**First News, Blockchain Whispers Exclusive!** 17M USD private placement is concluded for NEM XPOS With Pundi X (NPXS)

**First News, Blockchain Whispers Exclusive!** 17M USD private placement is concluded for NEM XPOS With Pundi X (NPXS)

Today an announcement will be made by the official Pundi X team.

They successfully concluded a partnership with NEM (XEM), worth $17,000,000 to produce at least 20,000 NEM XPOS over a three year period.

Part of the funds will be used for general XPOS R&D which will also benefit the development of the NEM XPOS, R&D includes side chain implementation, XPOS management systems and other refinements of the system.

What does it mean for NPXSXEM holders?
The NEM XPOS will be priced extremely competitively, possibly for free, using the funding.
NPXSXEM holders will be able to benefit from the increased utility of NPXSXEM as a token in all transactions, including the burning of NPXSXEM.
We anticipate NPXSXEM tokens will be listed in May in exchanges.

What does it mean for NPXS holders?
Among all proceeds, such as gas, being used by NEMXPOS transactions, 10% of the the usage will be NPXS. For instance, if $10 (USD) worth of tokens is used, $1 (USD) will involve NPXS.
XPOS will continue to be our main focus: The NEM XPOS is a special project. We will only partner with another blockchain if it ultimately benefits both the development of the XPOS and NPXS token holders.


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