TenX is a cryptocurrency payment platform. It aims to make cryptocurrencies spendable anytime, anywhere.
This was another hot ICO in June, raising nearly 246k Ether, worth roughly $58 million at the time.
The TenX token, PAY, started trading July 8 around $1.13. It got as low as $0.50 during the July sell-off. Now it’s right around $2 after reaching a high of $2.52 yesterday. The token recently started trading on Bter.com which helped push the price up.
TenX is debit card connected to your blockchain assets (so far BTC, ETH, and DASH). They have both a card issuing and a banking license. It also features zero fees and 0.1% cash back.
Token holders can earn rewards too. PAY holders will receive an incentive in ETH that amounts to 0.5% of the entire payment volume on the TenX platform.
Another interesting feature of TenX is the interoperability protocol called COMIT. It’s a protocol where every blockchain is connected. Interoperability is a big issue in the blockchain space. Co-founder Dr. Julian Hosp says COMIT can connect 95% of current blockchains.
Co-founder Julian Hosp is the one of people I like to follow in the cryptocurrency space. He’s done a bunch of videos on the TenX YouTube channel which you can find here.
You can already install the TenX app, just be aware it’s the ‘Unreleased’ version and may be unstable.
The TenX card is available in some places, but not everywhere yet. Check here for more details.
Sorry, a TenX card is not available in the US yet.
I own a few PAY tokens and plan to hodl.
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