Pundi X uses Chainlink to protect the reward distribution of its encrypted payment platform»CryptoNinjas
Pundi X, one Blockchain-based point-of-sale payment solution And the DeFi platform developer announced today that it has successfully integrated Chainlink Price Feeds, a decentralized oracle network that can access real-time asset prices on the chain through smart contracts.
Pundi X is live streaming today, using and supporting the newly launched Chaind Price Feeds for PUNDIX / USD; accurately distribute platform rewards denominated in local PUNDIX tokens.
Use Chainlink to protect the Pundi X ecosystem
Pundi X flagship product XPOS, Is a point-of-sale solution that allows customers to use their physical XPASS cards to conduct transactions with cryptocurrencies. The company’s mobile wallet XWallet supports 2FA and biometric security locks. So users can store their cryptocurrency safely.
Since holders of PUNDIX and FX have received equity rewards for participating in the upcoming blockchain governance; it is important for the platform to have reliable price reference data on the chain to accurately and transparently calculate its value.
“The Chainlink network greatly enhances the functionality of our agreement by connecting our system to high-quality price reference data that is unparalleled in market coverage, reliability and security. Our users can now trade on our platform, Knowing that they will be rewarded with fair value for participating.”
– Zund Cheah, CEO and co-founder of Pundi X