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Tenx Token (pay). All About Cryptocurrency - Bitcoin Wiki

Tenx Token (pay). All About Cryptocurrency - Bitcoin Wiki

2011. Toby Hoenisch [1] , the founder of TenX studied cryptography while studying at the university, but he did not believe in success of cryptocurrencies : he thought that only narrow circle of specialists were interested in them. 2012. Toby got acquainted with a representative of the bitcoin-community from Osaka, who could not set up a bank account and therefore used a cryptocurrency. Hoenisch started trading Bitcoin. 2015. Hoenisch and Michael Sperk [2] participated in the MasterCard hackathon [3] . Subsequently they established their first OneBit start-up: the debit cards, using which you can pay with Bitcoin [4] . However, the project was not popular . 2016-2017. On the basis of OneBit, Hoenisch created the TenX project, which successfully underwent training in the PayPal Fintech-startups incubator (Singapore) and received legal support from the organization [5] . Advance sale of tokens, June 14. It was possible to raise 100,000 ETH, the minimum threshold was 125 ETH. Trading participant received a 20% bonus [6] . ICO, June 24. The goal for fund raising was achieved (the company collected 245,832 ETH, which was more than the planned 200,000 ETH) [7] . ERC20 tokens (20 kinds of different coins) were accepted, 1 ETH was exchanged for 350 PAY. In total more than 1112 deposits were registered in altcoins. More than 4,000 people were able to become investors. Total sales reached $83 million (at the ETH exchange rate at the close of trading). Tokens were also issued for "surplus" of collected funds (45,832 ETH). TenX plans to use them to "achieve greater liquidity" [8] in the ecosystem. Listing and the start of PAY trading on the Bittrex exchange, July 7 [9] The " White Paper " did not specify the maximum number of PAY tokens produced, only the number of ETH that the or Continue reading >>

Tenx (pay) Coin Review Great Crypto Platform Or Useless Coin?

Tenx (pay) Coin Review Great Crypto Platform Or Useless Coin?

TenX (PAY) Coin Review Great Crypto Platform or Useless Coin? Thanks for stopping by to read my TenX(PAY) coin review. TenX has created some buzz in the crypto space and has a very novel approach. Reason being it promises a bridge between using money in the real world and owning cryptocurrencies. So lets take a closer look and TenX shall we? Today I want to go over TenX and how its different from the other cryptocurrencies. Basically what its looking to do to provide that bridge between the crypto world and the real world. TenX is currently the worlds 56th largest cryptocurrency. It has a market cap of around $391 million dollars. It is trading at $3.74 USD on coinmarketcap . What makes TenX different from all the other cryptocurrencies? Its promising to deliver a bridge between the real worl and the crypto world. One of the questions Im frequently getting asked when Im talking about crypto. How do I conver my US dollars to crypto? And when I build up my crypto and want to convert back to US dollars how do I do it? Normally this process is fairly long and drawn out. Its a lot like opening up a bank account. You have to give out a lot of personal information. Depending on who you use and which exchange. There is usually some frustrations and fees that come along with that. The coinisnt so much different its just focusing on the conversion process. What I like with TenX you install this application on your phone. Then youre able to store Bitcoin, Dash or Etherium in your wallet. You then can purchase a physical credit card and you can use it just like a regular credit card. The cool thing about TenX is when you actually go to use your funds. You can at that time convert Bitcoin into US dollars. Or you can convert Bitcoin into Euros. So the transaction actually takes plac Continue reading >>

