TenX | facts about TenX and PAY tokens

As the world keeps developing on a daily basis, and the ubiquitous blockchain technology itself continues to evolve, cryptocurrencies are still facing the initial challenge of not having use-cases in our daily lives. Say I want to go and shop for groceries at the Port Harcourt mall, and I was hoping to pay with cryptocurrency for instance Bitcoin, I can't do that directly, because Cryptocurrencies are not backed by the government in this part of the world, thereby making it an unacceptable means of payment in the real world, which is why at the mall nobody recognizes or accept cryptocurrencies as a medium of exchange. While more and more online stores accept cryptos as payment for goods and services, as a matter of fact, it is faster to do major upgrades and other activities online where cryptos are allowed and accepted. It is so unfortunate that nobody in the real-world accepts it. Cryptos aren't an integral part of our daily economic activities yet. This is where TenX comes in.

All existing projects are created to solve a certain social challenge whether blockchain related or otherwise. The platform tends to correct the impression of the real world about cryptocurrencies, the impression that cryptocurrency is not the perfect substitute for fiat. The primary agenda of this platform is to make it easier and faster to utilize cryptocurrencies on goods and services and also increase the use of the TenX debit card.

TenX has emerged to solve the problem of real world interaction with cryptocurrency. You might be wondering how TenX intend to achieve that, Well, TenX is a payment network that facilitates the process of exchanging any digital currency for fiat, so even if they refuse to accept cryptos, you can still make purchases with the help of TenX debit card, all you simply need to do is top up your wallet with your desired digital currency, then you follow the simple procedure of converting a percentage of crypto in your wallet into fiat. TenX uses your digital and physical model of transaction which includes wallets, bank accounts, cash, ATMs and so on. You can download the TenX wallet App from your Google Play Store and register. There are certain data you will be asked to provide, carry out these tasks and you are good to go. TenX has emerged to redefine the way crypto is used.

PAY token is supported and built on the TenX blockchain. The PAY token is the fuel that facilitates the use of the TenX debit card services. The token is the native currency of the TenX platform. It is used to pay for services on the blockchain. Holders of this token have more advantage because there are services that only holders of the token can access.

As soon you have your BTC in the Wallet/App, and you have been issued the debit card, you can boldly walk into any store that accepts Visa knowing that you can make purchases without any form complication and rejection. The BTC equivalent of fiat will be credited to your local account and debited from your BTC balance. Being able to spend your cryptocurrency anywhere in the world is a transformation and a huge step in creating an extraordinary relationship between cryptocurrencies and the real world.

Did you know that when an individual uses a Visa/MasterCard, the store that renders the service pays a fee to card issuer? Let's say 2% (in this case, TenX)

Therefore, as an appreciation to the individuals who are assisting in funding TenX by acquiring the TenX tokens (PAY tokens), TenX is offering to share 0.5% of their total sales with PAY token holders. This implies that as the sales of PAY token increases, the percentage of total sales will increase simultaneously.

The platform has created a TenX wallet which is also known as PAY wallet. The PAY wallet is accessible through various devices such as Android, IOS, also the web. Currently, TenX wallet accepts Bitcoin, Litecoin and Ethereum, more is yet to come.

You can fund your wallet via digital transaction mode whereby you can transfer your choice of crypto into your wallet.

TenX users earn a reward of 0.1% for every purchase they make. This reward will be issued to the user in form of PAY tokens. That's not all.

PAY token holders will be rewarded with 0.5% on all TenX transactions.

More so, the Decentralized Security Smart Contracts (DSS) has been adopted by the TenX platform to ensure that individuals have control over their funds, DSS also gives users options of spending with the card, you can lock your card and open it if you choose, it is that flexible. Information in a decentralized registry can't experience cyber-attack and displacement.

THE FOLLOWING ARE THE FEATURES OF TENX

Like I said earlier, the PAY wallet is accessible through various devices, for the active crypto user. The TenX debit card operates with Visa network which gives the user the freedom to use his/her TenX debit card where ever visa network is accepted. TenX establishes a seamless relationship between cardholders and business communities, without having them worry about whether the payment will be made or not and how it will be made.

Through the adoption of the decentralized security system (DSS) users can now set their rules (withdrawal limits, purchase limits)to suit their taste and lifestyle and also the spending behaviour of users. The security pattern is flexible so that changes can be made in the setting when the need arises. COMIT network allows you to exchange assets in a decentralized manner. To know more about COMIT network

According to a quote on the platform, “you only get what you see”. The platform has patterned its system to be complication-free in fee or other parameters.

Since the TenX ICO has been concluded, investors can now buy this token from the open market, that depends on the exchanges that support PAY token these exchanges include Cryptopia, OKEx and many more.

TenX is a payment network that leverages on the COMIT Network. The TenX platform eliminates most fees associated with international transactions. TenX company will offer their customized debit virtual card that will give you access to products and services in the real world.

It is important and wise to do your personal research before investing, but seeing that TenX is the real deal and the platform is solving unique problems among the real world and blockchain system, it is certainly worth checking out.

It was nice having you around, thanks for reading my post.