Convert Pundi X PURSE PURSE to Resupply USD REUSD

$PURSE, the Pundi X reward token, is now available on both BEP20 and Pundi X Chain. The purpose of the token is to incentivize XPOS usage, expand Pundi X Chain’s ecosystem and increase $PUNDIX value through rewards, gamification (lucky draw / lottery), discount vouchers and redemption for NFTs and other tokens. $PURSE can be sent between Pundi X Chain and Binance Smart Chain. There’s no pre-minted tokens or allocation in any form for the team. All initial supply goes to $PUNDIX holders and for absorbing $NPXSXEM tokens, thus sunsetting our support for $NPXSXEM.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.