What Is Tenx? | Beginners Guide

What Is Tenx? | Beginners Guide

The mission of the TenX team is to make any blockchain asset spendable instantly . To do this, theyve built a wallet and card system on top of the COMIT network a routing protocol that enables payments across blockchains. The TenX wallet is available on Android, iOS, and web. This multi-currency wallet currently only supports Bitcoin but will soon include Ethereum , Dash , and all ERC20 tokens as well. Youre not able to access your wallets private keys for now, but theyre in good hands. TenX stores them in a mixture of hot (online) and cold (offline) storage solutions that are on par with industry standards. Once the wallet is integrated with the COMIT network at the end of 2017, youll have full control of your private keys. You can make transactions by using either the TenX app or a physical TenX debit card. Unlike some other crypto cards, all of your coin assets remain as crypto up until the time you actually make a transaction. Decentralized Security Smart Contracts (DSS) Using a DSS, you can set spending rules for your card and have further control of your funds. You can set purchase limits, daily spending limits, and withdrawal limits. You can also choose a portfolio of coins to use for spending. For example, you could arrange that each purchase will be split into 50% Bitcoin , 25% Ethereum , and 25% Dash. Starting in Q3 2018, TenX will be releasing developer tools for start-ups, businesses, and merchants to tie into the COMIT network. This will help TenX to expand beyond just debit cards and experiment with other asset classes like ETFs and derivatives. Making the COMIT platform available to the public will also lead to new services such as exchanges and lending programs. TenX is integrated with the COMIT (Cryptographically-secure Off-chain Multi-asset Instant Tr Continue reading >>

Litecoin (ltc) Price Spikes In Wake Of Tenx (pay) Support; Co-branded Debit Cards Coming Soon

Litecoin (ltc) Price Spikes In Wake Of Tenx (pay) Support; Co-branded Debit Cards Coming Soon

Litecoin LTC price surged recently over 15% sailing smoothly from the highlighted support area close to $113. The crypto rose above the long-term resistance at $130, but selling pressure protected LTC/USD from breaching further above $133. The bulls briefly lost momentum and the price dropped to exchange hands below $130, however currently Litecoin price is flirting with $127 but also appears to have found a short-term support at $125. The surge is happening in the wake of the news that Ethereum token TenX (PAY) has added Litecoin to its wallet app. TenX (PAY) is a platform that is powered by blockchain and empowers the users with the ability to spend their cryptocurrencies from one single wallet in real-time. The network has created a debit card system that can be used for spending across the globe. It promises to achieve the efficiency of a normal currency with zero additional fees and no prior local currency conversions. Even though TenX (PAY) added Litecoin (LTC) a few days ago, the addition appears to be supporting LTC price that had been walloping in high selling pressure. TenX (PAY) could not make the announcement after the news broke on social media platforms before the schedule. TenX (PAY) says that the reason for the quiet release is that this allowed for a slower adoption rate while we finalise live testing going forward this will be our process for new coin integrations to ensure both stability and wide availability. TenX (PAY) later said on Twitter on April 11 and noted that TenX wallet will support LTC both on iOS and Android. They were also very happy with the fact that the partnership will allow them to work with Litecoin Foundation in introducingco-branded debit card but the details of this endeavor will be released at a later date. The network is very Continue reading >>

The Four Cards Competing To Be Crypto's Top Payment Option

The Four Cards Competing To Be Crypto's Top Payment Option

Each day, more and more people are realizing the value that blockchain technology brings. However, theres still one pestering, albeit valid, argument against the mainstream adoption of cryptocurrency most stores dont accept it. As a peer-to-peer currency, crypto is the best. But, what good is a currency if you cant spend it anywhere? Thats where crypto cards come into play. With these cards, you hold your favorite coins and can spend them at any merchant, even if they dont accept cryptocurrency. The technology behind the cards makes the conversion to fiat at the time of sale. Although each card uses a different approach to provide this, the result is the same: You spend crypto. The store receives fiat. Everyones happy. In this article, were going to break down the top projects working to get cards in your hands and spendable crypto in your pockets. TenX leads the pack as the crypto card with the largest market cap as well as the first one to bring a product to market. The card is built on the COMIT network , an in-house created routing protocol that connects different blockchains. The physical card costs $15 to order while the virtual card (not available yet) costs $1.50 to activate. After that, theres a $10 annual fee for each type of card, but this is waived if you spend over $1000 during the year. Additionally, theres a $2.50 fee for each ATM transaction you perform. TenX doesnt charge any conversion rates when you use the card. According to the TenX whitepaper, you receive a 1% reward on each purchase in the form of PAY tokens. Additionally, as a PAY token holder, youll receive a portion of 0.5% of the entire networks transaction volume. Although this is based on all currencies on the network, youll receive your reward in Ethereum . The above is the current reward Continue reading >>

