Published On: Sun, Oct 29th, 2017

Blockchain Retail Startup Pundi X Raises over USD 4 Million to Successfully Complete Pre-sale ICO

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JAKARTA, Indonesia – October 28, 2017 – Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, has successfully closed its pre-sale ICO with a total of 3,148 ETH, 613 BTC and 250,040 XEM – equivalent to 14,000 ETH or 4 million US Dollars – raised from 615 investors. The full public Initial Coin Offering (ICO) will commence on November 20, 2017.
[Note: This is a press release.]

The pre-ICO cap for the Pundi X ICO is 5% or 14,000 ETH from a total ICO hard cap of 280,000 ETH. ETH is exchangeable with PXS Tokens at a rate of 1 ETH: 500 PXS. Renowned angel investors in the pre-sale ICO include David Lee Kuo Chuen and Lon Wong. Chuen serves as a Professor of Quantitative Finance and is an investor of ZCash, Qtum, TenX, InfoCorp, and OmiseGo; Wong is the President of Foundation and CEO of Dragonfly Fintech. Nem currently ranks 7th in the Coinmarketcap.
Zac Cheah, CEO of Pundi X, said:
We are truly grateful to achieve our presale target thanks to the commitment of hundreds of enthusiastic retail investors. Such huge community support gives the team a great deal of pride ahead of the full public ICO, which we …

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