Pundi X Chain is a dedicated payment-focused blockchain in the Function X network. It is specially designed to perform high throughput transactions with low latency and low transaction fees.
While $PUNDIX is the primary token to govern the Pundi X Chain, $PURSE is the secondary token to be utilized as Pundi X’s loyalty and reward token.
$PUNDIX holder can choose to be a delegator and receive $PURSE as the block reward. The delegation of $PUNDIX is neither staking nor depositing. It is the act of securing the blockchain network through participating in the block validation. By delegating your $PUNDIX, you will be able to receive $PURSE as your delegation reward as well as receive $PUNDIX tokens from a percentage of the network transaction fees. Other than the initial supply of $PURSE tokens, the only way to generate new $PURSE tokens is through block validation in the Pundi X Chain.
This article provides a step-by-step guide on delegating $PUNDIX to get $PURSE in Pundi X Chain, covering the following content:
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Transfer $PUNDIX from Ethereum Blockchain to Pundi X Chain
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Delegate $PUNDIX to a validator in Pundi X Chain
Transfer $PUNDIX from Ethereum Blockchain to Pundi X Chain
CAUTION
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Please do NOT send the $PUNDIX token directly to the Validator address. This will result in the loss of your crypto assets.
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To stabilize the market, after you submit an “un-delegate” request, there is a 21-day period before the un-delegated $PUNDIX is returned to your address. A gas fee is required to perform this un-delegate transaction.
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Please do NOT delegate all of your $PUNDIX. You need to keep some of $PUNDIX as the Gas Fee for the transactions, such as “Delegate”, “Undelegate” or “Receive block rewards”.
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Tap the icon in the middle of the bottom navbar to go to f(x)Ecosystem
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Choose f(x)Bridge and tap "Open"
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Tap Make Transfer To Cross Chain
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Tap the drop-down menu to select PUNDIX as the cross-chain token, and select Pundi X Chain as the To chain
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Input the amount of $PUNDIX you'd like to bridge
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Check the gas fee, and tap "Send" to proceed
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Tap "Confirm" to complete this cross-chain transfer
*Why can't I find $PUNDIX in my wallet?
If you cannot find $PUNDIX in your f(x)Wallet, it means that you haven't added it to the list of your Ethereum assets yet. To add, go to the wallet page and click "+'', enter "PUNDIX '' in the search coin or token field, and choose “$PUNDIX” to add.
Delegate $PUNDIX to a validator in Pundi X Chain
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Tap the icon in the middle of the bottom navbar to go to f(x)Ecosystem
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Choose PUNDIX Delegate
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Tap "Delegate"
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Choose a Validator you'd like to delegate to
Choosing a reliable validator is crucial because the reward (or penalty if a validator misbehaves) of your $PUNDIX delegation will be tied with this validator. For more, read How to choose a validator to delegate?
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On the Validator Overview page, tap "Delegate"
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Select the address you'd like to use for delegation, and input the amount to delegate
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Complete the delegation transaction
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