Tenx Convert & Spend Virtual Currencies. Anytime. Anywhere.

Tenx Convert & Spend Virtual Currencies. Anytime. Anywhere.

Convert and spend your virtual currencies in real life The TenX wallet and card* have been tested by well-known figures in the industry with payments in 50 countries across the world. Available now on iOS, Android, and the web. What you see is exactly what you get. No complicated fees. Use blockchain assets with the same convenience like your local currency. The minimum fee lets you convert and spend your assets with your mind at ease whether locally or when you are abroad. TenX has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency actually spending the currency. TenX supports blockchain assets across multiple blockchains. We currently support Bitcoin. Ethereum, Ethereum ERC20 Tokens (DGX, REP, TRUST, ANT, etc.), and DASH are in closed beta testing. Continue reading >>

Four Triggers Could Cause A Huge Cryptocurrency Crash

Four Triggers Could Cause A Huge Cryptocurrency Crash

Four triggers could cause a huge cryptocurrency crash If cryptocurrencies are, in fact, in a bubble, then what could make it burst? Julian Hosp, the co-founder and president of TenX, explores some possible answers. TenX, which itself held one of the largest initial coin offerings ever, provides debit cards that people can use to spend their cryptocurrency holdings so Hosp has been working to determine the risks to the space. He has identified four factors that could potentially lead to a significant drop in cryptocurrency values. If it's true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull market. As of Monday, the entire cryptocurrency market stands at approximately $563 billion, according to industry site CoinMarketCap, which represents a more than 3,400 percent increase from the beginning of 2017. With some cryptocurrencies soaring several thousand percent, Google search results for the space coming in at all-time highs and lots of people hoping for overnight riches in nascent markets, it begs the question: Just how far can this growth be sustained and are we in a crypto currency bubble? I'm not going to argue whether or not the space is dangerously overinflated, but I am in the business of considering worst-case scenarios. My company, TenX, provides debit cards that people can use to spend their cryptocurrencies, so I want to always be prepared for whatever the future may bring. So here's the question I'm asking: If it is a bubble, then what could make it burst? Knowing that one person alone is hardly ever smart enough to weigh all the variables, I have set out over the past few weeks to talk to some of the brightest and most Continue reading >>

Tenx | Crunchbase

Tenx | Crunchbase

Terms of Service | Privacy Policy | 2018 Crunchbase Inc. All Rights Reserved. Total funding amount raised across all Funding Rounds Algorithmic rank assigned to the top 100,000 most active Companies Descriptive keyword for an Organization (e.g. SaaS, Android, Cloud Computing, Medical Device) Operating Status of Organization e.g. Active, Closed This field describes an organization's most recent funding status (e.g. Early Stage Venture, Late Stage Venture, M&A) Last Funding Round type (e.g. Series A, Seed, Private Equity) Whether an Organization is for profit or non-profit General contact email for the organization Editing a Crunchbase profile requires a Crunchbase user account and social authentication. Please log in or register. Customizing your profile layout requires a Crunchbase user account. Please log in or register. Announced Date: Date that the Funding Round was publicly announced Transaction Name: Auto-generated name of transaction (e.g. Angel - Uber) Number of Investors: Total number of Investors in a Funding Round Money Raised: Amount of money raised in Funding Round Lead Investors: Name of the investor who led the investment in the funding round Total number of investment firms and individual investors Investor Name: Name of the investor who participated in the Investment Lead Investor: This field indicates whether an investor led/organized the investment Funding Round: Name of the funding round where the Investment is made Partners: Name of the individual who led a funding round for his/her firm Total number of current team members an organization has on Crunchbase Total number of current board members and advisors an organization has Total number of events an Organization appeared in Continue reading >>

