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Delegating $PUNDIX to get $PURSE in Pundi X Chain

Function X
  • Updated
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:
  • Transfer $PUNDIX from Ethereum Blockchain to Pundi X Chain
  • Delegate $PUNDIX to a validator in Pundi X Chain
 

Transfer $PUNDIX from Ethereum Blockchain to Pundi X Chain

CAUTION
  • Please do NOT send the $PUNDIX token directly to the Validator address. This will result in the loss of your crypto assets.
  • 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.
  • 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”.
  1. Tap the icon in the middle of the bottom navbar to go to f(x)Ecosystem
  2. Choose f(x)Bridge and tap "Open"
  3. Tap Make Transfer To Cross Chain
  4. Tap the drop-down menu to select PUNDIX as the cross-chain token, and select Pundi X Chain as the To chain
  1. Input the amount of $PUNDIX you'd like to bridge
  2. Check the gas fee, and tap "Send" to proceed
  3. 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

  1. Tap the icon in the middle of the bottom navbar to go to f(x)Ecosystem
  2. Choose PUNDIX Delegate
  3. Tap "Delegate"
  4. 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?
  1. On the Validator Overview page, tap "Delegate"
  2. Select the address you'd like to use for delegation, and input the amount to delegate
  3. Complete the delegation transaction
 

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