Pundi AI Rebrands $FX to $PUNDIAI with Token Supply Reduction
Singapore, Singapore, February 25th, 2025, Chainwire
The rebranding of the Pundi AI token has officially launched.
The token upgrade has taken effect today, 25th Feb 2025. With this move, Pundi AI has updated its ticker from $FX to $PUNDIAI.
One of the major factors in the token upgrade is the 100:1 reduction in token supply. As of Jan 2025, the maximum supply and the circulating supply are respectively around 1.89 billion and around 795 million. After the token upgrade, the maximum supply and circulating supply will respectively be reduced to around 18.9 million tokens and to around 7.95 million.
A reduction in supply makes tokens less accessible by creating scarcity, which may result in an increase in value, assuming demand remains constant or grows. This also builds market trust, as users feel more confident holding more valuable tokens that have the team’s commitment to their long-term viability.
This upgrade does not require any action from token holders with $FX tokens on centralized exchanges, as the tokens will be automatically upgraded.
The upgrade will also be automatic for those who are holding $FX on the Pundi AIFX Omnilayer, which is Pundi AI’s native network. Whether these $FX tokens are staked or unstaked, no action is required on the holders’ part.
Staked tokens will also remain eligible for rewards following the upgrade. A staking program for $PUNDIAI tokens is already live on MarginX and Baklava Space, which means users can take advantage of participation opportunities.
Holders of $FX tokens on Base or Ethereum will need to manually upgrade their tokens to $PUNDIAI. Alternatively, bridging to Pundi AIFX Omnilayer enables an automatic upgrade.
As for the deadline to make the upgrade, $FX holders have 3 years for it, though completing the process earlier helps avoid potential delays or missed deadlines.
The $PUNDIAI token rebrand and upgrade comes as Pundi AI takes the lead on the decentralized AI revolution. Pundi AI has already introduced a suite of products, including the Pundi AI Data Platform, Pundi AIFX Omnilayer, and PURSE+ browser plugin that boosts efficiency, delivers better experiences, and incentivizes user participation.
This marks the initial phase, with the team planning to launch more products soon. This includes the Pundi AI Data Marketplace, where AI developers, organizations, and researchers can purchase high-quality, curated datasets for training AI models, and Pundi Fun AI Agent Launcher, where projects can launch AI agents trained on the datasets available on the Pundi AI Data Platform.
Combined with newly enhanced token utilities and reduction in token supply amidst broad positive market sentiments, the stage is set for a potential surge in $PUNDIAI’s value and adoption, positioning Pundi AI to drive the adoption of decentralized AI.
About Pundi AI
Pundi AI democratizes artificial intelligence development through a decentralized suite of tools. Pundi AI suite of tools includes Pundi AI Data platform, Pundi AIFX omnichain layer, PURSE+ browser plugin, Pundi AI Data Marketplace, and Pundi AI MM Agent.
The Pundi AI Data platform provides professional data, labeling, and annotation services, ensuring AI data remains open and accessible to all. Users across the globe can participate in tag-and-earn of data and contribute to the advancement of AI.
Powered by the Pundi AIFX omnichain layer, activities are securely recorded on-chain and integrated with IPFS and multiple blockchains, paving the way for a decentralized data exchange. With PURSE+ browser plugin on x.com, users can actively contribute by tagging and annotating data for social AI, fostering a more participatory ecosystem.
This infrastructure ensures AI development remains transparent, unbiased, and resistant to monopolistic control, allowing broader participation and innovation across the industry. Pundi AI’s mission is to create an open AI ecosystem where data and development are accessible to everyone.