Tenx (pay) Review - Crypto Coin Judge

Tenx (pay) Review - Crypto Coin Judge

The TenX altcoin, has all the potential to become a successful coin against Bitcoin. Recently it got itself a smartphone compatible App and now, its users are finding it more usable and a worthy choice. Ever since TenX was launched, it has grabbed a lot of attention and made good progress in the crypto coin markets. This is a payment company, providing mobile wallet and services as well as debit cards powered by cryptocurrency to the world. Over the years, it has partnered with MasterCard and Visa the worlds major debit card and credit card companies. TenX wallets are currently used in close to 200 countries with over 36 million places of receipt. The company originated and is headquartered in Singapore, with stout support from within the industry. The company won first-place at the DBS blockchain hackathon under the label OmniChain, followed by a successful graduation from PayPals debut program. Having a market cap of total $483,308,137 USD as of 5th January, 2018, it is predicted to go even higher by the first quarter. This company trades with the cryptocoin named PAY. For the financial folks, who know a little about the company, this is a platform powered by cryptocurrency and which provides smart wallets , ATM access, and debit cards to cryptocoin holders. Until recently Cryptocoin Apps were only available in the market and only allowed you to exchange Bitcoins. Not long ago, there was a significant change. With the launch of TenX, cryptocoin holders are now allowed do business with altcoins including DASH, ETH etc. It is a fully-fledged smartphone App, presently accessible only through Androids Google Play Store and anticipated to be launched on iOS too, such as Apple Store. TenX: Innovations that are solving many problems When people usually think of TenX, they p Continue reading >>

[ Tenx Update] Tenx's Roadmap For 2018 Unveiled! | Ikiguide

[ Tenx Update] Tenx's Roadmap For 2018 Unveiled! | Ikiguide

Out of pure curiosity, I went to TenX 2018 meetup yesterday. It was a great information and networking session with a lot of developersnot to mention with yummy pizza so I wanted to blog some of my thoughts about the session. Like my Stellar Lumens in Singapore reflections post , this post is not meant to be an expert sort of postyoull probably see lots of potentially silly questions, thoughts and comments. This post IS a personal opinion. I showed up yesterday because I have heard of TenX before and did not know what the company is all aboutso I felt really curious and wanted to learn more. I do PR for companies doing ICOs in Singapore , and while I can represent, strategize and sell well, I do recognise that there are gaps in my tech knowledge. Im constantly seeking to improve and upgrade myself, and please do be patient with me! For a quick overview of TenX, watch the above video. Basically TenX is a cryptocurrency payment platform that comprises of an entire ecosystem of an online wallet, a physical debit card (which is totally cool), a bank account, full ATM access. You may think of TenX as a company that wants to introduce products that makes it easier for the masses to use their cryptocurrencies offlineanytime, anywhere. Which is totally cool lah! Imagine being able to convert your bitcoin to buy anything you want. Shitty Xfers is still not replying to my bank withdrawal queriesso I would love to have this card! So the founder Dr Julian Hosp was giving the 2018 updates yesterday at the TenX new office. Dr Julian Hosp recently wrote this book titled Cryptocurrencies Simply Explained and also this excellent article on Yahoo News . The new TenX office is really cool, really beautiful, and has this view from Level 24: So from the outside you can see this lighted log Continue reading >>

