TenX SETS TO IMPROVE THE CURRENT FINANCIAL TRANSACTION SYSTEM

in #tenx6 years ago (edited)

TENX is a new technological platform aiming to make any blockchain asset transaction simple and instant. TenX is a Singapore based cryptocurrency company which traces it birth in 2015 and now transforming transaction norms by allowing cryptocurrency holders to transfer money electronically from their crypto wallet when making purchases. Based on cryptocurrency transaction, TenX is simply the "Improved Debit Card".


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GET TO KNOW THEIR IDEOLOGY

As Anton Chekhov said, An idea has no value, unless it is implemented. The team had a dream and a goal to reach. This journey started in early 2015, when all they had were thoughts and possible unclear insights of what the future could hold. This happened 6 years after the birth of the blockchain world, earlier started by Satoshi Nakamoto, the Bitcoin creator. The idea behind their creation was to enable clients or crypto holders to instantly transact their currency as they do using Debit or credit cards. In other words, building a system favoring both crypto and non-crypto holders.


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The team is formed by four great and influential people who are not only passionate about the new technological trend but also problem solvers and driven by innovative ideology. Formed by four co-founders, Dr Micheal Sperk, Dr Julian Hosp, Toby Hoanisch and Paul Kittiwongsunthorn. They all have various capacities and immense experience while fulfilling their tasks and responsibilities of interest.

WHY TenX and WHAT"S NEW ABOUT THEM?

As stated earlier, the new technological trend calls for a broad and insightful creativity aiming to transform the society. TenX simply makes crypto holders life easier than they think while breaking barriers of transaction and exchange. For now, TenX allows transaction of four blockchain assets (Bitcoin, Ether, Litecoin and Dash). However, TenX was first aiming at bitcoin only and was called ''OneBit". Later on they chose to change to TenX meaning, "Ten times more than others", aiming to be an open blockchain platform making not only bitcoin assets spendable instantly but also other blockchain assets.

There are many more components of TenX, but let me explain two of them and how great they are: (TenX visa card and TenX Wallet)


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1. TenX visa Cards:

TenX visa cards have started being issued of late, first in Singapore, second in Europe and the rest of the world. Imagine having all your crypto assets and managing them as a debit card. This will not only make clients transactions easier but also enable them to move and extract their asset anytime, anywhere without any problem. This has caused PayPal and other firms to partner with them. However, some of the early adopters have started purchasing them though some of the TenX visa card were withdrawn from the market due to visa licence.

TenX is moving on the right track, not only in Europe and Asia but also the world in general. The in-depth algorithm innovation has made the system to convert blockchain assets into real fiat cash to any bank visa card station, supermarket or any other place in the world. Moreover, this technology looks new and promising enabling crypto holders to make use of their assets instantly and rapidly.


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2. TenX wallet:

Before explaining the tenX wallet, I would simply like to notice that TenX holds better and plausible opportunity for investors. Looking at the TenX wallet, we can notice and get to know much more about the TenX Token. At present, the token value is at 0.68 USD and hopefully promising for a future rise. The most surprising fact is that they have been able to acquire huge amount of profit in just a short period of time.

Here is their statement:

ICO in 2017
On the 24th of June, 2017, TenX completed one of the biggest and most rapidly funded initial token sales to date, having sold around 100 million PAY tokens and received 80 million USD worth of cryptocurrencies in 7 minutes. TenX is one of the few companies which has conducted a token sale while having a working product and an existing global user base. TenX has set the standard for a well-executed token sale. During the token sale, we accepted one of the most diverse range of coins and tokens any company has ever accepted, with Bitcoin, Ether, Litecoin, Dash and 18 different ERC20s.

Furthermore, the TenX wallet allows holders to keep their blockchain assets and can simply transact using the same wallet. Funds are kept safe and can at anytime be exchanged to any fiat currency such as Dollar, Euro, pound, Canadian Dollar, Yen and many more.

TenX believes in it mission to connect and interact with anyone involved in the decentralized world by building blocks and algorithms and creating a future world through their supportive, innovative and creative ideas based on problem solving paradigm both best for learners and better for investors.

However, early adopters are urged to throw an eye towards TenX products while earning some TenX tokens which can at anytime be exchanged, transacted, purchased and sold to anyone within the globe. The authenticity of it all is that TenX builds a bridge between the real world and the crypto world not only within a specific area of interest but also within the whole world.

Moreover, we should also note that TenX charges a certain fee for such an operation each time clients are performing transactions. These charges are estimated to be friendly and manageable for clients.

In conclusion, the goal to improve any financial system can be possible. TenX has proven it right though still at it starting point. We may not be that certain about the future but at least drawing a certain picture of what the future would look like. Seven years ago, we took visa cards and made them the cashless currency solution, while citing all debit and credit cards and many other innovatve paths earlier demonstrated.

The evolution of the blockchain technology makes the world at a two stage paradigm, both the fiat and blockchain. Well, we can not choose one and leave the other and this is where TenX has to intervene. If only a bridge can be built, then this should be with TenX.

Kindly visit these links to learn more about TenX:

Project Website: https://tenx.tech/en/

Products & Services: https://tenx.tech/en/wallet and https://tenx.tech/en/card

Wallet App: Android. iOS.

Link to a press release: https://tenx.tech/en/press-releases

TenX next event: South East Asia Blockchain Summit 2018

Crunchbase: https://www.crunchbase.com/organization/tenx-2

_Disclaimer: The above Writing is based on my personal research and understanding of TenX. I would surely urge you to explore further documentation in regards to TenX. Well, you may consider this article as my belief and understanding but not as a financial advice. _

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