Pundi X Merger Proposal Gains Traction: Pre-Proposal Vote Overwhelmingly Positive

IconCryptoNewsTerminal Staff09 Jul, 2024

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Pundi X Merger Proposal Gains Traction: Pre-Proposal Vote Overwhelmingly Positive

Pundi X founder Zac Cheah announced the initiation of a non-binding "temperature check" vote through X. The proposal suggests merging Pundi X (PUNDIX) and Function X (FX) under the rebranding name PundiFX. The vote is intended to gauge community sentiment before submitting a formal proposal. So far, the proposal has received an overwhelmingly positive response, with 97% of votes cast in favor. This indicates strong support among the community for a potential merger. The proposed merger aims to combine the strengths of both platforms and create a more robust ecosystem for blockchain-based solutions. Pundi X is known for its point-of-sale devices and blockchain payments, while Function X is a blockchain platform focused on speed and scalability. By merging, the combined entity could offer a comprehensive suite of blockchain products and services. The pre-proposal vote is just the first step in the potential merger process. If the community continues to support the proposal, Cheah will submit a formal proposal for consideration. The final decision on the merger will be made by the Pundi X and Function X communities through a binding vote.

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