Is it safe to deposit ETH funds into the TenX android wallet? Can I buy TenX ICO tokens through TenX android wallet and receive the tokens in the app ? Thanks in advance  You could. Since our app is only available for Android, we encourage people to use MyEtherWallet. (iOS and webApp will be available by August latest) |
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Thank you for the quick and clear answers!
Could you please explain to this layman what 'kickback from card provider' means. This sounds like the card will still be part of a different company (VISA/MC who will wish for a minor stake as well). What will their stake be then, and how will this translate into costs for the card user per payment?
Whenever you use your MC or VISA, the merchant has to pay around 2-3%. The card providers share this fee with us, so we do not have to charge our users. |
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There is a similar project called Monaco. What differentiates TenX from it?
We have a comparison on our website: www.tenx.techShort version: WE ARE LIVE - Monaco is only a concept... nothing proven. We do not charge any fees, we work with more currencies, we have a better backend, etc. Monaco is a whitelabel solution without any actual tech. |
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It says product is ready. Are there already physical cards with the VISA or MasterCard logo in it?
I think they have Built TenX Wallet to allow for instant multi asset transactions and payments. And as you can see, there is no VISA logo in the card, it seems that there is a Mastercard logo on the right side of the card. So the wallet so far is ready but no contracts whatsoever for the cards with VISA or MasterCard. everything is ready and live - watch our videos on YouTube: www.youtube.com/tenxwallet |
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Hey I have read the entire white paper so I did my best to find the answer to my questions. Regrettably I either couldn't find it or didn't quite understand the answers. When it comes to finances I am quite the layman.
When someone makes a transaction one can earn up to 0.1% of it in PAY.
1) but couldn't this theoretically become impossible, if people would hold on to their PAY and the limited supply is insufficient?
2) if PAY can be created through this payout, wouldn't this cause inflation in the long term?
PAY holders receive 0,5% of the transactions made on the TenX platform in Ether.
1) wouldn't this be a disincentive for people wishing to use TenX for payments? (It is a small fee, but see my following questions).
What fees are people using TenX for payments to expect, and what does TenX stand to gain on payments on their platform?
1) there are no transactions fees, but surely TenX will earn from payments. Does TenX charge a fee for exchanging crypto to fiat then?
2) how are current exchange rates calculated, from a specific exchange site?
3) just broadly, what will a TenX payer pay additionally to use the platform (no matter the form, fee, exchange rate...) and...
4) what will TenX earn per payment (in whatever form)?
Thanks in advance for answering my questions, I hope they were clearly formulated.
Great questions - see the answers below: 1. There is always someone willing to sell - this feature will actually increase the PAY price and was designed that way. 2. It is NOT created - we have to buy it on the open market. 1. Yes, true - we don't want people to sell their PAY, that's why we have an incentive for them. 2. We use Polo, Kraken, Quoine 3. no fees 4. we get up to 2% kickback from the card provider |
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Have Vitalik really invested in Tenx? Why did he only say he will give advise to @omise_go and @loi_luu 's Kyber ?
Why didn't he pay attention to his investment in Tenx?
i think vitalik not invested this project It's ok if you think that - go on his fund's website and check the facts: www.fenbushi.vc |
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What mechanism will you use to place a value on contributed ERC20 tokens?
It is a live conversion |
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I don't think there's an easy solution that has been tested. even with contribution cap, # transaction cap per address, and time interval between anyone can use multiple send addresses so its not controllable. We want a lot of people come in and we believe the presale was a crucial step for that.
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Little guys are unable to reach the 125 Ether minimum. Whales can get their hands on the tokens even before anyone else can. Whales 1 little guys 0.
And what is to keep whales from accumulating during the actual sale?
I read, half goes to whales with certainty
Half goes to anyone, but still a huge advantage to whales who will manipulate with gas and what not.
I bet I won't have much of a chance to buy for my measly little 1 Ether, and I will be there when the timer hits 0.00 too!
So, instead of criticizing, why don't you make a constructive suggestion in how to make it better than we already did? |
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Sorry to repeatedly asking the same question but I unless I heard it straight from horse mouth I will keep repeating  what is the minimum amount that can be inveated ? 0.05 ETH minimum |
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Hmm a huge 100k eth in the presale... MINIMUM of 125 Ether. This was to exclude whales? Eh...
This seems to exclude the little guys, to include whales, who will gather on the actual sale as well.
As far as distribution goes, I have to give you a big fat -1 for now!
I think you don't get that this is what makes a great distribution: -whales during the presale fully structured -smaller contributions during the regular sale Please let me know how you would make this any better... I am waiting. |
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What I understand from this link -> https://tokensale.tenx.tech/#/close You already have 100k ETH from presale? Which is about $35000000 ($35mln) before standard token sale even started? Really? Yes, really. And if you consider buidling a team of 250 people within 2 years, getting a banking license and having enough liquidity for a network that connects any blockchain it is not a lot. |
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This project looks promising but still hesitant to invest as we lost quite good amount on much hyped project token card.
Yeah, understand, but one thing is to promise on an idea like Tokencard did, the other thing is to HAVE A PRODUCT, like we do at TenX. You will get benefits from the very beginning, as OUR PRODUCT IS LIVE! |
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