[ANN] TenX: Making Blockchain assets spendable

[paysanus]

wait and see live Q & A next hour https://www.youtube.com/watch?v=A3wIBFtkfs0&feature=youtu.be

[1715162869]

1715162869

[maot4]

I trust they will come up with something positive for investors and holders of PAY tokens, even better that exchanges are being excluded.

[splint424]

JULIAN SPEAKS:

https://blog.tenx.tech/tenx-pay-token-structure-update-4f19be727870

Crypto exchanges seeking to list the PAY token and those on which the PAY token is already listed have requested for some clarifications on the PAY token structure, which were essential for the listing of the PAY token. As we believe that the information we shared with them is also relevant to our community, we would like to list some summarised points below:

Crypto exchanges are not registered as platforms that can trade securities and other regulated products, so they need to ensure that every token or digital asset which they accept on their platforms is not a security or any other type of regulated product. For the overall industry, such due diligence efforts are part of a positive process that will bring more transparency and discipline to all market participants.
To date, PAY token holders have not received any reward of any kind.

The PAY token was never intended to be a security or any other type of regulated product. To further improve its features, we are undertaking a review and update of its current structure and no rewards of any kind will be distributed to PAY token holders under such current structure.

The finalised terms and conditions in relation to rights of PAY token holders and the membership and loyalty programme, based on the updated structure, will be made available to you soon. Such terms and conditions will clarify that the PAY token is not intended to constitute a security or any other type of regulated product (such as an investment contract, debenture or unit in a collective investment scheme).

For a token not to be seen as a security or any other type of regulated product, there must not be any expectation of any receipt of investment returns by its holders. Therefore, we would be unable to provide any assurance that any rewards will be distributed to PAY token holders even under the updated structure and PAY token holders should not expect to receive any rewards even under the updated structure.

As shared by us on multiple occasions, this structure is to ensure that PAY tokens are widely accepted for trading on as many reputable crypto exchanges as possible.

The updated structure will keep crypto exchanges from receiving any potential rewards from PAY tokens, because such exchanges are not intended to be members of the membership or loyalty programme envisioned by us.

We are doing our best to complete the update of the PAY token structure as efficiently and quickly as possible with our legal advisors, and will provide a further update with more details when we are ready. We will update you with a blog post followed by a YouTube Q&A.
We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features.

We hope the above points clarify any existing uncertainties surrounding the PAY token for our community and partners.

You confirmed yourself as a FUDDER the moment you PURPOSELY LEFT OUT the very last point on the post:

"We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features."

They never said they are not paying the 0.5% rewards. They say "do not expect them". Because if we "expect" them from owning the TOKEN, then PAY is considered a SECURITY and cannot be listed on ANY exchanges. They will still give the rewards, but they have to use different wording for legal reasons in order to not be deemed a SECURITY.

[Deltadollar]

If that happens and say bittrex finds out about it, kiss it all good by.

[riskthebiscuit]

FOR ALL THOSE THAT DO NOT UNDERSTAND WHAT IS HAPPENING PLEASE LISTEN TO THESE WORDS

1) THE WORDING IS THAT THEY CANNOT PROMISE DIVIDENDS BECAUSE IF THEY PROMISE IT IS A SECURITY

2) THAT IS WHY THE WORDING IS "NOT TO EXPECT" BUT BY NO MEANS DOES THIS MEAN ZERO DIVIDENDS

WATCH THE FIRST 15 MINUTES OF THE Q & A AND ALL YOUR WORRIES WILL BE CLEARED, IF NOT AND YOU STILL WORRIED THEN SELL YOUR TENX. THANK YOU

https://www.youtube.com/watch?v=A3wIBFtkfs0

[Deltadollar]

They are going to give cash back like mco and every other card. Question is how much?

[MalReynolds2]

PAY token holders should not expect to receive any rewards even under the updated structure.

You confirmed yourself as a FUDDER the moment you PURPOSELY LEFT OUT the very last point on the post:

"We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features."

