CONNECTING BLOCKCHAINS TO THE REAL WORLD
TenX connects your blockchain assets for everyday use. TenX’s debit card and banking licence will allow us to be a hub for the blockchain ecosystem to connect for real-world use cases.
INTERCHAIN - A NETWORK OF BLOCKCHAINS
COMIT is a protocol where every blockchain is connected. It is an off-chain transaction protocol that allows the blockchain ecosystem to scale even further and be more inclusive.
USE YOUR BLOCKCHAIN ASSETS IN REAL-LIFE
The TenX wallet and the TenX card have been tested by well-known figures in the industry with payments in 50 countries across the world. The TenX iOS wallet and WebApp will be available to the public by the end of July.
MULTI-BLOCKCHAIN ASSET SUPPORT
TenX supports blockchain assets across multiple blockchains. TenX currently supports Bitcoin, Ethereum, Ethereum ERC20 Tokens (DGX, REP, TRUST,ANT, etc.), Dash - many more are coming.
DECENTRALIZED SECURITY SMART CONTRACT (DSS)
You are the holder of the DSS key and in full control of your funds. You can fine tune your security settings at anytime with the smart contracts. From spending limits, Daily Limits, Portfolio Spending, Widthdrawal setting etc.
PAYMENT PLATFORM FOR BLOCKCHAIN ASSETS
The platform connects assets and businesses on blockchains to the real-world in a decentralized manner. Developers can develop security smart contract modules, businesses can connect their users and usecase to real-world payments.
24 June, 1PM (UTC)
To be announced
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:I checked the cards offered by other competitors such as Tokencard, Mobi, Xapo, and Monaco. The existing competitors only have cards denominated in USD, GBP and EUR.That means for users outside of the US and Euro Zone, TenX would be the default card of choice.
Concerns:Tokencard has a market capitalization of $25 million, which means that the market cap for TenX at ICO is over 5 times that of Tokencard.TenX has many other competitors that are trying to solve the exact same problem – Mobi, Monaco, Tokencard, and Xapo .Being able to develop COMIT is a big part of the success of TenX. However, development success not guaranteed – it is a complicated project. In fact, 45% of the amount raised will be spent on developing COMIT. It is ambitious – if they can pull it off, then they have created something very valuable in the payment industry but if not, it is going to change TenX's game plan dramatically.It is true that TenX’s fees are lower than competitors, but competitors can respond quickly and lower fee structure themselves, so this advantage may not last.
Conclusion:Overall, I am neutral about this ICO. I like the problem that they are trying to solve and that TenX has a working product and a detailed roadmap, but the valuation is on the rich side and there are already a few competitors in this space.Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Not good because they are raising a lot of money - $71 million at current ETH price, which brings the market cap to $141 million. Only 10 tokens are worth more than PAY’s ICO valuation.For long-term holding:I like PAY for long-term investment. Let’s assume that (1) the cryptocurrency card transaction will eventually reach 1% of the combined transaction volume of Visa and MasterCard, and (2) TenX has a 33% market share in the industry, PAY holders will receive $215 million per year.Of course this may not happen at all, and if it will, it is going to take many years for this to happen.
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