20190121-Fx Conversion (2)


Fx Conversion:


Correction:   Wendy:  I am still researching but a few days ago I said:
1.       現在的conversion 是early conversion.  等到Fx Mainnet launched 之後，所有沒有在early conversion 的NPXS/NPXSEM也會被converted to 1:1 的Fx.

This is incorrect.   First, it’s not early conversion.  It is the conversion from NPXS/NPXSEM to Fx and will last for 3 months.   If you do nothing, upon Fx Mainnet launch, all the remaining NPXS/NPXSEM will be converted to NPXS-fx or NPXSEM-fx and NOTfx.  The NPXS-fx and NPXSEM-fx will be used as payment coins in the Fx network.

So there are basically 3 options:

1.      You are a huge POS project supporter and don't care much about the rest. In this case you keep your NPXS that will be converted to NPXSfx 1:1 ratio and you can get extra fx via staking NPXS for a year+5%bonus of fx coin.

2.      You don't care or think NPXS will be worthless and want convert all of it to fx mainnet coin. Just do it on the set date and forget about NPXS.

3.      You believe in POS project and fxnet at the same time, but you want to get more fx coin not just via staking NPXS+5%bonus.   You can convert your desired amount of NPXS into fx coin.


Wendy:   This guy has some valid points as below:

[The whole crypto world is complex. But from my understanding is that because sales are coming for the XPOS. Slowly but surely. They eventually will reach a point in transaction speed TPS that Ethereum blockchain won’t be able to handle. Their goal is to either rival payment systems like VISA, MasterCard and so on who do (I believe and correct me if I’m wrong) 100000 TPS. They want to rival if not overtake that. But scalability cannot happen on Ethereum so they need to create their own blockchain to increase TPS. They cannot rival VISA, Verifone, MasterCard by taking their market share. But delving into untouched markets like the billions of Asians who don’t even have access to a bank or bank account as well as others around the world. It’s a huge untouched market, that even Richard Branson and Elon Musk are trying to tap but for the internet.


It is why a blockchain created for the XPOS as well as other projects is need as well as another coin. Both coins will complement each other and is why I’ve invest in this company. I’m just not happy how they are treating long term holders who paid into this at the beginning. They should be rewarded for their patience. This tokenomics scheme doesn’t differentiate between long term holders and some who buys NPXS tomorrow. There are a lot of misleading headlines which is not right. People got the feeling they were getting 15% but instead we are only sharing 15% of the 65% of tokens allocated to investors. Someone who holds 5 million NPXS will only get 1216 f(x) for holding for an entire year in the XWallet stake, which is not a proven wallet and we don’t get to hold the keys.


All in all this is a very long term hold for me. I don’t expect to see great returns until at least five years from. Will watch closely though. They have been making poor choices that has me nervous. 』

~ Blockben

https://www.reddit.com/r/PundiX/comments/ah5km9/fx_token_allocation_to_npxs_and_npxsxem_holders/

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