the top! Once at the top, then expand.
Peace out!
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āNote this pointā
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I fully agree with the idea of rebranding.
However, it seems to me particularly important, in this approach, to anticipate the impact this would have on the 2 projects, to specify the responsibilities of each individual in the new brand and the 2 projects, which remain distinct from a tokenomics point of view, and finally to envisage a real marketing strategy with areas of work.
In previous attempts, weāve seen many users leave because they didnāt see a long-term strategic vision. So itās on this long-term strategic vision, in addition to rebranding, that we need to work, developing different areas of work and development, and becoming the driving force behind the future of Web3, rather than just following it.
In this respect, I think that PundiX and FunctionX, i.e. PundiFX, should make a major effort in the field of investment in Real World Assets (RWA), by also guaranteeing KYC, in favor of supporting companiesā fund-raising (and their tokens).
Regards
@FrenchXCore
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I personally agree on the marketing part.
Branding the product under the Pundi ecosystem will greatly advance our efforts, as @CosmosHOSS pointed out.
Pundi has established a strong brand identity, which continuously opens doors for new partnerships. Its reputation in the crypto retail payment industry, built since 2017, is well-known and respected.
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There is a lot to consider Iām sure, and yes exchanges may delist yet a company with the branding of Pundix should be able to convince most of the exchanges or overcome those who delist.
Eventually, having a good tokenomics, technology and usability is what really matters. Of course a very supportive community as well.
Currently, three tokens are not performing as it should. Combining all usages and traffic with a high burning rate will do the job.
I actually like tron / trx tokenomics, one can learn a lot from them, burning between 5 to 10 millions per day.
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From Zacās earlier statement
I agree for the rebrand.
I am not sure what it takes combine all three in to one but I am also in favour of itā¦ that might give a fresh breath and the push we needed.
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I am on the same camp with @LKYBOB on this. Each token has itās tokenomics and usecase that it makes little sense to combine both, and even if we wanted, exchanges will likely frown on this. Nonetheless appreciate @cop4200 for putting this out for discussing - really.
Yes, we have something up our sleeves 
rebrand is just a first of many steps.
To reiterate
- We are combining two chains to one called Pundi-FX chain (main chain f(x)Core and L2 PundiXChain)
- We are NOT combining tokens: $PUNDIX, and $FX will remain separate after rebrand
- The tokenomics will remain largely the same (see first post), and NO dilution is happening.
- VERY IMPORTANT, build a stronger use case and vision, more updates soon!
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@zaccheah ,
Will the XPOS use this chain as well, exclusively ?
Thx