What Is Tenx? The Merkle

What Is Tenx? The Merkle

Even though cryptocurrencies are incredibly popular right now, spending Bitcoin or altcoins is still rather problematic. Very few people actually accept cryptocurrency payments, which means there is a need for intermediary solutions. TenX aims to providea way to spend virtual currencies anytime and anywhere. It is evident the world of cryptocurrency debit cards needs some major competition, even though both Visa and MasterCard are not too keen on this concept right now. It is obvious TenX wants to help the cryptocurrency industry make a big impact on a global scale. While spending such currencies remains a challengefor the time being, there has been an interest in cryptocurrency-related debit cards. Whileboth Visa and MasterCard have been shutting down such products, TenX will still let users spend cryptocurrencyusing a payment card. It supports multiple virtual currencies and makes the process of spending Bitcoin and altcoins far more convenient for all parties involved. While it is commendable to see TenX explore the cryptocurrency payment card route, the big question is how they will pull all this off. With Visa and MasterCard opposing such concepts through third-party vendors, it is evident creating such a system will not be easy. At the same time, the team has a mobile app for both Android and iOS which will make the spending of cryptocurrencies a lot easier. There is also a web app for users to enjoy. What makes TenX so appealing is the 0% conversion fees for all transactions.Nobody who spends virtual currencies through TenX willincuradditional fees, although foreign currency conversion rates may still apply in the future. With the TenX app, it is not only possible to send and receive funds, butone can also withdraw money from any ATM in the world. With real-time Continue reading >>

What Is Tenx? (pay) Hacker Noon

What Is Tenx? (pay) Hacker Noon

Cryptocurrency in your pocket, and the inter-blockchain network to put itthere. TenX bills itself as the way to use cryptocurrency to make everyday purchases. At TenX we work on making any blockchain asset spendable instantly. TenX started life as OneBit, a payment card linked to a bitcoin wallet. When Bitcoin began to give up some of its cryptocurrency market share, the OneBit team identified an opportunity in developing an exchange platform that could open their project to this broadening market. The platform they came up with is called the COMIT network . COMIT stands for Cryptographically-secure Off-chain Multi-asset Instant Transaction network. Its a mouthful. But when you boil it down, Its just a way to process transactions rapidly, and across blockchain assets. So if youve got a customer and they want to pay you in Litecoin but you want to take payment in Bitcoin, COMIT can help. Lets say you have a math equation that follows a couple of simple rules. When you put the same number into this math equation, you always get the same result. Theres no way way to reverse the equation. Meaning, just because you know the result, doesnt mean you can figure out the answer. This describes a form of cryptographic hash function . Youve probably heard of these things before. Theyre kinda a big deal. They mean that you can give me a lock, and I have no way of finding the key. I could try to guess the key but my chances of guessing correctly are so vastly remote that we can pretty much completely rule that out. There are a lot of hash functions, each having subtly different properties. There are people who spend their lives examining these functions. They are the basic building blocks of cryptography and cryptocurrencies. So, you want to take payment from your customer. The one Continue reading >>

Tenx Price Skyrockets, Up 40% As Crypto Debit Card Deliveries Begin

Tenx Price Skyrockets, Up 40% As Crypto Debit Card Deliveries Begin

TenX Price Skyrockets, Up 40% As Crypto Debit Card Deliveries Begin The ethereum based TenX (PAY) token has tripled in value during the past two days, rising from $2 to $6 after further increasing some 40% just today. Its market cap has now risen above half a billion, with trading volumes increasing to almost $150 million during the past 24 hours. Much of the trading comes from China where one of the biggest crypto-assets exchange, Yunbi, started listing PAY tokens for trading a few hours ago. While other Chinese exchanges are currently handling some $56 million in PAY trading volumes, with CNY seemingly being the only fiat trading currency for the token. The main reason for TenXs recent price rise appears to be the arrival of a new batch of TenX crypto debit cards with users reporting deliveries. The start-up says : Everyone who is on the card order wait list right now is planned to receive their card by the end of September at the latest. Probably earlier. This only applies to the waitlist up until this point in time. Future orders will of course begin rolling over that timeline. A user shared screenshot of a TenX card eth payment. The card allows you to pay with bitcoin, eth, or one of the many other digital currencies, just as you would with a fiat Visa card as TenX manages the conversion on the back-end. As we reported previously: The way the card works is fairly simple. You send eth, then TenX converts that to fiat on Kraken or Poloniex, giving the merchant dollars, all of it automated. So you can just pay with eth by taping as with any card if you are not in US. They plan to serve US later. They raised nearly $70 million in an ICO on June 24th that sold out in around ten minutes due to very high demand for PAY tokens. Those investors, which according to their we Continue reading >>

