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Author Topic: [ANN] TenX: Making Blockchain assets spendable  (Read 331488 times)
supertee
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December 05, 2017, 09:31:36 AM
 #4241

Wow I am shocked.

I told friends and family to invest in TenX and now suddenly they say because of regulations there will be no rewards?!?!.

F*** that. selling mine and gonna SMS now to my friends and family to sell theirs ASAP. jeez I am really, really upset.

I really loved this project but the token is worth $0 now, it never had a use case and cannot have a proper use case rather then sending rewards.

R.I.P TenX  Undecided

Aaaand the price still goes up...  Grin Grin

I don't see why to panic. TenX has an amazing product, there are other amazing things in the pipeline. Next year US will have TenX cards. I don't give a sh*t about rewards. I will make enough profits out of PAY gaining value.

Passion.
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AzakeB
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Highest ROI crypto infrastructure


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December 05, 2017, 09:36:41 AM
 #4242

Quote
Lol Franco
BTW, Envion is also shit coin. Do you really believe in this story??? Too good to be true!!!! Grin

I do understand you because stating realizing 161% ROI is a quite provocative claim.
I like to keep it real and advertising like this would normally raise concerns and the red flag. I get that.

Still I have to say that this is a highly mature project. I read about 100-150 Whitepapers, following development of at least 30 to 40 coins, reviewing, commenting and observing several communities and I have to say that these guys know exactly what they are doing.
Just to be clear: This is NOT a coin and you don't invest in their coin like you would normally do. You do invest in infrastructure and they preserve you the right to receive profits from mining based on how much tokens you are holding.
Give the whiterpaper and telegram group a shot. You will see that this is not another kiddo coin with inexperienced Founders and Staff.

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December 05, 2017, 09:39:34 AM
 #4243

Aaaand the price still goes up...  Grin Grin

... On mega low volume and nearly all market depth (on bittrex) is gone.  Cool "project"?   I feel too much like a bag holder.

Notable projects 2019: Semux, Dero, Wagerr, BEAM
supertee
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December 05, 2017, 09:40:01 AM
 #4244

Just read the blog entry. I think it is just about exchanges not getting tons of rewards for their coins. So they need to update their idea, so only human token holders get rewarded. That's it. This is good news for me.  Wink

Passion.
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December 05, 2017, 09:46:40 AM
 #4245

Just read the blog entry. I think it is just about exchanges not getting tons of rewards for their coins. So they need to update their idea, so only human token holders get rewarded. That's it. This is good news for me.  Wink

No.  It's about no one getting dividends.  They are not paying dividends on any PAY tokens, exchanges, "humans", gorillas.

Notable projects 2019: Semux, Dero, Wagerr, BEAM
supertee
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December 05, 2017, 09:59:20 AM
 #4246

Just read the blog entry. I think it is just about exchanges not getting tons of rewards for their coins. So they need to update their idea, so only human token holders get rewarded. That's it. This is good news for me.  Wink

No.  It's about no one getting dividends.  They are not paying dividends on any PAY tokens, exchanges, "humans", gorillas.

Nope. It is not. You should just read the article.

Passion.
niklasmato
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December 05, 2017, 10:21:21 AM
 #4247

Just read the blog entry. I think it is just about exchanges not getting tons of rewards for their coins. So they need to update their idea, so only human token holders get rewarded. That's it. This is good news for me.  Wink

No.  It's about no one getting dividends.  They are not paying dividends on any PAY tokens, exchanges, "humans", gorillas.

Nope. It is not. You should just read the article.

Ok I'm lost .. will we eventually receive the % which was promised in the ICO or not Smiley
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December 05, 2017, 10:30:10 AM
 #4248

wait and see live Q & A next hour https://www.youtube.com/watch?v=A3wIBFtkfs0&feature=youtu.be
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December 05, 2017, 10:51:57 AM
 #4249

I trust they will come up with something positive for investors and holders of PAY tokens, even better that exchanges are being excluded.
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December 05, 2017, 02:30:34 PM
 #4250

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
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December 05, 2017, 04:35:47 PM
 #4251

If that happens and say bittrex finds out about it, kiss it all good by.
riskthebiscuit
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December 05, 2017, 08:13:41 PM
 #4252

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


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Deltadollar
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December 05, 2017, 08:17:59 PM
 #4253

They are going to give cash back like mco and every other card. Question is how much?
MalReynolds2
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December 05, 2017, 08:33:50 PM
Last edit: December 05, 2017, 08:49:22 PM by MalReynolds2
 #4254

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
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December 05, 2017, 08:50:04 PM
 #4255

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.
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December 05, 2017, 09:48:41 PM
 #4256

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.
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December 05, 2017, 10:32:50 PM
 #4257

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.
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December 06, 2017, 12:12:49 AM
 #4258

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.."  Lips sealed  Lips sealed  Wink  Wink

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

A cryptocoin a day keeps the doctor away
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December 06, 2017, 12:39:13 AM
 #4259

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!
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December 06, 2017, 12:44:53 AM
 #4260

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

A cryptocoin a day keeps the doctor away
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