Know Your Crypto #6 -TenX
It's been one heck of a ride for the Know Your Crypto series.Our previous releases have garnered immense love and support from all of you.We are grateful and hence continuing on our promise to create awareness about the crypto world we bring to you another installment of the series.Today we discuss about TENX which definitely isn't a new name to followers of news from the cryptoworld.
)About
The tagline of TenX reads:
Making Cryptocurrencies Spendable Anytime Anywhere
This is enough to get a layman's idea for what TenX is.The vision with which TenX was set up was to help meet the availability of assets available on the blockchain platform to individual users
TenX introduced the TenX Card,a debit card (ongoing plans for credit card) which is accompanied by a TenX Wallet, a mobile wallet that can be be loaded with not only Bitcoin but also with Dash (DASH) and Ether (ETH).The team continues it's efforts to add more assets in times to come. Today TenX can be used in almost 200 countries and have 36 million places of acceptance.
Team
TenX team consists of people experienced in working with blockchainR&D, marketing,business operations,AI etc.The team currently includes Toby Hoenisch (Co-Founder & CEO), Michael Sperk (Co-Founder & CTO), Paul Kitti (Co-Founder & COO), Julian Hosp(Co-Founder & CVO).The team has garnered support of PayPal, DBS Blockchain and Citi Mobile Challenge.Their investors include Fenbushi Venture Fund,which has Vitalik Buterin as a partner.More details about the team can be found here
Token Distribution
TenX had a presale goal of 100,000 ETH for it's token sale.This target was reached within 36 hours and was met with great enthusiasm from the community. By the end of the token sale on 24th of June a total of little over 200,000 ETH total was raised. It raised around $80 million from it's token sale. It was exchanged for PAY tokens at a rate of 350 PAY tokens per 1 Ether plus a 20 percent bonus.
The token allocation is as follows:
Fund Breakdown
The above chart details the fund allocation from the tokens.The details for some important parts are as follows
- Integration of the COMIT network
Around 45% of the funds would go in integrating the TenX App and the TenX Wallet with the COMIT network.COMIT Network stands for Cryptographically-secure Off-chain Multi-asset Instant Transaction network.The following table shows benefits of integration of COMIT Network.
- Development fund:
A small portion of the funds will be dedicated to develop partnerships to improve the revenue stream for the PAY token holders.
Market Performance
At the time of writing the article PAY has a market cap of $387,105,554 or 96,684 BTC or 1,156,047 ETH and a circulating supply of 104,661,310 PAY .The total supply is 205,218,256 PAY.The current price of 1 PAY is $3.70 or 0.00092378 BTC/0.01104560 ETH
The current market stats for TenX can be found here
For the whitepaper you can visit here
This series of Know Your Crypto is written by : @shrey
We would love to know your views on the ongoing know your crypto series so get down below comment and resteem! Also we are constantly taking your suggestions to include the crypto currency of your choice in the next edition of Know Your Crypto so do let us know in the comments.
Great project which brings the coins to a real daily use!
Btw - even Mr. Burns uses it :D
great project! i have been in to it since the the begining. keep that up!
Great post! It's very informative .
Thanks for sharing @adsactly :)
good post!It would be nice to get upvote!thank you!
thank for good info @adsactly
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I really hope tenx goes well. they seem like they know what they are doing. the frequent vlogs are great insight to what they are up 2.
yes i see the tenx coin bullish from july and go up .68 to 3.45$ in only 30 days i think its a good performance and really a good bullish in these hope it will be go up more @adsactly sir,,,whats ur suggestion about it is this time to buy or not texn coins sir?
I think it's a good time to buy now while the price is still low ^^ .
i think that tenx it
s going to change the way we use the crypto. Imagine to pay anything with the x card using your crypto its is the future . The value of this coin is going to explode in any moment.only issue is no one wants to spend. the markets not even close to settling and spending even 1 btc could mean massive loss in 4 years. it will agree tho that it has massive potential.
True, but I think soon people will realize that purchasing goods/services with crypto is just an opportunity to get another hit of buying more crypto with fiat that we're all fiends for. Plus spending promotes the adoption of the technology.
Blogs are not just for socializing with others but it can also give us useful information like this. Just like me, I’m a new blogger and this article gave me lots of ideas on how to start blogging to a site or posts. I love commenting on articles and i use to comment regularly. This article will help me to comment in a proper way, thanks for sharing it thanks alot a have some crypto in hold in btc and eth,yocoin etc ny ways great info thanks alot waiting for ur next post hope i get better info :)
start following :P
TenX is amazing project! It will be a rocket in the next months!
Love TenX!
meep
good post my friend @adsactly
come to my blog again please :D
@imamaii