Litecoin [ltc] Added To Tenx Wallet With A Debit Card Launch Scheduled

Litecoin [ltc] Added To Tenx Wallet With A Debit Card Launch Scheduled

Litecoin [LTC] added to TenX wallet with a Debit card launch scheduled TenX wallet has come with some updates and support for LTC on the Blockfolio app for both iOS and Android. Charlie Lee, the Founder of Litecoin [LTC] tweeted regarding the announcement: TenX recently added LTC to their wallets, and we are working with them to launch a Litecoin debit card. Stay tuned for more information. LitePay who? A new partnership was announced as the team joined hands with the Litecoin Foundation to introduce a co-branded card. More details for this will be available soon according to their statement. TenX news is good news though. If there is a card and there is not a shit ton of middleman fee. I am going to use the Debit card 100% of the time. Blockfolio offers complete cryptocurrency management and the PAY token is now inherently displayed within the portfolio section of the app. This update is only reflected for new users or first-time installations. The update also brings along new tools to keep a track of cryptocurrency investments and the users are get complete details about price and market information for every single currency and their entire portfolio, all in one place. A new feature is the Team Updates option where TenX related announcements will be available in the app. This allows communication between PAY token holders/watchers directly within the Blockfolio app which has close to 100,000 people subscribed to the PAY token updates. Edward Moncada, CEO of Blockfolio quoted: Were excited to work with TenX as one of the teams participating in the Blockfolio Signal pilot. Blockfolio Signal provides industry leaders like Dr. Julian Hosp the ability to broadcast updates directly to their token base free of noise, delivering to the unique needs of our ecosystem. I pray Continue reading >>

Analysis Of Tenx Token - Crush Crypto

Analysis Of Tenx Token - Crush Crypto

Maximum market cap at ICO: US$141 million at current ETH price of $360 Bonus structure: +20% in the first 24 hours, +10% from day 2-3, +5% from day 4-7, +2.5% from day 8-14 Timeline: June 24, 2017 at 9pm Singapore time / 3pm Munich time / 9am New York time / 2pm London time to 24th of July 2017 10.59am UTC TenX is a payment company, offering debit card and mobile wallet funded by cryptocurrency. Partnering with VISA and Mastercard, TenX wallets can be used in almost 200 countries at over 36 million points of acceptance today. The credit card companies charge the merchants 2% of the transaction amount, similar to other types of credit cards. TenX generates revenue by having a revenue share agreement with its credit card partners. TenX cards are open for application on June 20, 2017 - I will be ordering one myself! Here is a video featuring Q&A about the token sale. In this video, the TenX team is introduced one by one (video is 23:34 long): The company was founded in mid-2015. The idea of TenX won the DBS Blockchain Hackathan and the TenX team was rewarded 15,000 SGD. As at May 2017, the company completed the following: Completed a $1 million seed round in March 2017 Selected to join the Paypal incubator program in Singapore Has a working product that has been live since early 2017 1,000 users in Singapore, transacted over $100,000 during the beta test in over 50 countries Here is a video showing a TenX card being used at a McDonalds (video is 0:37 long): Basically, the more transaction volume TenX processes, the more valuable PAY is. The value of this token is driven from transaction volume, not from the increased usage of the token. Token holders will receive 0.5% of the whole payment volume that is spent through the TenX debit card. The payments to the token holders Continue reading >>

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