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Author Topic: [ANN] TenX: Making Blockchain assets spendable  (Read 331492 times)
mano237
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February 01, 2018, 07:25:49 AM
 #4761

If I use TenX and I deposit bitcoins to my debit card Account for which I have to pay taxes.(Because I bought them <1 year, in Germany its tax free for holding longer than 1 year)

So I still have to mentioned it in my tax return and pay taxes for the amount, right?
Just to be sure that it is legally correct... I am from germany.
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DragonETH
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February 02, 2018, 09:18:14 AM
 #4762

BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.

If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license?  Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year
not sure about their intentions to find a Bank, so much silence on this issue that maybe it's not available at present.

                           
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sebr1ng
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February 02, 2018, 10:02:03 AM
 #4763

Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?
aoluain
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February 02, 2018, 10:12:02 AM
 #4764

BABB doesn't have a banking license yet, so TenX may have a bit of an advantage for the time being, as they already have the liquidity to move things along fairly quickly. BABB looks like a pretty solid project, but new competition doesn't mean the death of the incumbent. Competition drives innovation, so either way, I see this as a good development. There's room for more than one crypto bank/card services provider.

If Tenx can't even roll out ETH correctly, do you have confidence in them in term of obtaining banking license?  Most likely, they will NOT have the banking license in Q2, I don't think they are going to have it this year

I dont like to hear this TBH.

Thinking about it I would be skeptical that they would be issued a
banking license at a time when we see the two CC players Visa and
Mastercard applying fees for crypto purchases.

https://themerkle.com/visa-and-mastercard-now-charge-an-additional-fee-for-buying-cryptocurrency/

Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?

There is none, that is why they are applying for their own banking license.

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codemanX
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February 02, 2018, 11:02:28 AM
 #4765


Did anyone maybe hear which card issuer will be issuing replacement cards in the meanwhile?

There is none, that is why they are applying for their own banking license.


Sure there is one, that's the next step! They were working since many months on this new issuer, Julian confirmed already that the contract is signed but they are not allowed to say which issuer it will be. It should not take much time until the announcement.

Banking License will take much more time.
Deltadollar
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February 02, 2018, 01:28:02 PM
 #4766

There is a lot of talk on the Monaco slack is saying the “uppercut” is coming and will destroy tenx. I can’t imagine the price any lower it already hit $1.60 is it possible we can drop to penny’s?
eumelpeter
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February 02, 2018, 07:33:15 PM
 #4767

Yes for sure. Why i think so? Because actually the Pay-Token is useless and has no value. Consider the words of Julian. At some point, the price of a coin reaches its real value. In the logic of Julian, the price of the PAY Token will be zero. And just think about the "rewards". The rewards depends on the cash flow of the credit card. Today there are no working cards that means no chance for rewards in no way. And there is still the uncertainty if there will be ever "rewards" or whatever. Last year i bought PAY tokens, because of the nice idea of passive income if you have a hugh amount of token.
I dont want to speak bad about TenX, but so far it was the worst investment last year ( i am still holding a hugh amount and never sold any token). Nearly every coin independent of "good coin" or "shitcoin" outperforms TenX... I really hope they will be successful this year.
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February 02, 2018, 08:55:17 PM
 #4768

Yes for sure. Why i think so? Because actually the Pay-Token is useless and has no value. Consider the words of Julian. At some point, the price of a coin reaches its real value. In the logic of Julian, the price of the PAY Token will be zero. And just think about the "rewards". The rewards depends on the cash flow of the credit card. Today there are no working cards that means no chance for rewards in no way. And there is still the uncertainty if there will be ever "rewards" or whatever. Last year i bought PAY tokens, because of the nice idea of passive income if you have a hugh amount of token.
I dont want to speak bad about TenX, but so far it was the worst investment last year ( i am still holding a hugh amount and never sold any token). Nearly every coin independent of "good coin" or "shitcoin" outperforms TenX... I really hope they will be successful this year.

