Pundi X Successfully Pocketed $4 Million in ICO Pre-Sale Period

Pundi X is a company that provides solutions in the form of POS (Point of Sale) devices and systems cryptocurrency just finished their pre-ICO (Initial Coin Offering). Lasting almost a month, Pundi X managed to raise $4 million in funds. Next Pundi X will start the ICO from November 20 to December 20.

This success was welcomed by the Product Manager of Pundi X, Indra Winarta. He also thanked the investors for the trust and the public's response to the Pundi X project. One form of public enthusiasm is also reflected in the success of meetup events in Jakarta, Singapore, Seoul, Tokyo and the co-founder of Pundi X was also appointed as a speaker at several events titled Blockchain.

Indra values ​​the success of the Pundi X ICO pre-sale gaining success because the concept of Pundi X is attractive to investors. Pundi X is said to be the first project to use hardware (POS machines) to cryptocurrency which mostly use debit cards issued by Visa. Pundi X is also claimed to be able to be integrated with projects cryptocurrency others as distribution channels so that the potential for Pundi X to develop is wide open.

"Pundi X also has various features that can be activated/deactivated based on the regulations in force in a country, for example, regulations in Indonesia do not allow the use of cryptocurrency/other currencies as a medium of exchange (only rupiah). So we disabled the Shopping with Cryptocurrency feature and only allowed consumers to sell cryptocurrencyfirst (exchanged into rupiah) before making a purchase transaction," said Indra explained.

After the ICO pre-sale period, Pundi X will focus on the ICO which will take place in mid-November. The funds collected during the pre-sale ICO constitute 5% of the total ICO target as a whole, so in other words there is still 95% of the total target of $80 million that is trying to be met during the ICO period.

Meanwhile, when asked about future plans, Indra explained:

"In the near future, we will roll out our Pundi X POS device to several cities (Jakarta, Bali, Singapore, Seoul, and Tokyo) for our pilot testing project. After the ICO, we will distribute Pundi X POS at merchants in Jakarta and Singapore (because the people there are very enthusiastic about this project)."