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.
Contact
Marjore
Barros
marjore@energentmedia.net