They never said they are not paying the 0.5% rewards. They say "do not expect them". Because if we "expect" them from owning the TOKEN, then PAY is considered a SECURITY and cannot be listed on ANY exchanges. They will still give the rewards, but they have to use different wording for legal reasons in order to not be deemed a SECURITY.

You are saying that PAY token holders can circumvent securities laws just by "not expecting" a reward which is gonna be given to them anyway by the token management?

Ha. Ha. Ha.

[Notin2]

JULIAN SPEAKS:

https://blog.tenx.tech/tenx-pay-token-structure-update-4f19be727870

Crypto exchanges seeking to list the PAY token and those on which the PAY token is already listed have requested for some clarifications on the PAY token structure, which were essential for the listing of the PAY token. As we believe that the information we shared with them is also relevant to our community, we would like to list some summarised points below:

Crypto exchanges are not registered as platforms that can trade securities and other regulated products, so they need to ensure that every token or digital asset which they accept on their platforms is not a security or any other type of regulated product. For the overall industry, such due diligence efforts are part of a positive process that will bring more transparency and discipline to all market participants.
To date, PAY token holders have not received any reward of any kind.

The PAY token was never intended to be a security or any other type of regulated product. To further improve its features, we are undertaking a review and update of its current structure and no rewards of any kind will be distributed to PAY token holders under such current structure.

The finalised terms and conditions in relation to rights of PAY token holders and the membership and loyalty programme, based on the updated structure, will be made available to you soon. Such terms and conditions will clarify that the PAY token is not intended to constitute a security or any other type of regulated product (such as an investment contract, debenture or unit in a collective investment scheme).

For a token not to be seen as a security or any other type of regulated product, there must not be any expectation of any receipt of investment returns by its holders. Therefore, we would be unable to provide any assurance that any rewards will be distributed to PAY token holders even under the updated structure and PAY token holders should not expect to receive any rewards even under the updated structure.

As shared by us on multiple occasions, this structure is to ensure that PAY tokens are widely accepted for trading on as many reputable crypto exchanges as possible.

The updated structure will keep crypto exchanges from receiving any potential rewards from PAY tokens, because such exchanges are not intended to be members of the membership or loyalty programme envisioned by us.

We are doing our best to complete the update of the PAY token structure as efficiently and quickly as possible with our legal advisors, and will provide a further update with more details when we are ready. We will update you with a blog post followed by a YouTube Q&A.
We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features.

We hope the above points clarify any existing uncertainties surrounding the PAY token for our community and partners.

TenX should refund PAY holders as they have reneged on their promises from the ICO!!!
WTF... when they do ICO they say they pay dividend... now they say "no promises".  What a joke.  Now they can either refund PAY holders or face a class action lawsuit!

Really Tenx? after the long awaited dividend payout now you are going back on your words, this thought of recieving dividends has made alot of investors keep there tokens in wallet, now you can keep to promise, why given fales hppe to investors, this does not show trust trust and confidence in this project any more rather is just dishonest and letting suppoters down if this is true.

[ceaa]

All of this uncertainty comes down to the fact that TenX did not invest the money to write up a proper prospectus as would be necessary when offering a security.

[RitzBitzz]

JULIAN SPEAKS:

https://blog.tenx.tech/tenx-pay-token-structure-update-4f19be727870

Crypto exchanges seeking to list the PAY token and those on which the PAY token is already listed have requested for some clarifications on the PAY token structure, which were essential for the listing of the PAY token. As we believe that the information we shared with them is also relevant to our community, we would like to list some summarised points below:

Crypto exchanges are not registered as platforms that can trade securities and other regulated products, so they need to ensure that every token or digital asset which they accept on their platforms is not a security or any other type of regulated product. For the overall industry, such due diligence efforts are part of a positive process that will bring more transparency and discipline to all market participants.
To date, PAY token holders have not received any reward of any kind.

The PAY token was never intended to be a security or any other type of regulated product. To further improve its features, we are undertaking a review and update of its current structure and no rewards of any kind will be distributed to PAY token holders under such current structure.

