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The joy and comfort of travelling is having easy access to funds anywhere and at anytime. Banks gave us ATM machines by providing us with our debit and credit cards where we can transact anywhere in the world at a stipulated fee.With this in view Tenx which is currently listed on thestateofthedapp is here with the same operating system but in a different and comfortable dimension
Tenx is a cryptocurrency decentralized platform built on Comit Network and solely based on smart contracts which gives you autonomous power over your funds.
Comit network is a platform that offers cheap payment for its users globally without any asset limitation or barrier.With this implementation Tenx connected to this network to provide exchange services, lending solutions, security among others.
Tenx was created by a group of people comprising of:
Toby Hoenisch (Co-Founder and CEO)
Michael Sperk (Co-Founder and CTO)
Paul Kitti (Co-Founder and COO)
Julian Hosp (Co-Founder and CVO).
Tenx is a cryptocurrency dapp that is attached to a wallet, bank account and debit card.This platform is an embodiment of a financial institution namely bank in the crypto space.Tenx is providing users with a platform where cryptocurrencies will be used in any part of the world with any bank transaction.
[Screenshot from my App]Tenx offers free exchange and spending fees on its platform when you download tenx wallet on your mobile or computer.This wallet supports multiple crypto assets on the blockchain from bitcoin to Ethereum or ERC20 to Dash tokens.
[Screenshot from my App]
Download tenx app for free and enter your phone number and email address after then you verify your email address and also complete your google authenticator.Your wallet will be set up immediately and you can begin to fund your wallet with your crypto asset.
You also have the choice to select your preferred currency.
[Screenshot From my App]You can use your card anywhere and at anytime just like your bank cards.The sum of $15 is charged to issue a physical card to their users inclusive of shipping cost and $1.50 fee for virtual card activation.
A $10 annual fee is also charged to your account for your physical or virtual card if your spending is below $1000 yearly while $2.75 is charged for every transaction fee via ATM.All fees will be deducted from your crypto wallet.
[Screenshot from my wallet]
This token is an important part of the tenx ecosystem and it serves as an utility token on the platform.
You can use it to pay for services on the dapp and also earn it as a reward of your contribution to the platform.All PAY token holders earn 0.5% reward in ETH and also receives 0.1% fastback rewards in PAY for their contribution.
You can store PAY token in these wallets:
- Imtoken
- Jaxx
- Myetherwallet (MEW)
I love this dapp because:
- It is simplifying bank services in the crypto space
- I can convert a wide range of crypto tokens such as bitcoin,Eth among others form one to the another.
- I can transfer my asset from one wallet to the other without a fee.
- The wallet supports multiple asset.
- You can order your debit or virtual card via the app
[Screenshot from my App]
- Just like the bank the ATM charge is outrageous
- There is a charge on limited spendings yearly.
- Restriction and limited to some locations for now on wallet or card usage or both
[Screenshot byMe]
Like the image above, here is a list of countries that has access to the wallet and not the cardhere
Most business are still not in support of cryptocurrency so it takes a long while to convert this crypto in a centralised exchange.Tenx helps to make this transition easy by creating an immediate conversion to fiat when using its card.I will be rating this dapp 4/5.