NPXSXEM is the utility token created initially on NEM blockchain and with the aim of supporting transactions on NEM XPOS gadgets.

With the launch of Open Platform, XPOS, XWallet, and XPASS card will be capable of assist tokens from a number of public chains on its single cost platform, together with XEM, the native token of NEM blockchain and BNB, the native token of Binance Chain. Different Mosaic and BEP2 tokens may even be supported straight in XPOS within the close to future.

Which means future and present XPOS, XPASS card, and XWallet will straight have NEM and Binance Chain token assist. NPXSXEM utility won’t be restricted to NEM XPOS.

For this, we’re planning emigrate NPXSXEM to Binance Chain. With the migration to Binance Chain, NPXSXEM will now have utility for XEM and different Mosaic token transactions, on Pundi X cost platform as beforehand deliberate and likewise having the ability to be used for BEP2 transactions.

What does it imply for NPXS holders?

Amongst all proceeds, corresponding to gasoline, being utilized in NEM and Binance Chain token transactions on Pundi X platform, 10% of the utilization might be NPXS. As an illustration, if $10 value of tokens is used, $1 will devour NPXS.

What’s going to NPXSXEM holders have to do?

To verify your NPXSXEM tokens is tradable on Binance DEX within the close to future, you may be required to swap NPXSXEM from Mosaic tokens to BEP2 tokens. The method is straightforward:

  1. Obtain XWallet and arrange your account
  2. Ship your NPXSXEM tokens out of your personal NEM Nano pockets tackle with the message assigned in your XWallet account

If you have already got NPXSXEM in XWallet, you don’t have to do something at this second. We are going to convert your NPXSXEM Mosaic tokens into BEP2 tokens. After July 20 2019, it is possible for you to to withdraw NPXSXEM in BEP2 to Binance DEX for buying and selling.

A element instruction might be given to swap NPXSXEM Mosaic to NPXS BEP2 earlier than July 20, 2019.

NPXSXEM Mosaic token are nonetheless tradable within the exchanges until June 30, 2020. Within the meantime, we may even conduct buyback NPXSXEM Mosaic tokens periodically from the general public exchanges and convert them into BEP2.

After June 30, 2020, we’ll delist all of the NPXSXEM Mosaic tokens from all of the exchanges.

What’s going to occur to NPXSXEM after Perform X mainnet is launched?

NPXSXEM might be swapped in 1:1 ratio to NPXSXEM-FX and rebranded to mirror its utilities.

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