I feel for you bro. I'm holding on a lot of pay token aswell. I wish I should have sold early January. But one good thing is that the EU cards should be delivering by the end of this quarter. I strongly believe that the token structure will be presented along side the release of the EU cards. The release of the token structure will be a perfect opportunity to incentive new users, who are new to crypto, to use the TenX cards. 
eumelpeter
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February 02, 2018, 09:25:37 PM
 #4769

I think the cards will not be shipped in Q1! Every Date or „surprise“ was a hugh disappointment for me because there were always delays, empty promises or they were not able to roll out things without huge mistakes (it seems that they have no quality management... When they have some people who are responsible for that i would fire them instantly) In the regular industry (e.g. Mechanical Engineering) no customer would ever buy something from such a company again. Thankfully we are in Crypto.
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February 02, 2018, 11:33:29 PM
 #4770

What's TENX's plan if the big Card Networks(Visa, MC, Discover and AMEX) shut down any link to crypto?
I know Julian says Visa is still onboard, but are they considering the Wavecrest debacle.
Are there other Networks a Merchant Card terminal can access that TENX could use?
I'm keeping my PAY tokens for now but some stronger support statements directly from VISA would help.

Well at the moment there is no official information about the way, how VISA will handle crypto cards. But the shutdown of wavecrest was not because of crypto, but because of some things that went against their regulations.

VISA possition is very reserved about crypto and I don't like that at all, I hope for a new card issuer and other financial services corporation than VISA! I'm sure Tenx will find a solution for that very soon!

uripit
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February 03, 2018, 12:55:19 AM
 #4771

Let's hope debit cards are coming soon ! if not you can sell this coin because no future for TenX !
AlteregoX
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February 03, 2018, 06:52:12 PM
 #4772

tenx is a decent token, i like that back end infrastructure ideas. The execution is the only concern here.

Tenx is NOT decent token, ask ICO investor or early buyers for their opinion. They will tell you that this was biggest mistake to invest in the first place.

I second this. PAY token didn't fulfill it's early promises (ie. dividends etc.)
bitcoinbelieve
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February 03, 2018, 07:46:03 PM
 #4773

tenx is a decent token, i like that back end infrastructure ideas. The execution is the only concern here.

Tenx is NOT decent token, ask ICO investor or early buyers for their opinion. They will tell you that this was biggest mistake to invest in the first place.

I second this. PAY token didn't fulfill it's early promises (ie. dividends etc.)

I don't believe Tenx has technical skill set for this tech company to survive this year. They are losing community support everyday and Tenx will be forgotten just like bitconnect. Speaking of bitonnect, to be honest with you what is the difference between bitconnect and Tenx? They both lied in the white paper and screw over original investor. What is it so hard for Tenx to release Eth wallet when Centra has already released 7 or 8 different alt coins on their wallet? I really don't understand it, what were they doing all this time? Such disappointment.

If you are original holder of Tenx, do not sell it, just wait it out little bit longer b/c even shit coin like Tenx value will go up. People should just bail if they made 2x of their money b/c Tenx doesn't have any bright future. They are dead in the water, who care about Comit when new and better coins are coming out everyday. We have 1510 coins as of right now and more coins will come out this year than last year.
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February 03, 2018, 07:50:08 PM
 #4774

Let's hope debit cards are coming soon ! if not you can sell this coin because no future for TenX !

It is really sad that people have to "HOPE" for this Tenx to deliver. Don't hold your breath on it.
bitcoinbelieve
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February 03, 2018, 07:53:35 PM
 #4775

tenx is a decent token, i like that back end infrastructure ideas. The execution is the only concern here.

Tenx is NOT decent token, ask ICO investor or early buyers for their opinion. They will tell you that this was biggest mistake to invest in the first place.

I second this. PAY token didn't fulfill it's early promises (ie. dividends etc.)

If the pay token has some sort of purpose, I wouldn't be that negative but as of right now, it holds no value, it is like holding bitconnect token
ANDREW 555
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February 03, 2018, 09:29:24 PM
 #4776

TenX Singapore Meetup (February 12)
https://coindar.org/en/event/tenx-pay-tenx-singapore-meetup-2966
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February 03, 2018, 11:33:51 PM
 #4777

Let's hope debit cards are coming soon ! if not you can sell this coin because no future for TenX !

It is really sad that people have to "HOPE" for this Tenx to deliver. Don't hold your breath on it.

