Pundi AI (PUNDIAI): how it works, supply and reviews
In short
- Type
- Public proof-of-stake chain (Pundi AIFX, formerly f(x)Core) with EVM support; native coin PUNDIAI.
- Maximum supply
- 18,930,226 PUNDIAI maximum; 8,060,004 minted as of February 2025.
- Risks and caveats
- In July 2025 an exploit minted 1 million PUNDIAI and about $260k of assets was not recovered.
- Checked
- 1 November 2026
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Key facts
- Ticker
- PUNDIAI
- Official site
- pundi.ai
Key facts checked on 1 November 2026 against official sources.
What is Pundi AI
Pundi AI is a decentralised AI-data project: users contribute and label data for AI and trade datasets, with activity recorded on the Pundi AIFX Omnilayer, a proof-of-stake EVM chain formerly called f(x)Core. It was known as Function X until its FX token became PUNDIAI in February 2025.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Public proof-of-stake chain (Pundi AIFX, formerly f(x)Core) with EVM support; native coin PUNDIAI. |
| Consensus | pBFT (Tendermint) consensus with EVM compatibility. |
| Validators | The top 50 validators by stake are active; the docs plan an increase to 100. |
| Runs on | Own chain plus PUNDIAI tokens on Ethereum, BNB Chain and Base. |
| Formerly | f(x)Core upgraded to Pundi AIFX Omnilayer on 25 February 2025. |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | 18,930,226 PUNDIAI maximum; 8,060,004 minted as of February 2025. |
| Redenomination | FX was converted to PUNDIAI at 100:1 with no new minting; holders have 3 years to upgrade. |
| Initial distribution | At the PUNDIAI TGE: 65% airdrop, 20% public treasury, 15% team (3,786,055 PUNDIAI). |
| Staking rewards | Validators and delegators earn PUNDIAI block rewards and fees; misbehaving stake can be slashed. |
What PUNDIAI is used for
- PUNDIAI is the utility and governance token for the Pundi AI data platform, marketplace, AIFX chain and MM Agent.
- PUNDIAI is staked with validators to secure the Pundi AIFX chain.
- Locked PUNDIAI becomes vePUNDIAI with voting weight for up to 4 years.
Who develops and governs Pundi AI
- Foundation
- The pundi.ai site is copyrighted by Function X Foundation Limited or its affiliates.
- Governance
- On-chain governance proposals use PUNDIAI.
- Funding
- The docs say there was no venture-capital funding.
- Open source
- Chain code is published on GitHub (PundiAI organisation).
History
| Date | Event |
|---|---|
| 25 February 2025 | f(x)Core upgraded to Pundi AIFX Omnilayer and the FX token was redenominated to PUNDIAI at 100:1. |
| 12 July 2025 | An attacker exploited uninitialised proxy contracts to mint 1 million PUNDIAI; the team froze, burned or recovered more than 70% of it. |
Security and audits
- On 12 July 2025 an attacker used uninitialised ERC1967Proxy contracts to mint 1 million PUNDIAI. Pundi AI says it recovered or locked more than 70% of the minted tokens and about $275k of assets; about $260k was lost.
- Pundi AI froze attacker funds on its chain, closed its bridge the same day and ran an emergency chain upgrade with validators.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 12 July 2025 | Exploit: Attackers exploited uninitialised ERC1967Proxy contracts (front-running deployers) to mint 100M FX and swap it into 1M PUNDIAI, then sold on Pundi AIFX and BNB Chain. Pundi AI froze attacker funds, closed its bridge and burned attacker PUNDIAI on Ethereum. Funds returned: Pundi AI says it recovered over 70% (710,193 PUNDIAI) of the minted tokens and locked or recovered about $275k of attacker assets; about $260k of assets was lost. | forum.pundi.ai |
Official PUNDIAI contracts
| Network | Contract address |
|---|---|
| Ethereum | 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef |
| BNB Chain | 0x7a986ba67227acfab86385ff33436a80e2bb4cc5 |
| Base | 0x44e2A17aD6830C440afb96a89823d09066512452 |
| Pundi AIFX (WPUNDIAI) | 0x80b5a32E4F032B2a058b4F29EC95EEfEEB87aDcd |
After the July 2025 exploit Pundi AI said it planned a new PUNDIAI contract on BNB Chain; check the current docs before use. The old FX token on Ethereum was 0x8c15Ef5b4B21951d50E53E4fbdA8298FFAD25057.
Risks and caveats
- In July 2025 an exploit minted 1 million PUNDIAI and about $260k of assets was not recovered.
- Staked PUNDIAI, including delegated stake, can be slashed if a validator double-signs or is often offline.
- Official contract addresses for Base differ between the 2025 redenomination post and the current docs.
Official links
- Website: pundi.ai
- Docs: pundi.gitbook.io/pundi
- Block explorer: pundiscan.io
- Source code: github.com/PundiAI
- Blog: medium.com/pundiai
Questions and answers
What happened to Function X (FX)?
Function X became Pundi AI: on 25 February 2025 f(x)Core upgraded to Pundi AIFX Omnilayer and FX was redenominated to PUNDIAI at 100:1.
What is Pundi AI?
A decentralised AI-data project whose data platform lets users contribute, label and exchange AI data, recorded on the Pundi AIFX chain.
What is the maximum supply of PUNDIAI?
The token overview gives a maximum of 18,930,226 PUNDIAI, with 8,060,004 minted as of February 2025.
Was Pundi AI hacked?
Yes. On 12 July 2025 an attacker minted 1 million PUNDIAI through uninitialised proxy contracts; Pundi AI says it recovered over 70% and about $260k was lost.
Sources
- Pundi AI — Home
- Pundi AI Docs — Overview
- Pundi AI Docs — Data Platform
- Pundi AI Docs — Pundi AIFX Omnilayer
- Pundi AI Docs — Pundi AIFX
- Pundi AI Docs — Validator Overview
- Pundi AI Docs — PUNDIAI Token Overview
- Pundi AI Docs — vePUNDIAI
- Pundi AI Docs — Governance
- Pundi AI Docs — f(x)Core cross-chain tokens
- Pundi AI on Medium — FX redenomination to PUNDIAI
- Pundi AI Forum — FX-PUNDIAI swap bug and response (post-mortem)
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