As many have stated, crypto's mass adoption will get through different stages. The first large-scale milestone describes a stage in which under-developed or developing economies will be the first to actively use digital cryptocurrencies as their primary medium of exchange.

That's because people in developed economies transact with fiat currencies that are widely trusted. Besides that, the more massive the capital holdings (in fiat currency) are, the more resistant to change they are. In a world economy functioning on the basis of trust in fiat currencies since the 70's (50 years now), one can expect that huge asset holders will self-impose barriers, when it comes to adopting a new value-exchange system.

I will go ahead and say that the developing (and not the under-developed ones) economies will be the first to make the "jump" to cryptocurrency's mass adoption. In my opinion that's because of the following reasons:

  1. Centralized currency governance is semi-trusted
  2. There is some capital to move around
  3. They have somewhat of a technological sophistication (no need to set up brand new infrastructure)
  4. They have market subsets that are rather primitive (like barter-based markets).

Below, I will try to roughly analyse the tokenomics of Pundi X, a project that attempts to tackle the blockchain-based payments issue.

What is Pundi X

The Indonesia-based company's mission is to build an ecosystem that facilitates blockchain-based payments, with the use of software and hardware products, in physical retail stores. They offer an all-in-one solution for retailers, that want to migrate their businesses in allowing for blockchain transactions.

Whitepaper

transaction

Price history

Reaching an ATH price shortly after their ICO in early 2018, the value of the NPXS token normalized in value after a few months (following the whole crypto market decline after the 17' bubble burst). They are nowhere near the token price they reached in 18'. Nonetheless, they stayed in business for 3 full years and got to hit the current bull-market.

Token supply and distribution

  • Private Sale tokens unlocked 31 Oct 2017 (20,000,000,000 NPXS).
  • Public Sale tokens all unlocked by 31 Jan 2018 (36,151,038,894 NPXS).
  • Token bonuses allocated to early investors all unlocked 31 Dec 2017 (13,431,454,894 NPXS).
  • Company tokens unlocked 31 Jan 2018 (28,075,519,001 NPXS).
  • Monthly token release tokens began unlocking on 31 Jan 2018 and will continue to be released on a monthly basis until 31 Dec 2020 (196,485,361,335 NPXS total will be distributed monthly over 3 years).
Token distribution

70% token release, 13% private sale, 7% public sale, 10% team

Pros vs. Cons (for mid-term investing)

Pros
  1. In 3 years they managed to set up their service in 30+ countries (incl. some developing countries in the SA and the SEA).
  2. They just launched the XPOS Net in Brazil (highly dynamic market, unstable government) in December 2020.
  3. Paypal will launch crypto payments in the first-half of 2021, which may mean a community focus shift to the blockchain payment systems.
  4. They plan to launch Africa XPOS Networks in the upcoming June.
  5. They have nearly all of their tokens in circulation (no volatility bumps due to release schedule).
  6. They have some big milestones in the coming months.
  7. NXPS can be traded in both Ethereum (ERC-20) and Binance (BEP-20) chains.
  8. Team and private investors hold a small percentage of the total tokens.
  9. NPXS has a rather small market cap (about 800mil), at the time of writing. Potential for big gains.
Cons
  1. A wallet holds about 20% of all the NPXS tokens (see here). The % is not extremely high but could trigger major decline if it dumps the amount suddenly.
  2. Their project isn't open source.
  3. They are not very active when it comes to community updates.
  4. Could be totally overthrown by Paypal crypto-payments' system.
  5. Their success depends on market adoption, rather than tech innovation.
  6. They don't disclose how many XPOS devices have been shipped worldwide. The last update I found, mentioned a shipment of 5000 devices in 2018.