Bitcoinbelieve has been FUDING hardcore. Over 6 posts in the last 2 pages about how much TenX sucks and didn't deliver. TenX did deliver, actual working cards and over 200,000 of them as stated by TenX. They already have back end support and experience now from having live cards. TenX lost wavecrest because of VISA not because of Tenx, no one could have seen that coming. TenX is the ONLY multicrypto support debit to ever go live at 200,000+ users and one to even actually have a WORKING CARD that shipped out. The negativity here is childish from a people like bitcoinbelieve, the first major obstacle in TenX's less than a year existence and its "the end of TenX". Get real, this company has the most followers in the crypto debit space that has actually released a card. Once their banking license comes through and they rollout into the Asian market this FUD wont matter.
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February 03, 2018, 11:51:35 PM
 #4778

I strongly discourage new people investing into "payment processor" coins b/c the future is very uncertain due to different types of laws in each country. This will kill the progress of the coin and by the time they resolve the problem, they will be forgotten by the community, like Tenx. This type of coin is really similar to security and they going to have tons of problems with the government.

For regarding with Tenx, they should of shift away from cards thing and focus on COMIT from the start but that didn't happen. They just wasted away 6 months of advantage they had over their competition and they have fallen behind. Tenx is NOT that focus, that is why it drop from top 30 to lows 90's. This should tell you something about the company.

https://i.imgur.com/LYieSuA.jpg
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February 04, 2018, 01:06:30 AM
 #4779

I strongly discourage new people investing into "payment processor" coins b/c the future is very uncertain due to different types of laws in each country. This will kill the progress of the coin and by the time they resolve the problem, they will be forgotten by the community, like Tenx. This type of coin is really similar to security and they going to have tons of problems with the government.

For regarding with Tenx, they should of shift away from cards thing and focus on COMIT from the start but that didn't happen. They just wasted away 6 months of advantage they had over their competition and they have fallen behind. Tenx is NOT that focus, that is why it drop from top 30 to lows 90's. This should tell you something about the company.



https://www.youtube.com/watch?v=sbLGQf9WIK4
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February 04, 2018, 02:58:49 AM
Last edit: February 04, 2018, 03:11:23 AM by bitcoinbelieve
 #4780

Let's hope debit cards are coming soon ! if not you can sell this coin because no future for TenX !

It is really sad that people have to "HOPE" for this Tenx to deliver. Don't hold your breath on it.

Bitcoinbelieve has been FUDING hardcore. Over 6 posts in the last 2 pages about how much TenX sucks and didn't deliver. TenX did deliver, actual working cards and over 200,000 of them as stated by TenX. They already have back end support and experience now from having live cards. TenX lost wavecrest because of VISA not because of Tenx, no one could have seen that coming. TenX is the ONLY multicrypto support debit to ever go live at 200,000+ users and one to even actually have a WORKING CARD that shipped out. The negativity here is childish from a people like bitcoinbelieve, the first major obstacle in TenX's less than a year existence and its "the end of TenX". Get real, this company has the most followers in the crypto debit space that has actually released a card. Once their banking license comes through and they rollout into the Asian market this FUD wont matter.

This is coming from newbi member. Please tell me where I misled people about Tenx? Is it not true, Tenx lied to community about token reward 3x (August,October, end of the year) or not having multiple coins available in the wallet or technical problem with rolling out ETH wallet. Where did I lied?

You should watch ALL Tenx youtube video before you make uneducated comment like that. Tenx end goal is NOT to be card provider but in fact they wanted transition into COMIT. My argument is that Tenx don't have technical skill set to be successful tech company. Just go back and read all the problem they had when they actually had working card/online wallet. Tons of technical problem.  

Do you really believe Tenx is the only one in the market, the competition is going to get worse for Tenx due to new coins coming into the market. It is not true that Tenx is "new" company, in fact they rebranded to Tenx last year. If I remember correctly, they form a company in back 2015 or 2016 where they focus on Bitcoin blockchain but later change to ETH platform. So the question is when they had head start from everybody for long periods of time, the end result is NO PROGRESS. Do you understand my  frustration?
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