The finalised terms and conditions in relation to rights of PAY token holders and the membership and loyalty programme, based on the updated structure, will be made available to you soon. Such terms and conditions will clarify that the PAY token is not intended to constitute a security or any other type of regulated product (such as an investment contract, debenture or unit in a collective investment scheme).

For a token not to be seen as a security or any other type of regulated product, there must not be any expectation of any receipt of investment returns by its holders. Therefore, we would be unable to provide any assurance that any rewards will be distributed to PAY token holders even under the updated structure and PAY token holders should not expect to receive any rewards even under the updated structure.

As shared by us on multiple occasions, this structure is to ensure that PAY tokens are widely accepted for trading on as many reputable crypto exchanges as possible.

The updated structure will keep crypto exchanges from receiving any potential rewards from PAY tokens, because such exchanges are not intended to be members of the membership or loyalty programme envisioned by us.

We are doing our best to complete the update of the PAY token structure as efficiently and quickly as possible with our legal advisors, and will provide a further update with more details when we are ready. We will update you with a blog post followed by a YouTube Q&A.
We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features.

We hope the above points clarify any existing uncertainties surrounding the PAY token for our community and partners.

TenX should refund PAY holders as they have reneged on their promises from the ICO!!!
WTF... when they do ICO they say they pay dividend... now they say "no promises".  What a joke.  Now they can either refund PAY holders or face a class action lawsuit!

face a class action lawsuit!
Only kid trader said this thing.Always.I dont know how long have you been trading.But that last threat just show how immature you are.

[LongTermCrypto]

They can't promise rewards, but they didn't say there won't be rewards.
Legally, TenX is not allowed to promote rewards for token holders, but rewards can be sent to token holders with no previous notice.

" (...) Let's see.. we might have some nice christmas presents... for.. you.."        

https://youtu.be/A3wIBFtkfs0?t=3m9s < Dec 5, 2017 - TenX Q&A Livestream

[bribed]

Guys quick question, is it still possible to order a TenX card or were they only for ICO investors? If so, how? I could not find any information about that on the website. I really do want to have such a card!

[LongTermCrypto]

Guys quick question, is it still possible to order a TenX card or were they only for ICO investors? If so, how? I could not find any information about that on the website. I really do want to have such a card!

"You can order cards exclusively through the official TenX wallet applications" > Link

Anyone can order TenX cards, but at the moment they only ship to European countries.

https://support.tenx.tech/hc/en-us/sections/115000236871-Orders-Shipping

[AzakeB]

They can't promise rewards, but they didn't say there won't be rewards.
Legally, TenX is not allowed to promote rewards for token holders, but rewards can be sent to token holders with no previous notice.

" (...) Let's see.. we might have some nice christmas presents... for.. you.."        

https://youtu.be/A3wIBFtkfs0?t=3m9s < Dec 5, 2017 - TenX Q&A Livestream

What do you think? Are people holding PAY in order to hope for the rewards or do people hold TenX because it's one of the best Crypto Debitcard?
If the vast majority holds it because they expect rewards, then we might see a huge downfall, if TenX decides to abandon this idea.

[supertee]

I don't care about rewards. I know that we are going to moon as soon as the US delivery starts.

[sebr1ng]

Dividends or not - the most important for me is the product itself - the cross-blockchain card with which I can spend my crypto-earnings. And after 1 month I just got the card and activated it. I think PAY will moon soon as someone said before, when most of the FUDers will get their card and start using it.

[Wekkel]

Dividends or not - the most important for me is the product itself

This. I still have to make my first payment with the TenX card but am looking forward to that moment.

[Vit83]

Where their card for non-citizens of EU. Did they promise it a few months ago or more? I don't need clowns on twitter and Youtube, I want real Visa/master Card for the whole world. It looks that they didn't succed and soon can be called scam project in the nearest future. They took big money, and now must behave like adult people... Not like kids play " mommy I promise I will do this later"

[DelevIsak]

On what exchanges do you listed?

[supertee]

On what exchanges do you listed?

https://coinmarketcap.com/currencies/tenx/#markets