$FX Will Redenominate to $PUNDIAI with 100:1 Token Supply Reduction Starting Week of February 10
Singapore, Singapore, January 14th, 2025, Chainwire
Pundi AI is excited to announce the redenomination and rebranding of the $FX token to $PUNDIAI, set to take place during the week of February 10, 2025. This upgrade will include a 100:1 token supply reduction, offering a streamlined and optimized token structure for the future.
Key Details for $FX Token Holders
All current $FX token holders are advised to review the upgrade procedures to ensure a smooth transition. The process varies depending on the platform where the tokens are held:
Onchain:
$FX on Pundi AIFX Omnilayer, formerly known as f(x)Core
- All $FX tokens, staked or unstaked, will be automatically upgraded to $PUNDIAI. No action is required from holders. Staked tokens will continue to generate rewards after the transition.
$FX on Base & Ethereum
- A manual upgrade will be required. Token holders will need to visit the designated page (to be announced) to complete the upgrade or alternatively bridge their tokens back to the Pundi AIFX Omnilayer for an automatic upgrade.
Exchanges:
$FX held on participating centralized exchanges
- For $FX held on participating exchanges, the upgrade will occur automatically. Specific exchange participation details will be confirmed in a future announcement.
Support Resources
Pundi AI will provide multiple resources to assist with the transition, including:
- Video Tutorial: A step-by-step guide will be released once the token swap process is ready.
- Roadmap & Tokenomics: Users can learn more about $PUNDIAI’s vision and structure by reviewing the official roadmap and tokenomics documents.
Token holders are encouraged to rely on official announcements for the latest updates regarding the upgrade process.
Frequently Asked Questions
How long do users have to upgrade my $FX tokens?
Token holders will have a 3-year window to complete the upgrade process.
Will the new tokens be locked?
No, $PUNDIAI tokens will not be subject to any lock-up period.
Will there be newly minted tokens or dilution?
No, additional tokens will be minted, and there will be no dilution.
What is the expected new supply?
The new supply will reflect the 100:1 reduction in token quantity.
What should I do if the exchange does not support the upgrade?
In the unlikely event that an exchange does not participate, users can withdraw their $FX tokens to a wallet and proceed with the on-chain upgrade process.
Will there be staking opportunities for $PUNDIAI?
Yes, users can stake $PUNDIAI tokens on platforms like MarginX and Baklava Space to earn rewards.
About PUNDI AI
Pundi AI is a decentralized platform aiming to democratize the AI data ecosystem. Its suite of products include the Pundi AI Data Platform, a data annotation platform, a data marketplace, Pundi AIFX Omnilayer, a layer 1 network, and Purse+, a social browser plugin. The Pundi AI infrastructure ensures that AI development remains transparent and resistant to monopolistic control, allowing broader participation and innovation across the industry.